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RBI panel questions efficacy of populists schemes for farmers, in favour of more structural changes -Atmadip Ray

-The Economic Times The group is also in favour of revising the sub-target for small and marginal farmers to 10% from the existing 8% of adjusted net bank credit with a roadmap of two years. KOLKATA: A Reserve Bank of India working group on agricultural credit has questioned the efficacy of populist measures such as debt waiver and interest subsidy on crop loans, while suggesting a slew of structural changes to boost...

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Govt deal no lifesaver for Kashmir apple-growers, could leave them poorer -Azaan Javaid

-ThePrint.in Centre's procurement deal through NAFED offers Kashmir apple farmers a lower rate than last year, while also changing the definitions of different categories Srinagar: The Centre’s decision to procure Kashmir’s apple produce to prevent distress sales amid tensions in the Valley will put farmers at a disadvantage over conventional sales, ThePrint has learnt.   With militants reportedly threatening traders against conducting business, and a public curfew in place against the decision to...

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IT ministry doesn't favour linking Aadhaar & social media accounts

-The Times of India NEW DELHI: The information technology ministry does not appear to be in favour of linking Aadhaar with social media accounts as the measure has the potential to clash with earlier court judgments on privacy and use of the biometric identification card, top officials in the ministry said. The officials, requesting anonymity, said that the measure has to be carefully thought out before any decision to allow any linkage...

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Govt should take CMs' views for Finance Commission's reference terms: Manmohan

-PTI Earlier in July, the Centre changed the terms of reference of the 15th Finance Commission and mandated the panel to suggest ways for allocation of non-lapsable funds for defence and internal security. New Delhi: Former Prime Minister Manmohan Singh on Saturday said the government should have taken chief ministers' views before changing the terms of reference of the 15th Finance Commission, adding that unilateralism is not good for federal policy and...

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Government announces Rs.50,000 crore overhaul of export tax refund scheme - Gireesh Chandra Prasad and Asit Ranjan Mishra

-Livemint.com * Scheme for remission of duties of taxes on export products will replace Merchandise Exports from India Scheme (MEIS) scheme, said FM * The new scheme which will benefit all products including textiles is more beneficial to the industry, the minister said at a briefing Finance minister Nirmala Sitharaman on Saturday announced a slew of measures including a new attractive scheme to refund the duties and taxes on exports that will replace...

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