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Direct transfer, 2 lakh sale points: Big fertiliser subsidy reform rollout in June -Harish Damodaran

-The Indian Express Under the proposed system, payment of subsidy is to be based on weekly settlement of claims from actual sales data captured on POS machines. Buoyed by its landslide win in the recent Uttar Pradesh assembly elections, the Narendra Modi government has decided to fast-track the implementation of the direct benefit transfer (DBT) system for payment of fertiliser subsidy to farmers. From the coming kharif season, beginning June, the Rs...

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Agriculture ministry keeps Bt cotton seed prices unchanged for Kharif season -Sayantan Bera

-Livemint.com An agriculture ministry notification issued last week said the maximum sale price of BG-II Bt cotton will be Rs800 per 450gm packet of seeds New Delhi: After a reduction in the retail price and royalty fees of genetically modified (GM) Bt cotton seeds last year, the agriculture ministry has kept prices unchanged for the upcoming Kharif crop season. According to a notification issued by the farm ministry on 10 March, maximum sale...

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Database limited, more complete information by next year: Chief Statistician TCA Anant -Aanchal Magazine & Anil Sasi

-The Indian Express On the credibility of quarterly data releases, Anant underlined “it is a careful statistical exercise” and that in many areas, “more complete information would be available in many ways by next year”. Facing criticism that GDP growth estimates by his office of 7 per cent for the third quarter ending December 2016 sharply overshot most projections — even those in the Economic Survey and by the RBI — India’s...

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Demonetisation brings digital dividend to Kerala, 14,500 ration shops to get e PoS machines -M Sarita Varma

-The Financial Express Thiruvananthapuram: Ration shops in Kerala are readying to go the ATM way soon. As many as 14,500 ration retail shops in Kerala will soon be equipped with electronic point of sale (ePoS) machines, which would work as micro-ATMs. The Kerala State IT Mission has been asked to hasten a connectivity survey in rural areas to ensure uninterrupted internet connection, before introducing micro-ATM facility at all fair-price shops. Although the...

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Rs 1 lakh crore: fall in bank credit growth in fortnight after Nov 8 -George Mathew

-The Indian Express Banks are now caught in a dilemma even as they stare at a decline in loan growth — considering the surge in deposits since November 9. Mumbai: Struggling to cope with bad loans and the aftermath of the demonetisation decision, Indian banks have taken a hit on lending. Loan growth plunged by Rs 1 lakh crore in the fortnight that ended November 25, according to estimates. According to...

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