-The Hindu Huge subsidy of 5 percentage points being leveraged. Pointing to a possible diversion of subsidised funds meant for farmers to non-agricultural uses, a research paper by the Indian Council for Research on International Economic Relations (ICRIER) has found that the crop loans extended in India are in fact close to exceeding the total expenditure on farm sector inputs. In 2012-13, the aggregate short-term credit — provided primarily to finance the purchase...
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Delhi sees 13.5% rise in per capita income
-PTI NEW DELHI: Delhi's per capita income during financial year 2014-15 has increased to Rs 2.41 lakh from Rs 2.12 lakh in the previous fiscal, a rise of nearly 13.50 per cent over the period. Besides, the per capita income of the national capital is almost three times its value for the country, which stands at Rs 87,748, according to Economic Survey of Delhi 2014-15 tabled in the Delhi Assembly on Wednesday. As...
More »‘Housing for all’ Shelter scheme to exclude rental plan -Shalini Nair
-The Indian Express As per the earlier proposal, the Centre was to provide for 75 per cent of the construction cost of rental units. As Prime Minister Narendra Modi unveils the ‘Housing for All’ by 2022 on Thursday, rental housing, proposed with an outlay of Rs 6,000 crore, will now be missing from the NDA government’s flagship shelter mission. According to officials, the mission originally had provisions for creation of urban rental...
More »₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha
-The Hindu Business Line Finance Minister meets bankers to set targets To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal. According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently. It was proposed that for the current fiscal, the target under ‘Shishu’ category would be ₹40,000 crore,...
More »Cash demand from LIC baffles activist -Gautam Sarkar
-The Telegraph Bhagalpur: An unusual demand of Rs 2 lakh by an insurance company in lieu of providing information to one Right to Information (RTI) activist from Bhagalpur has left the crusader in the lurch. Ajit Kumar Singh, the RTI activist, had sought information from the Life Insurance Corporation (LIC) of India about the details of implementation of a scheme, mainly aimed at the economically weaker sections and also about the works...
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