-The Times of India MUMBAI: Reserve Bank of India governor Urjit Patel has sounded the alarm on state governments waiving farm loans and has called for a consensus on eschewing them to avoid damaging the national balance sheet. Uttar Pradesh chief minister Yogi Aditya Nath recently announced a Rs 36,000-crore farm loan waiver, which could trigger copycat decisions by the Punjab and Maharashtra governments. "It undermines honest credit culture, it impacts credit...
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Rs 2 lakh limit not applicable on bank withdrawals
-PTI NEW DELHI: Ban on cash transaction in excess of Rs 2 lakh will not be applicable to withdrawals from banks and post office savings accounts, the income tax department said on Wednesday. Through the Finance Act 2017, the government has banned cash transactions of over Rs 2 lakh and said a penalty of an equal amount would be levied on the receiver. In a clarification on the newly inserted Section 269ST in...
More »Tough norms for NGOs seeking government funds -Dhananjay Mahapatra
-The Times of India NEW DELHI: Draft guidelines outlining stringent regulations intended to enhance accountability of lakhs of NGOs and voluntary organisations receiving nearly Rs 1,000 crore of government grants every year were submitted by the Centre to the Supreme Court on Wednesday . The guidelines may seem exhaustive for most NGOs and VOs as they said organisations wanting to get government funds must register afresh online with Niti Aayog's `NGO-Darpan' portal...
More »Millets can work magic on diabetes: Study -Ekatha Ann John
-The Times of India Chennai: From a humble crop that once satiated the poor to the base of a gourmet meal for the health conscious, millets have made a comeback. While flavours of the grain may vary to suit modern palates, a doctor's ideal recipe is still traditional. A research paper has documented this formula and tracked its impact on people with diabetes. The study, undertaken by M V Hospital for Diabetes, found...
More »2015 drought effect: Sugar yield sees worst fall in 10 years, prices set to rise -Bhavika Jain
-The Times of india MUMBAI: Even as the agriculture sector shows signs of recovery from the severe 2015 drought, the sugar industry is yet to get over it. The crushing season for 2016-17 has officially come to an end and it has recorded the lowest sugarcane crushing and production of sugar in the last 10 years. A total of 371.4 lakh metric tonnes of sugarcane was crushed in 147 mills across the...
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