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11 measures, but most in the works for a few years, part of Modi govt Budgets -Harikishan Sharma

-The Indian Express Out of the 11 announcements, three concern governance and administrative reforms, including amendment of the Essential Commodities Act (ECA), 1955, and agriculture marketing reforms through a Central law. New Delhi: Union Finance Minister nirmala sitharaman Friday announced 11 measures for the agriculture sector as part of the third trench of the government’s Rs 20 lakh crore Covid-19 relief package. However, most of these measures are either in place already...

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Big beneficiaries of Tranche IV stimulus: Adani, Vedanta, Tata Power, Anil Ambani's Reliance -Nevin John

-BusinessToday.in Finance Minister nirmala sitharaman's reform announcements related to coal, aviation, power sectors will suit these players * Adani Power, Tata Power, JSW Energy, Reliance Power will lock horns in the bid for thermal coal blocks * Existing captive users like Tata Power, Reliance Power, Tata Steel must bid at regular intervals to retain mining licence * Adani Enterprises Ltd had recently emerged as the highest bidder for six airports * Adani bought the Mumbai...

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Most small farmers outside formal credit system. Sitharaman’s announcements won’t help them -Shoumitro Chatterjee and Mekhala Krishnamurthy

-ThePrint.in An RBI report says that despite numerous existing initiatives, at most 40 per cent of India’s small and marginal farmers are covered by formal credit. There is no doubt that agricultural credit is a critical element of both agricultural production and marketing across India. However, during a period of acute crisis, the government needs to bank on channels that are relatively robust and far-reaching. Unfortunately, especially when it comes to small...

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Demand first, please, and then loans -Devadeep Purohit

-The Telegraph 'Wish there were announcements on government spending' Kolkata: Like many Indians, a young businessman keenly awaiting the fine print of Prime Minister Narendra Modi’s Atmanirbhar Bharat Abhiyan (Self-reliant India Mission) placed himself before a television screen around 4pm on Wednesday. The businessman did not have to brush up his language skills to understand finance minister nirmala sitharaman but he came away with a sense of déjà vu. “I heard that I will...

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Government outlays plan for credit boost to agriculture sector -Shayan Ghosh

-Livemint.com As announced by finance minister nirmala sitharaman, 25 million farmers who do not have a Kisan Credit Card will now be able to avail concessional credit The government on Thursday decided to boost the flow of credit to the agriculture by attempting to bring more farmers under the Kisan Credit Card (KCC) scheme and through an additional outlay for farm loan refinance. As announced by finance minister nirmala sitharaman, 25 million farmers...

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