-The Financial Express NBFCs are at the forefront of financing many of the affected sectors, notably small road transport operators, taxi aggregators, infrastructure contractors, MSMEs, traders etc. After banks wrote to the regulator asking for moratorium on corporate repayments, their non-banking counterparts have sought a three-month moratorium on equated monthly instalment (EMI) payments by their customers as much of the country goes into lockdown mode. Non-banking finance companies (NBFCs) are also asking...
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Small, marginal farmers hit hard by poor paddy procurement in Bihar -Mohd Imran Khan
-Down to Earth Govt agencies have procured hardly 11 per cent of targeted procurement of paddy since November 15 last year Small and marginal farmers in Bihar are unhappy and worried by the state government’s poor procurement of paddy. The slow speed of paddy procurement that started in Bihar on November 15, 2019, has forced farmers to sell their crop to traders and agents of rice mills, according to reports from districts. The government’s...
More »Budget 2020-21: Govt to announce Rs 10,000-crore 5-year plan for FPOs -Prabhudatta Mishra
-Financial Express Budget 2020: The direct budgetary aid would be in the form of a grant equivalent to the equity capital of each FPO. Budget 2020: The government will likely announce a five-year scheme in the upcoming Budget, entailing a total support —both budgetary and indirect —of Rs 7,000-10,000 crore to honour its pledge of creating 10,000 farmer producers’ organisations (FPOs) and help boost their agricultural income. The direct budgetary aid would be...
More »When farmers turn to play the market -Parthasarathi Biswas
-The Indian Express Between September and December, when retail onion prices soared from around Rs 30 to Rs 100-plus per kg (they have since fallen to Rs 50 or so), Paswan has similarly urged state governments through Twitter to “act” against alleged hoarders of the bulb. On January 7, Union Consumer Affairs minister Ram Vilas Paswan took to Twitter, to issue a stern warning to “hoarders”, whom he blamed for “creating artificial...
More »Malaysia concerned by India palm oil import curbs but to speak against New Delhi's actions: Mahathir Mohamad
-PTI * Mahathir said Malaysia may now need to find another solution after the boycott of its palm oil by Indian palm oil refiners and traders * India, the world's largest importer of vegetable oils, buys nearly 15 million tonnes annually KUALA LUMPUR: With India restricting the import of refined palm oil that has hit Malaysia, Prime Minister Mahathir Mohamad on Tuesday said he was concerned about it but that would not stop...
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