-PTI The Centre will consult state governments early next month to set up a mechanism for protecting farmers' income when market prices fall below the minimum support price (MSP), Agriculture Secretary S K Pattanayak said today. A model law is also being prepared to ensure tenant cultivators get institutional credit and interest subsidy, he added. "We will call a meeting of state governments early next month to discuss a mechanism so that farmers...
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2019 on mind, worried Centre calls meeting to address farm distress
-The Times of India NEW DELHI: The Centre has called a two-day national conference on February 19-20 to discuss farm distress and find a permanent solution. Prime Minister Narendra Modi will attend the valedictory round on the second day and review the suggestions emerging from the brainstorming. The conference will be inaugurated by agriculture minister Radha Mohan Singh at the Pusa complex. In April, the ministry will call a meeting of...
More »Centre pushes Rs 6,000cr plan to tackle water depletion -Vishwa Mohan
-The Times of India NEW DELHI: Fast depleting ground water in nearly 30% of the assessed blocks in the country has pushed the Centre to fast-track its Rs 6,000 crore ambitious plan aimed at efficient management of available water resources and strengthening of recharge mechanism through community participation. Half of the total cost of this central scheme, named Atal Bhujal Yojana, will be supported by the World Bank as loan while the...
More »Why the fuss about fiscal deficit? -Aarati Krishnan
-The Hindu The answer lies in the fragile state of the Centre’s finances, and its control over interest, pension and subsidy expenses To any layman watching India’s annual Budget jamboree, the entire exercise must seem very puzzling. After the Finance Minister has read out a long list of giveaways to farmers, small businesses, low-income earners and senior citizens in his speech, none of the beneficiaries seems entirely happy with their gifts. Commentators, after...
More »15 months after demonetisation, RBI still processing returned notes
-PTI RBI said in the report, for the year ended June 30, 2017, that only Rs 16,050 crore of the Rs 15.44 lakh crore in old high denomination notes had not returned The RBI has said that Rs 500 and Rs 1,000 notes, returned to banks when the government demonetised high-value currency 15 months ago, are still being “processed for their arithmetical accuracy and genuineness”. This is being done in an...
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