-Business Standard Plugs Rs 5,060 crore of LPG subsidy parked with 21 million, largely fake customers The enrolment of beneficiaries under the ambitious modified Direct Benefits Transfer for LPG (DBTL) scheme has finally stopped at 128.7 million people, oil ministry, data show. This translates into annual subsidy savings for the government to the tune of Rs 5,060 crore at the current prices that was linked to the rest 21.3 million customers. These include...
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In India, a devastating harvest season for northern farmers puts lives at risk -Ritu Sharma
-UCANews.com Some farmers mull abandoning generations of farming for more reliable jobs Devinder Bhardwaj was hoping for a bumper crop on his modest four-acre (1.6 hectare) plot of land. The profits from selling his wheat in the market, he hoped, would provide a much-needed injection to his family’s savings. But this year, unseasonal rains and hailstorms washed away his plans. “The whole crop was under water due to the rains. Not even a...
More »Nabard Can Help Weather Rural Financial Distress -Charan Singh
-The New Indian Express The financial distress in the rural sector, especially borne by the farmers and reflected in farmer suicides, is a matter of concern for the nation. The rural economy housing nearly two-thirds of the population is vital for the development of the nation as it not only supplies food for consumption but also provides a market for industrial output. The rural people, due to lack of awareness of...
More »Approval to comprehensive New Urea Policy 2015
-Press Information Bureau/ Cabinet The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi, today gave its approval to a comprehensive New Urea Policy 2015 for the next four financial years. The Policy has multiple objectives of maximizing indigenous urea production and promoting energy efficiency in urea units to reduce the subsidy burden on the Government. Savings in energy shall reduce the carbon-footprint and would thus be more environment friendly....
More »Too early to say deficit monsoon to hit rural lending -Abhijit Lele
-Business Standard A clear picture is likely to emerge only towards the end of June Mumbai: Rural distress owing to heavy unseasonal rains in March and the prospects of less-than-normal monsoon have made bankers “a cautious lot” at the start of this financial year. However, it is too early to conclude that the impact of rains, or the lack of it, would be bad. According to public sector bank executives, the assessment for...
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