-The Hindu Rabi marketing season kicks off in Punjab Saturday but, until Thursday, the state and central governments had been locked in a tussle over the mode of payment to farmers. Chandigarh/New Delhi: A “threat”, some fireworks, and a concession — it was after a super-charged two-hour meeting between its ministers and Union Consumer Affairs, Food and Public Distribution Minister Piyush Goyal Thursday that Punjab finally agreed to introduce Direct Benefit Transfer...
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RBI sanctions Rs 21K crore: Punjab gets CCL for wheat procurement
-The Indian Express The Central government has fixed the Minimum Support Price (MSP) of wheat at Rs 1975 per quintal, hiking it by Rs 50 from last year’s Rs 1925 per quintal. Chandigarh: Ahead of the wheat procurement that starts from April 10 in the state, the Reserve Bank of India (RBI) on Monday cleared a sum of Rs 21,658.73 crore towards Cash Credit Limit (CCL) up to end April, 2021 for...
More »Centre tells worker welfare boards not to distribute items, stick to DBT
-The Hindu Aid to be transferred to bank accounts The Centre has ordered State welfare boards for building and other construction workers (BOCW) not to distribute household and other articles to workers and instead stick to transferring monetary assistance into their bank accounts. The Labour and Employment Ministry said in a statement on Thursday that it issued an order to States on Monday directing the boards not to distribute articles. The BOCW boards...
More »PM-KISAN: Agriculture ministry tells Parliament Rs 23,727 crore yet to be used -Shagun Kapil
-Down to Earth Rs 2,326.88 crore of Rs 139,370.15 crore was disbursed to those ineligible for the scheme; Rs 231.76 crore has been recovered The Union government was yet to spend Rs 23,727 crore of the Rs 139,370.15 crore it has allocated for Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) since its inception in February 2019. The amount is around 17 per cent of what was to be disbursed under the Direct Benefit Transfer...
More »Banks red-flag: Loans to street vendors in pandemic turning NPAs -Sandeep Singh and Sunny Verma
-The Indian Express Launched in June to help vendors amid the pandemic, the PM SVANidhi scheme is a micro-credit facility that provides street vendors a collateral-free loan of Rs 10,000 at concessional rates of an estimated 7.25%. After being nudged by municipalities to step up loan disbursements under the PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi) programme, banks are writing back to report that many of these collateral-free loans are turning into...
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