-The Hindu In case you missed the Budget, here's a round-up. Affirming that the economy is right on track, Finance Minister Arun Jaitley presented the Union Budget for 2016-17. Citing that the CPI inflation has come down to 5.4% from 9 plus, he said it is huge relief for the public. Tax Infrastructure and agriculture cess to be levied. Excise duty raised from 10 to 15 per cent on tobacco products other than beedis 1 per...
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Modi government plans schemes for rural youth, women groups -Sanjeeb Mukherjee & Archis Mohan
-Business Standard To be announced in next few weeks and in coming Budget To widen its rural push and to counter the Opposition's allegation that the Bharatiya Janata Party (BJP)-led government is anti-poor, the Centre is mulling multiple interventions which would include expanding the role of women-driven self help groups (SHGs) and promoting self-employment for rural youth. Some official said the new crop insurance scheme, approved by the Cabinet recently is part of...
More »Modi hits out at ‘poverty alleviation industry’ -Puja Mehra
-The Hindu He stressed that his government seeks to roll out inclusive reforms that will lead to better lives for people and not just better headlines in pink newspapers. Prime Minister Narendra Modi on Friday said that India’s performance on all economic parameters, including inflation and foreign investments, is now better than when his government joined office 17 months back. Speaking at the Delhi Economics Conclave 2015, Mr. Modi stressed that...
More »Collateral-free loans offer hope to women -Sidhartha K
-The Times of India NEW DELHI: Until recently, Rajni, who lives in Tilak Nagar in west Delhi, used to work in a boutique. Now, she has decided to have her own setup, for which she has borrowed Rs 50,000 from Punjab National Bank. "I haven't decided whether I will take up a place or do it from home," she said. In Bawana, on the outskirts of Delhi, Kamla has taken a loan from...
More »₹1-lakh cr to be disbursed under MUDRA for micro-entrepreneurs -Shishir Sinha
-The Hindu Business Line Finance Minister meets bankers to set targets To promote very small businesses, the Centre aims to facilitate credit up to ₹1 lakh crore under the MUDRA scheme in the current fiscal. According to a senior government official, the credit facility issue was discussed at a meeting between the Finance Minister and bankers recently. It was proposed that for the current fiscal, the target under ‘Shishu’ category would be ₹40,000 crore,...
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