-The Times of India JAIPUR: Across the country, payments worth Rs 9,124 crore are yet to be paid for work done in the 2016-17 financial year under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). This comes at a time when Prime Minister Narendra Modi has created incentive schemes for rewarding those using the digital payment platform. Only days ago, 20-year-old Maharashtra student Shradha Mengshette was surprised to win Rs1...
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CAG protests refusal of access to GSTN data -Pradeep Thakur
-The Times of India NEW DELHI: The Comptroller and Auditor General (CAG) has protested with the finance ministry against the Goods and Services Tax Network (GSTN), a special purpose vehicle majority owned by private companies, refusing to give access to taxpayers data on its network for scrutiny and audit. The GSTN is a private limited company floated to aid the rollout of the new indirect tax regime. The company will provide information...
More »Note ban effect: Debit cards preferred over credit cards, account for 60% of card spend -Mayur Shetty
-The Times of India MUMBAI: Debit cards have conclusively displaced credit cards as the primary mode of payment in the country following demonetisation. Until October last year, despite outnumbering credit cards by a factor of more than 25, debit cards accounted for only 42% of the total card spend. This has jumped to 60% after demonetisation, which was announced on November 8, 2016. The change is largely driven by small public sector...
More »India's February WPI inflation firms up to 6.55% -Raj Kumar Ray
-Hindustan Times India’s wholesale price index-based inflation flared up to two-and-a-half years high of 6.55% in February from 5.25% in January mainly due to a spurt in mineral and fuel prices while food prices started rising following rapid remonetisation. The spurt in WPI inflation adds to the worries of a pent up demand after demonetisation which may prompt Reserve Bank of India to keep policy interest rates unchanged for some more months. The...
More »Tamil Nadu to promote dryland farming under cluster mode
-The Times of India CHENNAI: The Tamil Nadu government has launched a major initiative to promote dry land farming in cluster mode, focusing on improving production and productivity of millets, pulses and oilseeds in rain-fed agricultural fields, which remain by and large unused. The scheme, rolled out through a government order on January 27 is worth Rs 803 crore and aims at water conservation, promoting mixed farming, mini-dairy and poultry units to...
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