We are growing at over 7% and you cannot accelerate growth with many Indians in the BPL category, Kant
The Dollar Business Bureau India needs to accelerate its economic growth, and in order to materialise it, the country must lift vast number of people out of poverty, Niti Aayog CEO Amitabh Kant said on Wednesday. "We are growing at over 7 per cent. We need to accelerate growth...The real challenge is that you cannot accelerate growth rate if vast number of people are living below poverty line," he said when speaking at the Tata Trusts, Tech 4 Transformation conference. Laying importance on the power of innovation and harnessing the power of technology, he said, ‘India has become integral part of the global supply chain and to maintain the rapid acceleration of growth, we must focus on social sectors like education and healthcare.’ He ...
Fertiliser companies to get subsidy after retail sale via PoS
The Dollar Business Bureau Inching closer to launch the direct benefit of transfer (DBT) scheme in the fertiliser sector, the Government has taken a decision that from June onwards fertiliser subsidies will be paid to the manufacturers post-sale of soil nutrients through point of sale (PoS) machines at the retail stage. The step will help in reducing the bill for fertiliser subsidy of the government by around 20% through plugging leakages and diversion. The Central government has provided more than Rs.70,000 crore as payment for subsidies in the current fiscal. Currently, the payment of subsidy is made to manufacturers after they provide the dispatch-from-plant or receipt -at-district. “From the kharif season this year, the subsidy will be transferred to the company the moment fertiliser gets sold via the point ...
Canada can help us develop affordable innovations in child care: Minister
The Dollar Business Bureau Developing affordable innovations to mitigate disease burden is a major challenge for India and partnering Canada allows us to tap into our combined capacity and strength to find solutions for disease control and improved maternal and child care, said Dr Harsh Vardhan, Union Minister for Science & Technology & Earth Sciences, reported a PIB release. The Minister was reacting after the Department of Biotechnology (DBT), Ministry of Science and Technology, Government of India entered into a partnership with Grand Challenges Canada (GCC), funded by the Government of Canada to partner and invest US$ 2.5 million in health innovations in India. The innovations will be focusing on maternal, new born and child health and Visceral Leishmaniasis ...
