Modi defends monetisation scheme, promises cheaper loans to poor
The Dollar Business Bureau Amidst the ongoing fiasco following the announcement of demonetisation scheme on November 8, Prime Minister Narendra Modi on Sunday claimed that almost Rs.5 lakh crore were deposited into banks that will soon start distributing loans at cheaper interest rates. Laying stress on the fact that the government wasn’t “obstinate” about implementing the latest scheme, Modi said he had promised in his speech that he will regularly evaluate the scheme, and improve it if needed, and one of the main agendas is to give financial flexibility to the poor, as well as providing housing to the poor in rural areas by 2022. Modi said that the scheme has given a grievous blow to the rich and in turn will have a positive impact on the poor ...
Budget forecasts a positive growth for textile industry
In the previous years budget there was an applicable duty on cotton yarn. However, the Govt made it a point in this budget, to announce that duty on cotton yarn was made nil, saysKavita Gupta, Textile Commissioner, GoI Aadhira Anandh | The Dollar Business Kavita Gupta, Textile Commissioner, GoI The Union Budget of 2016-17 has come as a relief for the textile industry. The basic customs duty on fibers was reduced from 5% to 2.5%. Similarly, there is no mandatory duty imposed on cotton yarn. In the previous years budget there was an applicable duty on cotton yarn. However, the Govt made it a point in this budget, to announce that duty on cotton yarn was made nil. This years budget has recognised the ...
Union Agriculture Minister reviews efforts made to face deficient monsoon
Source: PIB, Government of India Radha Mohan Singh, Union Agriculture Minister on Friday, took a review meeting of the efforts being made since April to face the deficient monsoon. Sanjeev Balyan, Minister of State for Agriculture was also present. The meeting was attended by the senior officers of Agriculture Ministry including Secretary, Department of Agriculture and Cooperation, Secretary, Department of Animal Husbandry, Secretary, ICAR, Secretary, Ministry of Power, Officers of Ministry of Water Resources, Ministry of Rural Development, Ministry of Fertilizers, Secretary, NDMA, Officers from Indian Meteorological Department (IMD) also attended the meeting. The meeting reviewed the latest monsoon predictions in June given by the IMD. Accordingly to these predictions the North West area will receive 85% rainfall, which is little ...
