Govt asks NABARD to release Rs.21k cr to help farmers
The Dollar Business Bureau (sourced from PTI) Government has allowed NABARD to disburse Rs.21,000 crore to cash-starved farmers, helping them sow winter crops like wheat ahead of the sowing season, Economic Affairs Secretary Shaktikanta said today. The government's demonetisation move, which swept away 86% of currency in circulation, has badly hit farmers leaving them without cash just ahead of the sowing season. Das said the National Bank for Agriculture and Rural Development (NABARD) will disburse the money to farm cooperatives for onward payments to farmers. "NABARD, for the facility of agricultural operations in the current rabi season and especially for the benefit of farmers, has sanctioned a special limit of Rs.21,000 crore to district central cooperative banks," he told reporters here. More than 40% small and ...
Exchange limit now halved to Rs.2000
The Dollar Business (Sourced from PTI) The Govt seems to have finally taken cognisance of the fact that among those standing in the long queues before ATMs and banks, there are many who have immediate and urgent expenses. Farmers, families who have marriages planned soon, can now breathe easy as the government on Thursday eased restrictions on cash withdrawal by them. But the exchange limit has been halved to Rs 2,000 by the Govt. Economic Affairs Secretary Shaktikanta Das said families preparing for a wedding can withdraw up to Rs. 2.50 lakh from their bank account giving PAN details and a self-declaration. However, with effect from tomorrow individuals can exchange invalid 500 and 1,000 rupee notes totalling Rs 2,000, as against ...
Government sets up CCFCs at ports to expedite customs clearance
Source: PTI The government has set up Customs Clearance and Facilitation Committees (CCFCs) at ports to ensure expeditious customs clearance of goods to improve ease of doing business for traders. “Ease of doing business: Customs Clearance and Facilitation Committees in ports bringing in systemic improvements. It’s a recent initiative,” Revenue Secretary Shaktikanta Das said in a tweet. It will facilitate trade at all the major customs seaports and airports. Welcoming the move, exporters body Federation of Indian Export Organisations (FIEO) said the move will help in getting faster clearances from different agencies. “Traders take clearances from different agencies for exports and imports. These committees will help in resolving matters related to clearances. Any delay in this process impacts traders,” FIEO ...
