While players in the financial ecosystem are opening up to the idea of receivables funding for the sector, this market needs a regulator, which a Parliament panel feels only RBI can provide.
India is looking at near close to double-digit growth this year and the country will be one of the fastest-growing economies, Finance Minister Nirmala Sitharaman has said. The minister also emphasised that she expects the economic growth next year to be in the range of 7.5-8.5 per cent, which will be sustained for the next decade.
Now, the chief minister is under pressure to make good his promise after the December 4 incident in Nagaland's Mon, where 14 people were killedAFSPA has eclipsed all other achievements of the Biren Singh government.
The Padma Bhushan was conferred on 17 personalities including N Chandrasekharan, chairman of Tata Sons, Krishna and Suchita Ella of Bharat Biotech, Cyrus Poonawalla, Satya Nadella, chairman of Microsoft, Sunder Pichai, chairman of Google.
The experts said that climate change is not only raising temperatures and making India's heatwaves hotter, but also changing weather patterns that further drive dangerous weather extremes.
From the standoff with China to the government's response to the farmers' protest, Defence Minister Rajnath Singh holds a freewheeling talk.
India has called the remarks by foreign leaders on protests by farmers as "ill-informed" and "unwarranted" as the matter pertained to the internal affairs of a democratic country.
Monsoon is likely to be 96 per cent of the long period average
Earlier this week, the Centre cleared the decks for people from across the country to buy land in the union territory by amending several laws. Most shops, petrol pumps and other business establishments were shut in Srinagar, the summer capital of Jammu and Kashmir, the officials said.
Folk artist from Chhattisgarh Teejan Bai, Guelleh, Naik and theatre actor from Maharashtra Balwant Moreshwar Purandare will be honoured with Padma Vibushan.
Gadkari said that the MSME sector contributes significantly in pushing the country's economic growth and creating employment.
China on Tuesday announced a major policy change for its crisis-ridden power sector by allowing coal-fired power plants to charge their industrial and commercial customers market-driven prices. The National Development and Reform Commission (NDRC) of China said the electricity generated by coal-fired plants would discover price in market trading "in an orderly manner" from October 15. This is being done to pass on the high costs of coal and is being held up as the boldest reform in the Chinese power sector.
The finance minister has emphasised on the quick disbursal of additional loans to MSMEs, to simplify process, formats and documentation.
Earlier in the day, former India spinner Pragyan Ojha said the country knows how important farmers are and an outsider's opinion is not needed on an internal matter.
Agriculture Minister Narendra Singh Tomar on Monday replied in the negative when asked in the Lok Sabha if the government proposes to give compensation to the families of farmers who have died during the ongoing agitation against new farm laws.
India's agriculture ministry has identified a list of around 80 special products that should get tariff treatment as part of the World Trade Organisation's current Doha Round negotiations.
India and five Central Asian countries on Thursday decided to establish a joint working group on Afghanistan at the senior officials' level, ministry of external affairs secretary (West) Reenat Sandhu said.
Good monsoon is likely to create more jobs in the agriculture sector, which in turn could save the exchequer around Rs 10,000 crore
All eyes will be on what the prime minister says as his August 15 addresses have often been marked by big announcements, his government's achievements and bringing to people's attention what he believes to be the major challenges facing the country.
The Budget emphasises on capacity building and empowerment of marginalised sections of society including farmers.
India Meteorological Department has predicted deficient rains.
Currently, the retail inflation is well below the RBI's comfort level. The government has asked the central bank to keep inflation in the range of 4 per cent.
Agriculture and processed food exports dropped to a five-year low of $24 billion in 2015-16.
With rainfall and monsoons becoming highly unpredictable partly due to climate change and partly due to usual changes in weather patterns, it is such innovations by IMD which will help in planning better, reports Sanjeeb Mukherjee.
Opposition parties on Monday slammed the government for ignoring the interests of farmers and said funds allocated in the General Budget for agriculture ministry were not sufficient.
The decision to scrap the plan for landless workers and focus only on small and marginal farmers was made as there was no proper method to find out who qualify as landless labourers.
India's GDP estimates for 2020-21 show that the economy is expected to perform much better than earlier projections by different agencies, indicating a sustained V-shape post-lockdown recovery, experts said. The first Advance Estimates (AE) by the National Statistics Office (NSO) has projected a contraction of 7.7 per cent in the real GDP during 2020-21. This was better than the projections by certain international agencies like the IMF and World Bank.
The government is yet to set up a Joint Parliamentary Committee to look into the issues of farmers' suicides despite eight months having been passed since this proposal was agreed to in Parliament.
Last month, Prime Minister Narendra Modi had said that the economy is showing "green shoots" as the country emerges from the coronavirus lockdown and underscored the importance of being focussed on both life and livelihood.
The government allowed sugar companies and distilleries to make hand sanitizers using ethanol. Sugar companies supply ethanol to oil marketing companies for blending with petrol.
Amar Singh and Ram Dev, sons of Arjun Gopal alias Tshidawa, said their father had suggested the construction of the tunnel to the former prime minister.
In a three-page letter written to 40 farmer leaders, Joint Secretary in the Ministry of Agriculture and Farmers' Welfare Vivek Aggarwal said, 'I again request you that the government has been discussing all issues with open heart and good intention to end the protest, and will continue to do so. Kindly suggest a date and time (for the next round of talks).'
Prime Minister Narendra Modi will be reciprocating the reception he received from the Israeli PM during his visit last July, report Archis Mohan & PTI.
Suddenly for Union Agriculture Minister Sharad Pawar, sugar does not taste as sweet as it was.
Later, Sitharaman's office clarified that the FM had already met the industrialists, experts, and economists during the pre-budget consultations.
Canadian Prime Minister Justin Trudeau has said that he held a "good discussion" with his Indian counterpart Narendra Modi on many important issues, including on the two nations' commitment to democratic principles, recent protests, and the importance of resolving issues through dialogue.
The meeting will be attended by his council of ministers, including all ministers of state.
Airline told to transfer non-core assets, subsidiaries to special purpose vehicle
The annual earnings of a non-executive chairman of a PSB is capped at Rs 10 lakh, inclusive of fees for attending board meetings. This is way below the compensation of the chairman of any private bank, reveals Tamal Bandyopadhyay.
This is not her first stint in North Block or in leading a major economic ministry. She started Prime Minister Narendra Modi's first term as minister of state for finance, was made the commerce minister, and then became the defence minister.
