On average, an account-holder among Punjab farmers availed of crop loans of around Rs 2.23 lakh in the first 11 months of 2016-17.
Farmer leaders participating in the 'Delhi Chalo' agitation on Friday said the cremation of Shubhkaran Singh, who died amid clashes between Haryana Police and Punjab farmers, will not take place till the Punjab government registers a case against those responsible it.
The government had announced a waiver of over Rs 60,000 crore (Rs 600 billion) in advances to farm sector as a one time measure in the budget of 2008 following stress in the rural sector.
Per capita income in the state has consistently been below the national average for at least 24 years. However, it has narrowed the gap with the all-India level in recent years.
SBI's move may not have moved the farmers, who had stopped paying their monthly installments ever since Finance Minister P Chidambaram announced a Rs 60,000-debt waiver plan, but it did create a furore in political circles. Finally, Chidambaram, by his own admission, had to intervene and get SBI to roll back the move. For the 57-year-old SBI chief, who has earned an unprecedented five-year term, it proved to be a rare instance of being 'misunderstood'.
NSE also said it will not charge any transaction fees on trade in interest rate futures for one more year.
Economists at the country's largest lender SBI on Wednesday said they see Q2 real GDP growth slowing down further to 6.5 per cent in the September quarter of this fiscal year. Amid concerns over the country's economic growth rate and if it is slowing down, the analysts said they expect FY25 growth to come "closer to" 7 per cent. It can be noted that the April-June period saw the real GDP expanding by 6.7 per cent, the lowest in 15 quarters.
Union Agriculture Minister Arjun Munda on Tuesday said a law guaranteeing minimum support price (MSP) on crops cannot be brought in a hurry without consulting all stakeholders and urged the protesting farmer groups to have a structured discussion with the government on the issue.
A team of three Union ministers will hold talks on Monday with a delegation of farmer leaders, who are planning to march towards Delhi to press for their demands.
The Interim Budget highlights the focus on aam aadmi in the development process. The year 2008-09 has seen substantial increase in outlays spanning across sectors.
Kumaraswamy met representatives of farmers groups and progressive peasants to discuss the problems faced by them.
With the general elections due in 2009, lenders to farmers will get cash compensation of Rs 40,000 crore (Rs 400 billion) -- or almost 70 per cent of the waiver package -- in 14 months from July this year. Farmers whose debt is waived will become eligible for fresh credit after June 30, by which time the relief package will have been completed.
Announcing the measures, Finance Minister P Chidambaram said the Reserve Bank of India had agreed to release Rs 25,000 crore immediately to lending institutions.
Today, the finance minister received another oblique suggestion for the budget, though it is uncertain how he can accommodate it in his budget speech, which is already under printing in the basement of North Block. This was from Congress general secretary Rahul Gandhi, who met Prime Minister Manmohan Singh with some young Members of Parliament from his party for a 'stock-taking exercise' on the National Rural Employment Guarantee Programme.
'The prime minister's comment on 'revdi culture' was welcome. But I am disappointed he did not follow up on that.' 'All political parties, including the BJP, have been guilty of this.' 'Now, Modi's guarantees, the Congress's 'nyay' path and both ruling and Opposition parties are vying with each other for freebies in my home state Andhra Pradesh.'
The praise for peasants, most of whom are subsistence farmers, comes ahead of general elections due in a few months. The minister presented statistics to hard-sell the government's initiatives to prop up the agriculture sector and improve the conditions of roughly about 60 per cent of the country's population depending upon it.
China is using its growing trade power to enhance its global influence, especially in Africa, Latin America and Asia, where it is perceived as an all-weather friend. Since opening up its economy in 1978, China's foreign trade has been growing by leaps and bounds.
The Supreme Court on Wednesday said the Centre should implement "as soon as possible" the interest waiver on loans of up to Rs 2 crore under the RBI's moratorium scheme in view of the Covid-19 pandemic, saying the common man's Diwali is in the government's hands.
He said farmers need to get good remunerative price for their produce.
A panel of Union ministers held a fourth round of talks with farmer leaders in Chandigarh on Sunday over their demands, including a legal guarantee of MSP, as thousands of protesting farmers camped at the Punjab-Haryana border.
He requested Prime Minister Narendra Modi to make an announcement that the farm loans would be waived, while a mechanism for the same could be worked out later.
Decision on additional Rs 2 lakh debt at 7% rate shortly.
The Haryana Police on Wednesday fired tear gas shells to disperse farmers from Punjab at Shambhu and Khanauri border points as they tried to move towards barricades stalling their protest march to Delhi.
'It is not just the US and European opportunity, but it is a huge global opportunity.'
The 'kisan mahapanchayat' will be held to press for a legal guarantee on the minimum support price, the SKM, an umbrella body of farmers' union, had said last month.
He now claims that his submission before the SC was that petitioners in the application used "photocopies of the original" papers, deemed secret by the government.
Students rescued from Ukraine face an uncertain future due to their inability to complete their education and also run the risk of falling into a debt trap as they may find it difficult to repay education loans, Congress MP Kodikunnil Suresh said.
Farmer leader and Lok Sabha member Raju Shetti, who participated in the talks, said he was happy that their demands had been met.
'Some farmers know when elections are due.' 'Before that, they take loans.' 'They then ask their farmer unions for loan waivers and the political party who shouts first about a loan waiver (gets the votes).'
A 21-year-old farmer was killed and a few others injured following a clash between security personnel and protesting farmers at Khanauri on the Punjab-Haryana border.
However, finding the funds to fulfill them will be a herculean task.
Banerjee had last week sought an appointment with Modi.
Every young diploma and degree holder in the country will have the right to apprenticeships in the private and government sectors, he said.
Farmers leaders taking part in the 'Delhi Chalo' agitation on Monday rejected the Centre's proposal of procuring pulses, maize and cotton at MSP by government agencies for five years, saying it was not in farmers' interest and announced that they will march towards the national capital on Wednesday.
The airline has proposed to raise authorised share capital to Rs 2,200 crore. This would comprise Rs 680 crore of equity capital and Rs 1,520 crore of preference share capital.
The opposition would push for the passage of the two bills -- the farmers' freedom from indebtedness bill and the farmers' right to guaranteed remunerative minimum support prices for agriculture commodities bill -- in the Rajya Sabha
Telecom operator Bharti Airtel reported more than 2.5 times jump in its consolidated profit to Rs 4,160 crore in the April-June quarter of 2024-25 compared to the year-ago period driven by an improvement in average revenue per user and an exceptional gain of Rs 735 crore. The company had posted a profit of Rs 1,612.5 crore in the same period a year ago. The consolidated revenue from operations of Bharti Airtel increased by 2.8 per cent to Rs 38,506.4 crore during the reported quarter from Rs 37,440 crore in the June quarter of the last year.
'We need to be far more careful given the fact that while this is group lending, it's essentially unsecured.'
The initiative would provide double the relief announced by the states of UP and Maharashtra, the Punjab CM said.
