The Maharashtra government has transferred Rs 17,505.90 crore into the bank accounts of 2.38 crore women beneficiaries under its Ladki Bahin Yojana till December 2024, in the first five months after the scheme was launched. The scheme, launched in August 2024, provides financial assistance of Rs 1,500 per month to eligible women. The objective of the scheme is to promote employment and economic development by providing adequate facilities to women and girls in the age group 21 to 65 years. The scheme aims to promote the empowerment of women and girls and improve the health and nutritional status of women and children dependent on them.
The co-operative banking sector is well regulated, and a few cases of restrictions being imposed by the Reserve Bank of India (RBI) should not paint a negative picture of the entire sector, said Department of Economic Affairs (DEA) secretary Ajay Seth on Monday. "Co-operative banks in the country are generally quite robust, and the RBI takes regulatory action whenever issues arise.
On October 2, the government will roll out the comprehensive plan in 10 districts. The ministry has had a series of discussions with the National Institute of Rural Development, which is to be the nodal body for overseeing the convergence of all rural schemes.
Official death toll due to the cyclonic storm has been pegged at 21, nearly 12 million people affected.
The UPA government's flagship programme under the National Rural Employment Guarantee Act that proved to be a vote churner for the Congress in the Lok Sabha elections is being expanded to cover the rural artisans like masons and carpenters. So far only manual work was available to those seeking employment under the Act.
'Don't let anyone tell you that you can't do something just because it hasn't been done before. Take that first step. Keep learning. Believe in yourself even when no one else does.'
Corporate bond issuances fell by around 22 per cent in August, despite easing yields as issuers delayed raising funds awaiting the US Federal Reserve to start cutting interest rates from this month. Corporates and financial institutions expect yields to fall further and borrowing costs to become cheaper, said market participants. The US Fed is widely expected to cut interest rates by 25 bps in the 17-18 September meeting, marking the start of a downward interest rate cycle.
'The scrapping of import duty would help Indian companies compete in international markets, thus paving the way for India becoming a space manufacturing hub for the world.'
The Supreme Court of India has upheld a Bombay High Court order reinstating a woman as the sarpanch of a Maharashtra village, stating that bureaucrats cannot be allowed to "frustrate grassroot democracy." The court criticized instances of bureaucrats misbehaving with elected representatives and attempting to disqualify them by reopening old cases. The case involved Kalavati Rajendra Kokale, whose resignation from the sarpanch's post was withdrawn, but the Raigad district collector declared a vacancy and conducted a fresh election. The court found the collector's actions illegal and upheld Kokale's reinstatement, highlighting the importance of respecting the democratic process and elected representatives at the grassroots level.
Following the lacklustre growth numbers in the second quarter (Q2FY25), economists believe the upcoming Union Budget for 2025-26 should focus on reforms that will stimulate consumption, manufacturing and spur employment. India's growth unexpectedly slowed to 5.4 per cent in the second quarter, due to low capital formation, weak consumption, besides adverse weather impact.
AzaadiSAT had around 75 small payloads developed by schoolgirls of 75 rural schools.
Kirodi Lal Meena has resigned as a minister in the Rajasthan government following the Bharatiya Janata Party's underwhelming performance in the Lok Sabha polls in the state.
Tilak Varma and Pratham smashed centuries as India A dominated the third day of their Duleep Trophy match against India D.
The poverty ratio in rural areas dropped to nearly half between 1983 and 1999-2000. The proportion of the rural population living below poverty line, estimated at 45.65%, has come down to 27.1% in the terminal year of last century.
The national selectors want all the players to be available for the Duleep Trophy ahead of the two Test series against Bangladesh next month.
It will be interesting to see what shifts have been recorded in the last decade-and-a-half -- from the effects of demonetisation and Covid's second wave to the drop in fertility and increase in farm workers -- but we will only know this if and when the Census is conducted, points out Aakar Patel.
Gadkari is credited with the construction of more than 90,000 km of national highways and 30,000 km of new roads in the country in the last 10 years.
Adani Ports, NTPC, Infosys, Hindustan Unilever, HCL Technologies and Sun Pharma were among the other big gainers. However, Larsen & Toubro, Bajaj Finance, State Bank of India, Axis Bank and HDFC Bank were amonh the major laggards.
Job creation, improving farm productivity, and mobilising public funds for infrastructure development were some of the issues that figured during the interaction between Prime Minister Narendra Modi and economists ahead of the 2025-26 Union Budget. The prime minister on Tuesday met eminent economists and sectoral experts at NITI Aayog to hear their views and suggestions for the upcoming Budget. Union Finance Minister Nirmala Sitharaman is scheduled to present the Budget for 2025-26 in the Lok Sabha on February 1, 2025.
The opposition party's remarks come after Bihar ministers claimed that the latest report of NITI Aayog's Sustainable Development Goals (SDG) India Index 2023-24 vindicated the state's long-standing demand for greater central financial assistance.
A massive outlay of Rs 11,000 crore (Rs 110 billion) has been earmarked this financial year for laying of rural roads, a key component under Bharat Nirman programme.
The Sanjauli area was choked as the protesters took out a march. The area teemed with hundreds of demonstrators, several of whom carried Hindu religion insignia, such as saffron flags and banners bearing Lord Ram's image and the protesters demanded demolition of the illegal mosque in 15 days.
In a significant policy shift aimed at boosting agri-productivity and rural prosperity, Finance Minister Nirmala Sitharaman on Saturday announced six new agricultural schemes while increasing the subsidised Kisan Credit Card loan limit to Rs 5 lakh from the existing Rs 3 lakh, benefiting 7.7 crore farmers, fishermen, and dairy farmers.
Automobile, apparel and electronics are among sectors that see a sales boost during the festival season, a time when investors expect gains in related stocks. This year could be different: Analysts have factored in all positives and do not expect such stocks to deliver lucrative returns. "Indian households spend across sectors like automobiles, consumer durables, and consumer staples during the festival season.
Trinamool Congress general secretary Abhishek Banerjee and several other party leaders were detained on Tuesday night as they held a dharna at the Union Rural Development Ministry office in New Delhi demanding a meeting with the minister and released around three hours later.
Commercial banks have turned cautious in lending to smaller microfinance institutions (MFIs), which has compelled the latter to borrow from non-banking financial companies (NBFCs) at much higher rates. Recently Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao slammed micro lenders for increasing their margins "disproportionately" and said these lenders were quick to pass on the increased cost to the borrowers but reluctant to pass on the benefits under the new regime, where margins are not capped.
A number of non-banking financial companies (NBFCs) have tapped into the debt capital market ahead of the festival season to meet increasing credit demand as bank funding slows. On Tuesday, Aptus Value Housing Finance secured Rs 300 crore at an interest rate of 8.75 per cent through bonds maturing in five years. ICICI Home Finance Company turned to the market to raise Rs 275 crore at 7.94 per cent, alongside another Rs 300 crore at 7.95 per cent, through bonds maturing in five and three years, respectively.
India B captain Abhimanyu Easwaran single-handedly kept his team in the hunt with a defiant century against India C, in the Duleep Trophy.
A product of the 1942 Quit India movement, a Gandhian and a Socialist who remains closely connected with grassroot movements, Dr G G Parikh remains a familiar figure in Maharashtra.
'If the Bill and Melinda Gates Foundation cuts funds, there could be more impact.'
Karnataka Rural Development and Panchayat Raj (RDPR) Minister K S Eshwarappa, against whom police have booked a case for allegedly abetting the suicide of contractor Santosh Patil, on Friday submitted his resignation to Chief Minister Basavaraj Bommai.
People claim their religion is in danger, but it is their party that is in danger, and they are praying to save it, Bollywood actor Riteish Deshmukh said while campaigning for his brother and Maharashtra Congress leader.
Uttarakhand Chief Minister Pushkar Singh Dhami has announced that the state will become the first in independent India to implement the Uniform Civil Code (UCC), with the date of implementation to be announced soon. The UCC, which aims to unify personal laws for all citizens, has been approved by the state cabinet and preparations for its implementation are almost complete. Dhami stated that the training process for UCC implementation is nearly finalized and the government is aiming for a swift rollout. Speculation is rife that the UCC could be implemented on Republic Day, coinciding with the conclusion of municipal elections. The UCC includes provisions related to marriage, divorce, annulment of marriage, succession, and live-in relationships. The state government has introduced a dedicated portal for online registration of related matters and has authorized Common Service Centers (CSC) to simplify access for citizens. In remote areas, CSC agents will provide door-to-door services. The Gram Panchayat Development Officer will serve as the Sub-Registrar for registration work in rural areas. The government has also implemented Aadhaar-based registration to make the process easier. Citizens can track their application status through email and SMS, and an online complaint portal has been set up. Dhami dismissed Congress allegations of divisive politics, emphasizing that the UCC provides a uniform system and law for all.
Citing the steps taken by government for rural development and poverty alleviations, the finance minister said, 'these initiatives and other interventions of the government need people's involvement and continuous interface with the government institutions.'
A year before he won his first Grand Slam title at Roland Garros in 2005, Rafa made his debut in India at the Chennai Open.
'The very fact that his autobiography is called India Rising is a correct example of his wish for India to be a developed country and do as best as possible by science reaching to the common people.'
The number of suspected Guillain-Barr Syndrome (GBS) deaths in Pune district, Maharashtra, has reached six after a 63-year-old man died. The outbreak has been linked to water contamination caused by campylobacter jejuni, a common bacterial pathogen that causes gastroenteritis and can trigger GBS. The number of suspected GBS cases has risen to 173, with 140 diagnosed with GBS. 34 patients are in Pune Municipal Corporation limits, 87 from newly added villages in PMC area, 22 from Pimpri Chinchwad civic limits, 22 from rural parts of the district, and eight from other districts. Of the 173, a total of 72 have been discharged, 55 are in ICU and 21 are on ventilator support.
The Bihar government has formed a state-level task force to monitor actions taken by authorities to prevent and eradicate child marriages in the state. Bihar has the second-highest rate of child marriage in India, with 40.8% of women getting married before turning 18. The government is implementing a multipronged strategy to combat child marriage, including stricter enforcement of the law, empowering girls through education, and raising awareness.
'Spending by the middle class is limited with a focus on savings. However, there is buoyancy at the top-end.'
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