Hyderabad: Annapurna Finance raised INR. 137Cr as primary equity investment from Asian Development Bank (ADB) which will allow the MFI to expand it’s micro-finance portfolio by extending micro-credits to women members of Joint Liability Groups (JLGs). Along with this primary another INR 75 crore of secondary round also happened where existing investors of the company OIJIF, Oikocredit and Bamboo Finance bought shares from early stage investors Incofin Investment and SIDBI Venture capital’s Samriddhi fund.
The government has increased the proposed investment in 17 enterprises under the shipping ministry to Rs 5,778 crore for 2019-20 in order to boost the 'blue economy'. The estimated investment in these enterprises that include 12 major ports is Rs 5,548.12 crore in 2018-19, according to the revised numbers in the recent budget document. The government had proposed an investment of Rs 5,079.80 crore in the Budget for 2018-19.
The Centre will transfer Rs 6,000 every year to small and marginal farmers in a new Rs 75,000-crore scheme that aims to address unrest among cultivators who have suffered due to adverse weather and weak prices.
The funds will be transferred directly into the bank accounts of the beneficiary farmers in three instalments of Rs 2,000 each, starting retrospectively from December 1.
The first instalment would be paid in the weeks ahead and the second may be due around the time of the elections.
New Delhi: Months after traces of polio type 2 virus were found in some batches of oral polio vaccine (OPV) manufactured domestically, the health department has postponed the polio national immunisation day campaign.
Rural is on top of India’s agenda. Farmers are vigorously demanding strong government support to battle severe economic hardship at a time when politicians across parties are wooing them for votes.
Low prices of grains and vegetables, rising input costs, poor irrigation, along with drought and floods, have impoverished many farmers, although some have gained from improved yields and higher official procurement price.
To begin with, there has to be social and political cohesion permitting institutions to function and people to interact in a predictable, secure environment. This rules out violent identity politics, lynch mobs with political backing as well as political patronage of values and conduct that vitiate the spirit of liberty and democracy upheld by the Constitution.
The government is considering raising the minimum selling price of sugar, television news channel ET Now reported on Friday.
Prime Minister Narendra Modi's office was directly examining the proposal, ET Now said quoting sources.
The move is likely to help farmers, who are struggling to export their surplus due to fall in global prices and a strengthening rupee.
In a bid to provide relief to small taxpayers, especially micro, small and medium enterprises (MSMEs), the Goods and Services Tax (GST) Council Thursday decided to double the exemption threshold to Rs 40 lakh and hike the limit for composition scheme to Rs 1.5 crore from Rs 1 crore with effect from April 1. The threshold will be Rs 20 lakh for “some hilly/northeastern states”.
If there’s one area in agriculture where the Narendra Modi government has probably broken fresh ground, it is in the procurement of pulses and oilseeds.
During the 2016-17 and 2017-18 agricultural years (July-June), the Central agencies — National Agricultural Cooperative Marketing Federation of India (Nafed), Small Farmers’ Agribusiness Consortium (SFAC) and Food Corporation of India (FCI) — together procured 18.78 lakh tonnes (lt) and 44.96 lt of pulses, plus 2.16 lt and 19.99 lt of oilseeds, respectively. a
New Delhi, January 7: India's Gross Domestic Product (GDP) is expected to grow at 7.2 per cent in 2019, claimed the official estimates released by the Central Statistics Office (CSO). The surge, from 6.7 per cent per cent in the last fiscal, will be primarily driven due to a resurgence in agriculture and manufacturing sectors. Although the growth estimate is higher as compared to 2017-18, it is marginally lower than a recent RBI prediction of 7.4 per cent.