Page 4 - Government

No proposal at present to increase amount under PM-KISAN: Govt in Lok Sabha

The government on Tuesday informed Parliament that there is no proposal at present to increase the amount under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) from the existing Rs 6,000 per annum per beneficiary. The PM-KISAN was launched in February 2019 but implemented with effect from December 2018. Under the scheme, eligible farmers are provided with a financial benefit of Rs 6,000 per year in three equal instalments of Rs 2,000 each every four months. The fund is directly transferred to the bank accounts of the beneficiaries. "There is no such proposal at present," Agriculture Minister Narendra Singh Tomar said in his written reply to the Lok Sabha when asked if there is any proposal to increase the amount under the PM-KISAN. As of January 30 this year, more than Rs 2.24 lakh crore have been disbursed to eligible farmers through various instalments as income support to take care of expenses related to agriculture and allied activities as well as domestic needs, he ...

Delayed decision

Govt should have moved fast in Vodafone Idea matter

US jobless insurance claims near historic low despite cooling economy

Applications for US unemployment insurance last week fell slightly, hovering around historically low levels as the labor market holds strong despite a weakening economy

Govt-recognised startups eligible for angel tax exemption: DPIIT Secy

More than 84,000 DPIIT-recognised start-ups in the country, data shows

Beware! Govts do default on pension liabilities

The faith displayed by employees in a future government's ability to pay pension is perplexing when stories abound of state governments having difficulty in paying salaries

Govt set to invite EoIs for Rs 41k-cr Great Nicobar Port on Saturday

Ambitious Rs 41k-cr transhipment terminal plan mired by environmental concerns

Govt rejects panel push for effect-based test in Competition Amendment Bill

Recommendation, made by Jayan Sinha-led Parliamentary Committee in Dec, was cleared by cabinet earlier this week; govt sees difficulty in quantifying impact

Budget 2023: Real Estate expects further fiscal stimulus - Dr. Mohit Ramsinghani - Runwal Group

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India's Rs 8,000-cr green bond debuts today, analysts see strong demand

Future premium hinges on incentives for banks, FII participation

Facing user complaints, DoT considers launching 5G service quality test

Coverage reaches nearly 200 cities; telcos say they're continuously assessing situation

A step too far

'Fake news' rules will damage press freedom

Madhya Pradesh govt's emphasis on self-employment of SC-ST youth

A ministerial group will present report of recommendations after in-depth discussion on suggestions from various stakeholders

Indians' trust increases in govt and business, dips in media, NGOs: Survey

India is also among 11 countries where trust in government has increased

Business trusted most among govts, NGOs, media in polarizing world: Report

People are more gloomy about their economic prospects than ever before and trust business far more than other institutions like governments, nonprofits, and the media in an increasingly divided world

Centre to fully exit IDBI Bank once it gets 'upside value': Dipam secy

It would make complete exit once it gets upside value on the remaining stake

From RIL to L&T and Adani, corporate giants build on EPC rule change

A shift from the high-debt hybrid annuity scheme for infra projects to a low-debt, performance-linked model is encouraging government and private majors to pivot to this business in a bigger way

Will send 44 judges' names within two-three days: Govt to Supreme Court

The collegium system has become a major flashpoint between the Supreme Court and the central government, with the mechanism of judges appointing judges drawing criticism from different quarters

Policy to make adoption of Indian Standard Time mandatory on anvil: Govt

The government is planning to come out with a comprehensive policy for mandatory adoption of Indian Standard Time (IST) nationwide, a senior consumer affairs ministry official said. The purpose is to ensure synchronization of all networks and computers to IST and adoption of IST by Telecom Service Providers, Internet Service Providers, power grids, banks, stock exchange, etc, the official said. Presently, IST is not being adopted mandatorily by all telecom and internet service providers. They are utilising the servers synchronised to other sources such as Global Navigation Satellite System (GNSS). The Department of Consumer Affairs (DoCA) is already working on a project in coordination with the National Physical Laboratory (NPL) and Indian Space Research Organisation (ISRO) to generate and disseminate accurate time traceable to IST. Speaking to PTI, the official said the ministry is also planning to develop a comprehensive policy and regulatory framework for "mandatory adoption of

Employees plan court fight against Ford India over closed TN factory

Group rejects company's severance package as it winds up business in country

Govt hikes interest rate on post office savings schemes by up to 1.1bps

The government on Friday raised interest rates on most post office savings schemes that do not get income tax benefits in line with the firming of interest rates in the economy. While the interest rate for popular PPF and girl child savings scheme Sukanya Samriddhi were retained, rates for deposits up to 5 per cent as well as NSC, senior citizen savings scheme and Kisan Vikas Patra (KVP) where income accruing is taxable have been hiked by up to 1.1 percentage points, according to a finance ministry notification. This is the second quarter of an increase in a row in interest rates for some schemes. This follows a status quo or unchanged rates for nine straight quarters. Interest rates for small savings schemes are notified on a quarterly basis. With the revision, a one-year term deposit with post offices would earn 6.6 per cent, for two years (6.8 per cent), three years (6.9 per cent) and five years (7 per cent). Senior Citizen Savings scheme will earn 40 basis points more at 8 per