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Good monsoon, govt support could revive rural demand -Ratna Bhushan & Sagar Malviya

-The Economic Times   Forecast of a normal monsoon and extension of PM Kisan scheme likely to boost rural income, say cos.   NEW DELHI| MUMBAI: Rural demand for groceries and daily essentials, which showed signs of slowing in the past three quarters, could revive after New Delhi extended the Assured Income support (PMKisan) scheme for farmers. Expectations that rains would be normal this monsoon season should also lift buying power in the...

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PM's income support scheme will benefit over 8 lakh large farmers -Vishwa Mohan

-The Times of India NEW DELHI: Extending the Assured Income support (PM-Kisan) scheme for farmers, approved by the new government in its first Cabinet meeting last Friday, will also benefit over eight lakh big landholders — having landholding size of 10 hectares (nearly 25 acres) and more — across the country. Though such big landholders account for merely 0.6% of total farmers in India, their numbers in some states, such as Rajasthan,...

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PM-Kisan sop amid election won't breach code, feels govt -Vishwa Mohan

-The Times of India NEW DELHI: After rolling out the Centre’s flagship ‘Assured Income support’ scheme for farmers on Sunday, the Modi government is now looking at the prospect of disbursing the second instalment of Rs 2,000 each to eligible small and marginal farmers in April-May even as the election is on. If the government goes ahead, many of the beneficiaries may get total Rs 4,000 in next two months - first...

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RBI raises limit for collateral-free agri loans to Rs.1.6 lakh from Rs.1 lakh

-The Hindu Business Line In the wake of the government announcing direct income support of ?6,000 per year for small and marginal farmers in the interim Budget on February 1, the Reserve Bank of India, on Thursday, raised the limit for collateral-free agriculture loans to Rs.1.6 lakh from Rs.1 lakh. The central bank said the increased limit will enhance coverage of small and marginal farmers in the formal credit system. The circular...

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Why everybody loves Universal Basic Income -Ankita Dwivedi Johri

-The Indian Express The Budget has promised an Assured Income to farmers, Rahul Gandhi a minimum income guarantee, and Sikkim a universal basic income by 2022. Back in 2016-2017, the Economic Survey said UBI was an idea whose time was ripe for discussion. As that talk picks up in the run-up to the Lok Sabha elections, The Indian Express parses the debate, starting from India’s only two pilot projects FINANCE Minister...

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