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RBI allows farmers enhanced loan on produce pledges ​ By IANS | ​ 3 Views Farmer. (File Photo: IANS). Image Source: IANS News Mumbai, April 7 : With a view to encourage farm credit, the RBI on Wednesday decided to enhance the loan limit for individual farmers. Individual farmers will now be eligible for an enhanced loan amount of Rs 75 lakh from banks against the pledge or hypothecation of agricultural produce. The borrowing limit under the scheme was earlier capped at Rs 50 lakh. As per ...

RBI to set up panel to undertake comprehensive review of ARCs SECTIONS Last Updated: Apr 07, 2021, 01:11 PM IST Share Synopsis After enactment of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act in 2002, regulatory guidelines for ARCs were issued in 2003 to enable development of this sector and to facilitate smooth functioning of these companies. Agencies In the latest Budget, Finance Minister Nirmala Sitharaman announced setting up o...

URL copied RBI to set up panel to undertake review of ARCs. To facilitate smooth functioning of Asset Reconstruction Companies (ARCs), the Reserve Bank of India (RBI) on Wednesday (April 7) decided to set up a panel to undertake a comprehensive review of the working of such institutions. In the latest Budget, Union Finance Minister Nirmala Sitharaman announced setting up of ARC and Asset Management Company to tackle stressed assets. After enactment of the Securitisation and Reconstruc...

As Farmer Protest Crosses 100-Day-Mark, What Should We Expect from the Face-Off in Election Season?  It is unlikely that anything will happen before the announcement of election results, but the recommendations of the SC-appointed committee may offer a clue as to what the Centre will do. Farmers block a highway to mark 100 days of their ongoing protests against new farm laws, along the Delhi-Haryana border near New Delhi, Saturday, March 6, 2021. Photo: PTI Government08/Mar/2021 On March 6, ...

In an effort to strengthen post-harvest supply chain across the country and ensure better returns to the farmers in a big way, the central government is working on a comprehensive plan of creating a world class storage system and ...

Govt Plans To Create World-Class Storage System To Strengthen Post-Harvest Supply Chain Across The Country by IANS - Mar 5, 2021 05:51 AM Rice Harvesting In Srinagar (representative image) (Photo by Waseem Andrabi/Hindustan Times via Getty Images) In an effort to strengthen post-harvest supply chain across the country and ensure better returns to the farmers in a big way, the central government is working on a comprehensive plan of creating a world class storage system and standardisation of wa...

Amid the ongoing farmers protest lead largely by Punjab and Haryana farmers, the Central government today said that it has directed both the states to ensure online payment to farmers through the electronic mode from the coming procurement season. The wheat procurement season for FY22 will start in the next few weeks. The procurement is done at the Centre-fixed Minimum Support Price (MSP). In a presentation made by the Ministry of Food and Public distribution and Consumer Affairs, the govern...

Spot gold trade set to take off soon on existing exchanges The Securities Contracts (Regulation) Act would also see some amendments to give shape to gold being treated as a security and in the provisions for duration of contracts. February 10, 2021 / 07:14 AM IST Spot gold trading on existing exchanges is likely to be a reality soon following the finance minister’s announcement in the budget that the Securities and Exchange Board of India (Sebi) would be the regulatory body to monitor suc...

Govt looking at regulating digital gold schemes: Official February 06, 2021 × The Finance Ministry has asked IIM-Ahmedabad’s India Gold Policy Centre (IGPC) to come out with a paper on how gold refining can be ramped up in the country. Policy inputs are needed on this front as the government intends to shortly work on a plan to strengthen gold refining, K Rajaraman, Additional Secretary, Department of Economic Affairs (DEA) in Finance Ministry, said on Saturday. While the possibility of stre...

Will gold turn cheaper after duty cut? India is a price taker and global trend will remain a key price determining factor The year 2020 was a challenging one for all major economies including India as governments imposed strict measures to limit the virus spread but this impacted economic growth. While the economy came under pressure, the commodities market was also not left unaffected. Sharp volatility across commodities was witnessed as prices slumped earlier in the year owing to demand des...