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A day after the Union Food Ministry pushed Punjab and Haryana to make e-payment of MSP directly to farmers from the next procurement season starting April 1, the Centre on Friday asserted this measure wouldn’t affect the current practice of crop procurement through mandis and arthiyas (middlemen). The government also maintained that no further relaxation would be granted to both states on full MSP payment to farmers through electronic mode. In Punjab and Haryana, the Centre and state agencies procure their quota of foodgrain largely through a network of mandis and middlemen, which a section...

FinMin loosens purse strings for ongoing quarter, last month of fiscal February 17, 2021 However, expenditure needs to be within limit fixed under Revised Estimate The Finance Ministry has eased expenditure norms for January-March quarter and for the month of March. This means the Central Ministries/Departments can spend more but within the ceiling prescribed under the Revised Estimate (RE) for FY21. “It is to state that QEP (Quarterly Expenditure Plan) for the remaining part of the current fiscal may be considered as relaxed to the extent of expenditure ceiling finalised for RE 2020-21,�...

AIMIM chief Asaduddin Owaisi made sensational comments on Hyderabad. He said that there are high chances for Hyderabad to be demoted into a UT during a discussion in Parliament over the Jammu and Kashmir reorganisation bill on Saturday. He further added that, "Others cities such as Chennai, Hyderabad, Ahmedabad, and Bengaluru will also be demoted as a Union Territory.”  Owaisi

Read more about Govt pursuing reforms to make India one of world's top economies: FM on Business Standard. Sitharaman on Saturday said that the government, undeterred by the Covid-19 pandemic, has been pursuing reforms for achieving sustained long-term growth i

Union Budget 2021-22: Long on Promises, Short in Content | A Sunil Dharan Friday 12 February 2021 by A Sunil Dharan The Finance Minister’s budget speech gave us the impression that she has pulled off the impossible. She has, apparently, presented an expansionary budget with thrust on capital spending and increased expenditure on priority areas like health. At the same time, by projecting a fiscal deficit figure for 2021-22 which is much lower than the revised estimate for 2020-21 she has put the economy on the path of fiscal consolidation. The speech is replete with hyperboles regarding the...