Home > politics > policy > Govt cuts interest rates payable on small savings, PM to inaugurate Krishi Unnati Mela today

New Delhi: In a move to reach out to farmers across the country, Prime Minister Narendra Modi on Saturday will inaugurate a three day event for farmers. In other news, on Friday, the government slashed the interest rates payable on small savings, a move that is likely to hit the common man. The Supreme Court on Friday also reviewed their previous ruling on the use of photographs for government advertisements.

Interest rates cut on public provident fund, other small savings schemes

In a move that will hit the common man, the government on Friday slashed interest rates payable on small savings including Public Provident Fund and Kisan Vikas Patra (KVP) in a bid to align them closer to market rates. Though this will hurt the small savers, it is expected to facilitate further rate cuts by the central and commercial banks. The move has been criticised by opposition parties. Read More

SC allows photos of chief ministers, governors, ministers in govt ads

Reviewing its previous ruling, the Supreme Court on Friday permitted the use of photographs of governors, chief ministers, Union and state cabinet ministers in government advertisements. The earlier ruling allowed only the photographs of the President, prime minister and the chief justice of India (CJI). The court’s guidelines came after two non-profits Centre for Public Interest Litigation (CPIL) and Common Cause moved the court against wasteful government expenditure on advertising. Read More.

PM Narendra Modi to inaugurate Krishi Unnati Mela today

Prime Minister Narendra Modi will inaugurate three-day ‘Krishi Unnati Mela’ on Saturday which will provide information on new farm schemes and technologies that will help farmers double their incomes within the next few years. To reach out to farmers, the ministry will live telecast the event in panchayats across the country. The government in their budget last month had announced a range of initiatives to improve the prevailing conditions in the agriculture sector. Read More.

Aadhaar to have key role in cutting costs: Trai chairman R.S. Sharma

Aadhaar will play a key role in lowering transaction costs as India moves towards a cashless economy, Telecom Regulatory Authority of India (Trai) chairman R.S. Sharma said on Friday at EmTech India, organized by MIT Technology Review and Mint in New Delhi. The Aadhaar Bill was passed by both the houses this week. The legislation awaits the President’s nod. For FAQs on the legislation click here

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JNU students Umar Khalid, Anirban Bhattacharya get interim bail

Jawaharlal Nehru University students Umar Khalid and Anirban Bhattacharya, who were jailed on charges of sedition, were released on interim bail by a Delhi court on Friday. In his speech in the university after being released Umar said , “I am not ashamed that I was in jail. Criminals are those who are in power, those in jail are the ones who raise their voice."

Punjab passes resolution on SYL canal

The Punjab legislative assembly on Friday passed a unanimous resolution against the construction of the Sutlej-Yamuna Link (SYL) canal, stating it does not have water to share. The assembly also decided to take on the Centre and Haryana on this issue. Chief minister Parkash Singh Badal who presented the resolution said the state was going through a water crisis. The move comes a day after Supreme Court ordered a status quo on the state government’s Punjab SYL canal Land (Transfer of Property Rights) Bill, 2016 allowing land acquired for SYL canal to be returned to the farmers. Read More

Why money lent to Vijay Mallya’s firms won’t be easy for banks to recover

On Thursday, banks failed to draw any bids for Kingfisher House, the headquarters of the Vijay Mallya’s defunct Kingfisher Airlines Ltd, as they tried to auction it to recover loans. Data shows that while bankers have been filing suits at various legal avenues such as courts and debt recovery tribunals as bad loans multiplied, recovery has been poor. Read More

Chhagan Bhujbal: The opportunist who went from Godse to Gandhi to Phule

On 14 March 2016, Chhagan Bhujbal, former cabinet minister in Maharashtra, was arrested by the Enforcement Directorate under the Prevention of Money Laundering Act, his supporters said this was an assault on the thoughts of Jyotiba Phule, Shahu Maharaj and Bhimrao Ambedkar, all great social reformers. Read More

Government notifies new plastic waste management rules

In a bid to achieve the vision of Swachh Bharat, the government on Friday notified new plastic waste management rules, bringing the country’s gram panchayats into the picture and introducing the concept of extended producer responsibility (EPR). It also banned plastic carry bags thinner than 50 microns. Read More

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