Skip to main content

Niti Forms Sub-Group of CMs to Link Agri, NREGS

Niti Forms Sub-Group of CMs to Link Agri, NREGS
The Niti Aayog has formed a sub-group of chief ministers to frame policy for greater synergy between agriculture and the Centre’s flagship rural jobs scheme under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). Prime Minister Narendra Modi had on Sunday in a full meeting of the Aayog suggested that a committee of chief ministers be formed to suggest ways of using NREGS to create durable farm assets that help double incomes of farmers and reduce agrarian distress.
The high-level group, comprising chief ministers of Madhya Pradesh, Bihar, Sikkim, Gujarat, Uttar Pradesh, West Bengal and Andhra Pradesh, and NITI Aayog member Ramesh Chand, will have to submit its recommendations in three months. Madhya Pradesh chief minister Shivraj Singh Chouhan will be the convener of the committee. “The move comes in the backdrop of the vision of the Prime Minister towards doubling farmers’ income by 2022 which requires a multi-dimensional and inclusive approach,” Niti Aayog said in a statement on Tuesday.
The committee is expected to suggest a wider choice of state specific interventions both for pre-sowing and post-harvest to increase the thrust on incomes, water conservation and waste to wealth. Besides, it will recommend ways to align works under MGNREGA fully to the requirements of achieving the goal of doubling farmers’ income by 2022, with thrust on water conservation, individual beneficiary schemes, construction of rural haats, vermi-composting, etc. The committee is also likely to make recommendations on interventions of MGNREGA that can facilitate reduction of agrarian distress.
The Economic Times, New Delhi, 20th June 2018

Comments

Popular posts from this blog

Credit card spending growth declines on RBI gaze, stress build-up

  Credit card spends have further slowed down to 16.6 per cent in the current financial year (FY25), following the Reserve Bank of India’s tightening of unsecured lending norms and rising delinquencies, and increased stress in the portfolio.Typically, during the festival season (September–December), credit card spends peak as several credit card-issuing banks offer discounts and cashbacks on e-commerce and other platforms. This is a reversal of trend in the past three financial years stretching to FY21 due to RBI’s restrictions.In the previous financial year (FY24), credit card spends rose by 27.8 per cent, but were low compared to FY23 which surged by 47.5 per cent. In FY22, the spending increased 54.1 per cent, according to data compiled by Macquarie Research.ICICI Bank recorded 4.4 per cent gross credit losses in its FY24 credit card portfolio as against 3.2 per cent year-on-year. SBI Cards’ credit losses in the segment stood at 7.4 per cent in FY24 and 6.2 per cent in FY23, the...

SFBs should be vigilant, proactive to mitigate risks: RBI deputy guv

  The Reserve Bank of India’s Deputy Governor Swaminathan J on Friday instructed the directors of small finance banks (SFBs) to be vigilant and proactive in identifying emerging risks in the sector.Speaking at a conference for directors on the boards of SFBs, Swaminathan highlighted the role of governance in guiding SFBs towards sustainable growth with stability. He also emphasised the importance of sustainable business models.Additionally, he highlighted the need for strengthening cybersecurity to protect the entities against digital threats and urged for a stronger focus on financial inclusion, customer service, and grievance redressal to ensure a broader reach of banking services.Executive Directors S C Murmu, Rohit Jain, and R L K Rao, along with other senior officials representing the Supervision, Regulation, and Enforcement Departments of the RBI, also participated in the conference.   -  Business Standard  30 th  September, 2024

Brigade Hotel Ventures files draft papers with Sebi for Rs 900 crore IPO

  Brigade Hotel Ventures Ltd, owner and developer of hotels in South India, has filed draft papers with capital markets regulator Sebi to raise Rs 900 crore through an initial public offering (IPO).The proposed IPO is entirely a fresh issue of equity shares with no Offer-for-Sale (OFS) component, according to the draft red herring prospectus (DRHP).Proceeds from the issue to the tune of Rs 481 crore will go towards payment of debt, Rs 412 crore will be allocated to the company and Rs 69 crore to its material subsidiary, SRP Prosperita Hotel Ventures Ltd.Additionally, Rs 107.52 crore will be used to purchase an undivided share of land from the Promoter, BEL, and the remaining funds will support acquisitions, other strategic initiatives, and general corporate purposes.The company may raise up to Rs 180 crore through a Pre-IPO Placement.   If the placement is undertaken, the issue size will be reduced.Brigade Hotel Ventures Ltd is a wholly-owned subsidiary of Brigade Enterprises ...