Recapitalisation plan in the works for India Post Payments Bank The government is exploring options to make India Post Payments Bank viable, which include infusing about Rs 2,000 crore into it and merging the institution with regional rural banks (RRBs). The payments bank, launched in January 2017, has not been doing well as a standalone entity and needs to be recapitalised, said an official in the know.
At record Rs 1.19 trn, GST collections give FM confidence ahead of Budget A day ahead of the Union Budget, which is likely to report a huge fiscal deficit, the government has got some cushion with goods and services tax (GST) collection touching a record high of Rs 1.19 trillion in January. Since the figure pertained to collection till 6 pm on January 31, some more is expected to come into the government coffers for the month. GST collection surpassed Rs 1 trillion for the fourth straight month due to economic recovery and because of government measures to tighten its noose on
Hundreds of Kansas farmers learned about how being a good steward of the land can reap rewards during the No-Till on the Plains’ 25th Anniversary Conference.
Like many other conferences this year, the No-Till on the Plains conference went virtual. Replacing the dozens of speakers and break-out sessions were three speakers and several interactions with viewers written questions.
In addition to learning about the benefits of soil nutrition, about 300 attendees who came from South Carolina, Texas, Australia and the United Kingdom, learned how large agribusinesses are making producers dependent on high-dollar inputs and high-dollar data. Some of these practices that deplete the land of its nutrients are, according to one of the speakers at the conference, contributing to climate change.
The United Nations sees the Indian economy recovering by 7.3 per cent this calendar year after a coronavirus-driven fall of 9.6 per cent last year. The UN s World Economic Situation and Prospects 2021 report released on Monday said that despite drastic fiscal and monetary stimulus India s gross domestic product (GDP) fell because of lockdowns and other containment efforts that slashed domestic consumption without halting the spread of the disease. India s GDP growth was forecast to dip in 2022 calendar year to 5.9 per cent, according to the report. China, where the Covid-19 pandemic started and spread bring the rest of the world to its knees, was the only major economy to have grown last year, registering a 2.4 per cent increase last and is forecast to grow by 7.2 per cent this year and by 5.8 per cent next year, according to the report.
Read more about Govt may hike agriculture credit target to about Rs 19 trn in Budget on Business Standard. With the aim of doubling farmers income by 2022, the government is likely to raise farm credit target to about Rs 19 lakh crore in Budget 2021-22 to be presented on February 1, according to sources.For the current fiscal, the government has set a
Over Rs 950-crore tax evasion by Flipkart unit, Swiggy: I-T department Over Rs 950-crore tax evasion by food delivery start-up Swiggy and Instakart (a group firm of Flipkart) has been detected following last week’s survey operations in Bengaluru. According to the initial findings of the Income Tax Department, third party vendors were also involved in the concealment of taxable income. ‘’The survey operations on the companies resulted in impounding of incriminating documents evidencing tax evasion issues including non-deduction from tax deducted at source (TDS) on commission income and cancellation charges by Swiggy and their restaurants.
Hospitals get ready for Covid shots ahead of vaccination drive on Jan 16