PM Modi announced schemes for farmers, women, housing, tax incentives for traders
PM Narendra Modi outlined various government policies for the welfare of the downtrodden, poor, farmers, traders, women and senior citizens.
Bonanza for Home Buyers: Under Pradhan Mantri Awas Yojana: Now get 4 % interest relief on home loan upto 9 lakh rupees. And 3 % cut for home loan upto 12 lakh rupees.
Subvention on Home Improvements: In rural areas, now get 3 % interest relief on loan of upto 2 lakh rupees for the construction, renovation and expansion of home.
Big relief to Farmers: Govt to pay interest for 60 days on loans taken by farmers for rabi season from district cooperative banks and primary societies.
Fund to NABARD doubled: Additional fund of 20,000 crore given to NABARD to give loans to farmers.
Kisan Credit Cards to become RUPAY: 3 crore Kisan Credit Cards will be transformed to RuPay credit cards. Farmers had to go to banks to withdraw money. It will help farmers to sell and buy.
Big boost to MSME sector: For small entrepreneurs, credit guarantee raised from Rs 1 crore to Rs 2 crore. Loans by non-banking financial companies will also be covered in this. Shopkeepers and small businessmen will get more loans because of this.
Relief to small traders: For small businesses, cash credit limit raised to 25 per cent from 20 per cent. Working capital increased to 30 % from the current 20% if the transaction is done via digital mode.
Big push to less cash Economy: In a bid to promote less cash economy, PM says small traders and businesses with a turnover of up to Rs 2 crore, 6% tax will be levied instead of 8% if they accept payments through banking and digital means.
Scheme for pregnant women: For pregnant women, a national scheme launched. Would be Mothers will get Rs. 6,000 for their delivery, vaccination, and nutritious meals. This will be transferred straight to their account. This will help in saving lives of mothers and new born kids.
Relief to senior citizens: Senior citizens will be assured 8 per cent interest on their deposits up to Rs 7.5 lakh. Now for the senior citizens the interest rate shall remain fixed at 8 percent for next 10 years.
Gujarat CM dedicates India’s first laser technology-based check-post
Gujarat chief minister Vijay Rupani dedicated India’s first laser technology-based advanced AVMS RTO check-post at Shamlaji of Aravalli district.
Bharatiya Jananpith announces Navlekhan award 2016
Two new Hindi writers Shraddha and Ghyansham Kumar Devansh have been chosen for Bharatiya Jnanpith Navlekhan Award for the year 2016.
- Shraddha was conferred award for her short story, ‘Hawa Mein Phadphadati Chitthi’ and Devansh for his poem ‘Akash Mein Deh’.
Petronet signs pact to set up $950 mn LNG project in Bangladesh
India’s largest LNG importer Petronet has signed an agreement to set up a $950 million liquefied natural gas import project in Bangladesh.
- Petronet signed a MoU with with Petrobangla to set up a 7.5 million tonnes a year project to receive and regasify LNG on Kutubdia Island in Cox’s Bazar and lay a 26-km pipline to connect it to the consumption markets.
Somdev Devvarman announces retirement from professional tennis
India’s star singles player Somdev Devvarman announced his retirement from professional tennis, bringing an abrupt end to what was once a promising career.
Lionel Messi named world’s best playmaker for 2016
Rafael Nadal wins fourth Mubadala World Tennis Championship title
Rafael Nadal concluded his prolonged pre-season in the perfect style by successfully defending his Mubadala World Tennis Championship title with a 6-4, 7-6 victory over David Goffin