Despite increasing allocated funds, the Union government has been unable to significantly improve the penetration of crop insurance in terms of enrolled farmers and insured areas. The ailing PM Fasal Bima Yojana (PMFBY) Needs a structural redesign. The scheme, in its present structure, could be a good profit-making policy for insurance companies. India’s agriculture sector, which provides employment to 50% of the labour force and contributes about 17% of the gross domestic product, currently faces multiple challenges. Smaller land holdings, unfavourable climate changes events, dismal public and personal investment, low monthly incomes, a high proportion of indebted farmers and unfavourable terms of trade between farmers and non-farmers are just some of the foremost proble...
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The Monetary Policy Committee (MPC) has introduced that the repo charge below the liquidity adjustment facility (LAF) will keep staying at 4.0% at some stage in its assembly hung on December 8, 2021. MPC has determined to preserve the opposite repo charge unchanged at 3.35%. The bank rate and the marginal status facility (MSF) charge keep staying at 4.25%. What is Repo Rate? Repo charge is the critical financial institution of India, i.e. Reserve Bank of India (RBI), which borrows cash from the industrial banks. In case of an economic crisis, the industrial banks can lend cash from the RBI and the charge at which the cash is furnished is known as the repo charge. Repo charge is utilized by the critical financial institution to govern the cash delivery withinside the marketpla...
Read MoreModi Government Under Pressure: Centre Fails To Curb Inflation In Existing Economy; Learn Details
Keeping inflation high while sustaining the existing atmosphere of economic development and capital investment was the primary aim of this year's Union Budget, according to the Union finance ministry. It has had a disastrous impact on the Indian economy, especially on individuals who work in the informal sector and the general public. The small and medium-sized enterprise (SME) sector has yet to awaken from its sleep, which accounts for one-third of all employment creation. It is believed that planned capital expenditures would increase demand in other sectors in the next days and weeks, even though interest rate reductions had minimal influence on the economy thus far in 2018. Modi Government seems to be under huge pressure Since it is projected that crude o...
Read MoreBJP Wants To Rule Maharashtra Using Central Investigating Agencies: Shiv Sena MP Sanjay Raut
Shiv Sena MP Sanjay Raut has accused the BJP government of misusing its powers. He said that the party wants to rule Maharashtra either way. "They offered me bribes too to switch sides so that they can topple the Maharashtra government," he said. He also said that they warned him that if he doesn't listen to them, they have so many ways to tackle him. Using central agencies like CBI and ED is all part of this vicious circle. "They want to break us by troubling relatives, family members and friends in false cases and accusations," he said. Sanjay Raut's Remarks Against BJP "The day I was targeted and my close ones raided, I dialled up The Union home minister Amit Shah. I told him that I respect you and you are a big leader and home minister of the country. But whatever is ha...
Read MoreCentre Bans 54 More Chinese Apps Security Grounds; Check Out Details
The Union information technology ministry (MeitY) has banned 54 Chinese apps pertaining to data abuse and security issues. The occlusion takes place under Section 69a of the MeitY. This is not the first time that such action has been taken by the Indian Government. In the past, the government had banned many Chinese apps including some big names like TikTok, PUBG, UCBrowser, WeChat, CamScanner and many more. With the latest additions of more apps now the number of banned apps rises to 324. The new occluded apps lie in the categories of beauty, music, dating and gaming ones. The action is taken after a report by the Home Ministry which recommends the action pertaining to privacy and security issues. Details Of The Apps Which Are Occluded "These 54 apps allegedly obtains vari...
Read MorePunjab Assembly Polls: Rahul Gandhi Appeals To Choose Congress As They Understand The Value Of Unity And Brotherhood
Rahul Gandhi in Hoshiarpur, Punjab addressed the rally and requested people to vote for the Congress party. He said this is not the time to do experiments, "stick to those people who stood by you... Congress has always worked for people, understanding their feelings and culture," he said. Rahul Gandhi said that maintaining peace in the state is the most important issue and his party was capable of doing it. He adds we understand Punjab and its people and we are the ones who can take the state forward with love, unity and brotherhood. Rahul Gandhi Attacks BJP and AAP The Congress leader pointed out the policies of PM Modi and the BJP government like the GST, black money, demonetisation. He asked why did Modi Ji not talk about employment. Youth is suffering from the unemploymen...
Read MoreNew Electoral Reforms Proposes Linking Aadhaar With Voter IDs; Know More Its Merits
The Union cabinet cleared the proposed amendments to the electoral law seeking to bring in key electoral reforms such as the linkage of voter ID with Aadhaar to weed out bogus and duplicate entries in the electoral roll. Sources indicated that another reform sought to be implemented is allowing multiple dates in a year rather than only January 1, for those above 18 years to register themselves as voters. Since the Aadhaar number is unique in itself, therefore, linking it with the voter ID will solve the problem of having multiple IDs. There will be uniformity in the process as well as transparency. The bill amends the representation of people act approved by the cabinet and is likely to be brought before parliament in the ongoing winter session. It also makes gender-neutral a prov...
Read MoreIndian doctors follow guidelines set up by foreign countries. They face problems because they follow guidelines designed by western medical standards. Many devices used in India are calibrated according to western guidelines. Why Standards Are Important? India's demography is itself a challenge to decide. Its ethnicity, genetics, lifestyles pattern and physical build are different in their way and from the western population. The standard is a repeatable, harmonized, agreed and documented way of doing something. Standards contain technical specifications or other precise criteria designed to be used consistently as a rule, guideline or definition. They assist in making life simpler and increasing reliability. It also ensures the effectiveness of many of the products and services...
Read MoreBombay HC Directs Development Authority To Preserve Lonar Lake; Know Interesting Facts About Its Existence
The Nagpur bench of the Bombay judicature has directed a court-appointed development body to approach the Wetland Authority to notify the Lonar Crater lake in Maharashtra as a wetland and to make sure its preservation, conservation and also sustainable management. The lake in Lonar town of Buldhana district was created over 50,000 years ago because of a meteorite impact. The HC had last year directed the government to appoint ‘Lonar Crater Lake Development Authority’ for the preservation of the water body. Lonar lake of Maharashtra is the best example of a 1.8 diameter crater and is Maharashtra's best-hidden secret. This crater is located in the basaltic bedrock in Maharashtra is a real example of terrestrial impact craters. It has attracted many scientists to explore its exist...
Read MoreKashmir-Iran Dispute Over Apples: Producers Demand Imposing Import Duty On Iranian Apples
Whenever we talk about apples, the name that comes into our mind is Kashmiri apples. The contribution of apples in boosting the economy of Kashmir has played a vital role. However, in recent years, the Kashmiri apple vendors have faced heavy losses due to the illegal imports of Iranian apples. Kashmiri apple growers are up in arms against the import of illegal apples from Iran which has been selling at cheaper rates than the local apples in markets outside the valley. The apple growers and those associated with apple farming appealed to the government of India to ban the import of Iranian apples into the Indian market. The illegal import of Iranian apples happening in the Indian market has severely damaged the rates of Kashmiri produce in the apple market. The Iranian apples ar...
Read MoreISRO Confirms Free-Area Quantum Verbal Exchange; Read To Know More
Indian Space Research Organisation (ISRO) currently confirmed free-area quantum verbal exchange over a distance of three hundred miles in the primary stage. The demonstration included staying videoconferencing and usage of quantum-key-encrypted signals. This is a first-rate success for unconditionally secured satellite TV for PC information verbal exchange the usage of quantum technology. It is stated that some of the key technology had been evolved indigenously to perform this principal feat, which covered the usage of an indigenously evolved navigation satellite tv for pc system, with an operational call of NavIC, a receiver for time synchronization among the transmitter and receiver modules, and gimbal mechanism structures in place of cumbersome large-aperture telescopes for optical...
Read MoreFord Motors Mulls Discontinuing; Exploring Possibilities As EV Manufacturer In India
Ford Motors has recently decided to quit the Indian market due to some taxation and low sales issues. It has now decided to take a U-turn and return to India with the PLI scheme. When Ford decided to leave, it shook the market as its presence is felt all over the world economy. Ford will enter the market under the government's PLI scheme. What Has Happened? Ford declared on February 11 it is considering its production of electric vehicles in India for exports and probably for local sale. It came just a month after the American automaker announced its decision of discontinuing its selling and manufacturing in the country. It was said that in September 2021 the decision was under consideration and taken back as the company could not see any future profits. Ford's Take Accord...
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