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Daily The Hindu News Analysis June 15, 2017 By Jatin Verma Educator Unacademy unacademy For Editorial Analysis & English video,Visit my Unacademy Profile- https://unacademy.com/user/studiousjatin
Page-1: Cabinet-clears 5% interest subvention for crop loans. Short-term crop loans up to 3 lakh will receive a subvention of 5%, effectively reducing the rate for farmers to 4%. Amount earmarked The government has earmarked a sum of 20.339 crore for this. The interest subvention scheme will continue for one year and will be implemented by the National Bank for Agriculture and Rural Development (NABARD) and the Reserve Bank of India. -Farmers will thus have to effectively pay only 4% as interest. Short-term loan: Farmers unable to repay the short-term crop loans on time will receive an interest subvention of 2% . The scheme has been running since 2006-07, under which farmers are eligible for interest subvention of 2% for crop loans of up to 13 lakh A subvention of an additional 3% is given in the case of prompt repayment within a period of one year from the date of advance
Page-7: Subsidy for weavers' education in open schools e In a bid to offer affordable educational opportunities to weaving communities, the Ministry of Textiles (MoT) will subsidise the education of all weavers enrolled in the National Institute of Open Schooling (NIOS), an autonomous institution under the Ministry of Human Resource Development (MHRD). They will get certificates equivalent to the secondary- level national board certificates, and will be free to take subjects that augment their occupational skills The MoT will reimburse 75 per cent of the education costs to the NIOS, which means the weaver needs to pay only one-fourth of the normal fee. For women and members of Scheduled Caste communities who are weavers, the NIOS will waive the remaining 25 per cent as well, thereby enabling them to study and get a certificate free of cost.
Page-1l:Tension palpable in Darjeeling as GIM says agitation will intensify INDIA Sikkim emmu- Kasthnik NEPAL BHUTAN Darjeeling District tar Pradesh West 2 Tripura Bengal BANGLADESH Matrya Pradesh Mizoform IN DPA Darman a Maharashtra Dadra aned West Bengal Nadi and Nicobar istands DARJEELING DISTRICT For Daily News & Editorial Analysis,you can follow me on Unacademy https://unacademy.com/user/studiousjatin For Daily News & Editorial Analysis,you can follow me on Unacademy https:llunacademy.com/user/studiousjatin
Page 12 World News:Are you with us or with Qatar, Saudi King asks Sharif. Saudi King Salman raised this question during a meeting with Pakistan Prime Minister Nawaz Sharif, who had visited the Gulf Kingdom for finding a diplomatic solution to the Qatar crisis. The Saudi monarch asked Mr. Sharif to take a clear position on Qatar during their meeting "Pakistan has told Saudi Arabia it will not take sides in the brewing diplomatic crisis in the Middle East [West Asia] after Riyadh asked Islamabad Neverthe- less, in order to placate Saudi Arabia, Pakistan offered to use its influence over Qatar to defuse the situ- ation. e Neverthe- less, in order to placate Saudi Arabia, Pakistan offered to use its influence
S: L.GST hiccups for services sector Any pan-India level company having branches across India is facing this situation of not having state-level GSTIN (Goods and Services Tax ldentification Number) Under the current tax system, a service company with multiple offices across India needs to take one service registration number. However, under the GST system, it will be required to get registrations done in each state where it has operations in relation to their branch registrations. For Daily News & Editorial Analysis,you can follow me on Unacademy https://unacademy.com/user/studiousjatin For Daily News & Editorial Analysis, you can follow me on Unacademy https:llunacademy.com/user/studiousjatin
2. Nod for Insolvency Bill for financial entities. . A new Bill to resolve bankruptcy cases affecting financial sector entities, including banks and insurance companies. The Financial Resolution and Deposit Insurance Bill 2017, when enacted, will have a provision for the setting up of a Resolution Corporation, and would also see the repealing or amendment of several resolution-related provisions in Acts pertaining to the particular sectors. . The passage of the Act will also lead to the repealing of the Deposit Insurance and Credit Guarantee Corporation Act, 1961 in order to transfer the deposit insurance powers and responsibilities to the Resolution Corporation For Daily News & Editorial Analysis.you can follow me on Unacademy https://unacademy.com/user/studiousjatin
3. RBl imposes curbs on Central Bank. Officially, RBl has imposed PCA framework earlier on IDBI Bank, Uco Bank, Dena Bank and Indian Overseas Bank. But that doesn't mean that these banks are unsafe for public deposits. . PCA is only a tool under its supervisory framework to maintain sound financial health of banks. ators of the banks as ane warning exercise and is initiated once such thresholds as relating to capital, asset quality etc.are breached. . On bad loan ratios, the RBl said the first threshold will be triggered if a bank's net NPA ratio crosses 6 per cent.
4. India aims to lift 'doing business' ranking. . India is banking on major reforms it carried out in areas such as 'starting a business' and 'dealing with construction permits' to significantly improve its ranking in the next edition of the World Bank's Ease of Doing Business report, which is likely to be released in October. . In the report released last year, India was ranked 130 out of 190 countries_where the country was placed 155 in 'starting a business', and 185 in 'dealing with construction country was placed 155 in starting a business, and 185 in dealing with construction permits. . 'Mumbai, Delhi: On 'starting a business', the time to start/operate a limited liability company in Mumbai and Delhi (the cities covered by the World Bank)- "including the procedures needed before, during and after registration - has been brought down from 26 days last year to just one day now," according to the Government. . The 'Simplified Proforma for Incorporating a Company electronically' (SPICe) is now the only default application for incorporation of companies For Daily News & Editorial Analysis, you can follow me on Unacademy https://unacademy.com/user/studiousjatin
Important Articles and Editorials to be discussed today 1.Lead Article: Musings on London Bridge 2. Editorial-1: Unwise proposal: The proposal for Contempt Power 3. Comment: Big data, big dangers 4. Comment Taking water to Telangana farmers 5. SINGLE FILE: Qatar's isolation For Daily News & Editorial Analysis,you can follow me on Unacademy https://unacademy.com/user/studiousjatin For Daily News & Editorial Analysis, you can follow me on Unacademy https:llunacademy.com/user/studiousjatin