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The Hindu
5 minutes ago
- The Hindu
PM Kisan Samman Nidhi scheme is testament to Modi government's commitment to welfare of farmers: Bandi Sanjay Kumar
The Narendra Modi government had spent a whopping ₹71 lakh crore on farmers' welfare, agriculture and allied sectors in the last 11 years, said Union Minister of State for Home Affairs Bandi Sanjay Kumar. Over ₹3.89 lakh crore had been credited to the bank accounts of nearly 9.7 crore farmers across the country through direct benefit transfer (DBT) mode since the launch of the PM Kisan Samman Nidhi scheme, Mr. Sanjay said. Speaking at a meeting held on the occasion of PM Kisan Utsav Diwas in Choppadandi town of Karimnagar district on Saturday, the Union Minister said these landmark Central schemes bear testament to Modi government's commitment to welfare of farmers. Later, Mr. Sanjay handed over bicycles to Class X students of government schools in Choppadandi mandal at a programme held on the premises of the Government Boys High School in the mandal headquarters town.
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Business Standard
5 minutes ago
- Business Standard
Shah praises ₹20,500 crore PM-Kisan release, calls it farmer-friendly
Union Home Minister Amit Shah on Saturday hailed the disbursement of Rs 20,500 crore to 9.7 crore farmers under the Kisan Samman Nidhi and said it was yet another "farmer-friendly" step of Prime Minister Narendra Modi. While visiting his parliamentary constituency Varanasi on Saturday, Modi also inaugurated and laid the foundation stone for 52 development projects worth approximately Rs 2,183.45 crore. In a major move to support farmers, the prime minister released the 20th instalment of the PM-Kisan Samman Nidhi, transferring Rs 20,500 crore to the bank accounts of over 9.70 crore eligible farmers across the country at a function held in his parliamentary constituency. "Farmer-friendly Modi ji today took another step towards farmer welfare by releasing the 20th installment of the 'Kisan Samman Nidhi' from Kashi. Under this, a total amount of more than Rs 20,500 crore was transferred to over 9.7 crore farmers across the country through DBT," he wrote on X in Hindi. Additionally, Shah said, the prime minister also laid the foundation stone and inaugurated various development projects worth Rs 2,200 crore for Varanasi. He said these projects related to infrastructure, education, health, tourism and cultural heritage will play a significant role in the reconstruction of Kashi and for public welfare.
The Hindu
an hour ago
- The Hindu
U.S. is the largest market for some of the Indian textile and engineering goods, say exporters
Exporters of textiles, garments, and engineering goods fear that the 25% tariff imposed by the U.S. will not only lead to loss of orders but also put them in a quandary as no other market has the high volume demand as the U.S. The Union Minister for Commerce and Industry Piyush Goyal met delegations from the textile and engineering export councils on Friday. 'We have impressed upon the Minister that for some of the textile products, 60% to 70% exports goes to the U.S. We cannot get such high volume from any other market and if we lose the US buyers, companies supplying these products will be hit hard,' said one of the textile exporters. In the case of engineering goods too, the U.S. is the leading buyer for some of the products for several years. 'The competing countries have relatively lesser tariff. Countries that have tariff higher than India are really not competitors. Hence, there should be a detailed study now on the product lines that will be hit by the 25% tariff,' said an engineering exporter. The exporters have urged the government to reintroduce the interest subvention scheme. Indian exporters, mainly the micro, small and medium-scale enterprises, have 2% to 3% disadvantage because of the high interest rates in India compared to the competing countries. Now, they will face higher cost disadvantage because of the tariff. The exporters have also sought supportive measures from the government so that they can supply at competing prices to the U.S. buyers.
