Showing posts with label government. Show all posts
Showing posts with label government. Show all posts

Sunday, January 12, 2014

More Loans for farmers

The banks have been directed specifically made ​​available to the farmers as loan demand . Farmers better monsoon coming from the application of too much debt .
Read : Another farmer suicides
It is believed that during the current financial year 2013-14 agricultural lending banks may have up to eight lakh crore . First , the central government had set a target of Rs seven million .
Finance Minister said that the Finance Ministry has asked banks and financial institutions , " they give more credit to farmers . If the goal is to give something lakh farmers have too much debt is not the point . " The annual target for the fourth consecutive year when the bank will distribute more agricultural loans .
According to sources in the Ministry of Finance annually during the first five months of the current fiscal target (Seven lakh crore ) was allocated 40 per cent of agricultural loans . After two months, the pace of farm debt has risen . The next two - three months and it is likely to increase . For the first time, private banks are also targets for agricultural loans . This is also the reason that farmers get more money . Farming subsidies on loans the government is giving three per cent . From this perspective , only four per cent interest on loans to farmers who repay loans get .
Agricultural loans over the past few years

the target continuously being shared . Target of Rs 3.75 lakh crore in 2010-11 , but was divided on actual debt of 4.68 lakh crore . Target of Rs 5.75 lakh crore during the last financial year , but was disbursed loans over Rs 6.07 lakh crore . Farmers during the current fiscal year, the country's financial institutions could get a loan of Rs eight lakh crore .

Saturday, January 11, 2014

Etihad will have 5 Boeing 777 of Air India

Air India, Etihad Airways of Abu Dhabi 's five largest aircraft Boeing 777 soon, the government may decide to sell . According to sources, the proposal before the Cabinet for approval soon be placed .
Gulf Air India earlier this month, the company has finalized the deal . Now it is important to allow the government . Etihad earlier 24 per cent stake in domestic carrier Jet Airways . Air India and Etihad financial details of the deal have not given aircraft . But it is estimated that the five large- sized aircraft sales to Air India to get Rs 2,000 crore . The average age of the fleet is six years . The funds of the Company will partially pay off his debts .


Both airlines had signed a letter of intent in October . National carrier after it was approved by the Board . Etihad supply these planes next year from March to April will begin .

Etihad already long passages such as these planes by June next year, Abu Dhabi - Los Angeles announced the figure . The aircraft can fly at a time of 17 thousand kilometers . To reduce the debt burden of Air India plans to sell eight large aircraft . The first tender issued by the company showed no interest in any company . Etihad to tender for the second time wanted to buy five aircraft .

Friday, January 10, 2014

High Speed Trains Soon Will Be In India

Even if the high-speed train project in the country to run away but still received government approval in principle to the field of foreign investment [ FDI ] is busy preparing for the opening . Also with the help of foreign capital in other areas of the railway network expansion blueprint was developed by the Ministry of Commerce . Cabinet note in this regard , the Ministry sent to the Ministry concerned .
According to sources, the Ministry of Commerce approved the proposal of the cabinet can get the same month . If so many of the cash -starved railway investment projects will find a new source . For foreign companies to invest in the country in which they will be new territory . Currently, FDI is not allowed in any area of ​​the railway .

Under the Department of Industrial Policy and Promotion , Ministry of Commerce


 hundred per cent FDI through the automatic route in this area has to offer .
Also licensed to other areas of railway and advocated open to foreign companies . The existing rail network linking the site to a litter of one per cent FDI include rail lines . These ports , mines and rail links connect major industrial hub . With the rapid industrial growth - exports will also help in delivering the goods to ports and reduce the cost of companies . Also suburban corridor and public-private partnership [ PPP ] Dedicated Freight Corridor Become proposal also involves opening up to FDI . However , the operation of trains and security sector will not be opened to foreign companies .