New Delhi: India has begun work on a capital investment subsidy scheme for the gems and jewellery industry to spark a massive technological upgrade. Similar funds are available to other export and employment oriented sectors of textiles and leather. The scheme, being discussed by the government, would promote investment in gems and jewellery machinery manufacturing. Under the scheme, the government would provide subsidy for any technological upgrade of the sector to help it foray into high-value added products besides reducing cost for its staple cutting and polishing. A Technology Upgradation Scheme (TUF) for the gems and jewellery sector is in the works as the government seeks to reduce the capital cost for the industry. “There is a suggestion and discussions are at a very early stage. The idea is that technology should improve for the entire industry,” said an official. The scheme will facilitate increase in productivity, cost and waste reduction, improved … [Read more...] about Subsidy scheme in the works for tech upgrade of gems & jewellery industry
By Nirmal Jain Have you seen the glee in the eyes of politicians when they announce loan waiver schemes for farmers? No prizes for guessing whether their eyes are filled with mercy for farmers or avarice for votes. A few weeks ago, the chairperson of the largest state-owned bank sensibly voiced her concern that the loan waiver could upset credit discipline. Some of the legislators had the audacity to demand her apology for this. For them, we are reminded of Jesus’ last words 'Father, forgive them for they do not know what they are doing'. But there are many people in the government and bureaucracy who know what they are doing. The smaller issue is that they are making bad banks, worse. The larger issue is if the Indian farmer is destined to live in destitution and die in debt? Let us take the smaller issue first. In theory, the burden of loan waiver is borne by the state governments. Its immediate impact may be a slight fall in NPAs but it does spoil credit culture and makes … [Read more...] about View: Is Indian farmer destined to live in destitution and die in debt?
Drip irrigation and sprinkler irrigation facility would be provided for 4,070 hectares at a cost of ₹27.49 crore. Besides, under sub-surface water management, new deep borewells would be sunk and motor pump with pipelines, water storage tanks would be provided at a cost of ₹5.37 crore. … [Read more...] about ₹32.86 crore allocated for horticulture farms in Virudhunagar
In the petition, Tangedco states that the demand charges paid by OA consumers to Tangedco was only ₹0.88 per unit while the total fixed cost paid by the State electricity utility was ₹2.30 per unit resulting in the under-recovery of ₹1.42 per unit. The under-recovery is for the financial year 2018-19. The petition states Tangedco has suffered loss of ₹2,383 crore through supply of 16,784 million units in 2018-19. … [Read more...] about Citing loss, Tangedco wants Open Access consumers to pay additional surcharge
Disclosing this in a press release, Collector T. Anand has said that the State government extends a subsidy of 40% of the project cost while the Union government would be providing 30% of the cost as subsidy. Thus the beneficiary has to contribute the remaining 30% of the project cost. … [Read more...] about Tiruvarur to get 405 solar-powered farm pumpsets