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Odisha to provide Rs 1,040 cr credit to 7 lakh landless farmers

PTI Bhubaneswar The Odisha government has launched a scheme ‘Balaram’ to provide agricultural credit of Rs 1,040 crore to landless farmers who are facing hardships due to the coronavirus outbreak, officials said on Friday. Around seven lakh landless cultivators will be benefited from the programme in the next two years, they said. The decision in this regard was taken at …

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Migrants’ identification limits foodgrain distribution to 13%

IANS New Delhi Migrant workers have caught the attention of the nation during the ongoing corona pandemic, but it has become difficult for the states to distribute free foodgrains to them. Only 13 per cent of the foodgrains allocated under the ‘Aatmanirbhar Bharat’ scheme has been distributed while in some states such as Andhra Pradesh, Telangana and Goa, there has …

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IndiGo expects traffic to rebound

New Delhi: Despite COVID-19 induced economic challenges, senior executive of airline major IndiGo estimates a rebound in domestic passenger traffic within the next 5 months. Accordingly, the airline’s Chief Commercial Officer, William Boulter is encouraged by the fact that demand has sustained since the restart of operations on May 25. Passenger air services were suspended on March 25 due to …

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Rs 909.85 cr sanctioned for permanent NIT campus in Uttarakhand

Dehradun: The Centre has sanctioned Rs 909.85 crore for the construction of a permanent campus of the National Institute of Technology in Pauri district of Uttarakhand. An official statement said Rs 831.04 crore out of the total amount sanctioned by the Union Ministry of Human Resource Development will be spent on building a permanent campus at Sumari village in the …

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India needs Rs 50-60 lakh cr foreign investments: Gadkari

New Delhi: India needs foreign direct investments worth Rs 50 to 60 lakh crore and the money can be tapped mainly through infrastructure projects as well as MSME sector to accelerate the wheels of coronavirus-hit economy, according to Union minister Nitin Gadkari. Emphasising that at this juncture Foreign Direct Investment (FDI) is the need of the hour, the senior minister …

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BIZ SCAN

Manorama Industries YoY PAT up by 22% Mumbai : Manorama Industries, one of the leaders in Specialty Butters, Fats and Cocoa Butter Equivalents (CBE), announced its results on June 29 where it announced a YoY revenue increase of 83.83%, EBITA increase of 55.99% and PAT increase of 22.43%. On an H2 comparison basis while its revenue increased 37.65%, the PAT …

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Software provider Amdocs to lay off 1,000 employees

New Delhi: US-based software and communications service provider Amdocs is laying off around 1,000 employees amid uncertainties surrounding the financial recovery owing to the ongoing Covid-19 pandemic, the media reported on Thursday. According to a report in Israeli-based website Calcalist, Amdocs’s quarterly earnings is around $1 billion and a huge part of it – nearly $691 million – comes from …

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India to be powerful with PM’s ‘Atmanirbhar Bharat’ mission

PTI Kolkata Asserting that 2020 will be a turning point for India, Union Minister Arjun Ram Meghwal on Tuesday said Prime Minister Narendra Modi’s ‘Atmanirbhar Bharat’ (self-reliant) mission will give the country the much-needed thrust to become a major power in the world. Addressing a virtual rally for the people of Bengal, which was attended by Asansol MP and Union …

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Rs 933 cr distributed to 28,000 MSMEs in Assam: Sonowal

PTI Guwahati Assam Chief Minister Sarbananda Sonowal on Tuesday said Rs 933 crore have been provided as assistance to 28,000 MSME units in the state under the Rs 3,00,000 crore package announced for the sector by Prime Minister Narendra Modi.  Sonowal also said that his BJP-led government has launched a special scheme for providing free houses to the labourers of …

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Solar gear imports from China face double taxation

IANS New Delhi Solar equipment imports, largely from countries such as China, may soon come under double taxation with the Director General of Trade Remedies (DGTR) looking to consider continued imposition of 15 per cent safeguard duty (SGD) on imports of solar cells and modules beyond the cutoff date of July 29. The DGTR is scheduled to do oral hearing …

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