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The Budget 2024-2025 announcement by Union Finance Minister <keyword id="19916618" type="General" weightage="20" keywordseo="Nirmala-Sitharaman" source="keywords">Nirmala Sitharaman</keyword> saw productivity and resilience in <keyword id="19931887" type="General" weightage="20" keywordseo="agriculture" source="keywords">agriculture</keyword> being prioritised above all else. With a desire to turn focus on <keyword id="19934969" type="General" weightage="20" keywordseo="farmers" source="keywords">farmers</keyword>, or Annadatas, ₹1.52 lakh crore has been allocated for agriculture and its allied sectors. This is quite an increase from the Interim Budget announcement of ₹1.27 lakh crore in February 2024. It is being speculated that this substantial focus on the agricultural sector stems from the BJP's vote share dipping in semi-urban and rural areas during the recent Lok Sabha elections. In fact, when Prime Minister <keyword id="19895781" type="General" weightage="20" keywordseo="narendra-modi" source="keywords">Narendra Modi</keyword> returned for a third term in office, the first file he signed was for the release of the 17th instalment of the PM <keyword id="22000840" type="General" weightage="20" keywordseo="kisan-nidhi" source="keywords">Kisan Nidhi</keyword> scheme, ET reported. However, the government's commitment to transforming agriculture and potentially the lives of Indian farmers could lead to the agricultural sector growing at 3.7% in the current fiscal, compared to 1.4% last year, as per the CII. <h2>Key initiatives in agriculture</h2>Transforming Agriculture Research The government is set to conduct a comprehensive review of the agricultural research framework, with an emphasis on enhancing productivity and developing climate-resilient crop varieties. Funding will be allocated on a challenge basis, including to private sector initiatives. This research will be overseen by domain experts from both governmental and non-governmental organizations. Release of New Varieties A total of 109 new high-yielding and climate-resilient varieties of 32 field and horticulture crops will be introduced for farmers to cultivate. Promoting Natural Farming In the next two years, the government plans to transition one crore farmers to natural farming practices, supported by certification and branding efforts. This initiative will be carried out through scientific institutions and willing <keyword id="20030597" type="General" weightage="20" keywordseo="gram-panchayats" source="keywords">gram panchayats</keyword>, with 10,000 bio-input resource centers to be established based on need. Missions for Pulses and Oilseeds To achieve self-sufficiency in pulses and oilseeds, the government will strengthen their production, storage, and marketing. As outlined in the interim budget, a strategy is being implemented to attain 'atmanirbharta' (self-reliance) for oilseeds like mustard, groundnut, sesame, soybean, and sunflower. <div type="Article" hostid="261" msid="111930255" title="Economic Survey calls for urgent agricultural reforms; cites growth hurdles" mstype="2" mssubtype="0"></div>Vegetable Production &amp; Supply Chains Large-scale clusters for vegetable production will be developed near major consumption centers. The government will support Farmer-Producer Organizations, cooperatives, and startups to streamline the vegetable supply chain, including collection, storage, and marketing. Digital Public Infrastructure for Agriculture Building on the success of a pilot project, the government, in partnership with states, will facilitate the implementation of Digital Public Infrastructure (DPI) for agriculture over the next three years. This year, a digital crop survey for Kharif crops will be conducted in 400 districts, integrating details of six crore farmers and their lands into registries. Additionally, Jan Samarth-based Kisan Credit Cards will be issued in five states. Shrimp Production &amp; Export Financial support will be provided to establish a network of Nucleus Breeding Centres for shrimp broodstocks. NABARD will facilitate financing for shrimp farming, processing, and export. National Cooperation Policy A new National Cooperation Policy will be introduced to promote systematic and comprehensive development of the cooperative sector. This policy aims to fast-track rural economic growth and create large-scale employment opportunities. <h2>Budget allocation highlights</h2><ul><li>PM-Kisan Samman Nidhi: Will be retaining its allocation of ₹60,000 crore to provide direct financial assistance to 11.8 crore small and marginal farmers.</li><li>Pradhan Mantri Fasal Bima Yojana: Allocated funds to provide crop insurance to four crore farmers, protecting them from adverse weather conditions.</li><li>e-NAM Expansion: Integration of 1,361 mandis into the e-NAM platform to enhance market efficiency and transparency, benefiting 1.8 crore farmers with an expected trading volume of ₹3 lakh crore.</li></ul><h2>Government committed to Polavaram irrigation project in Andhra Pradesh</h2>The Finance Minister said that the government is fully committed to financing and expeditiously completing the Polavaram irrigation project, which is considered a lifeline for Andhra Pradesh and its farmers. <h2>Future directions</h2>The government aims to increase public and private investment in post-harvest infrastructure and supply chains, promoting aggregation, modern storage, and efficient processing to reduce losses and improve food security. Additionally, the dairy and fisheries sectors will see significant development, with initiatives to boost productivity and exports, contributing to a sustainable and prosperous agricultural ecosystem. <div type="Article" hostid="261" msid="111951205" title="Budget 2024-25: Changes to tax slabs, increased standard deduction and other changes to direct taxation" mstype="2" mssubtype="0"></div>

What does Union Budget 2024-2025 have in store for farmers and the agricultural sector?

<ul><li><keyword id="6354335" type="General" weightage="50" keywordseo="reserve-bank-of-india" source="Orion">Reserve Bank of India</keyword> governor Shaktikanta Das today announced that retail central bank digital currency (<keyword id="6791630" type="General" weightage="100" keywordseo="cbdc" source="Orion">CBDC</keyword>) trial will be launched later this month. </li><li>The wholesale segment of the digital rupee pilot went live with select banks on November 1, with 48 trades executed, amounting to ₹275 crore. </li><li>Das also underlined that the end-to-end digitised Kisan Credit Card-based loans are currently being tested in Madhya Pradesh and Tamil Nadu, with a wider rollout expected to happen in 2023. </li></ul>Reserve Bank of India governor Shaktikanta Das today said that the retail segment trial of central bank digital currency (CBDC) will be launched later this month. This comes a day after the central bank’s digital rupee pilot <a href="https://www.businessinsider.in/business/news/rbi-to-launch-the-nations-first-digital-rupee-pilot-project-for-the-wholesale-segment-today/articleshow/95221874.cms">went live</a> with select banks yesterday for the wholesale segment. “Our endeavour is to try and launch CBDC in a full-fledged manner in the near future. The retail part of the <keyword id="15411645" type="General" weightage="20" keywordseo="CBDC-trial" source="Orion">CBDC trial</keyword> will be launched later this month. But I don’t want to give a target date by which time CBDCs will be launched in a full-scale manner because this is something where we have to proceed very carefully,” Das said in his address at FIBAC 2022, an annual banking conference organised by FICCI. RBI is currently running two pilot projects – CBDC and end-to-end digitised Kisan Credit Card-based (KCC) loans. Das said that the central bank wants to ensure all the technological and other process-related issues are ironed out before they are rolled out on a wide scale. The CBDC pilot is currently limited to the wholesale segment with nine banks having been identified as participants. KCC-based loans are currently only being tested in Madhya Pradesh and Tamil Nadu. <cmsannotation type="cmsannotation" annotationid="There will be tech and process challenges, says Das" comment="subhead" text="There will be tech and process challenges, says Das">There will be tech and process challenges, says Das</cmsannotation> RBI’s CBDC pilot for the wholesale segment on November 1, with select banks like ICICI Bank, Bank of Baroda and IDFC First Bank, saw transactions totalling to ₹275 crore. All in all, 48 trades were executed using CBDC on the first day of the trial, according to data from the Clearing Corporation of India. “It was indeed a landmark moment in the history of money, in the history of currency in our country. Going forward, it will be a landmark achievement so far as the functioning of the entire economy is concerned,” Das said, adding that is going to be a major transformation in the way business is done. However, Das added that the RBI is not in a rush for a wider rollout. “There are going to be some technological challenges and process challenges. We want to iron out all those aspects and introduce it in a manner that the whole process and introduction is thereafter non-disruptive,” Das said. Amongst the key benefits of CBDC include a reduction in costs associated with physical cash management, improving efficiency and innovation in payments, progressing towards a less-cash economy, and providing the public with a risk-free virtual currency. <cmsannotation type="cmsannotation" annotationid="Pilot project on digitised Kisan Credit Card-based loans" comment="subhead" text="Pilot project on digitised Kisan Credit Card-based loans">Pilot project on digitised Kisan Credit Card-based loans</cmsannotation> Earlier in September this year, RBI launched a pilot project in Madhya Pradesh and Tamil Nadu on end-to-end digitised Kisan Credit Card-based loans. Via this system, farmers can apply for loans using their mobile phones, and the banking system can take the process forward. Once the application is initiated by the farmer, data from credit rating agencies, satellite data of the farmer’s land is obtained to determine its condition and what was cultivated on it and analysed using artificial intelligence. Das said that the primary objective of this project is to minimize the amount of time and effort it takes a farmer to obtain a KCC-based loan. He added that the objective right now is to ensure that the issues in the process are ironed out before a wider rollout, which he expects to happen sometime in the calendar year 2023. KCC-based digital loans will not only require banks to upgrade their technologies, but state governments will also have to ensure land records are digitised, Das said. <cmsannotation type="cmsannotation" annotationid="‘Monetary policy actions undergoing a regime shift in advanced economies’" comment="subhead" text="‘Monetary policy actions undergoing a regime shift in advanced economies’">‘Monetary policy actions undergoing a regime shift in advanced economies’</cmsannotation> Das also spoke about how the triple shocks of Covid-19, the Russia-Ukraine war and the turmoil in financial markets are reshaping geopolitics and economic relationships. “The confluence of these factors and circumstances is reverberating speedily across jurisdictions. With monetary policy actions and stances undergoing a regime shift in the advanced economies, the financial conditions have tightened sharply across markets and have accentuated financial stability risks,” Das said. As central banks across the world are raising interest rates, it’s leading to a slowdown as estimated by the International Monetary Fund (IMF). The IMF has projected the global economic growth to contract from 6% in 2021 to 3% in 2022 and 2.7% in 2023. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/markets-break-4-session-winning-streak-to-open-lower-in-early-trade/articleshow/95245774.cms">Markets turn choppy ahead of US Fed monetary policy outcome</a> <a href="https://www.businessinsider.in/business/corporates/news/5g-rollout-to-give-business-a-fillip-says-airtel-ceo-gopal-vittal/articleshow/95230944.cms">5G rollout to give business a fillip, says Airtel CEO Gopal Vittal</a> <a href="https://www.businessinsider.in/sports/news/everything-you-need-to-know-about-kuldeep-sen-team-indias-new-pace-bowler/slidelist/95247221.cms">Everything you need to know about Kuldeep Sen, team India’s new pace bowler</a>

CBDC trial a landmark moment in the history of money: Shaktikanta Das

New Delhi, Nov 21 () The government on Thursday said it has distributed Kisan Credit Card (KCC) to only 8,400 fishermen so far in the country and efforts are being made to reach out to more people.
To give boost to the fishery sector, the government has drafted two key bills, which are expected to be placed in Parliament either in the ongoing or next session, it said.
The National Marine Fisheries (Regulation and Management) Bill 2019 and the other bill on controlling diseases in fish are yet to be approved by the Cabinet.
Addressing an event on the occasion of the World's Fisheries Day here, Fisheries Minister Giriraj Singh said among several measures announced, the government had extended a short term credit facility, which was available to farmers pursuing animal husbandry and fisheries in 2018-19.
"So far, 8,400-odd fish farmers have got KCC. This number is too small when compared to around 2 crore fish farmers in the country. We are going to review and take measures to step up our efforts to reach more people," he said.
In the Budget 2018-19, the government had announced extension of the Kisan Credit Card (KCC) facility to animal husbandry farmers and fishermen to help them meet their working capital requirements.
However, not many cards could be distributed to fish farmers due to lack of awareness and delay in issuing RBI guidelines for implementation of this facility, sources said.
The KCC facility meets the short term credit requirements of rearing of animals, birds, fish, shrimp, other aquatic organisms and for capturing fish.
Stating that there is huge untapped potential in the fishery sector, the minister said that efforts are being to create an atmosphere to increase the income of fish farmers.
The target is to increase the income of fish farmers by five fold in the next five years and therefore a separate ministry carved out to focus on this sector and several schemes have been rolled out to boost production, export and value addition, he said.
Singh said the government is planning to promote cage culture in marine and reservoirs, bring down post harvest loss from 25 per cent 10 per cent, and shrimp cultivation in saline water, among others.
Echoing the views, Animal Husbandry and Fisheries Secretary Rajni Sekhri Sibal said the neighbouring countries, like China, are taking advantage of Indian marine resources due to lack of legislation.
The ministry has drafted the National Marine Fisheries (regulation and Management) Bill 2019 and another on controlling disease in fish, which are likely to come up for discussion in Parliament in the current or next session, she said.
The marine fisheries regulation aims to regulate and manage fisheries in the Exclusive Economic Zone of India and Indian fishing vessels in the high seas and for responsible and long-term sustainable and optimal utilization of marine fish resources, she added.
Minister of state for Animal Husbandry and Fisheries Sanjeev Kumar Balyan said doubling farmers income cannot be possible without focusing on fishery sector and the National Fish Development Board should focus on promoting fish cultivation in north India.
The Board has done enough in South India and as a result Andhra Pradesh and Telangana are much ahead in the fishery sector when compared to other states, he added.
Fish production in India, the world's second largest producer, is about 13 million tonnes at present. LUX BAL

Kisan credit cards given to 8,400 fishermen so far: Govt

New Delhi, Jul 1 () Banks have so far sanctioned a total of Rs 62,870 crore to over 70.32 lakh Kisan Credit Card holders to help them meet their kharif sowing needs. "As on 30.06.2020, 70.32 lakh Kisan Credit Cards have been sanctioned with credit limit of Rs 62,870 crore out of Rs 2 lakh crore concessional credit under the #Aatmanirbhar package. This will benefit 2.5 crore farmers, including fishermen &amp; dairy farmers," Finance Minister Nirmala Sitharaman said in a tweet. In May, the government had said that 2.5 crore farmers, including fishermen and those involved in animal husbandry, would get Rs 2 lakh crore of concessional credit through Kisan Credit Cards under its Rs 20 lakh crore economic stimulus package. The government has also disbursed Rs 24,586.87 crore to cooperative banks, regional rural banks (RRBs) and microfinance institutions, under special liquidity facility by National Bank For Agriculture and Rural Development (NABARD). "As on 30.06.2020, Rs 24,586.87 cr has already been disbursed to Cooperative Banks, RRBs &amp; MFIs under Rs 30,000 cr Special Liquidity Facility by NABARD. This will help 3 cr small &amp; marginal farmers meet their post-harvest and Kharif sowing needs," she said in another tweet. With regard to Rs 2 lakh crore concessional credit to farmers, the government had said a special drive will be undertaken to provide credit to PM-KISAN beneficiaries through Kisan Credit Cards. DP MKJ

Banks sanction Rs 62,870 crore to over 70 lakh Kisan Credit Card holders

At a time when Modi government’s key agenda is building a <keyword id="6369124" type="UNKNOWN" weightage="20" keywordseo="cashless-economy">cashless economy</keyword>, especially after <keyword id="3315394" type="UNKNOWN" weightage="20" keywordseo="demonetisation">demonetisation</keyword>, Finance minister <keyword id="42575" type="PERSON" weightage="20" keywordseo="Arun-Jaitley">Arun Jaitley</keyword>'s announcements outlining a roadmap for cashless payments came as a relief to many Indians. 
 
Here are the highlights of his speech: 
 
- Insurance bought online from customer portal of public sector companies will get 8% discount for life &amp; 10% for general insurance. - Around 4.5 crore consumers purchase fuel every day. For those using cards and <keyword id="6388138" type="UNKNOWN" weightage="20" keywordseo="E-wallets">e-wallets</keyword>, Petrol and Diesel purchases will now attract a 0.75% discount. 
- The government will provide 2 POS or Point of Sale machines for free to each village that has a population of over 8,000. Around 75 crore people will get access to these machines. 
- Monthly and seasonal tickets for suburban train passengers who pay digitally for their tickets will get a 0.5% discount. This discount will be applicable from January 1, 2017. 
-Railways to also give 5% discount on accommodation, catering and retiring room on payment by digital mode. 
- Railways passengers who purchase tickets online will be entitled to an insurance coverage of Rs 10 Lakhs for free. 
-Digital transactions up to Rs 2,000 will be exempted from service tax 
- Highway toll will see 10% discount on digital payments - NABARD will give Rupay card to people who have <keyword id="6362618" type="UNKNOWN" weightage="20" keywordseo="Kisan-Credit-Card">Kisan Credit Card</keyword> 
 
The government clearly is encouraging alternate forms of payment. It aims to push and implement the use of credit cards, debit cards, mobile wallets, and online banking. 
 
All decisions were declared to be implemented with immediate effect.

Cheaper fuel, discounted train tickets: Key benefits by Modi government if you pay online or use e-wallets

In line with the RBI guidelines, <keyword id="6357149" type="COMPANY" weightage="20" keywordseo="hdfc-bank">HDFC Bank</keyword> is offering its customers EMI moratorium and credit card outstanding moratorium as a relief measure. We understand in this current situation there may be disruptions in business leading to low cash flows or the earnings of individuals and self-employed professionals may have been impacted. Our aim through implementing this relief package is to ensure that you can continue to take care of your family, your business and your own self and tide over this temporary situation,” the bank said in a statement. Here are the FAQs and complete details of the EMI moratorium package and ways to avail of it. 1. What is the EMI moratorium provided for loans under COVID 19 - regulatory package? The prevailing situation may pose a huge challenge for people at large. As a measure of solidarity, RBI permitted all Indian banks and financial Institutions to offer its customers up to 3 months moratorium on their EMI payments falling due between Mar 1st, 2020 to May 31st, 2020. 2. Who is eligible? All HDFC Bank customers who have availed of retail instalment loan or any other retail credit facilities prior to 1st March 2020 are eligible. Customers having overdues prior to 1st March 2020 may also opt for the moratorium, and their requests shall be considered by the bank based on its merits. All Agri Loans (Kisan Gold Card) and Microfinance customers under the Bank’s Sustainable Livelihood Initiative are also eligible. All Corporate as well as SME customers are also eligible. The bank’s relationship managers will get in touch with you or you can contact them to get further details. 3. What will happen if I choose the EMI Moratorium? Bank will not ask for any EMI Payment till May 31st 2020. Interest will continue to accrue on the principal outstanding for the period of the moratorium at the contracted rate of the loan.The loan tenure will get extended by the corresponding period for which the moratorium has been availed. For example, if the EMI for the month of Mar’2020 has been paid and moratorium for April and May’2020 has been availed, then the loan tenure will be extended by 2 months. 4. If I do not want the EMI moratorium, what should I do? If you do not want the EMI moratorium, no further action is required from your side. We will continue to bank your repayment instructions. We encourage customers with adequate funds to continue paying during this period to avoid the extra interest charges and tenor extension. However, if you skip your EMI payment during this period, it is understood that you require EMI moratorium till May 2020. 5. Why was my account debited when the RBI has announced a moratorium? Opting for the moratorium is entirely the customers’ choice. We understand that all our customers may not opt for the moratorium given that there is an additional levy of interest payable under the terms of the moratorium. If you wish to opt for the moratorium, banks can refund the EMI debited and register your loan account under the moratorium process. 6. What charges will I pay, if I avail of this EMI moratorium? If you avail the EMI moratorium, there will be a levy of interest at the contracted rate of the loan for the period of EMI moratorium on the loan outstanding. Such interest will be collected by extending the original tenor of the loan accordingly. 7. How do I get this EMI moratorium? You will have to provide your consent to the bank through any of the following ways:- Call on this number and follow the instructions – 022-50042333, 022-50042211 , 8. I have more than one loan from HDFC Bank (Eg. Personal Loan &amp; Car Loan). Can I get EMI moratorium for both the loans? Yes, you can opt for an EMI moratorium for each loan that you have availed from us. Please remember that additional interest for the EMI moratorium period will be applicable for each loan separately. 9. What if I have already paid my EMIs and would like to avail the moratorium till 31st May 2020? You can avail of the moratorium benefits for the unpaid EMIs. Please follow the process given above for availing the moratorium 10. Does the moratorium affect my Credit Rating? No. Opting for the EMI moratorium will not affect your Credit Rating or Score. 11. Does this moratorium apply for Credit Card outstanding and Loans on Credit Cards? Yes, the moratorium is available on Credit Card outstanding and Loans availed on Credit Cards for payments due from 01 Mar 2020 till 31 May 2020. The moratorium allows you to defer the payment till 31 May 2020. You are required to pay the minimum amount due or total outstanding and accrued interest charges on the due date after 31st May 2020. 12. Are all credit card customers eligible for this moratorium? Yes. All retail credit card customers will be deemed eligible for the moratorium if they are regular with their payments on or before 01st March'20 on their credit card outstanding and loans taken on the credit card 13. How do I avail the credit card moratorium? To avail the credit card moratorium, (a) voluntarily defer paying the outstanding during this period i.e. make NIL payment (b) turn off Auto Pay (in case the same is currently availed) through net banking / mobile banking to avail the benefit of the moratorium and reactivate the same post the end of moratorium period. 14. Will interest be levied for the moratorium period on my credit card outstanding and loan on credit cards? Yes, interest will be levied as per the contracted rate on the card. Opting for a 3-month moratorium allows you to defer the payment of your credit card dues and loan instalments taken on credit cards till 31st May 2020. We encourage customers to make full payments towards the outstanding wherever possible to avoid / minimise levy of interest charges for this period. Kindly note that the moratorium is a deferment of payment and not a waiver of interest. You are required to pay the minimum amount due or total outstanding along with accrued interest charges on the due date after 31st May 2020. The moratorium is applicable for credit facilities availed in India. See Also - <a href="https://www.businessinsider.in/india/news/how-to-avail-three-month-moratorium-for-icici-bank-emi-and-credit-cards/articleshow/74941936.cms">How to avail three-month moratorium for ICICI Bank EMI and credit cards</a>

Can I defer my credit card payments and FAQs on HDFC Bank’s moratorium process answered

<ul><li>Despite a volatile market, these <keyword id="6354298" type="DEFINITION" weightage="20" keywordseo="Stocks">stocks</keyword> have seen a strong rally over last one month. </li><li>CG Power is up over 61% in the past one month.</li><li>Lemon Tree is up over 29% in the past one month.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>In a volatile market, each and every bet of yours needs a second thought. The Indian stock market is still recovering from the impact of COVID-19 pandemic. In the last one month, benchmark index <keyword id="6484188" type="COMPANY" weightage="20" keywordseo="sensex">Sensex</keyword> has gained 5%. But, these following stocks have stood out with its stellar rally in the past month — and here’s why. <table style="width:145.55pt;margin-left:4.55pt;border-collapse:collapse;mso-yfti-tbllook: 1184;mso-padding-alt:0in 5.4pt 0in 5.4pt"> <tbody><tr> <td style="width:97.55pt;border:solid windowtext 1.0pt; mso-border-alt:solid windowtext .5pt;padding:0in 5.4pt 0in 5.4pt;height:15.0pt"> Stocks </td> <td style="width:48.0pt;border:solid windowtext 1.0pt; border-left:none;mso-border-top-alt:solid windowtext .5pt;mso-border-bottom-alt: solid windowtext .5pt;mso-border-right-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;height:15.0pt"> Growth in last one month </td> </tr> <tr> <td style="width:97.55pt;border:solid windowtext 1.0pt; border-top:none;mso-border-left-alt:solid windowtext .5pt;mso-border-bottom-alt: solid windowtext .5pt;mso-border-right-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;height:15.0pt"> Lemon tree </td> <td style="width:48.0pt;border-top:none; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;mso-border-right-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:15.0pt"> 29.26% </td> </tr> <tr> <td style="width:97.55pt;border:solid windowtext 1.0pt; border-top:none;mso-border-left-alt:solid windowtext .5pt;mso-border-bottom-alt: solid windowtext .5pt;mso-border-right-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;height:15.0pt"> CG Power </td> <td style="width:48.0pt;border-top:none; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;mso-border-right-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:15.0pt"> 61% </td> </tr> <tr> <td style="width:97.55pt;border:solid windowtext 1.0pt; border-top:none;mso-border-left-alt:solid windowtext .5pt;mso-border-bottom-alt: solid windowtext .5pt;mso-border-right-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;height:15.0pt"> Balaji Amines Limited </td> <td style="width:48.0pt;border-top:none; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;mso-border-right-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:15.0pt"> 16% </td> </tr> <tr> <td style="width:97.55pt;border:solid windowtext 1.0pt; border-top:none;mso-border-left-alt:solid windowtext .5pt;mso-border-bottom-alt: solid windowtext .5pt;mso-border-right-alt:solid windowtext .5pt;padding: 0in 5.4pt 0in 5.4pt;height:15.0pt"> SBI card </td> <td style="width:48.0pt;border-top:none; border-left:none;border-bottom:solid windowtext 1.0pt;border-right:solid windowtext 1.0pt; mso-border-bottom-alt:solid windowtext .5pt;mso-border-right-alt:solid windowtext .5pt; padding:0in 5.4pt 0in 5.4pt;height:15.0pt"> 14% </td> </tr> </tbody></table> Lemon Tree is up over 29% in the past one month <keyword id="46252" type="PERSON" weightage="20" keywordseo="Motilal-Oswal">Motilal Oswal</keyword> has a ‘Buy’ rating for Lemon Tree with a target price of ₹33. “Lemon Tree Hotels’ cost-saving initiatives have aided in achieving positive Earnings before interest, taxes, depreciation and amortization (higher than the estimate). This is commendable in our view, especially at a time when hotel players have either reported or are likely to post EBITDA loss (for players yet to announce results),” the report said. The company has gradually made its hotels operational with 86% of its inventory operational in June compared to 58% in April. “Some cost-cutting measures shall also persist post-COVID-19, which should increase EBITDA margin by 500–700bp,” the report said. CG Power is up over 61% in the past one month CG power has been in the news for various reasons in the past month. The company in late July completed the divestment process of its subsidiary, CG Service Systems France SAS (SEFR). Last week CG Power and Industrial Solutions also informed stock-exchanges that Murugappa Group company Tube Investments of India would be investing ₹700 crore to acquire 51% stake in the company. Balaji Amines is up over 16% in the past one month The chemical manufacturing company, Balaji Amines shares, have been riding on the hopes of manufacturing gains amid the pandemic. Also being one of the essential item manufacturers, Balaji Amines saw relatively smooth business operations during the lockdown period. The company’s net profit rose 72.11% to ₹32.96 crore in the quarter ended June 2020. SBI Card is up over 14% in the past one month The shares of the second-largest credit card issuer SBI Card is expected to gain more in the coming days, according to Geojit Financial Services. The brokerage has a ‘Buy’ call with a target price of ₹851. Earlier on July 21, the company also posted a 13.80% year-on-year (YoY) rise in net profit at ₹393.29 crore for the quarter ended June 30. SEE ALSO: <a href="https://www.businessinsider.in/india/news/here-is-how-you-can-check-prime-minister-kisan-samman-nidhi-scheme-beneficiaries-list/amp_articleshow/75323061.cms" data-type="tilCustomLink">How you can check PM Kisan scheme beneficiaries status and list</a> <a href="https://www.businessinsider.in/india/news/pm-kisan-samman-nidhi-scheme-sixth-instalment-will-be-sent-to-10-crore-farmers-from-august-1/articleshow/76885301.cms" data-type="tilCustomLink">PM Kisan Samman Nidhi scheme's sixth instalment will be sent to 10 crore farmers from August 1</a>

Profitable stocks in last one month—Lemon Tree, CG Power, Balaji Amines Limited, SBI Card

A government committee headed by external affairs minister <keyword id="6355111" type="PERSON" weightage="20" keywordseo="Sushma-Swaraj">Sushma Swaraj</keyword> has decided to frame a national policy that would benefit women. The government is aware of the fact that women in Indian society are often deprived of convenience that men enjoy. Keeping that in mind, the policy may lower income tax for single women, bring in Aadhar-linked health cards for basic health checkups at zero cost and introduce cashless medical facilities for pregnant women. The long standing demand from women to make <keyword id="4503887" type="UNKNOWN" weightage="20" keywordseo="sanitary-napkins-free">sanitary napkins free</keyword> would be dealt by waiving off taxes over women hygiene products. Another major issue that cripples movement of women on road is lack of proper sanitation. However, this policy would ensure availability of clean public toilets. There have often been incidents where NRI women are affected by matrimony related disputes including domestic violence. The policy is being framed keeping the same in mind. By 2030, each workplace across the country would be asked to have at least 50% of workforce comprising of women. For the women from rural background, the government intends to start <keyword id="251740" type="PERSON" weightage="20" keywordseo="Kisan">Kisan</keyword> credit cards, which would have lower interest rates for women. Prime Minister’s pet project <keyword id="6392137" type="UNKNOWN" weightage="20" keywordseo="Jan-dhan-Yojana">Jan Dhan Yojana</keyword> and Sarv Shiksha Abhiyan would cover all rural women and aim at making them 100% literate.

A new policy on women to exempt taxes on sanitary napkins soon

<ul><li>Shares of <keyword id="6357149" type="General" weightage="20" keywordseo="hdfc-bank" source="Orion">HDFC Bank</keyword>, gained close to 2% on Monday’s trade to ₹1,625 apiece on rural banking expansion plans.</li><li>As part of the plan, the lender also plans to hire 2,500 people over the next six months.</li><li>The bank’s management, in its July earnings call, had also indicated that the lender is looking at “solid growth” in the ongoing financial year. </li></ul>Shares of private sector lender, HDFC Bank, gained close to 2% on Monday’s trade to ₹1,625 apiece as its management looked to double the bank’s rural reach to over two lakh villages over the next two years. "India's rural and semi-urban markets are under-served in credit extension. They present sustainable long-term growth opportunities for the Indian banking system,” said Rahul Shukla, group head – commercial and rural banking at HDFC Bank in a press <a href="https://www.hdfcbank.com/personal/about-us/news-room/press-release/2021/q3/hdfc-bank-to-double-its-rural-reach-to-2-lakh-villages-in-2-years">statement</a> on Sunday. The statement was issued by the bank on the same day when Finance minister Nirmala Sitharaman prodded banks to expand their rural presence at an Indian Banks' Association event. "Even today many panchayats don't have a bank branch. I am not saying that you need to have a physical presence everywhere, digitisation has saved a lot of costs without compromising the service banks provide," she said on Sunday. As part of the plan, the lender also plans to hire 2,500 people over the next six months. The move, it said, will help the lender to expand its reach to one-third of rural India, while extending its leadership in lending to micro, small and medium enterprises. Currently, HDFC Bank offers its products and services to micro, small and medium enterprises (MSMEs) in over 550 districts. As of June 30, the bank had close to half of its 5,653 branches in semi-urban and rural India, along with 15,912 banking correspondents. Of its total retail advances worth ₹5.23 lakh crore, Kisan Gold card formed close to 9% at ₹46,868 crore. The bank’s commercial and rural banking loan book, as of June 30, rose 25% year-on-year to ₹3.86 lakh crore. HDFC Bank: Rural Banking Portfolio On A Steady Rise <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">In Rs Lakh Crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30-Jun-20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">31-Mar-21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30-Jun-21 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail Loans </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.19 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.61 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">4.58 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Commercial &amp; Rural Banking Loans </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> 3.08 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.71 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.86 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Other Wholesale Banking Loans </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">2.86 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.09 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.15 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10.14 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> 11.43 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">11.59 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Source: Public disclosures The rise in HDFC Bank stock prices in today’s trade, said Siji Philip, senior research analyst at Axis Securities, is a function of its management’s positive commentary on future growth, as well as its announcement to expand rural banking in the country. <div type="image" title="snapshot-1632724722101" msid="86549824" hostid="261"></div> “HDFC Bank management has been indicating positive growth in the current financial year with a strong comeback on the operating performance front. The growth in HDFC Bank’s stock price is also partly led by a strong market sentiment that has prevailed as the fear of an impending third COVID wave has weakened,” she said. The bank’s management, in its July earnings call, had also indicated that the lender is looking at “solid growth” in the ongoing financial year. “If I were to take any insights and share with you for the first 15 days trends for the month of July '21, HDFC Bank is echoing the projection of almost 100% of pre-COVID levels on the disbursement. And that gives me the optimism that in quarter two, which is July, August and September, we should be in a position to scale up rapidly on our growth rates,” said Arvind Kapil, the bank's country head for retail assets at HDFC Bank’s earning call in July. “...our assessment and our belief is that we should be back on course to achieve the original financial year plans and should close the year on a solid growth for the financial year,” he said. Last week, the bank said it would launch co-branded credit cards in partnership with Paytm. The launch, planned in October, it said will coincide with the festive season as the lender looks to tap into potentially higher consumer demand for credit card offers, EMIs and Buy Now Pay Later options, with the full suite of products to be on offer by the end of December. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/scientists-say-this-new-smartphone-sensor-can-detect-when-someone-consumes-marijuana/articleshow/86547421.cms">Scientists say this new smartphone sensor can detect when someone consumes marijuana</a> <a href="https://www.businessinsider.in/stock-market/news/reliance-industries-shares-hit-record-high-trading-at-over-2500/articleshow/86547883.cms">Reliance Industries’ shares hit record high, trading at over ₹2500 in early morning trade</a>

You Searched For "kisan credit card " and got 9 results

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