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Long Term Irrigation Fund
The Long Term Irrigation Fund (LTIF) is a fund under the National Bank for Agriculture and Rural Development (NABARD) for implementation of major and medium irrigation projects in India. Operations It was announced by Union Finance Minister, Arun Jaitley during the Union Budget Speech 2016-17 with an initial corpus of Rs. 20,000 crore. In the 2017-18 budget, another Rs. 20,000 were allocated. In addition, Rs. 5,000 crore were allocated for encouraging micro irrigation. During 2016-17, the LTIF sanctioned Rs. 49,889.60 crore and released Rs.9,086.03 crore. In 2018, NABARD sanctioned 12,773 crore to Maharashtra for 26 projects. The LTIF has identified 99 projects to fund in 18 states. In addition, it funds the Polavaram National Project in Andhra Pradesh and North Koel Reservoir Project in Bihar and Jharkhand Jharkhand (; ; ) is a state in eastern India. The state shares its border with the states of West Bengal to the east, Chhattisgarh to the west, Uttar Pradesh t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Bank For Agriculture And Rural Development
National Bank for Agriculture and Rural Development (NABARD) is an apex regulatory body for overall regulation of regional rural banks and apex cooperative banks in India. It is under the jurisdiction of Ministry of Finance, Government of India. The bank has been entrusted with "matters concerning policy, planning, and operations in the field of credit for agriculture and other economic activities in rural areas in India". NABARD is active in developing and implementing financial inclusion. Background Source: NABARD was established on the recommendations of B. Sivaramman Committee (by Act 61, 1981 of Parliament) on 12 July 1982 to implement the National Bank for Agriculture and Rural Development Act 1981. It replaced the Agricultural Credit Department (ACD) and Rural Planning and Credit Cell (RPCC) of Reserve Bank of India, and Agricultural Refinance and Development Corporation (ARDC). It is one of the premier agencies providing Rs.14080 crore (100% share). The authorized ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Irrigation In India
Irrigation in India includes a network of major and minor canals from Indian rivers, groundwater well based systems, tanks, and other rainwater harvesting projects for agricultural activities. Of these groundwater system is the largest. In 2013–14, only about 36.7% of total agricultural land in India was reliably irrigated, and remaining 2/3 cultivated land in India is dependent on monsoons. 65% of the irrigation in India is from groundwater. Currently about 51% of the agricultural area cultivating food grains is covered by irrigation. The rest of the area is dependent on rainfall which is most of the times unreliable and unpredictable. Indian government launched a demand side water management plan costing INR6000 crore or USD854 million across 8,350 water stressed villages of 78 districts in seven states – Gujarat, Haryana, Karnataka, Madhya Pradesh, Maharashtra, Rajasthan and Uttar Pradesh – over five years from 2021–2022 to 2026–27, with the view to harvest rainwat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Minister Of Finance (India)
The Minister of Finance (Vitta Mantrī ) (or simply, the Finance Minister, short form FM) is the head of the Ministry of Finance of the Government of India. One of the senior offices of the Union Cabinet, the finance minister is responsible for the fiscal policy of the government. A key duty of the Finance Minister is to present the annual Union Budget in Parliament, detailing the government's plan for taxation and spending in the coming financial year. Through the Budget, the finance minister also outlines allocations to all the ministries and departments. The Minister is assisted by the Minister of State for Finance and the junior Deputy Minister of Finance. There have been a number of Ministers of Finance that went on to become the Prime Minister; Morarji Desai, Charan Singh, Vishwanath Pratap Singh and Manmohan Singh and also to serve as the President; R.Venkataraman and Pranab Mukherjee. Several Prime Ministers have also gone on to hold the position of Minister of Financ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arun Jaitley
Arun Jaitley (28 December 1952 – 24 August 2019) was an Indian politician and attorney. A member of the Bharatiya Janata Party, Jaitley served as the Minister of Finance and Corporate Affairs of the Government of India from 2014 to 2019. Jaitley previously held the cabinet portfolios of Finance, Defence, Corporate Affairs, Commerce and Industry, and Law and Justice in the Vajpayee government and Narendra Modi government. From 2009 to 2014, he served as the Leader of the Opposition in the Rajya Sabha. He was a Senior Advocate of the Supreme Court of India. He oversaw the introduction of the Goods and Services Tax which brought the country under one GST regime, demonetisation, merger of Railway budget with general budget and introduction of Insolvency and Bankruptcy Code. Jaitley decided not to join the second Modi Cabinet in 2019, due to health issues. He was awarded the Padma Vibhushan, India's second highest civilian award, posthumously in 2020 in the field of Public ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2016 Union Budget Of India
The 2016 Union budget of India is the ''annual financial statement'' of India for the fiscal year 2016–2017. It was presented before the parliament on 29 February 2016 by the Finance Minister of India, Arun Jaitley. The printing of the budget documents began with a traditional ''Halwa ceremony'' on 19 February 2016. For Budget 2016-17, the government invited suggestions from citizens through Twitter for the first time, even conducting a series of polls to gauge public priorities and expectations from the Budget. Key points revenue loss through direct tax proposals, and revenue gain through indirect tax proposals. Revenue gain of in Union Budget 2016 proposals. Surcharge was increased from 12% to 15% on tax on all incomes above and those earning dividend of over per annum will now have to pay tax on it. Monetary limit for deciding an appeal by a single member Bench of ITAT enhanced from to . STT (Securities Transaction Tax) was retained at 0.1% for delivery based equiti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2017 Union Budget Of India
The 2017 Union Budget of India is the * Annual Financial Statement (AFS) mandated by Article 112 of Constitution of India * Demands for Grants mandated by Article113 of Constitution of India * Appropriation Bill mandated by Article 114(3) of Constitution of India * Finance Bill mandated by Article110(a) of Constitution of India * and other documents presented as per the provisions of the Fiscal Responsibility and Budget Management Act, 2003. for the financial year 2017 – 2018. It was presented before the parliament on 1 February 2017 by the Finance Minister of India, Arun Jaitley with 21.47 lakh crore rupees (US$336.39 billion) budget size. The Finance Minister of India started speech by quoting "Madam Speaker, On this auspicious day of Vasant Panchami, I rise to present the Budget for 2017-18. Spring is a season of optimism. I extend my warm greetings to everyone on this occasion." In his speech the Finance Minister of India, Arun Jaitley has quoted that the Agenda ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Andhra Pradesh
Andhra Pradesh (, abbr. AP) is a state in the south-eastern coastal region of India. It is the seventh-largest state by area covering an area of and tenth-most populous state with 49,386,799 inhabitants. It is bordered by Telangana to the north-west, Chhattisgarh to the north, Odisha to the north-east, Tamil Nadu to the south, Karnataka to the west and the Bay of Bengal to the east. It has the second longest coastline in India after Gujarat, of about . Andhra State was the first state to be formed on a linguistic basis in India on 1 October 1953. On 1 November 1956, Andhra State was merged with the Telugu-speaking areas (ten districts) of the Hyderabad State to form United Andhra Pradesh. ln 2014 these merged areas of Hyderabad State are bifurcated from United Andhra Pradesh to form new state Telangana . Present form of Andhra similar to Andhra state.but some mandalas like Bhadrachalam still with Telangana. Visakhapatnam, Guntur, Kurnool is People Capital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bihar
Bihar (; ) is a state in eastern India. It is the 2nd largest state by population in 2019, 12th largest by area of , and 14th largest by GDP in 2021. Bihar borders Uttar Pradesh to its west, Nepal to the north, the northern part of West Bengal to the east, and with Jharkhand to the south. The Bihar plain is split by the river Ganges, which flows from west to east. On 15 November 2000, southern Bihar was ceded to form the new state of Jharkhand. Only 20% of the population of Bihar lives in urban areas as of 2021. Additionally, almost 58% of Biharis are below the age of 25, giving Bihar the highest proportion of young people of any Indian state. The official languages are Hindi and Urdu, although other languages are common, including Maithili, Magahi, Bhojpuri and other Languages of Bihar. In Ancient and Classical India, the area that is now Bihar was considered the centre of political and cultural power and as a haven of learning. From Magadha arose India's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jharkhand
Jharkhand (; ; ) is a state in eastern India. The state shares its border with the states of West Bengal to the east, Chhattisgarh to the west, Uttar Pradesh to the northwest, Bihar to the north and Odisha to the south. It has an area of . It is the 15th largest state by area, and the 14th largest by population. Hindi is the official language of the state. The city of Ranchi is its capital and Dumka its sub-capital. The state is known for its waterfalls, hills and holy places; Baidyanath Dham, Parasnath, Dewri and Rajrappa are major religious sites. The state was formed on 15 November 2000, after carving out what was previously the southern half of Bihar. Jharkhand suffers from what is sometimes termed a resource curse: it accounts for more than 40% of the mineral resources of India, but 39.1% of its population is below the poverty line and 19.6% of children under five years of age are malnourished. Jharkhand is primarily rural, with about 24% of its population livi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agricultural Finance In India
Agriculture or farming is the practice of cultivating plants and livestock. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to live in cities. The history of agriculture began thousands of years ago. After gathering wild grains beginning at least 105,000 years ago, nascent farmers began to plant them around 11,500 years ago. Sheep, goats, pigs and cattle were domesticated over 10,000 years ago. Plants were independently cultivated in at least 11 regions of the world. Industrial agriculture based on large-scale monoculture in the twentieth century came to dominate agricultural output, though about 2 billion people still depended on subsistence agriculture. The major agricultural products can be broadly grouped into foods, fibers, fuels, and raw materials (such as rubber). Food classes include cereals (grains), vegetables, fruits, cooking oils, meat, milk, e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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