Live
- South Korea: Main Oppn hails Yoon's impeachment motion passage as 'victory for people, democracy'
- RG Kar issue: Tension flared over parallel protests by Congress, SUCI(C) outside CBI offices
- After furore, Central Railway revokes order to raze Lord Hanuman Temple at Dadar
- Now hoteliers' body in Bengal's Alipurduar shut doors for Bangladeshi tourists
- District Collector Encourages Students to Utilize Government Facilities for a Better Future
- Per capita availability of fruits, vegetables increases in India
- FII buying reaches Rs 22,765 crore in Dec as economic growth stays resilient
- National Energy Conservation Day 2024: Date, Importance, and Easy Ways to Save Energy
- Gastronomic trouble: After 'disappearing' samosas Himachal CM in row over red jungle fowl
- Meaningful dialogue a priceless jewel of democracy: Jagdeep Dhankhar
RBI releases 2,600 cr to Telangana to help farmers
To mitigate the problems of farmers, the Reserve Bank of India, as directed by the Union Finance Minister Arun Jaitely, on Tuesday released Rs 2,600 crore i.e., Rs 900 crore more than the commitment of Rs 1,700 crore.
Hyderabad: To mitigate the problems of farmers, the Reserve Bank of India, as directed by the Union Finance Minister Arun Jaitely, on Tuesday released Rs 2,600 crore i.e., Rs 900 crore more than the commitment of Rs 1,700 crore.
Consequently, Adilabad, Nizamabad, Ranga Reddy, Warangal, Karimnagar, Khammam, Nalgonda and Mahbubnagar each would get Rs 150 to 200 crore i.e., Rs 50 crore more than what they have asked for.
Also, Medak and Hyderabad would get Rs 300 crore. Therefore, each bank branch in these districts would get Rs 30 to 50 crore more cash for distribution to the farmers through local banks.
Union Minister Bandaru Dattatreya requested the banks to distribute the cash received to farmers to tide over the cash crunch, particularly in rural areas. It may be mentioned here that Dattatreya met Jaitley on Monday on the availability of cash in the banks of Telangana for Kharif season.
Immediately, Jaitley directed the RBI to release more funds to Telangana and advised the banks to disburse funds among farmers.
