Mon, May 29, 2017 | updated 03:05 PM IST

PM Modi gives 60-day interest waiver on farmer loans

Updated: Dec 31, 2016 21:02 IST      
PM Modi gives 60-day interest waiver on farmer loans

New Delhi [India], Dec. 31 (ANI): In a 43-minute address to the nation, the second in the last 51 days, Prime Minister Narendra Modi on Saturday announced a 60-day interest waiver for farmers who have taken loans from district co-operative banks and primary societies.

"The government has decided to waive 60-day interest on loans taken by farmers from district co-operative banks and cooperative societies for the Rabi sowing season," he said.

Prime Minister Modi said the cost of the 60-day interest waiver will be directly transferred to each farmer's account.

"Government has also decided that in next three months, three crore Kisan credit cards will be converted to Rupay card and farmers will and can use these cards anywhere," he added.

Prime Minister Modi had last addressed the nation on November 8, when he suddenly abolished 500 and 1,000 rupee notes in a decision aimed at combating corruption and black or undeclared money.

The Prime Minister's move took out 86 per cent of the money in circulation and he had requested people to allow him 50 days to ease the cash crunch that followed, promising that the "short term pain" would be followed by long-term gain."

A deadline to exchange old notes at banks ended yesterday (Friday, December 30.)

As part of the demonetisation drive, how much money can be withdrawn from ATMs and banks will remain controlled for now. Starting tomorrow (January1), the daily limit on ATM withdrawals will go up to Rs. 4,500 rupees from Rs. 2,500, but the weekly cap on withdrawals from bank accounts stays capped at Rs. 24,000 rupees. The Reserve Bank of India has not indicated when the limits will be relaxed or removed.

The opposition united in attacking him for failing to anticipate how hard the notes ban would affect people, particularly in rural India where banks are tough to access.(ANI)

Money laundering: Delhi HC grants bail to Paras Mal Lodha

Updated: May 29, 2017 14:55 IST     

New Delhi [India], May 29 (ANI): The Delhi High Court on Monday granted bail to Kolkata-based businessman Paras Mal Lodha, in connection with a money laundering case.

Full Story >>

Chhattisgarh: Maoists threaten Akshay, Saina for helping CRPF

Updated: May 29, 2017 14:55 IST     

Raipur (Chhattisgarh) [India] May 29 (ANI): Maoists in Chhattisgarh have threatened Bollywood actor Akshay Kumar and ace badminton player Saina Nehwal for financially assisting families of 12 Central Reserve Police Force (CRPF) men, who sacrificed their lives in a Maoist ambush in March in Chhattisgarh's Sukma.

Full Story >>

AOL slams NGT report on destroying Yamuna floodplain area

Updated: May 29, 2017 14:31 IST     

New Delhi [India], May 29 (ANI): The Art of Living (AOL) on Monday objected the report filed by the National Green Tribunal (NGT) on the damage to the biodiversity of the Yamuna River.

Full Story >>

Cattle ban: DMK to protest against Centre in Chennai

Updated: May 29, 2017 14:26 IST     

Chennai (Tamil Nadu) [India], May 29 (ANI): Dravida Munnetra Kazhagam (DMK) working President M K Stalin will lead a protest against the Centre and the state government on May 31, over the cattle slaughter ban.

Full Story >>

New Delhi [India], May 29 (ANI): The Supreme Court on Monday asked the Central government to explore the provision of providing safety and security to a family from Manipur allegedly being threatened at the behest of the state's Chief Minister N. Biren Singh, whose son Ajay Meetai is involved in a 2011 road rage case.

Full Story >>

Washim (Maharashtra) [India] May 29 (ANI): In a viral video circulating on the social media, cow vigilantes can be seen shouting slogans and assaulting two youth for allegedly possessing beef in Malegaon tehsil of Maharashtra's Washim.

Full Story >>

New Delhi [India], May 29 (ANI): A Delhi court on Friday extended the judicial custody of ousted All India Anna Dravida Munnetra Kazhagam (AIADMK) leader TTV Dinakaran till June 12, in the Election Commission bribery case.

Full Story >>

New Delhi [India] May 29 (ANI): Prime Minister Narendra Modi's four-nation started on Monday, and he will land in Germany for the first leg of his six-day tour.

Full Story >>

New Delhi [India], May 29 (ANI): With two Indian peacekeepers among 117 military, police and civilian personnel honoured with a prestigious UN medal, VC of Army Staff Lieutenant Gen Sarath Chand on Monday stated that the country has contributed 6,900 military personnel among 1, 15, 000 peacekeepers in various missions.

Full Story >>

New Delhi [India], May 29 (ANI): Taking a jibe at the Opposition on the implementation and implication of Aadhaars, Union Minister Ravi Shankar Prasad on Monday asserted that Aadhaar is completely safe, secure and robust.

Full Story >>

Hyderabad (Telangana) [India] May 29 (ANI): Rehab centers are meant to serve the abandoned and aged who have been isolated from their families, but a particular rehab from Hyderabad is in the spotlight for all the wrong reasons.

Full Story >>

Chandigarh [India], May 29 (ANI): Facing sharp criticism over the recent slaughtering of a calf by the party's youth activists in Kerala's Kannur, the Congress Party on Monday assured that such elements have no place in their party and hence have been suspended.

Full Story >>

New Delhi [India], May 29 (ANI): The Supreme Court on Monday provided relief to several liquor manufacturers of Bihar by extending the time limit for disposing old stocks from May 31 to July 31.

Full Story >>

New Delhi [India], May 29 (ANI): The Central Bureau of Investigation (CBI) on Monday took former Rashtriya Janata Dal (RJD) Member of Parliament (MP) Mohammad Shahabuddin into custody for questioning, in an ongoing investigation over the murder of Bihar journalist Rajdeo Ranjan.

Full Story >>

Rampur (Uttar Pradesh) [India], May 29 (ANI): The state police has successfully arrested four prime accused in the shocking Rampur molestation case, while a massive manhunt is underway to nab the remaining absconding perpetrators.

Full Story >>

DA case: CBI opposes HP CM Virbhadra Singh's bail plea

Updated: May 29, 2017 11:46 IST     

New Delhi [India], May 29 (ANI): A Delhi Court on Monday reserved its order on the bail plea of all the accused in the Disproportionate Assets (DA) case, including Himachal Pradesh Chief Minister Virbhadra Singh.

Full Story >>

PM Modi embarks four-nation tour of Europe, Russia

Updated: May 29, 2017 11:37 IST     

New Delhi [India], May 29 (ANI): Prime Minister Narendra Modi embarked on a four nation tour to Germany, Spain, Russia and France on Monday.

Full Story >>

New Delhi [India], May 29 (ANI): The Supreme Court on Monday issued a notice to the Rajasthan Government over removing mobile towers within a distance of 500 metres of prison centers.

Full Story >>

Siliguri (West Bengal) [India] May 29 (ANI): West Bengal PWD Minister Arup Biswas on Monday was seen using the red beacon atop his vehicle, despite the Centre's ban.

Full Story >>

Chennai (Tamil Nadu) [India], May 29 (ANI): A group of students at the Indian Institute of Technology (IIT) Madras conducted a beef festival, showing their agitation against the Center recent order against selling cattle thus imposing an indirect beef ban.

Full Story >>