News Update

Prof Bhagwati says India has moved from ‘taking advice’ to ‘giving advice’ to WBExit Poll: Congress likely to make comeback in Haryana; J&K heading for hung HouseNavin Jindal goes on horseback to cast vote in HaryanaNIA raids premises in 5 States in JeM caseIndia’s forex kitty surpasses USD 700 bn for first time45 lakh spoof international calls with Indian numbers being blocked by TSPs dailyPFC secures largest-ever FC term loan of USD 1.265 bnIndia, US sign MoU to 'Expand and Diversify Critical Mineral Supply Chains'Empowering local economy main focus of DPIIT in first 100 daysDoP, Amazon sign MoU to enhance Logistics CollaborationAl-Qaeda killed over 600 people in Burkina FasoServices sector growth loses steam in Sept monthUS Economy generates 2.54 lakh jobs in Sept monthGST - Penalty imposed is harsh and unreasonable - Petitioner, who is the owner of the goods, can be imposed with penalty equal to twice the amount of tax imposed and not 100 percent of value of goods: HCGST - Reasons are the soul of a decision and in absence thereof, the order cannot be justified: HCGST - Shocking that registration is cancelled without assigning any reason - Total non-application of mind - Order set aside: HCI-T- Re-assessment SCN issued within limitation by AO lacking jurisdiction & subsequent SCN issued by jurisdictional AO but beyond limitation period, are both invalid: ITATI-T- Additions framed u/s 68 are invalid, where assessee discharged primary onus of providing sufficient evidence to establish genuineness of transactions: ITATThe Safari Retreats - Seems flawed!The European Union-Singapore DTA - What is there in it for us?PM Rashtriya Krishi Vikas Yojana, Krishonnati Yojana to achieve double goal of sustainable agriculture & food securityCabinet okays National Mission on Edible Oils-Oilseeds; aim on boosting self-relianceCabinet approves amended productivity-linked reward scheme; over 20000 workers to benefitIndia joins International Energy Efficiency Hub to boost sustainable development & climate actionCabinet okays conferring Classical Language status to Marathi, Pali, Prakrit, Assamese & Bengali languagesCabinet okays Chennai Metro Rail Project Phase II - 118.9 km & 128 Stations to boost connectivityCabinet approves Productivity Linked Bonus for 78 days to Railway employees
 
Warehousing Development Regulatory Authority, Bank of India ink MoU for low-interest, no-collateral loans to farmers

By TIOL News Service

NEW DELHI, SEP 30, 2023: IN order to facilitate farmers and traders in providing low interest rate loans, Warehousing Development Regulatory Authority (WDRA) signed Memorandum of Understanding (MoU) with a Bank of India (BoI) on 27.09.2023 in the presence of Mr T.K Manoj Kumar, Chairperson, WDRA, Mr Rajneesh Karnatak, MD&CEO, BoI, Mr M. Karthikeyan, ED, BoI and other senior officers of WDRA and BoI.

The MoU was signed with the intent of promoting awareness to fund against e-NWRs (electronic Negotiable Warehouse Receipt). The MoU also aims to provide information to depositors of the benefits, besides doing further outreach activities to improve agricultural pledge finance in India. During the event, a presentation was made by WDRA on the importance of post-harvest pledge financing using electronic Negotiable Warehouse Receipts (e-NWRs) for improving rural credit. The bank representatives also highlighted the risks faced by the lending institutions in this sector.

The WDRA assured their full regulatory support in improving the fiduciary trust among stakeholders.

 

 


POST YOUR COMMENTS
   

TIOL Tube Latest

Mr Larry Summers, Former US Treasury Secretary addressing at TIOL Fiscal Awards 2024 after being conferred TOL Kautilya Global Award 2024 by Deputy Chairman of Rajya Sabha, Shri Harivansh Narayan Singh.

AR not Afar by SK Rahman



Dr. C. Rangarajan, former Governor of RBI, addressing at TIOL Fiscal Awards 2024 after being conferred TOL Kautilya Global Award 2024 by Deputy Chairman of Rajya Sabha, Shri Harivansh Narayan Singh.