Citizens' Issues
Online agricultural market's launch to benefit farmers: Modi
Bhopal : The government will launch on April 14 an online national agricultural market to ensure remunerative prices for farm produce to the farmers across the country, Prime Minister Narendra Modi said on Thursday.
 
Plans were also afoot to connect 550 farmer markets in the country through the use of technology, Modi said while formally launching the 'Pradhan Mantri Fasal Bima Yojana' at a farmers' rally at Sherpur in Sihore district of Madhya Pradesh. 
 
The national agricultural market was part of the government aim to provide the benefits of the 'Digital India' initiative to the country's farmers, he said.
 
The launch of the virtual platform to benefit farmers will coincide with the birth anniversary of Dr Bhimrao Ambedkar, he said.
 
Giving details of the programmes and schemes for the farmers launched by the BJP-led central government, he said the national agricultural market will provide a platform so that the farmers get the maximum price for their produce.
 
He pointed out that the prices of various farm produce varied in different markets in the country but the farmers sold their yield at the nearest available market. 
 
This resulted in unremunerative prices to the farmers, which was sought to be redressed by the virtual platform of national agricultural market, Modi said. 
 
The prime minister said the 'Digital India' initiative would also help the farmers by giving them access to information on the best price offered for farm produce on their mobile phones in an instant.
 
He said the Prime Minister's Crop Insurance Scheme, launched by the government last month, will be a panacea for all problems faced by the farmers.
 
"Farmers did not believe in the crop insurance policies of the previous United Progressive Alliance government. It is the main reason that not even 20 percent farmers in the country opted for crop insurance. We have now come up with this scheme keeping in mind the lack of interest among farmers." 
 
Taking a dig at the previous UPA government at the Centre, the prime minister said that the earlier insurance schemes benefitted the companies and not farmers. The new crop insurance scheme will definitely benefit the farmers in the country, he added.
 
As for the availability of urea fertiliser in the country, Modi said it was due to government initiatives that no chief minister wrote to the central government on the matter in 2015. Farmers too did not need to queue up to procure urea.
 
The prime minister honoured Madhya Pradesh Chief Minister Shivraj Singh Chouhan with 'Krishi Karman' award. Modi was also felicitated on the occasion on behalf of the state's farmers.
 
Speaking on the occasion, union Agriculture Minister Radha Mohan Singh said those who could not differentiate between a sugar cane and a legume plant were talking of farmers' welfare.
 
External Affairs Minister Sushma Swaraj, who was also present on the occasion, said after the implementation of the new crop insurance scheme, no farmer will talk of leaving agriculture for better avenues of earning livelihood.
 
The union cabinet in January gave its nod to the 'Pradhan Mantri Fasal Bima Yojana' in which premiums are as low as 1.5 percent. 
 
A uniform premium of two percent of the sum insured will be charged from farmers for all kharif crops and 1.5 percent for rabi crops. The annual premium for horticultural crops will be five percent of the sum insured. The remaining insurance premium will be given by the government.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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RBI rejects NBFCs' plea to service pension system
Mumbai : The Reserve Bank of India (RBI) on Thursday decided not to allow non-banking financial companies undertake point of presence services for National Pension System (NPS).
 
"Thebank has examined the proposals and it has been decided in public interest that NBFCs shall not undertake point of presence services for National Pension System," RBI chief general manager C.D. Srinivasan said in a notification here.
 
NBFCs had sought the central bank's approval for undertaking such services under the Pension Fund Regulatory and Development Authority for NPS.
 
All scheduled banks are authorised to service the NPS as point of presence, or collection points and providing a slew of services to the system's subscribers.
 
NPS was launched on January 2004 to provide retirement income to all citizens across the country by inculcating saving habit for retirement.
 
The scheme was extended from May 1, 2009 to the unorganised sector workers on voluntary basis.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Advanced signalling system commissioned for Khurja railway station
New Delhi : Indian Railways on Thursday commissioned a state-of-the-art computerised signalling system at Khurja junction in Uttar Pradesh which will enable 256 possible train movements at the railway station, a statement said.
 
"This work of signal wizardry will help in quicker movements of trains since the train path will be cleared by a central operator with click of a mouse on the visual display unit (VDU)," said a railways ministry statement.
 
The VDU will display the position of each train at the 4.5 km long Khurja yard including adjoining track positions and avoids train traffic disruption.
 
The Indian Railway Project Management Unit (IRPMU), an arm of North Central Railway in association with the construction and open line units of the railways commissioned the system, the statement said.
 
The re-signalling work was a part of Modernisation of Signalling and Telecommunication System on Ghaziabad-Kanpur railway section costing Rs.440 crore.
 
The project included replacement of worn out signalling gears at 47 railways stations, enabling automatic signalling at multiple station and a setting up a captive Global System of Mobile (GSM) communication between driver, guard, station master and controllers.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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