The Reserve Bank of India (RBI) has enhanced the collateral-free loan limit for farmers from Rs 1.6 lakh to Rs 2 lakh, effective January 1, 2025, a move aimed at supporting small and marginal farmers amid rising input costs.
The new directive instructs banks nationwide to waive collateral and margin requirements for agricultural and allied activity loans up to Rs 2 lakh per borrower.
According to the agriculture ministry, the decision comes in response to the rising input costs and the need to improve credit accessibility for farmers. "This measure will significantly benefit over 86 per cent of farmers who are small and marginal landholders," the statement said.
Banks have been instructed to implement the guidelines swiftly and ensure widespread awareness about the new loan provisions.
The move is expected to facilitate easier access to Kisan Credit Card (KCC) loans and complement the government's Modified Interest Subvention Scheme, which offers loans up to Rs 3 lakh at a 4 per ce

RBI, Reserve Bank of India

The 26-year-old Indian American had accused OpenAI of using copyrighted content to train its AI models. Details

Suchir Balaji

Paracetamol, a common over-the-counter medication, may increase the risk of gastrointestinal, heart- and kidney-related complications among adults aged 65 and above, a new study has found.
Taken commonly for treating mild-to-moderate fever, paracetamol is also the first drug recommended for treating osteoarthritis -- a chronic condition causing pain, stiffness and swelling in the joints due to wear-and-tear -- as it is considered effective, relatively safe and accessible.
However, some studies have provided evidence to contest the effectiveness of paracetamol in relieving pain while others have shown increased risks of gastrointestinal side effects, such as ulcers and bleeding, from prolonged use.
The latest study, conducted by researchers from the University of Nottingham, UK, found that paracetamol use was linked to a 24 per cent and 36 per cent increase in risk of peptic ulcer bleeding (bleeding due to ulcer in the digestive tract) and lower gastrointestinal bleeding, ...

paracetamol, pharma, drugs, medicine, health

The follow-up procedure had been discussed by doctors since Tuesday's surgery, and does not represent a worsening of Lula's health situation, according to Kalil

Lula Da Silva

Israel Defence Minister Israel Katz told his US counterpart Lloyd Austin in a phone call on Wednesday there was now a chance for a new deal

Palestinians walk by houses destroyed by Israeli strikes in Gaza. The resurgence of Hamas has cast doubt on Israel’s goal of eliminating it as a military threat.

Palestinians walk by houses destroyed by Israeli strikes in Gaza. The resurgence of Hamas has cast doubt on Israel's goal of eliminating it as a military threat

With the opposition seeking the removal of Vice President Jagdeep Dhankhar, Rajya Sabha MP Kapil Sibal on Thursday said history will never forgive those who do not allow a level playing field in the functioning of the House.
In a first, parties of the opposition INDIA bloc spearheaded by the Congress on Tuesday submitted a notice in the Rajya Sabha for moving a no-confidence motion against Dhankhar, accusing him of being "extremely partisan" in his role as the Chairman of the Upper House of Parliament.
In a post on X, Sibal said, "Jagdeep Dhankar. 60 Members of Rajya Sabha submit a Notice for his removal. Unprecedented. Sad day for the Mother of Democracy!"
"History will never forgive those who do not allow a level playing field in the functioning of the House," the Independent member of the Rajya Sabha said.
If the motion seeking Dhankhar's removal is moved, the opposition parties need a simple majority to get it passed, but they do not have the requisite numbers in the 243-member

Kapil Sibal, Kapil,  Sibal

The new system will introduce dedicated PF withdrawal cards, functioning like regular bank ATM cards

ATM, Money, Transaction

Commerce and Industry Minister Piyush Goyal on Thursday expressed confidence that India's economic growth by end of this fiscal will be back on track despite global uncertainties.
He said that this year also India will be the world's fastest growing economy.
"We had an election in the first quarter and during the election, obviously policy making and decisions on next steps of growth or infrastructure spending does slow down and there is a lag effect.
"But from what the initial numbers for this quarter, the third quarter show, the festive spending, the rebound in rural growth, the way banks are now seeing traction back again, the way infrastructure spending has come back on track, I think by the time we close the year in March, we will be back on track," Goyal said at Times Network's India Economic Conclave here.
The minister was replying to a question whether the 5.4 per cent GDP growth in the July-September quarter of this fiscal worries him.
The latest government data showed ..

Piyush Goyal

In the past two occasions, Britannia share price more-than-doubled after the stock tested its super trend line support on the monthly scale. Will history repeat itself? Chart check here

Britannia Industries

During his address in the Parliament on Saturday, Rahul Gandhi lashed out at the central govt, accusing it of cutting off opportunities for youth by handing over various sectors to industrialists

Giriraj Singh, Giriraj

He also mentioned that workers in the fine cloth industry in history also had their hands chopped off, destroying a whole tradition and legacy

Yogi Adityanath

Assam Rifles actively coordinated with state and central agencies, including the Narcotics Control Bureau (NCB), Manipur Police and other CAPFs deployed in the area

Illegal Poppy Cultivation

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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RBI raises collateral-free agricultural loan limit to Rs 2L to aid farmers

OpenAI whistleblower Suchir Balaji found dead; police rule out foul play

New study links paracetamol to several side effects among senior citizens

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