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 e-Visa system will be effective from January 1, 2025, the Thai embassy said

Thailand

The rupee fell 2 paise to near all-time low of 84.85 against the US dollar in early trade on Thursday on the back of foreign fund outflows and rising crude oil prices.
An elevated dollar index and muted domestic equity markets weighed on the Indian currency even as investors were awaiting cues from domestic inflation data to be released later in the day, forex traders said.
At the interbank foreign exchange, the rupee opened at 84.85 against the greenback, registering a fall of 2 paise over its previous close.
On Wednesday, the rupee settled with a gain of 2 paise at 84.83 against the US dollar.
The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading marginally lower by 0.12 per cent at 106.26.
Brent crude, the global oil benchmark, rose 0.12 per cent to USD 73.61 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading with a marginal gain of 53.59 points, or 0.07 per cent at

Rs, Rupee, Indian Currency

Facebook remains the most popular among this demographic, serving as a gateway to reconnect with family and long-lost friends

Social media

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

South Korea's opposition leader on Sunday urged the Constitutional Court to rule swiftly on a bid to remove President Yoon Suk Yeol from office, a day after parliament voted to impeach him over a short-lived attempt to impose martial law.
Yoon's powers will be suspended until the court rules on the case, either removing Yoon from office or restoring his powers. The court has up to 180 to decide, and if he's dismissed, a national election to choose his successor must be held within 60 days.
Prime Minister Han Duck-soo, the country's No. 2 official, took over presidential powers later Saturday. Han was appointed by Yoon, whose government has struggled to pass legislation in the opposition-controlled parliament.
Lee Jae-myung, the leader of the opposition Democratic Party, told reporters Sunday that a swift ruling is the only way to minimize national chaos.
Lee also proposed the creation of a national council where the government and the National Assembly would work together to stabil

Yoon Suk Yeol, Yoon Suk, South Korea President

In the post, the Chief Minister also called for the Central Bureau of Investigation (CBI) inquiry into the matter

B Y Vijayendra

In the letter, the BJP leader asked the Punjab CM whether the Punjab government is giving Rs 1000 to women as part of their 'five guarantees' as promised in the 2022 polls

Virendra Sachdeva, Delhi BJP chief

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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