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Monsoon rains to start withdrawing from Saturday: MET Department
With all four months of the season consistently registering a shortfall in normal rains, countrywide rainfall since June 1 remains 9% below normal. The rainfall figures have been weighed down by below normal rains in the east and northeast region, where rainfall since the beginning of the season remained 24% short of the normal levels as on Monday.
PM Modi rolls out PMJAY-Ayushman Bharat scheme to ‘serve poor’
Govt to start merging regional rural banks, to cut tally to 36
The proposed consolidation of RRBs and bringing down their tally from the existing 56 to 36 will usher in better scale-efficiency, higher productivity, robust financial health of such banks, improved financial inclusion and greater credit flow to rural areas, the official said.These banks were formed under the RRB Act, 1976, with an objective to provide credit and other facilities to small farmers, agricultural labourers and artisans in rural areas.
Government mulls ordinance to fast track settlement of commercial disputes
The bill seeks to help India become a hub for domestic and global arbitration for settling commercial disputes.The draft law provides for a time-bound settlement of disputes as well as accountability of the arbitrator.The government feels that there is a need for robust mechanism to deal with institutional disputes.
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