6.87 lakh women farmers registered for benefits under Centre's FPO schemeJuly 26, 2024New Delhi, July 26 (IANS) As part of the Centre's campaign to empower women in rural areas, 810 Farmer Producer Organisations (FPOs) have been registered with 100 per cent women members, while out of the overall registration of 19,82,835, farmers in FPOs, as many as 6,86,665 are women farmers, according to the information tabled in Parliament on Friday. Members of FPOs are eligible for support for end-to-end services covering almost all…

Maputo, July 26 (IANS) More than 100 business people, mostly of Asian origin, have left Mozambique due to heightened insecurity caused by a wave of kidnappings in the country over the past 12 years, said a report by the state news agency AIM on Friday.The departure of these businesspeople has resulted in financial losses amounting to billions of dollars, said Pedro Baltazar, head of security department of Mozambican Confederation of Business Associations (CTA), quoted by the report.Baltazar told reporters in Maputo, the…

India's digital payments record double-digit growth: RBI dataJuly 26, 2024Mumbai, July 26 (IANS) Digital payments in India have registered a 12.6 per cent increase year-on-year with the RBI's Digital Payments Index (RBI-DPI) rising to 445.5 at the end of March 2024 compared to 418.77 in September 2023 and 395.57 in March 2023. "The RBI-DPI index has increased across all parameters driven by significant growth in payment performance and payment infrastructure across the country over the period," the RBI said on Friday. The…

Rs 6.67 lakh crore investment needed by 2031-32 to expand thermal power capacityJuly 26, 2024New Delhi, July 26 (IANS) The Power Ministry has estimated that the expansion required in the country’s thermal capacity to meet the growing demand for electricity will entail an expenditure of a minimum of Rs 6.67 lakh crore by 2031-32, Minister of State for Power Shripad Naik informed the Parliament on Thursday. In order to meet the estimated electricity demand by the year 2031-32, generation planning studies have been carried out…

RBI issues circular on tighter liquidity norms for banksJuly 25, 2024Mumbai, July 25 (IANS) The Reserve Bank of India (RBI) on Thursday issued a draft circular on the Basel III framework on liquidity standards, which will require banks to set aside more funds to cover their risks. The RBI said banking has undergone rapid transformation in recent years. While increased usage of technology has facilitated the ability to make instantaneous bank transfers and withdrawals, it has also led to a concomitant increase in risks,…