Cabinet nod for Rs 50 paddy bonus

In keeping with the populist mood and to pre-empt any opposition in Parliament over the issue of hiking the Minimum Support Price for Paddy...

In keeping with the populist mood and to pre-empt any opposition in Parliament over the issue of hiking the Minimum Support Price for Paddy, the Cabinet Committee on Economic Affairs cleared an additional Rs 50 per quintal of paddy (over and above the bonus of Rs 50 per quintal already announced) for the ongoing Kharif season.

The CCEA also cleared a scheme for artificial recharge of ground water through dugwells in hard rock areas to be implemented in three years from 2007-8 to 2009-10. The Rs 1,871 crore-scheme to be implemented by Nabard, envisages providing 100 per cent subsidy to marginal and small farmers and 50 per cent subsidy for other farmers.

The Union Cabinet also gave its approval for moving a resolution by the Railways Ministry in both Houses of Parliament to adopt the recommendations of the Railway Convention Committee Sixth Report. This decision would enable the ministry of Railways to implement the recommendations of the Railway Convention Committee which, amongst others, has recommended the restoration of rate of dividend to General Revenues to 7 per cent for 2007-08.

Other decisions

• India-Iceland agreement to avoid double taxation

Story continues below this ad

• Mines and Minerals (Development and Regulation Act), 1957 amended—coal blocks for captive mining to be auctioned

• ITDC Hotels’ capital doubled from Rs 75 crore to Rs 150 crore

• International Tropical Timber Agreement ratified

Premji said that Wipro would partner with the Government "to find a lasting solution for Bengaluru's mobility challenges".

Wipro rejects Karnataka Govt request to allow public vehicles inside Sarjapur campus

Cities2 hr ago

Wipro, a leading company in Bengaluru, has refused to allow public vehicles inside its Sarjapur campus to ease traffic congestion. However, they have agreed to finance a study to find a solution for the traffic problem. The founder, Azim Premji, believes that the issue is complex and requires expert analysis. Wipro has also committed to funding a significant portion of the study's cost.

View all shorts

Live Blog

PHOTOS