Loading...

Top
Help
×

By creating an account you can:

Logo TaxTMI
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters 0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 News - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
Category: ?
Categorized by AI
---- All Categories ----
  • ---- All Categories ----
  • Income Tax
  • GST
  • Customs, DGFT & SEZ
  • FEMA & RBI
  • Corp. Laws, SEBI & IBC
  • PMLA, Black Money & ED
  • Budget
  • News and Press Release
  • PTI News
Month:
---- All Months ----
  • ---- All Months ----
  • January
  • February
  • March
  • April
  • May
  • June
  • July
  • August
  • September
  • October
  • November
  • December
Year:
---- All Years ----
  • ---- All Years ----
  • 2026
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
Sort By: ?
In Sort By 'Default', exact matches for text search are shown at the top, followed by the remaining results in their regular order.
Relevance Default Date
    India-Finland cooperation takes centre stage at circular economy forum
    CCI imposes penalty on Rekha Agencies and SS Marketing for indulging in anti-competitive conduct in respect of Himachal Pradesh Tender 2013 for the pr...
    US is set to impose 50% tariffs on $20 billion worth of Canadian products
    Rupee settles 3 paise higher at 95.71 against US dollar
    29 FDI Investments Worth ₹4,895.65 Crore Reported Under Revised Framework
    India and ADB sign $230 million loan to modernise water supply and sanitation in Chennai
    DGGI unearths clandestine pan masala and tobacco manufacturing network in Uttar Pradesh; 27 undeclared pouch-packing machines seized, evasion of about...
    Mission SAKSHAM: Scaling Capability through Co-operation - Keynote Address by Shri Swaminathan J, Deputy Governor at Mission SAKSHAM Programme for Dir...
    India’s Foreign Exchange Markets: Getting ready for the next Decade [Keynote Address delivered by Deputy Governor Shri Rohit Jain on the Annual Day ...
    Govt rejects ethanol link to sugar price surge, says duty free imports allowed to curb prices
    China moves to wrap up saga of troubled property giant Evergrande after founder gets life sentence
    India's forex kitty swells USD 9.9 bn to USD 716.9 bn
    Bengaluru airport: AERA slashes user development fee to Rs 300 for domestic passengers
    NUMR Inc. helps deliver Axis Bank's data-driven excellence in customer experience
    ED can't add old FIR to Enforcement Case Information Report to sustain PMLA proceedings: Delhi HC
    Rupee settles on flat note, 3 paise higher at 95.71 against US dollar
    VinFast India Partners with Federal Bank to Strengthen Dealer Financing Ecosystem
    Sugar prices soar to Rs 70 per kg ahead of festive season in Bengal, jaggery also dearer
    Rupee gains 9 paise to 95.65 against US dollar in early trade
    Union Minister of State for Finance Shri Pankaj Chaudhary participated virtually in 21st Award Ceremony of Security Printing and Minting Corporation o...
❯❯
Maximize Maximize Maximize
0 / 200
Expand Note
Add to Folder

No Folders have been created

+

Are you sure you want to delete "My most important" ?

NOTE:

News
Showing Results for :
Reset Filters
Results Found:
Show All Summaries Hide All Summaries
August 22, 2026
Show AI Summary
Circular economy partnerships promote resilient value chains, resource efficiency and sustainable growth alongside evolving India-EU trade integration.
India-Finland circular economy cooperation is being developed through business, technology, investment and commercial partnerships supporting resource-efficient and sustainable growth. Discussions focused on competitive and resilient value chains based on circularity, traceability, resource efficiency and sustainable business practices. Circular economy principles extend beyond waste management into product design, value chains, resource use, skills development and new business models. The India-EU free trade agreement remains subject to legal review and formal ratification and is not yet in force.
August 22, 2026
Show AI Summary
Bid rigging through pre-bid exchange of sensitive price information attracted penalties and cease-and-desist directions in tyre procurement.
Bid rigging in tyre procurement was established where Rekha Agencies and SS Marketing exchanged commercially sensitive price-bid information before submitting bids for the Himachal Pradesh Tender 2013. The concerted conduct contravened the prohibition on anti-competitive agreements and bid rigging. Monetary penalties and cease-and-desist directions were imposed on both enterprises. An official of Rekha Agencies was also penalised for liability arising from the contravention, while proceedings against the official of SS Marketing stood abated following his death.
August 22, 2026
Show AI Summary
Import tariffs on Canadian products trigger potential retaliatory levies after bilateral negotiations fail to reach agreement.
Import tariffs on Canadian products are set to be imposed by the United States at a 50% rate after bilateral negotiations did not produce an agreement. The measures cover products including hockey sticks and tongue depressors and affect a limited share of Canada's annual exports to the United States. Canada has indicated possible retaliatory levies, intensifying the bilateral trade dispute.
August 21, 2026
Show AI Summary
Rupee exchange-rate movement reflected geopolitical tensions, crude oil conditions and market intervention, while export payment rules expanded rupee invoicing.
Foreign Trade Policy amendments facilitate export invoicing and receipt of payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency. The earlier general requirement that export earnings be received in a freely convertible currency is thereby eased, while applicable rules continue to vary according to destination.
August 21, 2026
Show AI Summary
Non-controlling land-bordering country ownership permits eligible foreign investment through the automatic route, subject to sectoral conditions and reporting.
Foreign direct investment may use the automatic route where non-controlling beneficial ownership from a land-bordering country in the investor entity does not exceed 10%, subject to sectoral caps, entry routes and other applicable conditions. The beneficial ownership test applies at the investor-entity level. Eligible investors need not obtain separate prior Government approval after reporting relevant information to the Government. The framework replaces the earlier approval requirement applicable even to minimal beneficial ownership from land-bordering countries.
August 21, 2026
Show AI Summary
Climate-resilient urban water security modernises Chennai's supply and sanitation systems through ring-main infrastructure, digital monitoring, and safer sewer operations.
Chennai Climate-Resilient Water Security and Sewerage Project modernises and expands water supply and sanitation infrastructure through a loan arrangement between the Government of India and the Asian Development Bank. Measures include new pipelines, upgraded pumping stations, performance-based utility operations, and a comprehensive ring-main system to improve water-pressure balance, distribution efficiency, reliability and climate resilience. Digital monitoring and advanced blockage-detection technology are intended to improve operational decisions, customer responsiveness and worker safety while eliminating hazardous manual sewer inspections.
August 21, 2026
Show AI Summary
Capacity-based taxation targets undeclared pouch-packing machinery used for clandestine pan masala and tobacco production and untaxed clearances.
Capacity-based taxation of pan masala and specified tobacco products is determined by the number, type and capacity of installed pouch-packing machines. Searches at interconnected manufacturing and trading premises detected unregistered operations using undeclared machinery for clandestine manufacture and clearance of pan masala, scented jarda and gutkha without payment of GST, HSNS cess and central excise duty. Finished goods, raw materials, packing materials and machinery were seized. The manufacturing firm's proprietor was prima facie identified as managing the operation and was arrested under the applicable cess and central excise laws.
August 21, 2026
Show AI Summary
Technology risk oversight requires Urban Co-operative Banks to retain accountability while building shared and role-specific capabilities.
Urban Co-operative Banks must strengthen digital and risk-management capabilities as technology dependence exposes them to cyber threats, fraud, service-provider failures and common-platform vulnerabilities. Outsourcing critical systems does not transfer the bank's responsibility for oversight, safeguards and continuity. Boards and senior management must retain sufficient knowledge to supervise external providers effectively. Mission SAKSHAM supports role-specific, continuous capability building through physical and online learning, while collective infrastructure and shared expertise can supplement individual institutional capacity.
August 21, 2026
Show AI Summary
Foreign exchange market modernisation prioritises delegated decisions, customer transparency, digital workflows, local-currency settlement and accountable risk management.
Foreign exchange market modernisation advances a facilitative, principles-based framework based on delegated decision-making by Authorised Dealers, risk-based reporting, and customer-centric service standards. Authorised Dealers must apply clear internal policies, avoid unnecessary documentation, disclose charges, timelines and grievance mechanisms, and ensure consistent treatment of comparable transactions. Local-currency settlement requires viable trade corridors, competitive hedging, correspondent relationships and robust AML/CFT controls. Digital workflows, electronic trading and reporting infrastructure should improve transparency and resilience, while automated tools remain subject to explainability, review and data-protection safeguards.
August 21, 2026
Show AI Summary
Sugar price containment measures restrict stockholding, permit duty-free imports, and strengthen inventory verification to deter hoarding.
Sugar price containment measures include stock limits for dealers, consumption-based inventory restrictions for bulk consumers, duty-free raw sugar imports, and physical verification of mill stocks to prevent hoarding and artificial scarcity. Price increases are attributed to lower domestic output, festive demand, crop damage, tighter global supplies, and speculation rather than sugar diversion for ethanol. Earlier crushing is advised to improve seasonal availability, while the ethanol programme supports management of sugar surpluses, mill liquidity, and timely sugarcane payments.
August 21, 2026
Show AI Summary
Cross-border insolvency enforcement constrains asset recovery as Evergrande liquidation, founder asset confiscation, and audit-related claims continue.
Evergrande's insolvency process involves liquidation proceedings for its mainland property-development unit and its Hong Kong-listed holding company. Cross-border recovery is constrained by separate Hong Kong and mainland China legal systems, particularly because most operational assets are located in mainland China. Liquidators are pursuing asset-tracing and recovery measures against the founder and connected persons, as well as claims concerning pre-collapse audits. Investigations identified revenue overstatement through manipulated financial data. Creditor recoveries are expected to be limited due to substantial liabilities and constraints on asset realisation.
August 21, 2026
Show AI Summary
Foreign exchange reserves rose through higher currency assets and gold holdings amid measures to attract external forex inflows.
India's foreign exchange reserves increased during the reporting week, led by higher foreign currency assets and gold reserves. Foreign currency assets include the dollar-value effects of movements in non-US currencies held as reserves. Special drawing rights declined marginally, while the reserve position with the International Monetary Fund increased marginally. Concessional swap arrangements formed part of measures to attract foreign-exchange inflows, while earlier reserve movements were linked to rupee pressure and dollar-sale intervention in the foreign-exchange market.
August 21, 2026
Show AI Summary
Incremental tariff recovery aligns airport user charges with completed infrastructure, preventing passengers from funding non-operational capital projects prematurely.
User development fees and airport tariffs for Bengaluru International Airport have been revised for the April 2026 to March 2031 control period. The incremental Average Revenue Requirement framework excludes costs of identified high-value capital projects from tariffs until the relevant assets are completed, commissioned and available for users. Incremental tariff recovery may begin only upon operational availability, aligning charges with infrastructure use, reducing premature recovery risk for passengers and airlines, and encouraging timely completion of major capital works.
August 21, 2026
Show AI Summary
Customer experience analytics enables banks to convert real-time feedback into operational improvements across high-value customer journeys.
Customer experience analytics is used in banking to transform customer data and real-time feedback into operational improvements across key customer journeys. Operational teams retain responsibility for strategy and execution, supported by in-house analytics and technology platforms for multi-channel journey mapping, journey analytics and prioritisation of high-value customer segments. AI-driven customer experience management tools capture customer signals, analyse journey performance and operationalise actionable insights across teams.
August 21, 2026
Show AI Summary
Predicate-offence dependency limits retrospective addition of old FIRs to preserve money-laundering proceedings after the original scheduled offence is closed.
Predicate-offence dependency under the Prevention of Money Laundering Act requires an ECIR to rest on a subsisting scheduled offence. Closure of the FIR forming its basis through an accepted cancellation report prevents continuation of money-laundering proceedings unless that closure is overturned. A previously registered FIR cannot be belatedly added merely to preserve an existing ECIR and coercive powers. Where statutory requirements are met, an independently registered ECIR may be required. Expansion of an ECIR cannot rest solely on tenuous factual links between successive disputes.
August 21, 2026
Show AI Summary
Indian rupee export invoicing rules now permit overseas contracts and invoices in rupees or foreign currency for eligible destinations.
Foreign Trade Policy provisions were amended to facilitate invoicing of overseas exports and receipt of export payments in Indian rupees. For exports to countries outside the Asian Clearing Union, export contracts and invoices may be denominated in Indian rupees or any foreign currency, replacing the earlier general requirement that export earnings be received in a freely convertible currency. The applicable requirements vary according to the destination country.
August 21, 2026
Show AI Summary
Dealer inventory financing supports working-capital flexibility, vehicle inventory management and electric-vehicle network expansion for authorised dealers.
Dealer inventory financing is to be provided by Federal Bank to VinFast India's authorised dealer network under a memorandum of understanding. The tailored financing is intended to improve dealers' working-capital flexibility, support maintenance of vehicle inventory, strengthen operational capability, and enable timely response to demand as the electric-vehicle distribution network expands.
August 21, 2026
Show AI Summary
Sugar supply pressures drive festive-season price increases as imports, stockholding limits and ethanol diversion shape market conditions.
Sugar prices in Bengal have risen sharply ahead of the festive season, with higher prices also affecting jaggery and other sugar-derived products. Supply constraints, mill stock releases, lower production in Brazil, ethanol diversion and possible hoarding have been identified as contributing factors. Raw-sugar imports have been permitted to augment availability, while stockholding restrictions limit inventories of specified bulk consumers. Lower projected closing stocks and possible future production effects from El Nino may sustain pressure on sugar availability and increase costs for sweetmeat producers.
August 21, 2026
Show AI Summary
Foreign currency inflows and FCNR(B) deposits supported rupee sentiment, while oil prices and geopolitical risks constrained currency strength.
The rupee strengthened marginally against the US dollar as the dollar index softened, but elevated crude oil prices, geopolitical uncertainty, reduced foreign participation and net foreign equity outflows constrained currency sentiment. RBI measures to attract foreign currency inflows, including FCNR(B) deposits, were expected to generate substantial inflows, although these had not produced meaningful rupee strength. Energy-market disruption and restrictions on fuel exports through the Strait of Hormuz added to external-sector pressures.
August 21, 2026
Show AI Summary
Sovereign security production priorities emphasise compliance, modernisation, employee innovation and operational excellence across currency, passport and coinage manufacturing.
SPMCIL performs a sovereign production mandate covering secure currency, coinage, passports and other products of national importance through its mints, currency presses, security presses and paper mill. Modernisation, compliance, transparency, efficiency, productivity, quality and corporate governance support the fulfilment of sovereign requirements. Individual employees and units were recognised for performance in productivity, environment and safety, energy conservation, knowledge and development, vigilance, and official-language implementation.

News

Back

All News

Showing Results for :
Reset Filters
No Records Found

News

Back

All News

Showing Results for : Reset Filters

Prime Minister Shri Narendra Modi inaugurates the Grameen Bharat Mahotsav 2025

January 6, 2025

Contents
Summary
Note

Note

-

Bookmark

Print

Print

Our vision is to empower rural India by transforming villages into vibrant centres of growth and opportunity: PM

We have launched a campaign to guarantee basic amenities in every village: PM

Our government's intentions, policies and decisions are empowering rural India with new energy: PM

Today, India is engaged in achieving prosperity through cooperatives: PM

The Prime Minister Shri Narendra Modi inaugurated Grameen Bharat Mahotsav 2025 at Bharat Mandapam, New Delhi. Building a Resilient Rural India for a Viksit Bharat 2024 is the theme of the Mahotsav. Addressing the gathering on the occasion, the Prime Minister greeted all the people present a very happy 2025. He said the grand organization of the Grameen Bharat Mahotsav in the beginning of the year is giving a glimpse of the development journey of India and creating an identity of the same. He congratulated NABARD and other associates for the organization of the event.

The Prime Minister remarked that those of us who were born and brought up in the villages know the potential of the villages. He added that the spirit of the village also resides in those who live in the villages. He further added that those who have lived in the villages also know how to live the true life of a village. Shri Modi said that he was fortunate to have spent his childhood in a small town with a simple environment. He added that he spent time in the countryside later when he left the town.

“I have experienced the difficulties and am also aware of the possibilities of the village”, said the Prime Minister. He added that since childhood he had observed that although the people of the village are hardworking, they miss out on the right opportunities due to lack of capital. He further added that despite the villagers having diverse strengths in various fields, it is lost in the quest to satisfy their basic amenities. The Prime Minister noted that there were diverse challenges like natural calamities, lack of access to markets facing the farmers. He added that after having seen all these, he resolved his mind and was encouraged to tackle the challenges faced by them. He further added that the development works being undertaken today in the rural areas are inspired by the lessons and experiences from the villages. Shri Modi said that since 2014, he has been constantly in the service of rural India.

“Ensuring a dignified life for the people of rural India is the priority of my Government”, exclaimed the Prime Minister. He added that their vision was to ensure an empowered rural India, provide ample opportunities for villagers, reduce out migration and ensure ease of life of the people of villages. Therefore, he said, the Government had implemented a program in each and every village to ensure basic amenities. Shri Modi highlighted that every house was provided with a toilet as part of Swachh Bharat Mission, crores of people in rural India were given pucca houses as part of PM Awaas Yojana and lakhs of houses in villages were ensured safe and clean drinking water through Jal Jeevan Mission.

“Today, Health facilities are being provided in more than 1.5 lakh Ayushman Arogya Mandirs to the people”, said the Prime Minister. He added that Telemedicine, assisted by digital technologies, has ensured the option of best doctors and hospitals to the villages. Crores of people in the rural areas have benefited from the telemedicine through e-Sanjeevini, he further added. Shri Modi remarked that during the COVID-19 pandemic, the world wondered how India's villages would cope. He added that however, the Government ensured that vaccines reached the last person in every village.

The Prime Minister highlighted the importance of creating economic policies that consider every section of rural society to strengthen the rural economy. He was pleased that over the past 10 years, the government has formulated special policies and made decisions for every section of the village. Shri Modi remarked that just a few days ago, the Cabinet approved the extension of the PM Crop Insurance Scheme for another year and decided to continue the subsidy on DAP. He emphasised that the government's intentions, policies, and decisions are infusing new energy into rural India.

The Prime Minister underscored the goal of providing maximum economic assistance to villagers within their villages, enabling them to engage in farming and create new employment and self-employment opportunities. He noted that through the PM Kisan Samman Nidhi, farmers have received approximately ₹3 lakh crore in financial assistance. Noting that over the past 10 years, the amount of agricultural loans has increased by 3.5 times, Shri Modi mentioned that now livestock and fish farmers are being provided with Kisan Credit Cards. He added that in addition, more than 9,000 Farmer Producer Organisations (FPOs) in the country are receiving financial assistance. He further underlined that the government has consistently increased the MSP for several crops over the past 10 years.

Shri Modi highlighted the launch of campaigns like the Swamitva Yojana, through which villagers are receiving property papers. He remarked that over the past 10 years, several policies have been implemented to promote MSMEs. The Prime Minister emphasized that MSMEs have benefited from the Credit Link Guarantee Scheme, with over one crore rural MSMEs reaping its benefits. He noted that today, rural youth are receiving support from schemes like the Mudra Yojana, Start-Up India, and Stand-Up India.

The Prime Minister highlighted the significant contribution of cooperatives in transforming the rural landscape. He remarked that India is on the path to prosperity through cooperation, and for this purpose, the Ministry of Cooperation was established in 2021. He noted that around 70,000 Primary Agricultural Credit Societies (PACS) are being computerized to ensure that farmers and villagers get better value for their products, thereby strengthening the rural economy.

Shri Modi emphasised that apart from agriculture, various traditional arts and skills have been prevalent in our villages, such as blacksmithing, carpentry, and pottery. He remarked that these occupations have significantly contributed to the rural and local economy, but were previously neglected. He added that to enhance their skills and provide affordable assistance, the Vishwakarma Yojana is being implemented, giving lakhs of Vishwakarma artisans an opportunity to progress.

“When intentions are noble, the results are satisfying”, said Shri Modi. He added that the country is now reaping the benefits of the hard work done over the past 10 years. Citing a recent large-scale survey that revealed several important facts, Shri Modi noted that compared to 2011, consumption in rural India has nearly tripled, indicating that people are spending more on their preferred items. He noted that previously, villagers had to spend more than 50% of their income on food, but for the first time since independence, the expenditure on food in rural areas has fallen below 50%. He explained that this meant the people are now spending on other desires and needs, improving their quality of life.

Highlighting another significant finding from the survey, which revealed that the gap in consumption between urban and rural areas has decreased, the Prime Minister remarked that it was previously believed that urban individuals could spend more than those in villages, but continuous efforts have reduced this disparity. He emphasized that numerous success stories from rural India inspire us.

The Prime Minister noted that these achievements could have been realized during previous governments' tenures, but for decades after independence, lakhs of villages were deprived of basic necessities. He pointed out that the majority of SC, ST, and OBC populations reside in villages and were neglected by previous governments. This led to migration from villages, increased poverty, and a widening gap between rural and urban areas. Citing an example of the previous perception of border villages as the last villages of the country, Shri Modi stated that his government has given them the status of the first villages and launched the Vibrant Villages Scheme for their development. He highlighted that the development of border villages is increasing the income of their residents. He emphasized that those who were previously ignored are now being prioritized by his government.

The Prime Minister mentioned the launch of the PM Janman Yojana for the development of tribal areas, ensuring equal rights for regions that were deprived of development for decades. He remarked that over the past 10 years, his government has corrected many mistakes of previous governments. He emphasized that the government is moving forward with the mantra of national development through rural development. Shri Modi highlighted that as a result of these efforts, 25 crore people have been lifted out of poverty in the past 10 years, with the majority being from rural areas. He mentioned a recent study by the State Bank of India, which revealed that rural poverty in India has decreased from approximately 26% in 2012 to less than 5% in 2024. He noted that while some people have been chanting slogans to eradicate poverty for decades, the country is now witnessing a real reduction in poverty.

Emphasising the significant role of women in India's rural economy and the government's efforts to expand this role, Shri Modi remarked that women are redefining rural life as Bank Sakhis and Bima Sakhis, and are leading a new revolution through self-help groups. He noted that 1.15 crore women in villages have become Lakhpati Didis and the government aims to make 3 crore women Lakhpati Didis. He added that special schemes were also being implemented for women from Dalit, deprived, and tribal communities.

Underscoring the unprecedented focus on rural infrastructure, the Prime Minister highlighted that most villages are now connected to highways, expressways, and railways. He noted that under the Pradhan Mantri Gram Sadak Yojana, approximately 4 lakh kilometer of roads was constructed in rural areas over the past 10 years. “Villages are becoming modern 21st-century villages in terms of digital infrastructure”, said the Prime Minister. He noted that over 94% of rural households now have access to telephones or mobile phones and banking services and world-class technology like UPI was available in villages. Shri Modi highlighted that the number of Common Service Centers has increased from less than 1 lakh before 2014 to over 5 lakh today, providing dozens of government services online. He underscored that this infrastructure was accelerating village development, creating employment opportunities, and integrating villages into the nation's progress.

Acknowledging the significant role played by NABARD's senior management in the success of various initiatives, from self-help groups to Kisan Credit Cards, Shri Modi emphasized that NABARD will continue to play a crucial role in fulfilling the nation's goals. He highlighted the strength of Farmer Producer Organizations (FPOs) and their role in ensuring better prices for farmers' produce. He stressed the need to create more FPOs and move forward in that direction. The Prime Minister remarked that milk production is currently providing the highest returns to farmers. He emphasized the need to establish 5-6 more cooperatives like Amul, with a nationwide reach. He noted that the country is advancing natural farming in mission mode and urged the inclusion of more farmers in this initiative. Shri Modi highlighted the importance of linking self-help groups with micro and small industries (MSMEs) to meet the demand for their products across the country. He emphasized the need for proper branding and marketing of these products. He also stressed the importance of focusing on the quality, packaging, and branding of GI products.

Emphasising the need to work on diversifying rural income, the Prime Minister highlighted the importance of making irrigation affordable, promoting micro-irrigation, creating more rural enterprises, and maximizing the benefits of natural farming for the rural economy. He urged for time-bound efforts in this direction.

Shri Modi urged that the entire village should collectively take care of the Amrit Sarovar built in their village. He mentioned the ongoing 'Ek Ped Maa Ke Naam' campaign and stressed the importance of every villager participating in this initiative to plant more trees. He further highlighted the significance of harmony and love in village identity. Noting that some people are trying to spread poison in society in the name of caste and weaken the social fabric, Shri Modi urged to thwart these conspiracies and preserve the shared culture of the village.

Concluding the speech, the Prime Minister emphasized the need to continuously work towards empowering villages and ensuring that the resolutions reach every village. He expressed confidence that the development of villages will lead to the realization of a developed India.

The Union Minister of Finance and Corporate Affairs, Smt Nirmala Sitharaman and Minister of State for Finance, Shri Pankaj Chaudhary were present among the dignitaries.

Welcoming the group of diverse artisans and participants from across India to the Grameen Bharat Mahotsav 2025 (GBM2025), Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman said that under the guidance of the Prime Minister, rural development has been high on the agenda of the Government since 2014. The Government is primarily working to uplift the poor, youth, farmers and women through various Central schemes financed by the Public Sector Banks (PSBs).

"PSBs are already operating credit saturation drives in priority sectors for schemes such as PM MUDRA Yojana, PM Awas Yojana, and SVAnidhi Yojana. Taking the momentum further, the Grameen Bharat Mahotsav showcases India's rich cultural heritage as well as the aspirations of rural people and development in the four areas —GI Tags, natural farming, women empowerment, tribal welfare, with a focus on North East products," Smt. Sitharaman said.

Smt. Sitharaman highlighted that GBM2025 showcases rural products, including over 50 items with Geographical Indication (GI) tags, and underscored several initiatives aimed at women’s empowerment like Drone Didis and Lakhpati Didis programmes that have significantly contributed to skill development and economic growth among women.

Besides, the GBM 2025 exhibition also brings together small-scale industries that have flourished due to the enabling vision of the Prime Minister to provide collateral-free loans to Bonafide businesses, especially organic and natural farmers, women and Self-Help Groups (SHGs), and expansion of tribal products, the Union Finance Minister said.

Background

Celebrating Rural India's entrepreneurial spirit and cultural heritage, the Grameen Bharat Mahotsav 2025 will be held from 4th to 9th January with the theme 'Building a Resilient Rural India for a Viksit Bharat 2047’ and motto “गांव बढ़े, तो देश बढ़े”. Mahotsav aims to celebrate Rural India’s entrepreneurial spirit and cultural heritage.

The Mahotsav, through various discussions, workshops and masterclasses, aims to enhance rural infrastructure, create self-reliant economies, and foster innovation within rural communities. Its objectives include promoting economic stability and financial security among rural populations, with a special focus on North-East India, by addressing financial inclusion and supporting sustainable agricultural practices.

A significant focus of the Mahotsav will be to empower rural women through entrepreneurship; bring together government officials, thought leaders, rural entrepreneurs, artisans and stakeholders from diverse sectors to build a roadmap for collaborative and collective rural transformation; encourage discussions around leveraging technology and innovative practices to enhance rural livelihoods; and showcase India's rich cultural heritage through vibrant performances and exhibitions.

Topics

Acts Income Tax