Hong Kong – Care centres operating on Sundays and public holidays remain open

May 7, 2023 | International

Care centres operating on Sundays and public holidays remain open

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Attention duty announcers, radio and TV stations:
 
     Please broadcast the following special announcement immediately, and repeat it at frequent intervals:
 
     “The Social Welfare Department announces that while the Red Rainstorm Warning Signal has been issued, centres providing after school care programmes and elderly services centres, which normally operate on Sundays and public holidays, will remain open during their normal operating hours. However, if necessary, members of the public can contact the centres to make arrangements for the safe return home of their children and family members.”

Centre’s intervention helps cool off prices of Onion and Tomato

Jul 20, 2022 | Business


The all-India retail price of tomato has registered a 29% decline over last month as market arrivals improved with the onset of monsoon rains. The retail price of onion is also largely under control at 9% below last year level.


The government has built up a reserve stock of 2.50 lakh tons of onion in current year which is the highest ever onion buffer stock procured. The procurement for the buffer has helped in preventing mandi price of onion from crashing this year despite a record production of 317.03 lakh tons reported by Department of Agriculture & Farmers’ Welfare.


The onion stocks from the buffer will be released in a calibrated and targeted manner during the lean months (Aug – Dec) to moderate price rise. The stocks will be released through targeted open market sales and also offered to states/UTs and government agencies for supplies through retail outlets. Open market releases will be targeted towards states/cities where prices are increasing over the previous month and also in key mandis to augment the overall availability.


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AM/NS




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Centre’s new incentive scheme for States to achieve their targets and become eligible for incremental borrowing

Dec 14, 2021 | Business


The Government has recently announced a new incentive scheme for States that could achieve their targets and become eligible for incremental borrowing. This was stated by Union Minister of State for Finance Shri Pankaj Chaudhary in written reply to a question in Lok Sabha today.           


Giving more details, the Minister stated that out of the net borrowing ceiling (NBC) of  4% of GSDP for the States for 2021-  22, 0.50 percent of GSDP was earmarked for incremental capital expenditure to be incurred by the States during 2021-22. The target for incremental capital expenditure for each state to qualify for this incremental borrowing was fixed. This earmarking for incremental capital expenditure has been done because the capital expenditure has a high multiplier effect, enhances the future productive capacity of the economy, and results in a higher rate of economic growth, the Minister stated.


To become eligible for incremental borrowing, the Minister stated that States were required to achieve at least 15 percent of the target set for 2021-22 by the end of 1st quarter of 2021-22, 45 percent by the end of 2nd quarter, 70 percent by the end of 3rd quarter and 100 percent by 31st March 2022.


Providing details and number of States which were granted permission to mobilise the additional borrowings after the end of 1st quarter, the Minister stated that Eleven (11) States namely, Andhra Pradesh, Bihar, Chhattisgarh, Haryana, Kerala, Madhya Pradesh, Manipur, Meghalaya, Nagaland, Rajasthan and Uttarakhand had achieved the target set by the Ministry of Finance for the capital expenditure in the 1st Quarter of 2021-22. As an incentive, these States were granted additional borrowing permission of 0.25% of Gross State Domestic Product (GSDP) amounting to Rs. 15,721 crore, the Minister stated.




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RM/KMN




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