MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Indian Government Comes Up With New Strategy

Indian Government Comes Up With New Strategy

The Government of India is all set to implement its new strategies on the rural part of the country. The central government has decided to bring about new guidelines and plans which helps to improve the rural economy of the nation. The economy of India is catching up to the U.S. and it is challenging other countries too.

Boost up in the rural economy will help India to grow stronger and to widen its market in other countries as well. New guidelines especially in the rural economic indicators which include growth and inflation in wage, bringing in digitalization during a money transfer, introducing new schemes and plans in Prime Minister Kisan Yojana will help Farmers and other small scale industries.

It is said that around 6.8 crore farmers have already received cash transfers through PM Kisan scheme. The other schemes include Kisan Credit Card scheme, old-age pension scheme, PradhanMantriFasalBimaYojana are intended to boost and also to protect the farm incomes, which brings about improvisation in the spending power.This would help in manifesting the higher inflation and there will be a pick-up in the wage rates.

The new schemes by the Central government will help the farmers and other rural community people in terms of economy and will also help the rural communities lead their life with ease. Devendra Pant, chief economist at India Ratings and Research agreed to this point.

New schemes that are introduced by the Indian Government are opening new insights to the farmers and rural communities. This effort by the Government is much appreciated and the economists are happy that the focus is being shifted towards the rural part of India. This move will strengthen rural India.

YOU MAY ALSO LIKE

Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...

RECOMMENDED