PM Modi to release next instalment of financial benefit under PM-KISAN scheme on Monday
New Delhi, Aug 8: Prime Minister Narendra Modi will release the next instalment of financial benefit under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on Monday.
Under the PM-KISAN scheme, an annual financial benefit of Rs 6,000 is provided to eligible beneficiary farmer families, payable in three equal four-monthly installments of Rs 2000 each.
Prime Minister Modi will release the next instalment of financial benefit under PM-KISAN scheme on August 9 at 12.30 pm via video conferencing, according to the PMO.
This will enable the transfer of an amount of more than Rs 19,500 crore to more than 9.75 crore beneficiary farmer families, the PMO said.
The prime minister will interact with farmer beneficiaries during the event and will also address the nation.
The fund is transferred directly to the bank accounts of the beneficiaries. In this scheme, 'Samman Rashi' of over Rs. 1.38 lakh crore has been transferred to farmer families so far, according to the PMO.
According to another PMO statement, Prime Minister Modi will also launch the Ujjwala 2.0 (Pradhan Mantri Ujjwala Yojana -PMUY) by handing over LPG connections, at Mahoba Uttar Pradesh on August 10 at 12.30 pm via video conferencing.
During the event on Tuesday, Modi will interact with beneficiaries of the Ujjwala scheme and also address the nation.
During Ujjwala 1.0 launched in 2016, a target was set to provide LPG connections to five crore women members of BPL households.
Subsequently, the scheme was expanded in April 2018 to include women beneficiaries from seven more categories (SC/ST, PMAY, AAY, most backward classes, tea garden, forest dwellers, islands).
Also, the target was revised to eight crore LPG connections. This was achieved in August 2019, seven months ahead of the target date, the statement said.
In the Union Budget for Financial Year 2021-22, provision for an additional one crore LPG connection under the PMUY scheme was announced.
These one crore additional PMUY connections (under Ujjwala 2.0) aim to provide deposit-free LPG connections to those low-income families who could not be covered under the earlier phase of PMUY.
Along with a deposit-free LPG connection, Ujjwala 2.0 will provide first refill and hotplate free of cost to the beneficiaries. The enrolment procedure will require minimum paperwork and in Ujjwala 2.0, migrants will not be required to submit ration cards or address proof.
A self-declaration for both 'family declaration' and as a 'proof of address' will suffice, the PMO said.
Ujjwala 2.0 will help achieve the prime minister's vision of universal access to LPG, it said.
Union Petroleum and Natural Gas Minister Hardeep Singh Puri and Uttar Pradesh Chief Minister Yogi Adityanath will also be present on the occasion.
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Trump says EU has until July 4 to approve last year's trade deal or it will face higher tariffs
Washington (AP): President Donald Trump has said in a social media post that goods from the European Union would face higher tariff rates if the 27-member bloc fails to approve last year's trade framework by July 4.
The announcement on Thursday appeared to be a deadline extension after the president said last Friday that EU autos would face a higher 25 per cent tariff starting this week. Trump made the updated announcement after what he described as a "great call" with European Commission President Ursula von der Leyen.
Still, the US president was displeased that the European Parliament had yet to finalize the trade arrangement reached last year, which was further complicated in February by the US Supreme Court ruling that Trump lacked the legal authority to declare an economic emergency to impose the initial tariffs used to pressure the EU into talks.
"A promise was made that the EU would deliver their side of the Deal and, as per Agreement, cut their Tariffs to ZERO!" Trump posted. "I agreed to give her until our Country's 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels."
It was unclear from the post whether Trump was implying that the tariff rates would jump on all EU goods or the increase would only apply to autos.
His latest statement indicates he might be backing away from his earlier threat on EU autos by giving the European Parliament several more weeks to approve the agreement.
Under the original terms of the framework, the US would charge a 15 per cent tax on most goods imported from the EU.
But since the Supreme Court ruling, the administration has levied a 10 per cent tariff while investigating trade imbalances and national security issues, aiming to put in new tariffs to make up for lost revenues.
