World Bank News
"We have to revive our flooded agro-industry by giving them some incentives," the Chief Minister of Sindh, Syed Murad Ali Shah said He also said that farmers were not in a position to purchase certified seeds and other pre-requisites for farming as floods wreaked havoc in the country The monetary aid from World Bank would help farmers reclaim their lands following the catastrophe ahead of the upcoming Rabi crop season
India has not released a new household consumption survey since the NSS from 2011. Urban poverty rose by 2 percentage points in 2016 during the demonetisation event and fell sharply thereafter, the paper said. The paper also added that rural poverty rose by 10 basis points in 2019 likely due to a growth slowdown.
The $115 million (Rs 869 crore) loan has a maturity of 15 years, including a grace period of 4.5 years, the Finance Ministry said. The Government of India has announced a plan to restore 26 million hectares of degraded land by 2030 and double farmers` income by 2023. It will also help the participating and other states to adopt new approaches to watershed development," the Finance Ministry said in a statement.