Annual credit plan unveiled with Rs. 83,500 cr for NTR dist
The District Consultative Committee (DCC) and District-level Review Committee (DLRC) meetings were held here on Tuesday.
During the meeting, Minister Satyakumar Yadav, along with collector Lakshmisha and officials, unveiled the annual credit plan for 2025-26.
Speaking at the event, the Minister stated that Rs 13,500 crore has been proposed for the agriculture sector and Rs 17,000 crore for the MSME sector for 2025-26. A total of Rs 33,000 crore has been allocated for the priority sector and Rs 50,500 crore for the non-priority sector in the credit plan. Additionally, Rs 2,495 crore in loans have been proposed for other priority sectors.
Collector Dr Lakshmisha mentioned that industrial units are being established in the district under the 'One Family, One Entrepreneur' initiative with innovative ideas, and banks should sanction the necessary loans to beneficiaries.
During the meeting, the National Bank for Agriculture and Rural Development (NABARD) unveiled a potential linked credit plan (PLCP) of approximately Rs 30,048 crore for the district's priority sector.
DCC convener and UBI Regional Head MV Tilak, RBI LDO Ch Naveen Kumar, NABARD DDM Milind Chousalkar, LDM K Priyanka, RSETI Director Amareshwar, District Agriculture Officer DMF Vijayakumari, TIDCO EE Chinnodu, DRDA Additional Project Director K Kiran Kumar, and district officials from various departments also participated.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
18 minutes ago
- Economic Times
'Marking the close' explained in 5 points: Trick inside Jane Street's alleged manipulation playbook
TIL Creatives Jane Street used expiry-day stock moves to shift index options premiums, exploiting algorithmic trades to manipulate prices and gain an unfair edge in Indian markets. Jane Street Group LLC, a US-based global proprietary trading powerhouse, which allegedly manipulated the Indian derivatives market, employed a strategy called 'Marking the close' on the Nifty index options. 1) Any option contract has an underlying stock, and its premium moves with the price of the underlying stock. For Instance, HDFC Bank's CALL option premium will rise if the stock price of HDFC Bank rises while its PUT option premium will rise with a fall in its price. 2) The logic can be extended to the index options, too. For instance, if the Nifty index moves higher, then the Nifty CALL option premium increases and the same is the case with the Bank Nifty. For index options, the underlying is the index itself, which in turn is a basket of stocks. 3) How Options premiums work Option premiums are calculated based on stock/index's current price vis-a-vis the strike price. Strike price is the price at which you exercise the option. So Premiums are high when they are at-the-money or in-the-money. -- In-the-money (ITM) call option: Current price is higher than strike price -- In-the-money put option - Current price is lower than strike price -- At-the-money (ATM) call/put option: Current price is close to strike price 4) On expiry days, OTM (Out of the Money) options are cheap because they are likely to expire worthless. ATM options are most volatile because they near the strike price and anything can happen. But for ITM options, they are fully loaded and available at a premium. Read More: Sebi may widen Jane Street probe to other indices, exchanges: Report For an options trader, the catch lies in the transition of premiums if he can buy a cheap OTM option for 50 paisa or a rupee and then watch it grow to Rs 10, 20 or even 100 in a matter of a few hours. Traders with deep pockets can make this possible and Jane Street's deep pockets seem to have that kind of money. 5) On the expiry day, you buy all the cheap Index OTM options on one hand and on the other hand, you either buy or sell the index underlying constituents to an extent where the options start to move in your favor. Sophisticated traders can do it by just buying or selling heavyweight stocks of the index. Traders can buy all the cheap options before 3 pm and after that, they can accordingly make orders worth crores of rupees in the heavyweight can be done through algorithms which know the exact quantity, price and time, which makes computation of the expiry closing price easy, as the closing price is the weighted average of the last 30 algorithms know the closing price which in turn makes your position favourable. Also Read: Jane Street Fallout: Zerodha's Nithin Kamath flags risk to brokers and stock exchanges Market regulator Sebi holds this as an unfair, deceptive, and manipulative practice that violates its 105-page order holds that Jane Street made unlawful gains through this. Jane Street has refuted these allegations and has said that it will engage with the regulators. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Business Standard
23 minutes ago
- Business Standard
Texmaco Rail secures Rs 36-cr wagon order from TCI
Texmaco Rail & Engineering announced that it has received an order worth Rs 36.27 crore from Transport Corporation of India (TCI) for the supply of two rakes, comprising 54 ACT-3 type wagons and two BVCM wagons. The total contract value stands at Rs 36.27 crore and the order is scheduled to be executed within 24 months. Texmaco Rail & Engineering is a diversified heavy engineering company, with products including railway freight wagons, hydro-mechanical equipment and industrial structures for infrastructure industry, locomotive components and locomotive shells, railway bridges, steel castings, pressure vessels, etc. The company has reported a 13.5% decline in consolidated net profit to Rs 39 crore despite a 17.6% rise in revenue from operations to Rs 1,346 crore in Q4 FY25 as compared with Q4 FY24.
New Indian Express
25 minutes ago
- New Indian Express
Union Minister Pradhan launches 52 projects worth Rs 163.85 crore in Odisha's Deogarh
DEOGARH: Union Education Minister and Sambalpur MP Dharmendra Pradhan inaugurated 52 development projects worth Rs 163.85 crore and laid foundation stones for six others in Deogarh on Friday. During his visit to the district, Pradhan also launched a series of development, welfare, and environmental initiatives aimed at enhancing infrastructure, livelihood and ecological balance in the region. The union minister participated in a plantation drive as part of 'Ek Ped Maa Ke Naam 2.0' initiative. He inaugurated the 76th Van Mahotsav Week-2025 and planted saplings at Samantrapali in Tileibani block. Addressing the gathering, Pradhan said Deogarh currently has 23 per cent forest cover and efforts must be made to increase it to 35 per cent. He urged people to actively join the tree plantation movement amid the threat posed by climate change and pollution. On the occasion, he flagged off a 'Sabuja Ratha' and felicitated 'Gaja Sathis'.
