
Assam Congress president Gaurav Gogoi writes to PM Modi seeking review of beneficiaries of AEECDF 2022-23
Assam Pradesh Congress Committee (APCC) President
Gaurav Gogoi
has written to Prime minister Narendra Modi seeking review of the beneficiaries of the Assistance to Entrepreneur for Establishment of Commercial Dairy Farming (2022-23).
Gaurav who is Lok Sabha MP stated, 'I am writing to bring to your attention serious concerns regarding the implementation of the government supported scheme, "Assistance to Entrepreneur for Establishment of Commercial Dairy Farming (2022-23)", in the state of Assam. This scheme receives substantial financial support from the Government of Assam. Each unit is eligible for up to 50 lakh in subsidy. The objective is to promote genuine entrepreneurship in the dairy sector and strengthen milk production across the region. However, multiple reports and official documentation point to irregularities in the
selection of beneficiaries.'
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất
IC Markets
Đăng ký
Undo
The letter stated, 'Several recipients of the scheme's benefits appear to be family members or associates of Ministers and MLAs in the state government, while long-standing dairy farmers, particularly in districts like Bongaigaon, have reportedly been overlooked despite having applied multiple times and fulfilling the eligibility requirements. The
exclusion of experienced dairy entrepreneurs raises concerns about the fairness and transparency of the selection process. Equally alarming is the response from the Chief Minister of Assam, who chose to justify the inclusion of ministers' family members in the list of dairy scheme beneficiaries.'
Gogoi continued, 'This open endorsement of political favouritism has fuelled public outrage for undermining the constitutional values of equality and justice. It also reflects a serious
Live Events
breach of the oath of office, which obliges public representatives to act impartially and in the public interest, casting doubt on the state government's adherence to ethical governance and the rule of law. Separately, the
Gorukhuti agricultural project
has also come under scrutiny. Funded through public money and intended for community benefit, the project included the procurement of high-yield Gir cows from Gujarat'.
The congress leader stated, 'Official records indicate that these were allocated to several elected representatives, including the firm owned by the wife of Jayanta Malla Baruah (Cabinet Minister & MLA, Nalbari), Bhupen Pegu (MLA, Jonai), Utpal Borah (MLA, Gohpur), Diganta Kalita (MLA, Kamalpur), and Dilip Saikia (Member of Parliament). The diversion of resources and livestock under a project supported by over 25.5 crore in public funds compromises the very objective of Government programme designed to promote inclusive development. Sir, these actions go against the very principles of transparency, accountability, and equitable access."
"If politically connected individuals are allowed to siphon off benefits meant for the poor, we risk alienating the very people these schemes are meant to uplift. In the interest of justice and public trust, I urge your office to instruct the government to initiate an enquiry into the matter at the earliest. I trust that this matter will be taken with the seriousness it deserves. I look forward to your prompt intervention on these issues'.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
27 minutes ago
- Time of India
India hardens stance on farm sector concessions as India-US trade talks stretch
India-US trade deal (Representative AI image) NEW DELHI: As India-US trade talks stretch into a new week with both sides chasing the July 9 deadline, government has hardened its stance on offering concessions in the farm sector. 'The Indian team may stay longer as crucial talks are continuing, but we don't just want to open up whatever is the demand (from the US) on agriculture as lives of millions of farmers are involved,' said a government source. Last week, India's chief negotiator Rajesh Agarwal and other officials had gone to the US on a two-day visit, but the talks have stretched as the US is also keen to conclude some deals before the pause on reciprocal tariffs – 26% in India's case -- ends in. In fact, on Thursday, US president Donald Trump had announced that a 'very big deal' with India is likely – the seventh time that he had announced an agreement. The Indian industry is also being prepared for dealing with reciprocal tariffs, in case the early tranche of the proposed bilateral trade deal does not work out. For India, a key concern is allowing lower duty import on agricultural products like maize, soybean and dairy products, which is being demanded by the US side. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2025 Top Trending Local Enterprise Accounting Software [Click Here] Accounting ERP Click Here Undo Privately, several industry representatives have met commerce department brass and suggested that India should agree to the demands from the Trump administration, but government is keen to ensure that it is not a one-sided deal. Officials also conveyed to exporters on Monday that the limited deal, if it works out, will cover only a limited set of products with more tranches likely in the coming months. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now


Time of India
30 minutes ago
- Time of India
Financial stability report: Indian economy continues to grow at a healthy pace, says RBI; financial system resilient amid global headwinds
The Indian economy continues to grow at a healthy pace, remaining a key driver of global growth due to sound macroeconomic fundamentals and prudent policies, according to the Reserve Bank of India 's latest Financial Stability Report (FSR) released on Monday. In its half-yearly assessment of the financial system, the RBI said, 'Despite an uncertain and challenging global economic backdrop, the Indian economy remains a key driver of global growth, underpinned by sound macroeconomic fundamentals and prudent macroeconomic policies.' The central bank flagged elevated global economic and trade policy uncertainties, which are testing the resilience of financial systems across countries. 'Financial markets remain volatile, especially core government bond markets, driven by shifting policy and geopolitical environment. Alongside, existing vulnerabilities such as soaring public debt levels and elevated asset valuations have the potential to amplify fresh shocks,' the RBI said. On the domestic front, the report said the financial system remains stable, with healthy balance sheets of both banks and non-banking financial institutions. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo 'Financial conditions have eased supported by accommodative monetary policy and low volatility in financial markets. The strength of the corporate balance sheets also lends support to overall macroeconomic stability,' it added. The RBI said the soundness of scheduled commercial banks (SCBs) has been bolstered by robust capital buffers, a multi-decadal low non-performing asset (NPA) ratio, and strong earnings. Macro stress tests indicate that aggregate capital levels of SCBs would remain above the regulatory minimum even under adverse stress scenarios. Urban cooperative banks (UCBs) have strengthened their capital positions, while non-banking financial companies (NBFCs) remain well-capitalised. The consolidated solvency ratios for both life and non-life insurance firms continue to exceed minimum requirements. Stress testing of mutual funds and clearing corporations also confirmed their resilience to shocks. According to the systemic risk survey conducted by the RBI in May 2025, all major risk groups remain in the 'medium risk' category. About 92% of respondents expressed confidence in the soundness of the Indian financial system, though nearly two-thirds felt the stability of the global financial system was weakening. The central bank identified geopolitical conflicts, capital outflows, and trade disruptions as key near-term risks to domestic financial stability. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now


Time of India
30 minutes ago
- Time of India
Post Office Savings Schemes: What is the latest PPF, Sukanya Samriddhi Yojana, NSC, SCSS interest rate? Government notifies rates for July-Sept 2025
Small Savings Scheme interest rate (AI image) Post Office Small Savings Schemes Interest Rate July-September 2025: The interest rates for small savings schemes will remain unchanged for the June to September 2025 quarter, according to the government's latest notification. "The rates of interest on various Small Savings Schemes for the second quarter of FY 2025-26 starting from 1st July, 2025 and ending on 30th September, 2025 shall remain unchanged from those notified for the first quarter (1st April, 2025 to 30th June, 2025) of FY 2025-26," the Ministry of Finance notification reads. Interest rates for small savings schemes, primarily managed by post offices and banks, remain static for the sixth straight quarter. The most recent modifications to select schemes were implemented during the fourth quarter of 2023-24. The quarterly announcement of interest rates for small savings schemes continues to be a regular government practice. Latest Post Office Savings Scheme Interest Rates: July-September 2025 Instrument Rate of interest from July to September 2025 (%) Post Office Savings Deposit 4 1-Year Time Deposit 6.9 2-Year Time Deposit 7 3-Year Time Deposit 7.1 5-Year Time Deposit 7.5 5-Year Recurring Deposit 6.7 Senior Citizen Savings Scheme 8.2 Monthly Income Account Scheme 7.4 National Savings Certificate 7.7 Public Provident Fund Scheme 7.1 Kisan Vikas Patra 7.5 (Will mature in 115 months) Sukanya Samriddhi Account 8.2 The Public Provident Fund (PPF) retains its 7.1% interest rate, and the National Savings Certificate remains at 7.7%. The Senior Citizen Savings Scheme (SCSS) and Sukanya Samriddhi Yojana (SSY) continue to provide 8.2%. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Gentle Japanese hair growth method for men and women's scalp Hair's Rich Learn More Undo These small savings investment options are generally known as post office schemes. The Department of Economic Affairs under the Finance Ministry issued this information via a circular on June 30, 2025. Why are bond yields important for deciding small savings schemes rate? The reduction in repo rates by 1% has led to a decline in bond yields. RBI's policy rates share a direct relationship. When there are expectations in the market about the RBI lowering the repo rate, bond yields typically follow suit with a downward movement. The Post Office Savings Scheme interest rates are decided by following the Shyamala Gopinath Committee guidelines. The recommendations state that interest rates for small savings instruments should be linked to secondary market yields on Central Government Securities of similar maturities, with an additional spread of 25 basis points. For a 5-year time deposit, the interest rate calculation should reflect the secondary market yield of 5-year G-secs, plus the 25 basis points margin. Although the established methodology suggests that declining repo rates and bond yields should lead to corresponding reductions in small savings scheme rates to align with market conditions, the government's final decisions do not always strictly adhere to these mathematical calculations. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now