The Union Cabinet chaired by Prime Minister Narendra Modi approved an interest subvention of 1.5 percent per annum on short-term agriculture loans up to Rs 3 lakh to ensure "adequate credit flow in the agriculture sector".
The Indian Air Force will retire one of its four remaining squadrons, MiG-21 fighter jets by 2022 September and the other three are scheduled to be phased out by 2025.
The Reserve Bank has imposed several restrictions, including on the withdrawal of funds, on three cooperative banks in view of their deteriorating financial condition.
EXAMIANS