eznews.inThe Kerala Co-operative Milk Marketing Federation (KCMMF), known as Milma, reported a turnover of ₹4,346.67 crore for FY24, marking a 5.52% increase from the previous year. During its 51st Annual General Meeting, the federation approved a revenue budget of ₹589.53 crore and a capital budget of ₹70.18 crore. In a gesture for Onam, Milma announced a ₹100 subsidy per bag of cattle feed for 50 days to support farmers facing rising costs. Chairman K S Mani highlighted ongoing projects aimed at boosting milk production and farmer welfare, while resolutions were passed urging government action to strengthen the dairy sector. These included calls for year-round cattle feed subsidies, affordable medical aid, insurance for farmers and cattle, interest-free loans, and a comprehensive survey of dairy production. Additionally, the meeting proposed a revenue fund for dairy farmers from profits made by private players sourcing milk from outside the state. 
Published: Sep 08 2024, 3 pmeznews.inForeign Portfolio Investors (FPIs) have made a robust start to September 2024, injecting ₹10,978 crore into Indian equities during the first week, following a significant net investment of ₹23,586 crore in the last week of August. This marks a notable turnaround from a month where FPIs were predominantly net sellers. The early September inflow surpasses the total equity investment of ₹7,322 crore for August, contributing to a total of ₹53,859 crore in net investments for the year. Analysts attribute this renewed interest to the resilience of the Indian market amid expectations of a U.S. Federal Reserve interest rate cut, which could enhance FPI inflows into emerging markets. However, concerns over elevated valuations and global economic uncertainties, particularly regarding the U.S. and China, may temper future investments. Additionally, FPIs have invested approximately ₹7,500 crore in the debt market in early September, following a trend of significant investments in previous months.
Published: Sep 08 2024, 1 pmeznews.inIndia's power generation and transmission sectors are set for significant expansion, with a projected growth of 2.2 times to USD 280 billion between FY24 and FY30, according to a report by Jefferies. As the country experiences capex-driven GDP growth, power consumption is expected to rise over 7% annually, necessitating an increase in total power generation capacity from 442 GW in FY24 to 673 GW by FY30 to avert shortages. The report highlights the critical role of thermal power plants, which currently operate at a 65-70% plant load factor, in meeting this demand. Additionally, the capacity for renewable energy is anticipated to grow rapidly, with annual additions expected to increase 3.5 times from FY24 to FY27. The power transmission sector is also poised for growth, with project bids rising from less than Rs 150 billion in 2021 to Rs 1 trillion currently, driven by government initiatives and increasing energy needs.
Published: Sep 08 2024, 12 pmeznews.inA deep depression in the Bay of Bengal is expected to intensify, bringing isolated extremely heavy rainfall to Coastal Andhra Pradesh and Yanam over the next two days, with very heavy rain forecasted for Telangana. The India Meteorological Department (IMD) reported that the depression, located about 310 km east of Kalingapatnam, is likely to move northwest towards the Odisha-West Bengal coasts, affecting Jharkhand and north Chhattisgarh in the following days. The seasonal monsoon trough has shifted south, causing a skewed rainfall distribution, with Rajasthan experiencing a surplus. Heavy rain is also anticipated across various regions, including Kerala, Assam, and Meghalaya, throughout the week. Satellite imagery indicates cloud cover and moderate rain across parts of Andhra Pradesh, Telangana, and Odisha, while West India can expect widespread light to moderate rain, particularly in Madhya Maharashtra and Vidarbha.
Published: Sep 08 2024, 11 ameznews.inThe adoption of a circular economy model in India's dairy farming sector is proving beneficial for both environmental sustainability and economic resilience. This approach emphasizes the efficient use of resources, waste reduction, and improved soil health. With India generating approximately 500 million tonnes of cattle dung annually, effective waste management is crucial. Innovations such as biogas production from manure not only provide a renewable energy source but also yield nutrient-rich fertilizers, enhancing soil fertility. Successful implementations of zero-waste practices, exemplified by the Gujarat Cooperative Milk Marketing Federation, demonstrate significant reductions in waste. However, challenges such as resistance to change and high initial costs remain. Overcoming these obstacles through government support, funding, and education is essential for the future of sustainable dairy farming. Continued technological advancements and collaborative efforts among farmers, stakeholders, and policymakers are vital for fostering an environmentally friendly agricultural landscape.
Published: Sep 08 2024, 10 ameznews.inA well-formulated diet is essential for enhancing milk production, reproductive efficiency, growth, immune function, and environmental sustainability in dairy and beef cattle, according to recent insights in agricultural practices. Balanced nutrition, which includes adequate energy, protein, vitamins, and minerals tailored to the cows' production stages, directly influences milk yield and quality, with studies indicating that properly nourished dairy cows produce more milk with higher fat and protein content. Additionally, optimal nutrition supports reproductive health, reducing disorders and improving fertility rates. In beef production, it promotes faster weight gain and better feed efficiency, leading to healthier animals and improved economic returns. Furthermore, balanced diets bolster immune systems, reducing disease incidence and veterinary costs. By minimizing waste and optimizing feed utilization, farmers can also enhance environmental sustainability, aligning livestock operations with sustainable agricultural practices. Prioritizing balanced nutrition is thus a strategic advantage for farmers aiming to boost productivity and profitability.
Published: Sep 08 2024, 10 ameznews.inTuhin Kanta Pandey has been appointed as the new Finance Secretary of India, succeeding T V Somanathan, who has transitioned to the role of Cabinet Secretary. The announcement was made by the Appointment Committee of the Cabinet, led by the Prime Minister, with the order issued by the Department of Personnel and Training. Pandey, currently serving as Secretary in the Department of Investment and Public Asset Management (DIPAM) and also overseeing the Public Enterprises Department, is expected to retire on July 31, 2025. A senior member among six Secretaries, Pandey is recognized for his pivotal role in the privatization of Air India and the IPO of the Life Insurance Corporation of India. Originally from Punjab, he joined the Indian Administrative Service in 1987 and holds multiple degrees, including a Postgraduate in Economics and an MBA from the University of Birmingham.
Published: Sep 08 2024, 10 ameznews.inSyngenta, a global agricultural technology firm, has launched the "Climate Smart Project" in Haryana and Punjab to address climate change's impact on rice production, according to Global CEO Jeff Rowe. The initiative aims to implement regenerative agricultural practices across 50 million hectares by 2030, focusing on soil health and sustainable farming techniques. Syngenta's efforts include soil health analysis, crop residue management, and training farmers to reduce greenhouse gas emissions linked to fertilizer use. The company's "SoilCare Program" has already benefited over 5,400 farmers, reducing costs by 15% and increasing yields by 10%. Additionally, Syngenta is enhancing its product pipeline through data analytics and AI, introducing advanced crop protection technologies like PLINAZOLIN and ADEPIDYN. The firm is also pioneering drone technology for agricultural applications and aims to leverage digital solutions to optimize farming practices, ultimately supporting farmers in achieving sustainable productivity.
Published: Sep 08 2024, 9 ameznews.inIndia has dispatched 1,000 metric tonnes of rice to Malawi as part of its humanitarian aid efforts, responding to the severe drought that has devastated the Southeast African nation’s agricultural output. The drought, exacerbated by the El Niño phenomenon, has led to widespread crop damage and a significant decline in food production, prompting the Malawian government to declare a state of disaster in March for 23 of its 28 districts. External Affairs Ministry spokesperson Randhir Jaiswal announced the aid on social media platform 'X', emphasizing India's solidarity with the Malawian people during this crisis. The ongoing dry spells have critically impacted food supplies, highlighting the urgent need for international assistance in the region.
Published: Sep 08 2024, 9 ameznews.inInnovative demand consolidation companies are tackling the global food waste crisis, which sees approximately one-third of food produced lost or wasted annually, according to the FAO. The fresh fruit sector is particularly affected due to spoilage during lengthy supply chains involving multiple intermediaries. By shortening these chains and implementing data-driven strategies, these companies are transforming the sourcing and distribution of fresh produce. Direct sourcing from farmers reduces transit time and spoilage, while centralized grading and sorting ensure that fruits reach the appropriate markets, minimizing waste. Additionally, flexible purchasing options and predictive demand analysis allow retailers to buy according to actual needs, significantly lowering overstocking and waste rates from 15-20% to under 5%. As these platforms gain traction, they promise a more efficient and sustainable food distribution system, crucial for addressing the ongoing challenges of food waste and sustainability.
Published: Sep 08 2024, 9 am
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