eznews.inThe All India Coordinated Research Project on Spices (AICRPS) has unveiled seven new high-yielding spice varieties, including Karan Dhaniya-1 (Coriander) and IISR Surya (Turmeric), during its 35th Annual Group Meeting at Chaudhary Charan Singh Haryana Agricultural University. These varieties, which also include Jodhpur Jeera-1 and CAZRI Cumin-1 (Cumin), Gujarat Fennel-13 (Fennel), RMt-259 (Fenugreek), and SAS-KEVU (Ginger), are expected to enhance productivity and resilience for farmers facing changing agricultural conditions. The meeting, organized by AICRP under the Indian Institute of Spices Research, also introduced five innovative technologies aimed at improving spice cultivation, such as seed rhizome priming with Trichoderma for ginger and turmeric. These advancements are set to bolster India's position in the global spice market, ensuring sustainable growth for both farmers and the industry, according to a press release. 
Published: Oct 18 2024, 1 pmeznews.inAs the UN-ESCAP emphasizes the urgent need for targeted funding to combat poverty and protect livelihoods in disaster-prone regions, the upcoming COP 29 in Baku, Azerbaijan, is seen as a pivotal opportunity. Sanjay Srivastava, Chief of Disaster Risk Reduction at UN-ESCAP, highlighted the vulnerability of small and marginal farmers in South Asia, particularly in the Kosi and Gandak river basins, which frequently experience devastating floods exacerbated by climate change. A recent study indicates that rising temperatures could significantly impact agricultural systems, making the region a "climate crisis hotspot." The implementation of transformative adaptation measures, such as the Digital Agriculture Mission in India, aims to enhance resilience through innovation and digital infrastructure. This initiative includes the creation of a 'Farmer ID' to empower farmers and improve access to essential services, ultimately addressing the challenges posed by climate-induced loss and damage in agri-food systems.
Published: Oct 18 2024, 1 pmeznews.inIndia's corporate bond market, valued at 47 trillion rupees ($559 billion), remains one of the smallest globally relative to its GDP, at just 16%, despite the country being the fastest-growing major economy. This limitation poses challenges for financing ambitious infrastructure projects, with spending expected to reach 110 trillion rupees ($1.3 trillion) from 2023 to 2027, a 70% increase from previous years. Regulatory barriers, particularly restrictions on long-term investments by insurers and pension funds in lower-rated bonds, hinder market expansion. Recent measures by the Securities and Exchange Board of India aim to enhance liquidity and encourage retail participation, yet companies still rely heavily on bank loans, which constitute about 28% of GDP. Experts advocate for a reevaluation of investment rules to stimulate bond market growth, which is essential for diversifying credit risks and aligning with the country's development goals.
Published: Oct 18 2024, 12 pmeznews.inExperts at the ongoing International Millets Conference in Hyderabad emphasize the need to sustain the momentum generated by last year's International Year of Millets. Raj Bhandari from the National Technical Board on Nutrition highlighted millets as a nutrient-rich alternative to industrial food fortification, addressing global nutritional deficiencies amid declining agricultural productivity. With projections indicating a 20% drop in productivity by 2050, millets are seen as a viable solution to feed a projected 9.2 billion people. Sagar Hanuman Singh, Director-General of the National Institute of Plant Health Management, noted the potential for expanding millet exports beyond Africa and the Middle East to markets in Europe, the US, and Southeast Asia. Experts also called for addressing production barriers and promoting regional food habits to make millet cultivation more profitable, underscoring the importance of consumer choice in dietary options.
Published: Oct 18 2024, 8 ameznews.inUnion Minister for Finance and Corporate Affairs, Nirmala Sitharaman, emphasized the need for collaboration between India and Mexico during the Tech Leaders Roundtable in Guadalajara, focusing on sectors such as artificial intelligence, agriculture, and healthcare. She advocated for responsible capitalism to ensure equitable growth, highlighting Mexico's success in nearshoring and its potential for talent exchange. Sitharaman announced the establishment of Centres of Excellence in India, particularly in AI and sustainable development, which align with Mexico's interests. Her visit includes a bilateral meeting with Mexico's Finance Minister Rogelio Ramirez de la O and participation in the India-Mexico Trade and Investment Summit, aimed at attracting foreign investment. Following her Mexico trip, she will attend key international meetings in the USA, including the IMF and World Bank Annual Meetings, and engage with academic institutions and industry leaders to discuss global economic challenges and opportunities.
Published: Oct 18 2024, 7 ameznews.inThe Union Labour Ministry of India is set to launch a module for enrolling platform workers on the eShram portal on Monday, as part of its efforts to establish a social security policy for gig workers by February 2025. This policy aims to provide unique IDs for gig workers and create a mechanism for social security contributions based on platform transactions. A committee is finalizing the draft, which will clarify the relationship between gig workers and employers, including employer contributions. Additionally, the Labour Ministry has approved the indefinite extension of benefits under the Employees’ Deposit Linked Insurance Scheme (EDLI) from April 28, 2024, ensuring continued insurance coverage for employees. Labour Secretary Sumita Dawra has also initiated a review of welfare measures for unorganised workers, directing the development of guidelines to align various welfare schemes with different worker categories.
Published: Oct 17 2024, 9 pmeznews.inIndia's Ministry of External Affairs (MEA) has reaffirmed the strength of its economic ties with Canada, emphasizing that the current diplomatic crisis stems from "baseless allegations" made by Prime Minister Justin Trudeau's government. MEA Spokesperson Randhir Jaiswal highlighted the significant Indian diaspora in Canada, which includes the largest group of international students, and noted substantial Canadian investments in India. He reiterated that there has been no halt in processing Indian visas for Canadians, despite ongoing tensions. Addressing the investigation into the killing of Canadian Sikh separatist leader Hardeep Singh Nijjar, Jaiswal stated that Canada has not provided any evidence to support its claims of Indian involvement. He pointed out that Trudeau himself acknowledged the lack of hard evidence during a public inquiry, asserting that the responsibility for the deterioration in relations lies solely with the Canadian Prime Minister.
Published: Oct 17 2024, 9 pmeznews.inThe Central Board of Direct Taxes (CBDT) has unveiled revised guidelines for the compounding of offences under the Income Tax Act, aimed at simplifying procedures and reducing charges. Announced by Finance Minister Nirmala Sitharaman during the Budget, these guidelines replace all previous regulations and apply to both new and pending applications. Key changes include the elimination of offence categorisation, removal of limits on application submissions, and the abolition of a 36-month filing deadline for complaints. Additionally, the requirement for the main accused to file applications has been lifted, allowing any co-accused to settle charges. Compounding fees have been rationalised, with interest on delayed payments abolished and TDS default rates reduced to a single 1.5% per month. The CBDT stated that these measures are designed to ease compliance and reduce complexities for stakeholders in the tax system.
Published: Oct 17 2024, 9 pmeznews.inIn a significant ruling on October 17, 2024, a Supreme Court Constitution Bench upheld the constitutionality of Section 6A of the Citizenship Act, which grants Indian citizenship to immigrants from Bangladesh who entered Assam before January 1, 1966. The majority opinion, led by Justice Surya Kant, emphasized that the principle of fraternity must apply universally, rejecting claims that the provision discriminates against Assamese citizens. While acknowledging the challenges posed by ongoing migration from Bangladesh, the Court attributed the burden to government failures in managing post-1971 immigration rather than Section 6A itself. Chief Justice DY Chandrachud supported the cut-off date as a reasonable measure, linking it to historical events during the Bangladesh Liberation War. Dissenting Justice JB Pardiwala deemed Section 6A unconstitutional, but the majority maintained that it does not infringe on the cultural rights of Assamese people, asserting that sustainable development and immigration can coexist.
Published: Oct 17 2024, 9 pmeznews.inThe Indian Food & Beverage Association (IFBA) has unveiled a report addressing the critical issue of food wastage in India, advocating for an integrated approach that combines policy reform, technological innovation, and public awareness. Presented to the Ministry of Agriculture, the report highlights the challenges within India's pre-harvest supply chain, including limited access to quality inputs and poor infrastructure. IFBA Chairman Deepak Jolly emphasized the moral and economic imperative of reducing food waste, proposing a data-driven roadmap to tackle the issue. The report suggests adopting a standard metric for measuring food loss, integrating circular economy principles, and identifying key loss points. It argues that reducing food wastage can enhance food security, improve farmer incomes, and contribute to sustainability. Rajeev Ranjan of McDonald’s India noted that the real challenge lies in distribution inefficiencies rather than scarcity, underscoring the need for technological and logistical improvements to combat hunger effectively.
Published: Oct 17 2024, 9 pm
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