Tag: Indias

  • India’s Minimum Import Price For Apples Saves Kashmir’s Orchard Owners

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    by Raashid Andrabi

    SRINAGAR: Kashmir’s apple growers can finally take a deep breath of relief as the Indian government has implemented a Minimum Import Price (MIP) for apples, which puts an end to the influx of cheap imports from Iran and Afghanistan.

    This policy mandates that any apple costing less than Rs 50 per kilogram cannot be imported, providing a much-needed boost to the local apple industry. With over 35 lakh people, both directly and indirectly, depending on the apple industry for their livelihood, the move is expected to have a significant impact on the Kashmiri economy, which currently accounts for around 8% of the country’s GDP.

    The announcement of this decision was received with open arms by the Kashmiri apple growers, who have been struggling for years with declining prices due to the cheap import of apples from neighbouring countries. The drop in apple pricing caused losses for local producers, leading to many switching their apple orchards for non-agricultural purposes. The new policy is expected to ensure that the local apple industry obtains a higher market share.

    According to Majid Aslam Wafai, President of JKPICCA, “We have been lobbying for this for a long time, and we hope that this measure will protect farmers whose input costs for growing apples have gone up manifold in recent years.” He further added, “We will have a stable price now during the harvest season, beforehand the Iranian apples were sold at lesser prices here which impacted us.”

    The MIP is an import price ceiling that safeguards the interests of the country’s apple growers. The import policy remains “Free” for those apples costing above Rs 50 per kilogram. However, an exception has been made for India’s neighbour Bhutan, which has been kept out of the new restrictions.

    This decision by the Indian government is expected to have a significant impact on the Kashmiri economy. In Jammu and Kashmir, over 3.37 lakh hectares of land is being used for the production of fresh and dry fruits, and more area is added each year. Apples are grown on 1.68 lakh hectares of land, accounting for a significant portion of the region’s horticultural industry. Pears are cultivated on 14,161 hectares of land in the Valley.

    The move is expected to safeguard the interests of local apple growers and ensure that the industry obtains a higher market share. The local farmers, who have been eagerly awaiting such a decision, are now optimistic about the future of the apple industry. One such farmer, Shabir Ahmad, said, “This decision has come as a huge relief for us. We were struggling to compete with the cheap imports from Iran and Afghanistan. Now, we can expect a fair price for our produce.”

    The decision to impose an MIP for apples is a welcome move, particularly for the small-scale apple growers in the region. Many of these farmers have been struggling to make ends meet due to the lack of a proper support system. The new policy is expected to provide a much-needed boost to the local apple industry, which has been facing tough competition from cheap imports from neighbouring countries.

    The Kashmiri apple industry has been a significant contributor to the region’s economy for decades. The implementation of this new policy is expected to help this industry regain its position as one of the leading horticultural industries in the country. It is also expected to provide a much-needed source of income for the local farmers who depend on the industry for their livelihood.

    Overall, the decision to implement an MIP for apples is a positive step towards supporting the local apple industry in Kashmir. With this new policy in place, local farmers can finally breathe a sigh of relief and hope for a better future.

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    ( With inputs from : kashmirlife.net )

  • Saudi’s 1st Yogacharya Nouf Al-Marwaai to represent Kingdom at India’s G20 Summit

    Saudi’s 1st Yogacharya Nouf Al-Marwaai to represent Kingdom at India’s G20 Summit

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    Riyadh: The Kingdom of Saudi Arabia’s first woman yoga master and chairperson of the Saudi committee for Yoga Nouf Al-Marwaai will represent the country on the sidelines of the G20 summit in India in September this year.

    They have been invited to deliver a speech at the C20 programme, that will be held under the theme “Vasudhaiva Kutumbakam” (One Land, One Family, One Future Through Yoga).

    Through Al-Marwaai’s participation, the Kingdom coordinates various events and activities of the program to realize the G20 message of development, peaceful coexistence and the promotion of health and well-being through sports, the Saudi Press Agency (SPA) reported.

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    “I am pleased and honored to represent our dear Kingdom 🇸🇦 in the international forum of the civil society group ‎@C20EG within the G20 programs in the Republic of India 🇮🇳 2023 AD in support of the practice of yoga. I extend my sincere thanks and gratitude to our wise leadership and His Highness the Minister of Sports ‎@AbdulazizTF for the unlimited support for women,” Nouf Al-Marwaai tweeted on May 4.

    https://twitter.com/NoufMarwaai/status/1654066236706152449?t=V7GrLFiI9rNe0_ZlgcbuPg&s=19

    On May 2, Minister of State (MoS) for External Affairs V Muraleedharan met Nouf Al-Marwaai in Riyadh and congratulated for her work.

    In turn, Nouf Al-Marwaai took to Twitter and wrote, “Meeting with the Honorable Minister of State for External Affairs, Gov of India @MOS_MEA in Riyadh today discussing bilateral exchanges in the field of Yoga & upcoming Yoga activities during India’s G20 Presidency in @C20EG @iccr_hq.”

    What is G20 Summit?

    G20 Summits are held annually, led by a rotating presidency. It initially focused largely on broad macroeconomic issues, but has since expanded its agenda to include trade, sustainable development, health, agriculture, energy, environment, climate change and anti-corruption.

    G20 or Group of 20 is an intergovernmental forum comprising 19 countries and the European Union (EU).

    The members of the G20 are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkiye, the United Kingdom, the United States, and the European Union.

    India is hosting the 18th edition of the G20 summit from September 9 to 10 in New Delhi this year.



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    #Saudis #1st #Yogacharya #Nouf #AlMarwaai #represent #Kingdom #Indias #G20 #Summit

    ( With inputs from www.siasat.com )

  • India’s richest actress Aishwarya Rai’s net worth, cars and more

    India’s richest actress Aishwarya Rai’s net worth, cars and more

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    Mumbai: The beauty queen with impeccable acting skills, Aishwarya Rai Bachchan is one of the most popular Bollywood actresses. She was recently seen in Mani Ratnam’s magnum opus ‘Ponniyin Selvan Part Two’ and is currently making headlines for her role in the film.  The actress who is being praised for her acting skills, is one of the top highest-paid actresses in India. With over three decades in showbiz, Aishwarya Rai Bachchan has accumulated huge wealth. If you are Aishwarya Rai’s fan, then keep scrolling to know her net worth and lavish lifestyle.

    Aishwarya Rai Bachchan Net Worth 2023

    Devdas’s ‘Paroh’ is very rich in her real life and is earning mainly from acting. Apart from charging a whopping amount to play a role in any film, Aishwarya Rai is earning a staggering amount from television commercials. She is the brand ambassador of several International beauty products too.

    Jodhaa Akbar actress is one of the most successful businesswomen. She has invested in companies like Ambee, and Possible, among others. According to the report in Times of India, she is taking home a remuneration of Rs 10-12 crore per film.

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    The actress has a net worth of over Rs 800 crores, as per various reports.

    Luxurious Home In Mumbai

    Aishwarya Rai Bachchan lives in the Bachchan family’s bungalow named Jalsa with husband Abhishek Bachchan and other family members-Amitabh Bachchan, Jaya Bachchan and daughter Aaradhya Bachchan. Their luxurious and palatial home is located in Mumbai’s Juhu neighbourhood. According to the reports, Jalsa is valued at Rs 112 Crore.

    Apartment in Bandra-Kurla Complex

    Aishwarya Rai Bachchan bought a spacious 5-BHK apartment in a premium residential tower in Bandra-Kurla Complex in 2015. The 5,500 square feet apartment is worth Rs 21 crore.

    Aishwarya Rai Bachchans house in Bandra 3

    According to multiple reports, Sonam Kapoor too owned a property in the same complex which she sold for Rs 32.5 crore at the start of this year (2023).

    Aishwarya’s Dubai Villa

    Aishwarya Rai Bachchans villa in Dubai

    Abhishek and Aishwarya Rai Bachchan also own a lavish villa in Dubai. The villa is located in Dubai’s poshest neighbourhoods, Sanctuary Falls in Jumeirah Golf Estates. It is a kind of vacation home for the Bachchan family. The villa has luxurious and modern amenities like a golf course, a swimming pool, a Scavolini-designed kitchen and more.

    Worli Home

    Aishwarya Rai Bachchan and Abhishek Bachchan own a stunning apartment in Worli, Mumbai. The apartment is located on the 37th floor of Skylark Towers. It is worth 41 crore, according to various reports.

    Aishwarya Rai Bachchans house in Bandra 2

    Aishwarya Rai Bachchan Car Collection

    Aishwarya Rai loves luxurious cars and has shelled out a whopping Rs 7.95 crore to purchase a Rolls Royce Ghost a few years back. She also owns a Lexus LX 570 worth approximately Rs 2.33 crore and a swanky Audi A8 L which costs approximately Rs 1.56 crore.

    Lexus LX 570

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    #Indias #richest #actress #Aishwarya #Rais #net #worth #cars

    ( With inputs from www.siasat.com )

  • India’s Bindyarani Devi wins silver at Asian Championships

    India’s Bindyarani Devi wins silver at Asian Championships

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    Jinju: Indian weightlifter Bindyarani Devi was quick to make amends after an underwhelming performance in snatch section as she clinched an overall silver in the women’s 55kg competition at the Asian Championships here on Saturday.

    The Commonwealth Games silver medallist had a total effort of 194kg (83kg+111kg), as she opened India’s medal tally in this edition of the championship.

    Bindyarani also won the silver in the clean and jerk section. She was, however, competing in a non-Olympic weight category.

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    “I’m happy with my performance today. I had injured my left knee before the trials. Once that was okay I had issues with my right one so my training was affected and I couldn’t give my best,” she told PTI.

    “But today thanks to god my body was feeling good before the competition,” she added.

    The Manipuri, who hasn’t been able to speak to her family back home due to the ongoing ethnic violence in the state, had two failed lifts — one each in snatch, and clean jerk. But a gold medal would have been out of her grasp even if she had completed those two lifts.

    Chen Guan Ling of Chinese Taipei won the gold with a 204kg (90kg+114kg) effort while Vietnam’s Vo Thi Quynh Nhu 192kg (88kg+104kg) bagged the bronze in a depleted field.

    The top lifters in 55kg have either bulked up or moved down weight classes in order to qualify for the 2024 Paris Olympics next year.

    Bindyarani started off nicely, executing her first two snatch attempts of 80kg and 83kg with relative ease but her 85kg try was deemed a no lift. Her personal best in snatch is 86kg.

    Placed fourth after the snatch event, the Manipuri covered ground by lifting the second highest weight in clean and jerk.

    She, then, unsuccessfully, tried to improve her total with a 115kg lift. She had lifted 116kg at the Birmingham CWG last year.

    The Manipuri was forced to switch back to her original 55kg weight division for this event due to an injury she sustained ahead of the selection trials.

    She had moved to the 59kg weight class, that features in the Paris Olympics, during last year’s World Championships where she finished 25th.

    Her performance here was not her best but head coach Vijay Sharma had said before the tournament that the aim was to make Bindyarani just participate in the event, which is one of the qualifiers of the Paris Olympics, and peak during the Asian Games later this year.

    “Before the injury, I had improved my personal best but the injury affected my training and we wanted to take it easy. At the Asian Games, I will win gold for sure,” Bindyarani said.

    Under the 2024 Olympic qualification rule, a lifter has to compulsorily compete in the 2023 World Championships and the 2024 World Cup.

    Apart from the two above, a lifter also has to participate in three among the following additional events — the 2022 World Championships, the 2023 Continental Championships, the 2023 Grand Prix 1, the 2023 Grand Prix II and the 2024 Continental Championships.

    Having competed here and in last year’s World Championships, both Mirabai Chanu and Bindyarani now need to take part in one other additional event, apart from the two compulsory ones.

    The International Weightlifting Federation (IWF) will publish the Olympic Qualification Rating (OQR) of each weight category at the end of the qualification period.

    A weightlifter’s best three performances at the qualifying events will be taken into account for final assessment.

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    #Indias #Bindyarani #Devi #wins #silver #Asian #Championships

    ( With inputs from www.siasat.com )

  • Watch Video: India’s Hard-Hitting Attack on Pakistani Counterpart Bilawal Bhutto After SCO Summit – Kashmir News

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    Watch Video: India’s Hard-Hitting Attack on Pakistani Counterpart Bilawal Bhutto After SCO Summit

    In a hard-hitting attack on his Pakistani counterpart Bilawal Bhutto Zardari, External Affairs Minister S Jaishankar called him the “promoter, justifier and spokesperson of a terrorism industry” after the Shanghai Cooperation Organisation meeting on Friday.

    On Bhutto Zardari’s comments on tackling terrorism, Jaishankar said Pakistan’s credibility in dealing with is depleting even faster than their forex reserves. Asked whether there could be talks between India and Pakistan on combating the menace, the external affairs minister said, “Victims of terrorism do not sit together with perpetrators of terrorism to discuss terrorism.”

    WATCH VIDEO: 

    The external affairs minister said Bhutto Zardari came to India as foreign minister of an SCO member state and it is part of multilateral diplomacy. “Do not see it as anything more than that,” he added. On the so-called China-Pakistan Economic Corridor, Jaishankar said it was made very clear that connectivity is good for progress, but it cannot violate the territorial integrity and sovereignty of states. He said as a foreign minister of an SCO member state, Bhutto Zardari was treated accordingly.

    (AGENCIES)

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    #Watch #Video #Indias #HardHitting #Attack #Pakistani #Counterpart #Bilawal #Bhutto #SCO #Summit #Kashmir #News

    ( With inputs from : kashmirnews.in )

  • India’s foreign exchange reserves rise to $588.78 billion

    India’s foreign exchange reserves rise to $588.78 billion

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    New Delhi: India’s foreign exchange reserves increased marginally by $4.53 billion to $588.78 billion during the week ending April 28, according to Reserve Bank of India data released on Friday.

    As per the data, India’s foreign currency assets, the biggest component of the forex reserves, rose by $4.99 billion to $519.48 billion.

    During the week ending April 21, the country’s foreign exchange reserves had fallen by $2.164 billion to $584.248 billion.

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    Incidentally in October 2021, the country’s forex reserves had reached an all-time high of $645 billion.

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    #Indias #foreign #exchange #reserves #rise #billion

    ( With inputs from www.siasat.com )

  • Paytm logs Rs 7,990 cr revenue in FY23, becomes India’s highest earning new-age firm

    Paytm logs Rs 7,990 cr revenue in FY23, becomes India’s highest earning new-age firm

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    New Delhi: Leading payments and financial services company Paytm on Friday announced an impressive growth in its fourth quarter of FY23, ending the financial year on a high note.

    In Q4 FY23, the company’s revenue surged by 51 percent (year-on-year) to reach Rs 2,334 crore, while the full-year revenue increased by 61 percent YoY to Rs 7,990 crore, making it the highest earning new-age company.

    In Q4, Paytm further grew its operating profit by Rs 234 crore. In Q4, Paytm’s EBITDA before ESOP costs, excluding UPI incentives, rose to Rs 101 crore, a significant improvement from the previous fiscal’s Q4 figure of (Rs 368 crore).

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    This was achieved by the increased pace of monetisation, better cost management, and higher operating leverage, said the company.

    In the fourth quarter, Paytm’s payments revenue grew by 41 percent YoY to Rs 1,467 crore.

    According to the company, including only current quarter’s UPI incentive only, net payments margin for Q4 FY 2023 was Rs 554 crore, up 107 percent YoY. In the current fiscal year, net payments margin increased 2.9x to Rs 1,970 crore, demonstrating the profitability of the payment business, despite the higher share of UPI.

    Excluding prior quarters’ UPI incentive, payments revenue grew 28 percent YoY. For FY23, led by increase in payment volume, and higher subscription revenue from device merchants, the payment revenue increased 44 percent to Rs 4,928 crore in FY23.

    Paytm significantly increased its loan distribution business with revenue from financial services and others growing 183 percent YoY to Rs 475 crore in Q4 FY 2023 and by 253 percent in FY 2023 to Rs 1,540 crore. This was largely on account of a 364 percent increase in the value of loans disbursed through its platform, said the company.

    The company continues to monetise Paytm app traffic in its commerce and cloud segment by providing marketing services to its merchants. In Q4 FY 2023, Paytm’s commerce and cloud revenue grew by 23 percent YoY to Rs 392 crore.

    In FY 2023, commerce and cloud revenue grew by 38 percent to Rs 1,520 crore.

    Paytm’s contribution margin improved from 30 percent in FY 2022 to 49 percent in FY 2023, due to improved payments profitability, and growth in high margin loan distribution business.

    The company’s user engagement on the platform continues to grow, with average Monthly Transacting Users (MTU) for Q4FY23 increasing by 27 percent YoY to 90 million, indicating a growing adoption of digital payments by consumers and merchants in India.

    The company’s Gross Merchandise Value (GMV), which stood at Rs 3.62 lakh crore for Q4 FY 2023, saw an increase of 40 percent YoY.

    The company’s loan distribution business, in partnership with marquee lenders, has continued to scale, with the total number of loans growing to 1.2 crore in Q4FY23, up 82 percent YoY, and the total value of loans amounting to Rs 12,554 crore, registering a growth of 253 percent YoY.

    Paytm claims its vision is to onboard 10 crore merchants with over 50 crore payment users in the near future. The decacorn has seven lending partners and they aim to enlist 3-4 partners in FY 2024.

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    #Paytm #logs #revenue #FY23 #Indias #highest #earning #newage #firm

    ( With inputs from www.siasat.com )

  • India’s image as vibrant democracy shouldn’t be tarnished: Vice President Dhankhar

    India’s image as vibrant democracy shouldn’t be tarnished: Vice President Dhankhar

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    Dibrugarh: India is the world’s most vibrant democracy and its image cannot be allowed to be tainted or tarnished by anyone, Vice President Jagdeep Dhankhar said on Wednesday.

    Some people are trying to tarnish India’s democratic image outside the country by spreading a false narrative that people do not enjoy their rights, Dhankhar said while addressing the 21st convocation of the Dibrugarh University here.

    ”When all is going well, why should some decry our democracy, talk outside as well as inside the country that we do not have democratic values? I dare say with confidence and without fear of contradictions, India is the most vibrant functional democracy on the planet on this date,” he said without naming anyone.

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    He urged the students that they must find a way out so that such ”pernicious and sinister narratives are nipped in the bud”.

    He appealed to students, youth, intelligentsia and media to act as ”ambassadors of the country. Believe in nationalism and run down this narrative”.

    This is a narrative with no factual basis and ”we cannot support those who inside and outside the country, tarnish and taint our growth trajectory and democratic values,” the vice president said.

    The Vice President also said that the Parliament is a “place for dialogue, discussion and debate” and not a place for disruption and disturbances.

    Dhankhar claimed that such false narratives are emanating from a few universities outside the country, including in the United States, where some Indian students and faculty criticise their own country.

    ”You will find a few politicians who will trot around the globe and criticise their country but this is not India’s culture. Our former Prime Minister Atal Behari Vajpayee when in opposition was selected by then Prime Minister P V Narasimha Rao to represent the country. This is our culture and we have to believe in our motherland and subscribe to the sublimity of our nationalism,” he said.
    Though Dhankhar did not take any names, in the past similar allegations had been made by the BJP against Congress leader RahulGandhi for having criticised the government in lectures abroad.

    Parliament is a place for dialogue, deliberation, discussion and debate and not a place for disruption and disturbances, the Vice President said.

    He asked, ”How can we weaponise disruption and disturbances as a political tool? How can we allow this hallowed theatre to be polluted?”

    It is time that an ecosystem is created so that Parliamentarians respond positively to the spirit and essence of the Constitution, Dhankhar said.

    He said that India has emerged as the fastest-growing economy in the world and is now a favoured destination for investments.

    ”We are now the fifth largest global economy and what is indeed a matter of pride is that we overtook our erstwhile colonial masters. We hope to become the third largest economy of the world by the turn of the current decade,” he said.

    The Vice President said that the year 2014 was a watershed in India’s political history with the nation being respected over the world.

    ”There has been a new mantra of governance which is less government and more governance’ coupled with visionary planning and execution,” Dhankhar added.

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    ( With inputs from www.siasat.com )

  • India’s coal production rises 8.6% to 73 mn tonnes in April 2023

    India’s coal production rises 8.6% to 73 mn tonnes in April 2023

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    New Delhi: India’s domestic coal production touched a record 73.02 million tonnes in April 2023, with a growth of 8.67 per cent against 67.20 million tonnes output, recorded during the corresponding period of last year.

    Coal India Ltd (CIL) reported production of 57.57 million tonnes in April 2023 as against 53.47 million tonnes of the year-ago period, thus showing a rise of 7.67 per cent.

    The government has paved the way for releasing additional coal in the market through greater utilisation of mining capacities of captive and private blocks, which has led to increase in dry fuel production by 17.52 per cent to 9.88 million tonnes in April 2023, as compared to 8.41 million tonnes recorded during the corresponding period of last year.

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    The total coal despatch has also registered a growth of 11.76 per cent from 71.99 million tonnes in April 2022 to 80.45 million tonnes in April 2023.

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    #Indias #coal #production #rises #tonnes #April

    ( With inputs from www.siasat.com )

  • Defence Minister Rajnath Singh to Hand Over Patrol Vessel, Landing Craft to Maldives as India’s Gift – Kashmir News

    Defence Minister Rajnath Singh to Hand Over Patrol Vessel, Landing Craft to Maldives as India’s Gift – Kashmir News

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    Defence Minister Rajnath Singh will hand over a fast patrol vessel and a landing craft to the Maldives as India’s “gift” during his visit to the island nation from May 1 to 3.

    The defence ministry said this on Sunday, noting that Singh’s visit to the Maldives will be an “important landmark” in building “strong bonds” of friendship between the two countries.

    The Maldives is one of India’s key maritime neighbours in the Indian Ocean region and the overall bilateral ties, including in the areas of defence and security, have been on an upward trajectory in the last few years.

    India’s decision to provide military platforms to the Maldives came amid China’s persistent efforts to expand its overall influence in the region.

    During his visit, Singh is scheduled to call on Maldivian President Ibrahim Mohamed Solih and hold talks with Foreign Minister Abdulla Shahid and Defence Minister Mariya Didi.

    “In tune with India’s commitment to capacity building of friendly countries and partners in the region, Defence Minister Rajnath Singh will gift one fast patrol vessel ship and a landing craft to the Maldives National Defence Forces,” the ministry said in a statement.

    Singh is also set to take stock of the implementation of various India-assisted projects in the Maldives and will interact with the Indian diaspora.

    “India and the Maldives are working closely to effectively address shared challenges, including maritime security, terrorism, radicalisation, piracy, trafficking, organised crime and natural disasters,” the ministry said.

    “India’s vision of SAGAR (Security and Growth for All in the Region) along with its ‘Neighbourhood First’ policy as well as Maldives’ ‘India First’ policy seek to work together to jointly develop the capabilities within the Indian Ocean region,” it added.

    On Singh’s talks with the Maldivian defence and foreign ministers, it said the entire gamut of defence relations between the two countries will be reviewed.

    The Maldives is also one of the biggest beneficiaries of India’s Neighbourhood First policy.

    In August last year, Prime Minister Narendra Modi and Maldivian President Solih kick-started the India-funded Greater Male Connectivity Project (GMCP), billed as the largest infrastructure initiative in the island nation.

    Under the project, a 6.74-km-long bridge and causeway link will be built to connect Maldivian capital Male with the adjoining islands of Villingli, Gulhifalhu and Thilafushi.

    Defence Secretary Giridhar Aramane visited the Maldives last month and held talks with his Maldivian counterpart, Major General Abdulla Shamaal.(PTI)

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    #Defence #Minister #Rajnath #Singh #Hand #Patrol #Vessel #Landing #Craft #Maldives #Indias #Gift #Kashmir #News

    ( With inputs from : kashmirnews.in )