ITC to develop digital markets for agriculture produces in MP, NCDEX in AP
In an attempt to take digitalization to the agriculture fields, the union agriculture ministry signed an MoU with five top rated firms involved in marketing of agriculture produce through digital platforms. The move is aimed at increasing the revenues of the farmers by creation of better digital marketing infrastructure.
NCDEX e Markets Limited (NeML), the leading National Spot Exchange in India, will implement the project in Guntur district of AP, Nasik (Maharashtra) and Devanagere of Karnataka. NCDEX e Markets Limited (NeML) works with domain experts and offers trading platforms for trading in a host of commodities, both agricultural and non-agricultural to various market participants, primary producers including farmers, traders and processors. These trading platforms combine technological efficiency and market friendly trading features in a transparent atmosphere to make trading a rich and rewarding experience. With a national presence, the company has pioneered breakthrough initiatives like Mandi Modernization Program (MMP), e-Pledge and e-marketing. NeML’s proposed digital marketplace would help enhance the livelihood of farmers and promote inclusive development in the agriculture sector particularly in AP.
NeML’s four services including market linkages, aggregation of demand, financial linkages and data sanitization will serve as a foundation to build innovative agri-focused solutions by leveraging technologies to contribute effectively towards increasing the income of farmers and improve farm efficiency/efficiency of the agriculture sector in the country with an overall goal of doubling of farmers’ incomes.
First Five-Country Biosphere Reserve of the World
Mura-Drava-Danube (MDD) was declared as the world’s first ‘five-country biosphere reserve’ by the United Nations Educational, Scientific and Cultural Organization (UNESCO).
♦ The biosphere reserve covers seven hundred kilometres of the Mura, Drava and Danube rivers and stretches across Austria, Slovenia, Croatia, Hungary and Serbia.
♦ The complete vicinity of the reserve is a million hectares – in the so-called ‘Amazon of Europe’, which is now the greatest riverine included area in Europe.
♦ The biosphere “represented an essential contribution to the European Green Deal (climate motion plan) and contributed to the implementation of the European Union Biodiversity Strategy in the Mura-Drava-Danube region.”
♦ The strategy’s aim is to revitalise 25,000 km of rivers and guard 30% of the European Union’s land area through 2030.
♦ The vicinity is one of the richest in Europe in terms of species diversity. It is domesticated to floodplain forests, gravel and sand banks, river islands, oxbows and meadows.
Digital Agriculture – Ministry of Agriculture
The Ministry of Agriculture and Farmer Welfare signs 5 memorandums of understanding with private enterprises to advance digital agriculture.
The government has launched a digital agriculture mission from 2021 to 2025. The project is based on new technologies such as artificial intelligence, blockchain, remote sensing and GIS technology, the use of drones and robots.
The Agriculture value chain extends from crop selection to crop management and the market; it includes public and non-public players in agricultural inputs and services and also logistics.
In addition to promoting innovation, the establishment of an agricultural digital ecosystem requires a long-term perspective on interoperability, data governance, data quality, data standards, security, and privacy.
T+1 Settlement System – SEBI
Securities and Exchange Board of India (SEBI) has provided a T+1 settlement system for stock Market exchanges. If the stock exchange agrees to the proposal, buyers will get cash for shares they sold or bought in their accounts faster, and in a safer and secure environment.
About T+1 (T+2, T+3) cycles:
T+1 (T+2, T+3) refers to the abbreviation of the settlement date of securities transactions.
“T” represents the transaction date, that is, the date on which the transaction occurred.
The numbers 1, 2, or three denote how many days after the transaction date the settlement—or the transfer of cash and protection ownership—takes place.
T+1 refers to stocks and mutual funds, while T+1, T+2, and T+3 refer to bonds and money market funds.
Forest Rights Act 2006 To be Carried Out
Forest Rights Act of 2006 was to be carried out in Jammu and Kashmir.
The Government of Jammu & Kashmir has decided to implement the Forest Rights Act, 2006.
It will enhance the socio-economic status of tribes and nomadic communities, including Gujjar-Bakarwals and Gaddi-Sippis.
The decision will address the prolonged struggling of tribal people and also ensure forest conservation.
Joshi Laboratory Excellence Award by QCI
QCI (Quality Council of India) launches Prof. S.K. Joshi Laboratory Excellence Award. This is India’s first laboratory excellence award. The Excellence Award has been instituted to promote Laboratory Quality and performance improvement in the country.
♦ The award has been incepted to ensure the laboratory’s dedication to attain excellence in presenting high precision checking out and calibration offerings in line with the universal national/international high-quality structures legislations, inclusive of Health, Safety & Environment.
♦ This award will be open to all presently operational laboratories pertaining to Testing, Calibration & Medical along with their Proficiency Testing Providers & Reference Material Producers positioned in India.
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