COOPERATIVE FEDERALISM
Uttarakhand to give 33% reservation to women in cooperative institutions
Uttarakhand's government, led by Chief Minister Pushkar Singh Dhami, mandated a 33% reservation for women in cooperatives covering 10 district cooperative banks, 670 multipurpose cooperative societies, the state cooperative bank, housing and construction cooperative federation, regional co-operative union, consumer cooperative federation, and Silk Federation, starting on International Cooperative Day. Minister Dhan Singh Rawat called it historic for women's empowerment.
Plan to set up coop bank, milk producers' union in every district of country: Amit Shah
Union Cooperation Minister Amit Shah outlined the government's ambitious plans during the 'Sahkar se Samriddhi' programme marking the 102nd International Day of Cooperatives. He announced targets to establish cooperative banks and milk producers' unions in every district, and to set up multipurpose agriculture credit societies in two lakh panchayats lacking cooperative institutions within five years.
Amul Ice Cream tub didn't have centipede? Delhi HC directs removal of social media post
The Delhi High Court instructed a Noida-based social media user to delete posts alleging a centipede in an Amul ice cream tub, noting their absence and non-cooperation in court. Plaintiff Gujarat Cooperative Milk Marketing Federation contended the claim was false. Defendants were directed to remove posts within three days; failure would permit the company to request platform deletion
Is China fueling Pakistan's nuclear ambitions against India?
A recent image from the 2023 Pakistan Day Parade reveals Pakistan’s JF-17 Thunder Block II aircraft equipped with a Ra’ad-I nuclear-capable missile, marking a significant strategic enhancement. The development, aided by China, aims to replace aging Mirage aircraft and bolster Pakistan’s nuclear deterrence. Amidst an intensifying nuclear arms race in South Asia, this advancement impacts regional stability and poses implications for India.
Are North Korean soldiers being sent to Ukraine to fight Russia’s war?
It has been reported that North Korean soldiers are being sent to Ukraine to assist the Russian forces. This is part of a recently concluded agreement between Russia and North Korea during Russian President Vladimir Putin’s visit to the hermit kingdom. The two countries are closely cooperating on matters of defense.
Russia and North Korea sign partnership deal that appears to be the strongest since the Cold War
Russian President Vladimir Putin and North Korean leader Kim Jong Un signed an agreement pledging mutual aid against "aggression," signaling stronger ties amid their standoffs with the West. The summit marked Putin's first visit to North Korea in 24 years and raised concerns over potential arms deals for Russia's war in Ukraine. The agreement enhances security, trade, and cultural ties. U.S. and South Korean officials expressed alarm, and Putin’s subsequent visit to Vietnam underscores Russia’s efforts to bolster alliances amid global tensions.
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Govt permits 2,000 tonnes non-basmati white rice exports to Malawi, Zimbabwe
The Indian government has approved the export of 2,000 tonnes of non-basmati white rice to Malawi and Zimbabwe through the National Cooperative Exports Limited, despite a ban on such exports since July 2023 to boost domestic supply. The move aims to meet the food security needs of the two African nations.
Russian economy has withstood what even China could not have achieved: Prof. Alexander Dynkin
Prof. Alexander Dynkin discussed the significance of the Primakov Readings International Forum and the role of BRICS in shaping global economic trends. He emphasized India's pivotal role in BRICS and highlighted the growth potential in Russia-India ties. Dynkin provided insights into the Russian economy, foreign policy priorities, and commitments towards fostering regional stability and collaboration, especially in Africa. His analysis underscored Russia's resilience and strategic positioning in the evolving global landscape.
Amul seeks return of ice cream tub from Noida customer for investigation after centipede complaint
Amul has asked a woman in Noida to return an ice cream tub containing a centipede for further investigation, asserting its superior dairy product quality in India and globally. The woman shared a picture of the insect online, prompting a probe by food safety officials. Amul expressed regret over the incident and invited the customer to visit its ISO-certified plants to ensure product quality, emphasising its commitment to safety and inviting further investigation upon receiving the returned tub.
Increase minimum selling price of sugar to Rs 42/kg, says industry body NFCSF
The National Federation of Cooperative Sugar Factories (NFCSF), representing co-operative sugar mills in India, has requested the central government to increase the minimum selling price (MSP) of sugar by 35% to Rs 42/kg. The MSP was introduced in 2018 and last revised in February 2019. However, sugar prices have been consistently higher than the MSP, with ex-mill prices in Maharashtra being Rs 36/kg, and retail prices in the range of Rs 42-44/kg. The NFCSF has already submitted its proposal to the Union Government.
President Joe Biden's son, Hunter Biden, is convicted of all 3 felonies in federal gun trial
Hunter Biden was convicted of felony charges in Delaware's federal court. He showed little emotion as the verdict was read and faces up to 25 years in prison. The judge, Maryellen Noreika, will determine his sentencing.
Milk prices in India on the boil: What’s causing the hikes time and again?
Following India's completion of the monumental 18th Lok Sabha elections, a surge in prices emerged notably in milk and tolls. The nation's top two milk cooperatives, Amul and Mother Dairy, have announced a Rs 2 increase in their milk prices, effective June 3. Consequently, the full cream variants of Mother Dairy and Amul, previously priced at Rs 66 per litre in 2023, will now be priced at Rs 68 per litre.
Mother Dairy, after Amul, hikes milk prices by Rs 2/litre
In a statement, Mother Dairy attributed the price hike to production costs, which it said have been on the rise for over a year.
Amul milk price hiked by Rs 2/litre from today, sparks consumer concerns post elections
The Gujarat Cooperative Milk Marketing Federation (GCMMF) has announced a Rs 2 per litre price hike for all variants of Amul milk, effective from Monday. The decision was made in response to the rising costs of operation and milk production. Jayen Mehta, Managing Director of GCMMF, confirmed the price increase, noting that the last adjustment was made in February 2023. The hike aims to compensate farmers for their increased production costs.
Police search the European Parliament over possible Russian interference, prosecutors say
Belgium's federal prosecutor's office announced police searches at a European Parliament employee's residence and offices in Brussels and Strasbourg over suspected Russian interference. The investigation involves passive corruption and criminal organization charges, with the employee allegedly promoting Russian propaganda through the Voice of Europe news website
Avaada Energy secures Rs 315 crore finance for captive solar project in Karnataka
Avaada Energy secured Rs 315 crore financing from Aseem Infrastructure Finance ltd (AIFL) for a solar project in Karnataka. It will be developed under a long-term captive Power Purchase Agreement (PPA) with Karnataka Milk Federation (KMF). The funding from AIFL demonstrates Avaada's project financing capability and strategy. The project, located in Kalaburagi district, is expected to be completed in Q3 FY25.
Russia’s premier foreign policy forum to focus on BRICS role in shaping global financial architecture
The 'Primakov Readings' Forum in Moscow will discuss BRICS priorities in the context of Russian Presidency of BRICS. The theme is 'Russia in the Global Context' with key attendees like Yury Ushakov and Sergey Lavrov.
FMCG giants pivot to premium: Nestle and ITC lead with innovative strategies
FMCG giants like Nestle India and ITC are adopting innovative strategies to tap into the growing demand for premium products. Nestle plans to hire tasters and connoisseurs for its super-premium Nespresso coffee and boutiques, while ITC is leveraging AI and ML to predict demand and recommend products for its premium portfolio, including Fabelle chocolates and skincare.
Cannes 2024: India’s 1st crowdfunded movie ‘Manthan’ gets special screening, Naseeruddin Shah, Prateik Babbar grace red carpet
'Manthan' is India's first and only crowdfunded movie! Directed by auteur Shyam Benegal, the movie is a fictionalised account of the White Revolution, a movement that transformed India from a being a country with severely low milk supplies, to being the numero-uno in the dairy market. The movie starred the late versatile actress Smitha Patil in a pivotal role.
The rise of Xi Jinping as Putin's 'Big Brother': A new chapter in Russia-China ties
Putin's recent visit to China underscores the strengthening bond between the two countries amid Russia's actions in Ukraine. This visit, Putin's first abroad since his re-election, emphasizes the strategic partnership between Russia and China. The visit highlights their military collaboration and economic interdependence, with China's support bolstering Russia's economy and military capabilities. The alliance between Russia and China serves as a counterbalance to Western dominance and has raised concerns in the West about China's role in supporting Russia's military operations.
Nandini’s partnership with T20 world cup will help dairy brand in global market, says Karnataka CM Siddaramaiah
The Karnataka Cooperative Milk Federation (KMF) has partnered with the Scotland and Ireland cricket teams, which Chief Minister Siddaramaiah believes will boost the global presence of the Nandini brand. This partnership was revealed as Cricket Scotland unveiled their jersey featuring Nandini's name for the ICC Men’s T20 World Cup. Siddaramaiah expressed delight in Nandini securing sponsorship for these teams, highlighting its existing popularity in countries like Malaysia, Vietnam, Singapore, UAE, and the USA.
Oil prices slide 1% to 11-week low on weaker IEA 2024 demand forecast
Crude prices slid about 1% to an 11-week low on Wednesday after data from the International Energy Agency (IEA) showed oil demand in developed countries likely would flag this year.
Govt soon to finalise framework of state mining index to ensure ease of biz: Mines secretary
V L Kantha Rao emphasized the importance of a state mining index framework to promote cooperative federalism, competition, and data accuracy in the mining sector while urging states for timely data submissions.
Implementation of GST has helped poor: Sitharaman
Finance Minister Nirmala Sitharaman highlighted the significant impact of GST on the economy, praising its role in benefiting the poor by lowering taxes on essential items and improving tax buoyancy across states.
"We need competitive-cooperative federalism": PM Modi on allegations of 'insufficient support' to state govts
Prime Minister Narendra Modi has emphasized the importance of regional aspirations in India's development. He believes that a state should not face obstacles in its path to progress and will instead help it achieve its target. Modi also stressed the need for cooperation and healthy competition between states to take the country forward.
Centre to increase wheat procurement from Bihar, Rajasthan UP drastically
The Indian government plans to increase wheat procurement from Bihar, Rajasthan, and Uttar Pradesh to 50 LMT in Rabi Marketing Season 2024-25, aiming to meet its procurement target of 310 LMT and restore wheat allocation in various food security programs. The government has identified 59 districts for procurement, increased the number of procurement centres from 10,366 to 12,253, and increased the number of registered farmers from 2.22 lakh to 3.58 lakhs in RMS 2024-25.
Centre's financial restrictions threaten cooperative federalism, says Kerala Finance Minister K N Balagopal
Kerala Finance Minister K N Balagopal criticized the BJP-led Union Government for imposing financial disparities on Kerala, emphasizing the importance of cooperative federalism. He called for fair treatment for all states and highlighted the state government's case filed in the Supreme Court to secure its rightful share of tax revenue.
Amul jaisa koi nahi: PM Modi hails Amul's contribution in India's dairy sector; calls for making it world's No. 1 dairy co
Prime Minister Narendra Modi inaugurated five projects worth Rs 1,200 crore at the Golden Jubilee celebration of Gujarat Cooperative Milk Marketing Federation (GCMMF), which runs the brand Amul. Modi praised Amul's uniqueness and its contribution to India's dairy sector, calling it an 'example' for future generations. He also highlighted Gujarat's contribution to India's dairy sector, highlighting the double-engine government and the double-engine milk production in the state.
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