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Geo-tagging of agriculture assets created under Rashtriya Krishi Vikas Yojna (RKVY): Shri Radha Mohan Singh
Apr 06,2017

A MoU was signed between Rashtriya Krishi Vikas Yojana (RKVY) and National Remote Sensing Centre (NRSC) for geotagging of agriculture land.

Shri Radha Mohan Singh said that Rashtriya Krishi Vikas Yojana (RKVY) works for the development of Agriculture & allied sectors by motivating the states. More than 1.5 lakh assets have been created/ developed under this scheme in agriculture, horticulture, livestock, fisheries and dairy sectors. It is imperative to formulate a national index of the assets to understand them, systemize them and to reduce the gap between demand and supply.

Agriculture Minister said that the government is committed to transparency in governance. Shri Singh said that development of space-related technologies to prepare the list of the assets and their utilisation is a progressive step. Being aware of the realistic status of assets will not only be helpful in monitoring and utilising, but also be extremely useful in formulating development schemes in the agriculture sector. Agriculture Minister added that it will also help in avoiding duplication and pave the way for harmonising a balance between the various schemes of the ministry.

Shri Radha Mohan Singh further added that there is unlimited scope for agriculture development by utilising satellite and remote sensing technologies. The government wants farmers to avail the benefits provided by these technologies. Shri Singh said that by utilising space-related technologies farmers will get timely information about pesticide/residue testing labs, storage infrastructure and agriculture markets.

Agriculture Minister informed that the space technology needs to be developed in the areas such as land resource mapping, pesticides management, soil health mapping, crop yield estimation as well as the identification and assessment of floods like calamities, inland fisheries, animal species identification and sheep rearing and when the technology is developed, the farmers can enjoy quick and instant benefits.

Shri Singh said very soon farmers would utilise the internet and mobile phones to obtain agriculture related information such as fertility of soil, the quantity of fertiliser to be used, condition for sowing potential pests aggression, estimation of yield, godowns, cold storage, agriculture markets as well as identification and availabilities of animal species.

Agriculture Minister showered both the teams as well as states with praise for applying space and remote sensing technologies to monitor agriculture-related assets under RKVY.

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Gopala Polyplast allots 5 lakh warrants
Apr 06,2017

Gopala Polyplast announced that the Board of Directors at their meeting held on 06 April 2017 have allotted 5,00,000 warrants of Rs. 60/- each convertible into 5,00,000 Equity Shares of Rs. 10/- each fully paid up at a premium of Rs. 50/- per share to the allottees who are Non-Promoters.

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Board of Saumya Capital announces change in directorate
Apr 06,2017

The Board of Saumya Capital has appointed Surinder Bir Singh Juneja and Divya Jain as an Indipendant director w.e.f. 06 April 2017. The Board has accepted resignation of Shamsher Singh and Deepika Uttamchandani from the post of directorship w.e.f. 06 April 2017.

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Outcome of board meeting of Avantel
Apr 06,2017

Avantel announced that the Board of Directors of the Company at its meeting held on 06 April 2017 has transacted the following -

1.Resolved to sell/ dispose off the immovable property in the name of the company located at Plot No.16, Sector-III, Huda Techno Enclave, Madhapur, Hyderabad to M/s. Tetra Soft (India) Private Limited together with all the tangible assets for a consideration of Rs. 18 Crores, subject to approval of the shareholders.

2.Approved the Postal Ballot and E-voting Notice for obtaining the approval of the Shareholders of the Company to the sell/ dispose off the immovable property in the name of the company located at Plot No.16, Sector-III, Huda Techno Enclave, Madhapur, Hyderabad to M/s. Tetra Soft (India) .

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Gokak Textiles gets revision in credit ratings
Apr 06,2017

Gokak Textiles announced that ICRA has revised the ratings of the Company.

Fund Based facilities including term loan (Rated on long term scale) - ICRA B+ (Stable)
Fund Based (Rated on short term scale) - ICRA A4

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Huhtamaki PPL allots 28.10 lakh equity shares
Apr 06,2017

Huhtamaki PPL has allotted 28,10,000 Equity Shares of Face Value of Rs. 2/- each (fully paid) to the shareholders of erstwhile Webtech Labels in the ratio of 281 equity shares of Rs. 2/- each of the Company, for every 1 equity share of Face Value of Rs. 10/- each held by them in Webtech Labels, in pursuance of the Scheme of Arrangement/Amalgamation of Webtech Labels with the Company.

Consequent to the above allotment, the paid up equity share capital of the Company has increased from Rs. 14,54,23,868/- consisting of 7,27,11,934 equity shares of face value Rs. 2/- each to Rs. 15,10,43,868/-, consisting of 7,55,21,934 equity shares of face value Rs. 2/- each

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Radaan Mediaworks (I) shifts registered office
Apr 06,2017

Radaan Mediaworks (I) has shifted the registered office from No.10 Paul Appasamy street, T.Nagar, Chennai - 600 017 to No.14 Jayammal Road, Teynampet, Chennai - 600018 with effect from 1 April 2017.

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Gammon India gets NCLT approval for scheme of arrangement
Apr 06,2017

Gammon India announced that the National Company Law Tribunal, Mumbai Bench (NCLT) has at the hearing held on 30 March 2017, approved the Scheme of Arrangement between Gammon India (GIL or the Transferor Company) and Transrail Lighting (TLL or the Transferee Company) and their respective shareholders and creditors (the Scheme) for transfer of the Companys T&D Undertaking.

A certified true copy of the order is awaited from the NCLT. A copy of the said order will be filed with the Registrar of Companies (ROC) Mumbai, as soon as the same is received by the Company. The Scheme will come into effect upon filing of the copy of order with the ROC.

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IIFL Holdings to hold EGM
Apr 06,2017

IIFL Holdings announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 11 May 2017 .

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Tata Chemicals to hold EGM
Apr 06,2017

Tata Chemicals announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 8 May 2017 .

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United Bank of India to hold EGM
Apr 06,2017

United Bank of India announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 28 April 2017 .

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Board of Narendra Investments (Delhi) recommends final dividend
Apr 06,2017

Narendra Investments (Delhi) announced that the Board of Directors of the Company at its meeting held on 5 April 2017, inter alia, have recommended the final dividend of Rs 0.25 per equity Share (i.e. 2.5%) , subject to the approval of the shareholders.

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Cerebra Integrated Technologies to hold EGM
Apr 06,2017

Cerebra Integrated Technologies announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 28 April 2017 .

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Steady reform progress fueling Indias growth pick up: ADB
Apr 06,2017

Indias fast growth will resume with gross domestic product (GDP) expanding by 7.4% in fiscal year (FY) 2018 and 7.6% in FY2019 supported by reform measures, says a new Asian Development Bank (ADB) report.

In its new Asia Development Outlook (ADO) 2017 report, ADB notes that the deceleration to 7.1% registered last year was due in part to slower investment growth. Also contributing to the moderation was the impact of the governments demonetization of high-value currency notes, though this effect is seen as largely temporary. ADO is ADBs flagship annual economic publication.

An array of important reforms has propelled Indias economic success in recent years, said Yasuyuki Sawada, ADBs Chief Economist. A continued commitment to reform n++ especially in the banking sector - will help India maintain its status as the worlds fastest growing major economy.

Indias growth in FY2017 was fueled by agriculture and government services. Industrial growth, however, slowed to 5.8% over the last 12 months from 8.2% in FY2016. Growth in services moderated to 7.9% due to slowdowns in finance and real estate. Net foreign direct investment (FDI) in the country remained strong at $36.7 billion in FY2017 following the governments efforts to simplify guidelines and allow FDI in key economic sectors.

Moving forward, the ADO expects growth to accelerate through increased consumption, as more new bank notes are put in circulation, and as planned salary and pension hike for state employees are implemented. The public sector will remain the main driver of investment as banks continue to wind down balance sheets constrained by high levels of stressed assets. Exports are forecast to grow by 6% in the coming year.

Inflation, meanwhile, is expected to accelerate to 5.2% in FY2018 and 5.4% in FY2019 as the global economy recovers and commodity prices rebound.

The assessment notes risks from higher oil prices as India imports nearly 80% of its fossil fuel needs. A rapid increase in the price of oil could undermine the countrys fiscal position, stoke inflation, and swell the current account deficit. The report estimates that a $1 increase in oil prices raises the import bill by nearly $2 billion. In FY2016, rising oil prices resulted in a 37.6% increase in Indias import bill. To mitigate Indias vulnerability to oil price swings, the government has proposed reducing dependence on imported oil by 10% over the next 5 years through more efficient domestic production and increased private investment into the sector.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, ADB is celebrating 50 years of development partnership in the region. It is owned by 67 members - 48 from the region.

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Somany Ceramics issues Commercial Paper aggregating Rs 40 crore
Apr 06,2017

Somany Ceramics has issued commercial paper of Rs 40 crore dated 6 April 2017 having maturity on 20 June 2017.

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