Govt. nod for ₹3-crore special package for paddy procurement in Kuttanad
Mill owners had declined to lift the harvested paddy citing poor quality, forcing the government to come up with a solution. Following this, the government had roped in the Oil Palm India for procuring the paddy. The Agriculture Department will assess the quality of the paddy and the Director of Agriculture will determine the price.
The Agriculture Director has also been tasked with assessing the extent of the crop damage.
Nearly 70 'Paadasekharams' in the Alappuzha municipality, Punnapra North, Thakazhi, Karuvatta, Ambalappuzha south, Nedumudi, Kainakari and Pulinkunnu had reported saline water intrusion, affecting the quality of the paddy and the yield, Mr. Prasad said.
As the harvested paddy fell short of the Fair Average Quality (FAQ) in accordance with the Minimum Support Price/Public Distribution System (MSP/PDS), the paddy procurement had run into trouble.
It was also decided that the quantum of paddy that meets the FAQ requirement will be procured by the Kerala State Civil Supplies Corporation (Supplyco) as per the existing procurement mechanism.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fibre2Fashion
14 hours ago
- Fibre2Fashion
India's PDS Ltd reports strong GMV growth, EBITDA down 31% in Q1 FY26
Indian apparel manufacturing company PDS Limited has announced its consolidated financial results for the first quarter (Q1) of fiscal 2026 (FY26), reporting a 14 per cent year-over-year (YoY) rise in revenue from operations to ₹2,999 crore (~$329.89 million). The company's gross merchandise value (GMV) surged 19 per cent quarter-over-quarter (QoQ) to ₹4,634 crore (~$509.74 million), reflecting strong demand across its global client base. The gross profit for the quarter reached ₹582 crore, up 7 per cent from the previous quarter. Despite the top-line growth, profitability saw a dip. EBITDA declined 31 per cent to ₹51 crore, while profit after tax (PAT) fell 36 per cent to ₹20 crore in Q1 FY26, compared to ₹31 crore in Q4 FY25. India's PDS Limited has reported a 14 per cent YoY rise in Q1 FY26 revenue to ₹2,999 crore (~$329.89 million), with GMV up 19 per cent QoQ. Despite growth, EBITDA fell 31 per cent and PAT declined 36 per cent. The company remains focused on operational efficiency and long-term growth, supported by an asset-light model, strategic restructuring, and promising cost optimisation measures. PDS continues to support global brands and retailers with product development, sourcing, manufacturing, and brand management services. The company remains focused on driving operational efficiencies and long-term strategic growth, even as it navigates profitability challenges in a dynamic global retail environment, it said in a press release. 'While Q1 FY26 reflects a dip in profitability owing to macroeconomic headwinds, we remain firmly on track to deliver on our long-term growth vision. PDS's asset-light, demand-responsive model continues to enable scalable solutions across key global markets. The recent India-UK FTA marks a pivotal step toward enhanced trade flows and deeper partnerships, especially given our strong presence in Europe and the UK,' said Pallak Seth, executive vice chairman at PDS Limited . 'At the same time, the US tariff landscape remains uncertain and requires stabilization to provide greater visibility. As the macro environment stabilizes and our verticals mature, we remain confident in achieving our vision.' 'PDS is undergoing a transformation for building a leaner, more agile organisation focused on long-term value creation. Our cost optimisation programmes are already showing promising early signals, reinforcing our commitment to operational excellence and profitability,' said Sanjay Jain, group CEO . 'We have consolidated teams and enhanced execution agility across the platform. As we streamline underperforming verticals and reallocate capital toward high-potential areas, we remain committed to our guidance. With strong fundamentals, disciplined execution and improved cost structure, we are well positioned for sustained, future-ready growth.' Fibre2Fashion News Desk (SG)
Business Standard
a day ago
- Business Standard
PDS consolidated net profit declines 34.72% in the June 2025 quarter
Sales rise 14.44% to Rs 2999.42 croreNet profit of PDS declined 34.72% to Rs 12.99 crore in the quarter ended June 2025 as against Rs 19.90 crore during the previous quarter ended June 2024. Sales rose 14.44% to Rs 2999.42 crore in the quarter ended June 2025 as against Rs 2621.06 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 14 OPM %1.692.77 -PBDT56.8259.07 -4 PBT26.8935.76 -25 NP12.9919.90 -35 Powered by Capital Market - Live News
Hans India
a day ago
- Hans India
2.07L farmers to be covered in Nandyal dist
Nandyal: The State government will officially launch the 'Annadata Sukhibhava' scheme on August 2, aimed at enhancing the welfare of farmers across the State. District Collector G Rajakumari made the announcement after participating in a video conference convened by Chief Minister Nara Chandrababu Naidu from the Amaravati Secretariat on Thursday. The Chief Minister reviewed the preparations for the scheme's rollout with district collectors across the State. Speaking from the video-conference hall at the Nandyal Collectorate, Collector G Rajakumari stated that nearly 2.07 lakh farmers in Nandyal district would benefit under the scheme. Each eligible farmer will receive Rs 7,000, comprising Rs 5,000 from the State government under Annadata Sukhibhava and Rs 2,000 from the Central government under the PM-KISAN scheme. She directed the Agriculture Department to ensure smooth implementation and take proactive steps to avoid any grievances from beneficiaries. The Collector stressed the importance of completing the eKYC process, instructing officials to immediately address pending cases in all mandals. She urged farmers to complete eKYC at the earliest to avoid delays in receiving benefits. Additionally, she reminded all farmers cultivating paddy to pay their crop insurance premiums before August 15 through their nearest Rythu Seva Kendras to ensure coverage for the ongoing season.
