logo
Deputy Commissioner stresses need for robust market for fish produced in Mandya

Deputy Commissioner stresses need for robust market for fish produced in Mandya

The Hindu2 days ago
Deputy Commissioner of Mandya, Kumar, has emphasised the need to create a robust market for the 30,000 tonnes of fish produced annually in the district and encourage fish farming.
Presiding over the district-level committee's meeting of Pradhan Mantri Matsya Sampada Yojana (PMMSY) 2025-26, organised by the Fisheries Department in Mandya on Tuesday, Mr. Kumar said the district had a total of 856 lakes, including 177 under the department's purview and 688 under that of the gram panchayats.
In addition, fish farming was carried out in 26 river stretches and four reservoirs in the district.
While 306 lakes were developed during 2024-25, Mr. Kumar said Mandya district had a total of 47 fishermen's co-operative societies and more than 45,000 fishermen.
Emphasising the need for better training in fisheries, Mr. Kumar said a total of 742 beneficiaries had been identified under the PMMSY during the last five years, while financial assistance of ₹513.38 lakh had been provided to 150 beneficiaries under the scheme. During the year 2024-25 alone, financial assistance to the tune of ₹224.21 lakh was provided under the scheme.
He emphasised the need for encouraging fish farming in agricultural ponds and called upon the officials to ensure that the beneficiaries were utilising the PMMS effectively.
Meanwhile, Chief Executive Officer of Mandya Zilla Panchayat, K.R. Nandini, said the fishermen, who received financial assistance, should undergo training in fish farming techniques.
She also emphasised the need to monitor whether beneficiaries were properly utilising the scheme and take necessary action to prevent misuse of funds.
A book outlining the benefits, financial assistance and achievements of the PMMSY over the last five years was also released on the occasion.
Deputy Director of Fisheries Department Baba Saab, Assistant Directors Lokesh K.M., Mahadevaswamy, Jagadish T.D. and Pushpalatha, Lead Bank manager Prashant, and progressive farmer C.N. Suresh were also present.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

In a first, FSSAI app lets diners flag food safety issues via QR code at outlets
In a first, FSSAI app lets diners flag food safety issues via QR code at outlets

Mint

timean hour ago

  • Mint

In a first, FSSAI app lets diners flag food safety issues via QR code at outlets

New Delhi: The Food Safety and Standards Authority of India (FSSAI) has launched a mobile application that allows consumers to interact with restaurants and eateries electronically and raise concerns about safety and hygiene, in a move that seeks to empower customers and promote transparency. In a communication dated 25 July, the food regulator mandates that food outlets, including restaurants, dhabas, cafes, and eateries, prominently display their FSSAI licenses and registrations with a quick response (QR) code linked to the Food Safety Connect app. This strategic placement is central to the FSSAI's communication, which mandates all food business operators (FBOs) to prominently display their licence or registration copy containing this QR code at key locations such as entrances or billing counters for customers to see easily. Mint has reviewed a copy of the communication, issued by Rakesh Kumar, director (regulatory compliance division) at FSSAI, to all food service establishments across the country. The app is designed to empower consumers with several key functionalities. Users can easily lodge complaints regarding food safety and hygiene issues. "The app allows consumers to report misleading claims made on food products. Consumers can access basic information about licensed/registered FBOs, promoting transparency. The app keeps users informed about food safety initiatives and alerts," according to the communication. Kumar emphasized the importance of this initiative, urging all FBOs to actively support the programme by ensuring wide visibility of the app's QR code within their establishments and actively promoting its use among customers. To facilitate this, FSSAI has provided the QR code to all FBOs. Kumar stated that the app's launch marks a proactive step by the FSSAI to enhance consumer participation in maintaining food quality and safety standards, fostering a more transparent and responsive food regulatory ecosystem across India. A critical feature of the app is its efficient complaint routing system. When a complaint is lodged through the app, it will automatically be directed to the concerned jurisdictional authority of the specific food business. This automation ensures prompt redressal and significantly minimizes delays in addressing food safety grievances, leading to faster resolutions and improved accountability. Right now, if a person has a complaint regarding food safety, they might approach the restaurant manager directly or take a food sample to a food safety wheel (a portable food testing laboratory) or other food testing laboratories located across the city. Beyond physical premises, the FSSAI is also encouraging FBOs to integrate the "Food Safety Connect" app's QR code or a direct download link onto their digital platforms, such as websites and online ordering portals, wherever applicable. This ensures a seamless experience for consumers engaging with businesses online.

Western India no longer biggest destination for equity fundraising
Western India no longer biggest destination for equity fundraising

Business Standard

time3 hours ago

  • Business Standard

Western India no longer biggest destination for equity fundraising

A little more than two out of every three rupees raised in equity capital went to companies in Maharashtra, Gujarat, and other parts of western India before the pandemic. This share has now dropped below 50 per cent. The western region accounted for 68 per cent of the amount raised through equity issues as of March 2019, shows a Business Standard analysis of regulatory data. This has dropped to 44 per cent as of June 2025. The analysis considered amounts raised on a rolling five-year basis to even out the effect of large issues. Meanwhile, the share of the South and the North has gone up to 20-30 per cent. Both were around 13-14 per cent in March 2019. Maharashtra and Gujarat have been the traditional hotbeds of entrepreneurial and business activity, which also explains the historical concentration of equity fundraising in the western region, according to Pranav Haldea, managing director (MD) at Prime Database. The changes in the economy towards services and technology-led businesses, with many enterprises in places like Bangalore, NCR (National Capital Region), and elsewhere, may sustain a shift away from the western region, according to him. The Delhi-NCR area has mostly seen equity capital markets interest from service-based companies, noted Manoj Kumar, partner and head of mergers & acquisitions and investment banking at Delhi-based financial services venture Corporate Professionals. Places like Jalandhar and Bathinda have seen more companies from the manufacturing space eye capital markets. They include those manufacturing food products, auto components, steel, solar panel, and pharmaceutical CDMO (contract development and manufacturing organisation) companies. Many North Indian promoters have set up family offices over the years, which have invested in a range of ventures, according to Kumar. The capital market is one way for them to see an exit. A larger base of technology startups in the South, in places like Bangalore and Hyderabad, may result in more high-value IPOs from the southern region, said Kumar. The volume of transactions is expected to remain higher in the North, he added. Western India's share of registered investors has dropped to 30.1 per cent as of May 2025 and the region no longer accounts for the largest share of investors, according to National Stock Exchange (NSE) data. It was the largest regional group with a 35.2 per cent share in 2018-19 (FY19). Classification criteria may differ with the Securities and Exchange Board of India (Sebi) data, but the broad trend shows a definite shift towards the North. The North is the largest regional group with a 36.4 per cent share of registered investors as of May 2025, compared to 27.9 per cent in FY19. Only three out of the latest 10 draft documents filed have a corporate office in the western part of the country, shows the Sebi website. The three are: Gujarat-based companies Oswal Energies and Shree Ram Twistex; and Maharashtra-based ICICI Prudential Asset Management Company. The rest seven are: Allied Engineering Works and Safex Chemicals (India) from Delhi; Orient Cables (India), Aggcon Equipments International, and Juniper Green Energy from Haryana; Hero Motors from Uttar Pradesh; and Emmvee Photovoltaic Power from Karnataka.

Cognizant beats TCS & Infosys in revenue growth, profit rises 14% in Q2
Cognizant beats TCS & Infosys in revenue growth, profit rises 14% in Q2

Business Standard

time5 hours ago

  • Business Standard

Cognizant beats TCS & Infosys in revenue growth, profit rises 14% in Q2

Cognizant's net profit in the second quarter of 2026 increased 14 per cent to $645 million, driven by earnings from health sciences and financial services verticals and contributions from last year's acquisitions. The Nasdaq-listed information technology (IT) company's revenue increased 8.1 per cent to $5.25 billion in Q2, beating Bloomberg estimates of $5.19 billion. On a constant-currency basis, it was up 7.2 per cent. Both numbers were better than TCS and Infosys, the company's Indian rivals. TCS's revenue was down 3.1 per cent on constant currency and Infosys's was up 3.8 per cent. Cognizant follows a calendar year for its financial reporting. Cognizant's numbers were buoyed by two mega deals (those worth $500 million each or more) in Q2, taking the total to three in 2025 as it works to once again rank among India's top four IT services companies in three years. The company is headquartered in the US, but has a massive operational presence in India. 'It is a great quarter in a market which still remains uncertain and the macroeconomic (condition) has not changed much,' said Ravi Kumar, Cognizant's chief executive officer (CEO), on Thursday. Bolstered by better-than-expected revenue growth and large deals, the company narrowed the lower end of its guidance for 2026. Cognizant now expects to grow between 4-6 per cent on constant currency, up from 3.5-6 per cent it guided in April. For the third quarter ending September 30, growth is expected to be 3.5 per cent to 5 per cent. Cognizant said Belcan, the engineering research and development company it bought last year, accounted for about half of its quarterly revenue growth, mirroring the contribution in the previous quarter. Cognizant won 29 large deals (worth $100 million each or more) in 2024 and 17 the year before when Kumar took over as CEO. In the first six months of 2026, it has signed 10 such deals. 'All the large deals that we did last year were productivity deals,' said Kumar, referring to cost takeout and efficiency improvement deals which are the bread and butter for IT services companies but come with margins which are increasingly under pressure. 'From this year, innovation and productivity deals and innovation deals have improved. Our total contract value of large deals has doubled and our annual contract value has also grown sequentially and compared to last year. The fourth quarter usually has more renewals and that's where we think the deal ramp ups will happen.' Cognizant is following three strategies for growth: upskilling employees; scaling up innovation through platform-led growth in the artificial intelligence era; and aiming to gain an edge over competitors in GenAI. Revenue from health sciences and banking, financial services and insurance was up 5.3 per cent and 6 per cent, respectively, in Q2. Revenue from products and services, including Belcan, was up about 15 per cent. North America revenue was up 8.1 per cent and Europe 4 per cent, both similar to that of other IT companies. Operating margins increased 100 basis points to 15.6 per cent. "Our increased revenue guidance midpoint and reaffirmed adjusted operating margin outlook reflect strong execution and momentum year-to-date,' said Jatin Dalal, chief financial officer of Cognizant.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store