Kolkata Current Affairs - 2019

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Enhancing Agribusiness of Cooperatives in Maharashtra

The Cooperatives Department of Maharashtra has decided to appoint managers at six major cities across the country to enhance agribusiness between cooperatives in Maharashtra and other States.

Improving Agri-Business

Maharashtra has a surplus of products such as onion, tomato, grapes, pomegranate, mangoes and raisins. These are traded in other states and in the process the traders accumulate the huge profits while the farmers are paid low due to the surplus production in the state.

To bridge the mismatch and ensure a better price for farmers and reduced burden on consumers, the Maharashtra government would appoint Managers at the cities Guwahati, Kolkata, Chennai, New Delhi, Chandigarh and Jaipur to look for business opportunities in other States.

Strengthening the Cooperatives

The Maharashtra government would strengthen the farmers cooperatives in the state to revive and enhance the collection and trading capabilities of cooperative institutions. The strengthening of cooperatives would be through two step prolonged strategy:

  • Old cooperatives, which have been in the State since the 1950s, are being revived with the help of the new strategy and funding from institutions such as the World Bank.
  • Provide an air freight subsidy on a pilot basis to carry high-value agricultural produce to the North East, Sikkim and Jammu & Kashmir, which will build up the appetite and demand from local markets.

The cooperatives will sell supply fruits and vegetables directly to similar cooperatives institutions in other States. The profits would be retained by the cooperatives owned by the farmers.

Month: Categories: StatesUPSC

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World Dynamic City 2019

The City Momentum Index of JLL which identifies World Dynamic Cities has been released by the property consultant JLL.

About the Index

The City Momentum Index of JLL measures momentum for 131 of the world’s most commercially active cities by tracking a range of socio-economic and commercial real estate indicators over a three-year period to identify the urban economies and real estate markets undergoing the most rapid expansion.

The Index measures short-term momentum over a three-year horizon and identifies urban economies and real estate markets which are currently undergoing significant rapid growth.

World Dynamic Cities 2019

The standings of the various cities under the 2019 survey are listed below:

Top 10 Cities

  • Silicon Valley of India, Bengaluru has emerged as the world’s most dynamic city among 131 major established and emerging business hubs globally.
  • The Second place is occupied by Hyderabad.
  • Other Indian cities which featured in the top 20 list are Delhi (4th), Pune (5th), Chennai (7th) and Kolkata (20th).
  • 19 of the top 20 cities from are from the Asia Pacific. This showcases the region’s rapid urbanisation and strong economic growth.

The Index notes that implementation of reforms such as RERA and GST with a focus on improving infrastructure and improving ease of doing business has brought in more transparency in the real estate sector and has given a strong impetus to the sector. As a result, India is receiving greater interest from foreign real estate investors who are seeking to tap into the countries favourable growth dynamics.

Month: Categories: InternationalReports & IndicesUPSC

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