'Yog Gram' - A Pilgrimage to Health | Haridwar| 'Yog Gram' in the lap of Nature | Destination Detox

'Yog Gram' - A Pilgrimage to Health | Haridwar| 'Yog Gram' in the lap of Nature | Destination Detox

NABARD and BIRD, Lucknow jointly Organized a two-day “National Conference on Best Practices in Rural Cooperative Banks"

 NABARD and BIRD, Lucknow jointly Organized a two-day

“National Conference on Best Practices in Rural Cooperative Banks"

The National Bank for Agriculture and Rural Development (NABARD) and the Bankers Institute of Rural Development (BIRD), Lucknow jointly organized  a two-day national conference on "Best Practices in Rural Cooperative Banks" on 16 and 17th October 2023. 

This conference was attended by senior officials from NABARD, BIRD, and the Government of Uttar Pradesh, as well as representatives from 14 state cooperative banks, 61 district central cooperative banks, and over 200 selected primary agriculture credit societies.

In his inaugural address, Shri Shaji K. V., Chairman of NABARD, highlighted the current status of rural cooperative banks in the context of the "Sahkaar se Samridhi” campaign launched by the Government of India. He pointed out that the share of cooperative banks in the ground level credit flow to agricultural sector has decreased to 11%, which is a matter of great concern. In addition to this, he emphasized the importance of technological advancements, infrastructure development, branding, governance and building trust with rural customers in the growth of cooperative banks. He encouraged all present cooperative bank officials to actively work towards improvement in these areas.

In his special address, Shri B.L. Meena, Principal Secretary, Cooperation, GoUP, highlighted the efforts being made by the government of Uttar Pradesh in this direction and the business potential available in the cooperative sector.

The two-day national conference included technical sessions on "Capacity Building in Rural Cooperative Banks", "Technological Infusion", "Business Diversification in Rural Cooperative Banks" and "Human Resource Management". Technical sessions involved discussions with NABARD, various state cooperative banks, and district central cooperative banks, along with secretaries of primary agricultural credit societies from Kerala, Gujarat, Maharashtra, Andhra Pradesh, Chhattisgarh, and Telangana. Plans for further action were  formulated based on these discussions.

On this occasion, a guidance document titled "Internal Audit Manual for Rural Cooperative Banks" prepared by the Center for Professional Excellence (C-PEC), BIRD was released. 

Besides Shri Nirupam Mehrotra, Director, BIRD, Lucknow, Shri J.S. Upadhyay, Chief General Manager, Mr. S. Manikumar, Chief General Manager, Shri S.K. Nanda, Chief General Manager, Shri Vivek Sinha, Chief General Manager, NABARD Head office Mumbai were also present in the conference.

[Basic inputs from Press Release]

World Jewellery Confederation Honours Joy Alukkas for Outstanding Contributions

 World Jewellery Confederation Honours Joy Alukkas for Outstanding Contributions

Mr. Joy Alukkas, the Chairman and Managing Director of Joyalukkas Group, has been bestowed with a special award by the World Jewellery Confederation for his outstanding contributions to the industry in India and across the globe. Mr. John Paul Alukkas, Managing Director received the honour on behalf of Mr. Joy Alukkas, in the presence of luminaries and key figures from the international jewellery sector at the World Jewellery Confederation’s CIBJO Congress 2023 held in Jaipur.

The World Jewellery Confederation acknowledged Mr. Alukkas's outstanding contributions, commitment to ethical practices, and sustainability in the jewellery supply chain. His dedicatio to promoting the cultural significance of jewellery and preserving traditional craftsmanship has been instrumental in elevating the industry to new heights.

Commenting on the achievement, Mr Joy Alukkas said: "I am deeply honoured and humbled to receive this award from the World Jewellery Confederation. It is a testament to the hard work and dedication of the entire Joyalukkas team and our unwavering commitment to our customers. I share this recognition with every member of our organization."

Joy Alukkas is renowned for his unwavering commitment to excellence and innovation in the jewellery industry. He has long been a driving force behind the evolution of the jewellery business in India and abroad. His relentless pursuit of quality, craftsmanship, and customer satisfaction has established him as a trailblazer in the industry. Under his leadership, Joyalukkas Group has grown to become one of the most respected and trusted names in jewellery retail, with a presence that spans multiple countries.

[Based on inputs from Press Release]

Shakti Pumps Receives Another Patent

 Shakti Pumps Receives another Patent:

ADA CONVERSION BASED CONTACTORLESS SOFT STARTER

 Shakti Pumps (India) Limited, India's leading manufacturer of energy-efficient pumps and motors has received a patent for inventing a “ADA CONVERSION BASED CONTACTORLESS SOFT STARTER". The Patent Office, Government of India, has awarded Shakti Pumps this patent, fully adhering to the provisions set forth in the Patents Act of 1970. This patent is set to maintain its validity for duration of 20 years, commencing from the date of filing. This is the 5th Patent that the company has secured, while also having submitted 25 Patent applications, spanning both domestic and international jurisdictions.

Motor Starter, a cutting-edge IOT device that uses a special technology to provide an incredibly smooth motor start and stop. With the ability to lengthen the starting time up to one minute, this technology offers a soft start together with the advantages of improved starting torque, a jerk-free start, the elimination of inrush current and precise control. Due to its adaptability, it is a smart choice for applications in any motor, industrial installations, and conveyor belt systems sectors. Due to its jerk-free starting and stopping qualities, which increase mechanical durability and extend motor insulation life, this starter is also a top contender for line start Permanent Magnet Synchronous Motors (PMSMs). This is a retrofit solution for induction machine. Starters, with their motor protection features, inrush current management, and safety provisions, are indispensable for maintaining the reliability of electric motors.

Sharing his views on this vital development, Mr. Dinesh Patidar, Chairman, said: “Customers can use this system remotely via Mobile which can reduce the need for physical presence. For Discom the soft starter would not only reduce stress on the motor and extend its life but also prolong the life of the entire system, including cables, transformers, and other electrical and mechanical components in the transmission system. Overall, this innovation is expected to decrease maintenance requirements and double the system's lifespan.”

Shakti Pumps is at the forefront of sustainable innovation and reliability in solar pumping solutions, while also being environmentally responsible. The company has been at the forefront of transforming the agriculture sector through solar pump technology. All Shakti submersible pumps are based on Stainless Steel (SS), which is a testimony to the latest technology and quality in manufacturing. 

Notably, Shakti Pumps has the distinction of being India's first 5-star rated pump manufacturer, supplying its products to over 120 countries across the globe and manufacturing its own solar pumps, motors, structures, controllers & VFDs. Shakti Pumps is committed to helping India meet its energy goals.

[Based on Press Release]

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Oraon Tribe in the Land of Tharu Tribe|Champapur Village| Tharuhat | West Champaran|Don of Tharuhat

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Oraon Tribe in the Land of Tharu Tribe | Champapur Village | Tharuhat | West Champaran | Don of Tharuhat

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Government of India Upgrades IREDA to 'Schedule A' CPSE, Gearing Up for 'Navratna' Status

                             Government of India Upgrades IREDA 

                             to 'Schedule A' CPSE, 

                    Gearing Up for 'Navratna' Status

Indian Renewable Energy Development Agency Ltd. (IREDA), the largest pure-play green financing NBFC in India, is pleased to announce a significant milestone in its journey towards sustainable energy development. The Ministry of New and Renewable Energy, Government of India, through a notification on 29th September 2023, upgraded IREDA from the 'Schedule B' to the 'Schedule A' category Central Public Sector Enterprises.

The elevation of IREDA to the ‘Schedule A’ category opens the door for upgradation from “Mini Ratna (Category– I)” to “Navratna” status. This will grant IREDA increased financial autonomy, allowing the organization to make more strategic decisions to further its commitment to accelerating the adoption of renewable energy solutions across the country.

Shri Pradip Kumar Das, Chairman and Managing Director of IREDA, expressed his delight and gratitude, saying, "This elevation to 'Schedule A' status is a testament to the tireless efforts of our dedicated team and the trust placed in us by the Government of India. It not only acknowledges our past accomplishments but also underscores the immense potential we hold in driving the renewable energy sector's growth in India. By attaining 'Navratna' status and the accompanying increased financial autonomy, we will be in a stronger position to drive the transformation of India's energy landscape towards sustainability."

CMD, IREDA expressed his gratitude to Hon’ble Union Minister of Power, New & Renewable Energy; Hon’ble Union Minister of Finance & Corporate Affairs; Hon’ble Union Minister of State for New & Renewable Energy and Chemical & Fertilizers; Hon’ble Union Ministers of State for Finance; Secretary, MNRE; Secretary, MoF; Secretary, DIPAM; Secretary, DPE; Board of Directors; Senior officials of MNRE, MoF, DIPAM and DPE, etc. Their constant support and invaluable guidance have played a pivotal role in elevating IREDA to the status of 'Schedule A'.

IREDA has consistently demonstrated strong growth and business performance while maintaining healthy asset quality, evidenced by the following key highlights:

• Term Loans Outstanding of ₹278,539.21 million as of March 31, 2021, ₹339,306.06 million as of March 31, 2022, ₹470,755.21 million as of March 31, 2023 and ₹472,066.63 million as of June 30, 2023, reflecting a CAGR of 30.00% between Fiscal 2021 and Fiscal 2023;
   
• Loans sanctioned amounting to ₹110,013.05 million, ₹239,210.62 million, ₹325,866.06 million and ₹18,924.51 million in Fiscal 2021, 2022, 2023 and the three months ended June 30, 2023, respectively;
   
• Loans disbursed amounting to ₹88,283.53 million, ₹160,708.22 million, ₹216,392.12 million and ₹31,739.79 million in Fiscal 2021, 2022, 2023 and the three months ended June 30, 2023, respectively;
   
• Total income of ₹26,577.44 million, ₹28,741.55 million, ₹34,830.44 million and ₹11,434.99 million for Fiscal 2021, 2022, 2023 and the three months ended June 30, 2023, respectively, reflecting a CAGR of 14.48% between Fiscal 2021 and Fiscal 2023;
   
• Profit after tax of ₹3,463.81 million, ₹6,335.28 million, ₹8,646.28 million and ₹2,945.82 million for Fiscal 2021, 2022, 2023 and the three months ended June 30, 2023, respectively, reflecting a CAGR of 57.99% between Fiscal 2021 and Fiscal 2023; and
   
• Gross non-performing assets (“NPAs”) as a percentage of Term Loans Outstanding reduced from 8.77% as of March 31, 2021 to 5.21% as of March 31, 2022, 3.21% as of March 31, 2023 and further to 3.08% as of June 30, 2023. Our net NPAs as a percentage of Net Term Loans Outstanding reduced from 5.61% as of March 31, 2021 to 3.12% as of March 31, 2022, 1.66% as of March 31, 2023 and further to 1.61% as of June 30, 2023.