India largest seafood exporter in 2016: FAO

Captain Fresh, a B2B fish and seafood company, on Tuesday announced raising USD 20 million (around Rs 166 crore) that will help it in expanding in global markets.
The extended C funding round saw participation from SBI Investment and Evolvence Capital, among others.
"This investment is led by Japan-based SBI Investment and Evolvence Capital, complemented by continued backing from internal investors, including Accel, Matrix Partners India, Prosus Ventures and Tiger Global," a company statement said.
Captain Fresh is backed by Ankur Capital and Incubate Fund.
"The fresh capital will be purposed towards Captain Fresh's global aspirations, particularly focusing on Europe and the USA. Discussions are already in motion with potential allies in these markets," it added.
Founder Utham Gowda said it is a transformative juncture in our aim to establish Captain Fresh on the global stage.
"Over the past three years, we've built significant supply side capacity by establishing a robust networ

World Trade Organisation, WTO

Trade experts and some members of civil society have urged India not to ratify the fisheries subsidies agreement agreed upon by the World Trade Organisation members in Geneva last year and instead commence talks for a comprehensive pact.
Members of the Geneva-based WTO on June 17, 2022, secured a 'Geneva Package' which included agreements on curbing harmful fishing subsidies and temporary patent waivers for the production of COVID-19 vaccines.
The fisheries agreement finalised would prohibit developed countries, engaged in distant water fishing, not to provide subsidies for illegal, unreported and unregulated fishing activities. However, the countries have to negotiate about the other issues of the agreement which include overfishing and overcapacity.
"We urge the government not to ratify this unequal agreement. Instead, the government should begin talks on the comprehensive agreement which is already mandated about disciplines for industrial fishing nations under Article 5 pertaini

Farmers, data, agriculture, tech

Indian Council of Agricultural Research (ICAR) Director General Himanshu Pathak on Monday said the organisation will focus more on research in livestock, fisheries and horticulture to boost growth in these three sectors.
ICAR would continue to develop climate-resilient seed varieties to ensure crop production does not get affected due to climate change, he said, adding that emphasis would also be laid on the use of digital tools in farming, as well as post-harvest management of agriculture and horticulture crops.
Pathak said the research institute will invite private players to do joint research.
On Sunday, Union Agriculture Minister Narendra Singh Tomar asked ICAR's farm scientists to focus more on research in animal husbandry and fisheries to boost production and their contribution to the overall farm sector growth.
The minister was speaking virtually on the 95th foundation day of the Indian Council of Agricultural Research (ICAR).
"Our research work is not limited to crops only

Coffee By The Lake

Experts say the trouble started after 1985 when the administration stopped auctioning of selective fishing rights in the lake

Hypocrisy on chewing animals: Why aren't we outraged about eating chickens

Union Minister Parshottam Rupala on Tuesday stressed the need for technology intervention in the animal husbandry, fisheries and dairying sectors.
Speaking after participating as chief guest at the 'Grand Startup Conclave' on Animal Husbandry and Dairy here, Rupala said technology intervention in the field of animal husbandry and fisheries will play a crucial role in productivity.
"I feel that animal husbandry and fisheries started even before agriculture. Now, it is very important that there should be technology intervention in these sectors. This is an open invitation for the youth to join and make technology intervention in animal husbandry, fisheries and dairying," said Rupala, who is Union Minister of Fisheries, Animal Husbandry and Dairying.
Union Minister of State for Fisheries, Animal Husbandry and Dairying L Murugan said there were very few startups before 2014.
"After Prime Minister Narendra Modi took initiatives, now we are third in the world and reached one lakh startup

A barrel of fish Photo: Reuters

The Jammu and Kashmir government has approved a Rs 176 crore project to boost fish production in the Union Territory having abundant water resources and great potential for fisheries development, an official said on Tuesday.
Additional Chief Secretary, Agriculture Production Department (APD), Atal Dulloo said the programme seeks to increase annual trout production by 2.5 times, from 1,663 to 4,000 tonnes, and add an additional 1,200 tonnes of carps every year.
"By doing so, the programme intends to convert the current import of around 5,000 tonnes of fish from other regions into local commerce, generating 6,050 jobs and 150 enterprises," he said, adding that it also aims to boost the growth rate of the fish sector from 3.28 per cent to 40 per cent, and increase revenue from Rs 105.55 crore to Rs 589 crore per year.
Dulloo said the project aims to increase fish production, productivity, and growth rate, as well as strengthen social security and welfare measures for the fishing ...

fishing, fisheries

The top fisheries official added that appropriate technologies are crucial in maintaining sustainability in the marine fisheries sector of the country

Farmers, agriculture, fertilizer, pesticides

According to Odisha Agriculture Minister Dr Arun Kumar Sahoo, Odisha is now a state who is topping in paddy procurement and fisheries, in comparison to other states

The South Asian Association for Regional Cooperation countries on Thursday pitched for adoption of technologies to reduce the impact of climate crisis on fisheries and acquaculture

Their initiatives span areas as diverse as sericulture and fisheries using niche solutions like IoT-based farm management and using AI to ensure freshness of produce

fishing, chilika lake

Deep sea fisheries policy must be liberalised

The US has raised questions in a committee of the World Trade Organisation on certain fishery schemes of India, the international body said in a communication on Tuesday

Alaska pollock fish

Marine fish production registered increase of 2.1% in 2019  compared to the previous year with the country recording 3.56 MT in total landings from across coasts during the year

fishermen, boat

Data showed that at 8.90 million tonnes, inland fisheries was the main production contributor.

Indian fishing boats on their arrival at Porbandar on Tuesday, March 24 2015,  after they were released by Pakistan authority Picture by PTI

The terms of reference of the committee is to ascertain the present status of exploitation of marine fishery resources by various sectors

The stock of the public sector bank (PSB) touched Rs 51, its highest level since March 2015, on improved operating performance

Indian Overseas Bank, IOB

A corporate presentation notes the "consistent shareholder returns" from more than $11 billion in dividends over the past decade

Vedanta

Stocks to Watch on Wednesday, October 4, 2023: Bajaj Finserv's insurance arm, Bajaj Allianz General Insurance has received a show cause notice alleging a tax demand of Rs 1,010.05 crore

image

The US and Europe are offering 8 to 10 times more subsidies amounting to a massive $650 billion, around 18 per cent of India's gross domestic product

solar power, solar energy, green energy, clean energy

Closing Bell on October 4, 2023: Nestle India, HDFC Bank, HUL, Infosys, and TCS rallied between 0.6 per cent and 3 per cent. Axis Bank was the biggest laggard, down 5 per cent

BSE, NSE, Sensex, Nifty, stock markets

Bollywood actress Deepika Padukone attend the 95th Academy Awards, in Los Angeles

Deepika Padukone

The National Commission found no merit in Bhullar's claim that mental tension had affected his performance since he had performed well on the first day

Gaganjeet Bhullar

About 61 percent of the total normal rainfall from June 1 to September 30 was recorded in July alone this year, according to the data of the local Met department.
The total normal rainfall from June 1 to September 30 is 734.4 mm of which 448.1 mm was recorded in July.
Himachal Pradesh received 884.8 mm of rain against normal rainfall of 734.4 mm, an excess of 20 per cent since during the monsoon season in the same period.
The state received 448.1 mm rainfall in July against normal rainfall of 256.8 mm, an excess of 75 per cent and 50.63 per cent of the total rainfall of 884.8 mm.
During June, the state received 19 per cent excess rain, 75 per cent excess rain in July, four per cent deficit rain in August and 42 per cent deficit rain in September.
As many as 45 flash floods including 26 in Kullu district alone occurred during July and seven during August. The 448.9 mm rainfall recorded in July was the highest rainfall witnessed by the state since 1980.
Extremely heavy rainfall was

Monsoon

The share of digital in the ad revenues may hit 50 per cent, say media planners

Cricket

Discount brokers have sustained the rise of the equity cult and gained market share. Now the old guard looks to strike back

Industry players say the number of demat accounts will continue to grow. However, the pace of addition may moderate.

markets, demat account

What the data suggests, however, is that India's numbers are unsustainable. They're driven by debt-fueled household consumption and government investment

Rupee, Indian Rupee, Indian currency

Indri whisky is the first Indian whisky to win this renowned award

whisky

Half of India's population between the age of 30-55 years believes 59 years should be the age of retirement and thirty-two years is when one should ideally start retirement planning,

investment,saving, money, retirement, rupee

The Confederation of All India Traders (CAIT) wrote to Amitabh Bachchan stating that his recent ad for Flipkart spreads misinformation and hurts local businesses

Amitabh Bachchan

Even if generative artificial intelligence has been overhyped, it's safe to assume that ChatGPT-type bots will only get better at routine tasks like writing computer software

jobs, IT jobs, IT industry, AI

Driven by the G20 declaration, transformative changes have begun at multilateral banks

MDB reforms

The total number of voters in Rajasthan has reached 5.26 crore, of which 2.51 crore are women, the state election department said on Wednesday.
Chief Electoral Officer Praveen Gupta said during a special brief revision program of voter lists in the state, there has been an increase of over 6.96 lakh voters.
Till the date of last publication, over 5.26 crore voters are registered in the state. Of these, over 2.73 crore are men and 2.51 crore are women, he said.
Gupta said under this revision program, a total of 11.78 lakh voters above 80 years and 17,241 voters above 100 years are registered in the final published voter list.
Similarly, a total of 5.61 lakh specially qualified people are registered as voters. These voters registered in the voter list by the Election Commission of India have been provided the option of voting facility through postal ballot in the form of home voting at the time of elections.

Poll, election, lok sabha

From grappling with rising inventory, the market now has swung to the opposite extreme, but reasons for the euphoria are unclear

real estate, construction, rate hike, interest rate hike

Honda's MotoGP team and former world champion Marc Mrquez will be ending their 11-year partnership at the end of the season, the Japanese engine maker said Wednesday.
Driving a Honda, Mrquez won six world championships, won 59 races, and secured 64 pole positions in the MotoGP class.
His last world championship came in 2019. The 30-year-old Spaniard has struggled with injury since he broke his right arm in the 2020 opener. He is currently 15th in the points standings.
The agreement will cut short Mrquez's current contract by a year.
Both parties agreed it was in their best interests to each pursue other avenues in the future to best achieve their respective goals and targets, Honda said in a statement.

Photo: Shutterstock

Cauvery dispute highlights poor water management policies

Cauvery water

PNB saw a rise in advances to Rs 1,308,719 crore, marking a 9.70 per cent increase from Rs 1,193,501 crore in the second quarter of FY24 compared to the same period in FY23

fishery

Captain Fresh raises $20 million for global expansion in Series C funding

Trade experts urge India not to ratify WTO contract on fisheries subsidies

ICAR to focus more on horticulture research to achieve higher growth: DG

Nod to selective harvest of large fish in Chandigarh's Sukhna Lake

Tech is key to develop animal husbandry, fisheries: Parshottam Rupala

Project worth Rs 176 crore approved to boost fish production across J-K

Govt working on maximising net revenue from fisheries: Union fisheries secy

Odisha govt to release Rs 804 crore in bank accounts of 40 lakh farmers

Saarc nations for technology use to fight climate crisis in fisheries

New crop of agri-tech startups go beyond farm-to-fork to serve niche areas

Widen the net

US raises questions on certain Indian schemes for fishery in WTO committee

India's marine fish production witnesses marginal rise of 2.3% in 2019

India registers fastest growth in fish production in more than two decades

Govt sets up panel to draft national policy on marine fishery