Farmers blame Siddaramaiah govt for diluting price norms

TNN
November 20, 2018

Bengaluru, Nov 20: Protesting farmers, who are demanding Rs 200 more per tonne of sugarcane over and above the fair and remunerative price(FRP) announced by the Centre in July, blame the previous Siddaramaiah government for their problems.

The Siddaramaiah government, bowed to pressure from the sugar lobby to forego its power to fix the sugarcane state advisory price (SAP), compromising the interest of cane growers, they say.

Politicians own around 40% of the major sugar mills in the state and dominate the sugar lobby in Karnataka. The Karnataka Sugarcane (Purchase and Supply Control) Act, 2013, enacted by the BJP government headed by Jagadish Shettar after a decadelong struggle by farmers, vested with the state government the power to fix the sugarcane price each year. It also gives the government the power to seize or take over mills that fail to pay the SAP.

The government calculated the SAP by taking into account the revenue of sugar mills, including from byproducts like bagasse and molasses. The farmers were happy because the SAP was usually higher than the fair and remunerative price (FRP) fixed every year by the central Commission for Agricultural Price and Costs. The Siddaramaiah government implemented the act by fixing SAP for two years despite a stiff opposition from sugar mill owners. Some mill owners refused to pay the SAP but gave in after a favourable court order for the farmers and the government. This led mill owners to get the government to amend the act.

“Since the SAP has legal backing, the mills decided do away with the provision completely,” said Subhash Shirabur, a former member of Karnataka Sugarcane Control Board and a cane grower from Bagalkot. “Unfortunately, the government readily agreed. Now we have to beg the mills for the right price.”

In place of SAP, the government brought in a revenue-sharing formula in which the farmers and the mill owners divide profits at a ratio of 70:30.

“As per the amendment, the sugar mills have to pay the FRP within 15 days of cane supply and wait till the end of the season to share the profit,” said Muttappa Komar, Bagalkot zilla panchayat vice-president. “But in the four years since the amendment came into force, the farmers have not received any money apart from the FRP.” Former CM Jagadish Shettar says issues like pending dues and irregular payment have cropped up again because the government has no control over the mills. “Re-enacting the SAP law is the only solution to this problem,” he said. “The government should seriously consider this.”

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Agencies
March 15,2020

Cybercriminals continue to exploit public fear of rising coronavirus cases through malware and phishing emails in the guise of content coming from the Centers for Disease Control and Prevention (CDC) in the US and World Health Organisation (WHO), says cybersecurity firm Kaspersky.

In the APAC region, Kaspersky has detected 93 coronavirus-related malware in Bangladesh, 53 in the Philippines, 40 in China, 23 in Vietnam, 22 in India and 20 in Malaysia. 

Single-digit detections were monitored in Singapore, Japan, Indonesia, Hong Kong, Myanmar, and Thailand. 

Along with the consistent increase of 2019 coronavirus cases comes the incessant techniques cybercriminals are using to prey on public panic amidst the global epidemic, the company said in a statement. 

Kaspersky also detected emails offering products such as masks, and then the topic became more commonly used in Nigerian spam emails. Researchers also found scam emails with phishing links and malicious attachments.

One of the latest spam campaigns mimics the World Health Organisation (WHO), showing how cybercriminals recognise and are capitalising on the important role WHO has in providing trustworthy information about the coronavirus.

"We would encourage companies to be particularly vigilant at this time, and ensure employees who are working at home exercise caution. 

"Businesses should communicate clearly with workers to ensure they are aware of the risks, and do everything they can to secure remote access for those self-isolating or working from home," commented David Emm, principal security researcher.

Some malicious files are spread via email. 

For example, an Excel file distributed via email under the guise of a list of coronavirus victims allegedly sent from the World Health Organisation (WHO) was, in fact, a Trojan-Downloader, which secretly downloads and installs another malicious file. 

This second file was a Trojan-Spy designed to gather various data, including passwords, from the infected device and send it to the attacker.

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Agencies
July 11,2020

Citing the current dismal aviation scenario, Air India is terminating the services of trainee cabin crew and cabin crew by withdrawing the offer of employment of those who were under training.

As per sources, the new crew and trainee pilots might reduce contracts from five years to one year. Sources said Air India is terminating 1,200 crew and employees who are more than 55-yr-old including 190 trainee pilots.

In a letter reviewed by IANS, Air India has informed an applicant who had been selected as cabin crew in August 2019 subject to successful completion of training.

"On behalf of Air India we would like to thank you for the interest shown by you in joining our organization. However, in view of the current aviation scenario, it would not be possible for Air India to impart any further training to you for engaging your services," the company said.

"In view of the above reasons, which are beyond the control of the company, it has been decided to discontinue your training arrangements and dispense with the offer of engagement with immediate effect. The bank guarantee furnished by you at the time of joining is returned herewith," Air India told the cabin crew.

"Once again on behalf of Air India we thank you for your cooperation and trust that you will appreciate the circumstances under which we are constrained to discontinue the training arrangements," the carrier said.

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Agencies
July 19,2020

New Delhi, Jul 19: Three of the 10 most valued companies added a total of Rs 98,622.89 crore to their market valuation last week, led by stellar gains in IT major Infosys.

Seven companies from the coveted list witnessed a decline in their market valuation last week, but their cumulative loss of Rs 37,701.1 crore was less than the total gain made by three firms -- Reliance Industries Limited, Hindustan Unilever Limited and Infosys.

The market capitalisation of Infosys zoomed Rs 52,046.87 crore to Rs 3,85,027.58 crore. Shares of Infosys had rallied over 9 per cent on Thursday after the company posted a stronger-than-expected 12.4 per cent rise in the first quarter consolidated net profit.

Hindustan Unilever Limited added Rs 25,751.07 crore in its market valuation which stood at Rs 5,48,232.26 crore at close on Friday. Reliance Industries' m-cap jumped Rs 20,824.95 crore to Rs 12,11,682.08 crore.

In contrast, HDFC's valuation plunged Rs 13,920.21 crore to Rs 3,13,269.70 crore and that of Tata Consultancy Services (TCS) declined Rs 7,617.34 crore to Rs 8,26,031.21 crore.

The valuation of ICICI Bank tumbled Rs 4,205.71 crore to Rs 2,29,156.24 crore and that of Kotak Mahindra Bank by Rs 4,175.28 crore to Rs 2,62,864.37 crore.

Bharti Airtel's m-cap dipped Rs 4,009.83 crore to Rs 3,09,521.05 crore and HDFC Bank's by Rs 3,403.97 crore to Rs 6,03,463.97 crore.

The valuation of ITC declined by Rs 368.76 crore to Rs 2,38,469.29 crore.

In the ranking of top-10 firms, RIL was at the number one rank followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Bharti Airtel, Kotak Mahindra Bank, ITC and ICICI Bank.

During the last week, the 30-share BSE index advanced 425.81 points or 1.16 per cent.

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