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Friday,05-March-2021

Business

NSUI launches ‘Rozgar do ya degree wapas lo’ campaign

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The National Students Union of India (NSUI) on Saturday launched the ‘Naukri Do Ya Degree Wapas Lo’ (Give employment or take back degrees) campaign against the Central government.

The campaign was launched by NSUI national president Neeraj Kundan at the Congress headquarters here.

Addressing the media, Kundan said that the main motive behind NSUI’s campaign is to point out the reality to a government that has no interest in giving jobs to the youth.

He said, “We would be collecting five lakh degrees of unemployed students. By this, abundant evidence will be provided to the government which will bring out the reality of the central government for hiding the actual data of unemployed people from the youth of this country.”

NSUI General Secretary Nagesh Kariyappa also said that youth empowerment and employment-generation should be the foremost duty of government.

“Considering the facts, a big challenge in India is the absence of decent work in the organised sector for the generation of youth. As whatever the government is presenting in front of the public is not the truth, there is an indispensable need to look into the fallen characteristics of youth employment,” he said.

“The most shocking part is that the unemployment rate in the country is at the highest in 45 years,” Kariyappa added.

The NSUI also highlighted that in 2014, the BJP had promised to generate more than two crore employment opportunities every year and now, this sums up to 12 crores and failed to provide the same.

“They betrayed the youth of the nation. According to the report of the National Sample Survey Office, the rate of unemployment rose to 6.1 per cent in 2017-18, which was 2.2 per cent in 2011-12,” the NSUI chief added.

Business

Man whose SUV with gelatin sticks was parked near Ambani home found dead

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In an intriguing development, police have recovered the body of a Thane-based businessman whose stolen SUV with 20 gelatin sticks was found parked near Antilia, the iconic home of Reliance Industries Ltd. Chairman Mukesh Ambani, officials said here on Friday.

The body of Mansukh Hiren — who had reported his Scorpio SUV as stolen from north-east Mumbai earlier — was fished out of the marshes adjacent to the Thane Creek near Mumbra town.

Reported missing by his family, the police recovered his body around 10.30 a.m. on Friday from Reti Bunder Road near Thane Creek.

Tentatively suspecting it to be a suicide, the Naupada Police has registered an accident death report and is investigating the matter, said officials.

Hiren’s SUV was found on the afternoon of February 25, along with 20 gelatin sticks and a purported threat letter typewritten in broken English, sending shock waves through the country’s corporate and political circles.

The suspiciously parked SUV, which belonged to the deceased Hiren, was apparently left there in the wee hours of February 25 and was detected only after around 12 hours by some locals who alerted the Mumbai Police.

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Business

FarEye acqui-hires logistics tech start-up PY Technology

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Logistics management startup FarEye on Friday said that it has acqui-hired logistics technology startup PY Technology in a bid to scale customer implementation as well as incubate new ideas.

The financial transaction details were not disclosed.

PY Technology, earlier known as PRTouch, was founded by Jignesh Vasani in 2012.

He will be joining FarEye as Vice President, Professional Services, the company said.

Vasani is an entrepreneur and a leader with over 20 years of experience in building blocks aiming towards solving real-life problems.

“I would like to welcome Jignesh and his team on behalf of all of us in this exciting journey to empower brands and carriers globally to deliver better,” Kushal Nahata, CEO and Co-founder FarEye, said in a statement.

FarEye said an increase in online orders and brands building up direct-to-customer channels is accelerating demand that will drive the company’s projected growth of 2.4x in FY20-21, with the US being the fastest growing market for the company.

The company recently announced that in order to capitalise on the unprecedented demand from retailers and logistics and transportation organisations to scale their direct-to-home deliveries, it will hire 100 technology professionals in India and North America in 2021.

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Business

Government plans to create world-class storage system

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In an effort to strengthen post-harvest supply chain across the country and ensure better returns to the farmers in a big way, the central government is working on a comprehensive plan of creating a world class storage system and standardisation of warehouses complying with the requirements of the Warehousing Development and Regulation Authority (WDRA).

A sure and silent change is sweeping the country which is going to help the farmers in a big way and these changes will not only strengthen post-harvest supply chain but will also improve the returns to farmers in many ways, said sources in the Food Ministry.

Department of Food & Public Distribution has pushed for an ambitious plan through Food Corporation of India (FCI) for the development of about 100 silos with capacity of 35.875 LMT (Lakh Metric Tonnes), which will be road fed and will work on ‘Hub and Spoke’ model. A road map of the same is already in place and work has started in all sincerity, said the sources.

Hub and Spoke model will be efficient and complexities related to land acquisition for rail siding silos are bypassed since road fed silos, near to procurement areas will help in direct bulk grain procurement from farmers, reduced turn-around times for farmers and quick intake and offtake of food grains.

Incentives at various stages of the project have been incorporated in the bid documents for Hub and Spoke to attract private investment. These in-build incentives shall incentivise the Concessionaire to expedite project implementation in an efficient manner.

A world class storage system in the country would need standardisation of all the warehouses under various undertakings and an integrated warehouse management.

In an endeavour to ensure high standards of warehouse construction and maintenance, registration of all warehouses of Central Warehousing Corporation (CWC) and Food Corporation (FCI) with the WDRA has already commenced with the deadline of April 30 for completion of registration, said a senior official.

Around 161 CWC warehouses have already been registered and the remaining 178 will be done by March 31, the official added.

Registration fees, security deposit and net worth conditions have been reduced for warehouses and staggered slabs, linked to capacity introduced to promote registration for small farmers, cooperatives, small warehouses businesses etc.

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