Minecraft Inventions http://minecraftinventions.com/ Thu, 25 Nov 2021 21:40:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://minecraftinventions.com/wp-content/uploads/2021/04/minecraft-inventions-icon-1.png Minecraft Inventions http://minecraftinventions.com/ 32 32 $ 100 billion wave of electric vehicle IPOs to hit market by 2023, bank predicts https://minecraftinventions.com/100-billion-wave-of-electric-vehicle-ipos-to-hit-market-by-2023-bank-predicts/ Thu, 25 Nov 2021 17:08:37 +0000 https://minecraftinventions.com/100-billion-wave-of-electric-vehicle-ipos-to-hit-market-by-2023-bank-predicts/

Investors’ favorites

Electric vehicle makers have become investor darlings over the past year, and their actions have staged impressive rallies amid bets on the growing demand for cleaner cars.

Industry leader Tesla has nearly doubled in value over the past year and billions have been raised through IPOs and sales of follow-on shares.

Chinese car and battery maker BYD last month raised $ 1.8 billion in a stock offering in Hong Kong, its second such deal this year.

In January, the Warren Buffett-backed company made a further $ 3.9 billion by selling new shares.

The growing demand for electric cars will lead to increased investment by companies making batteries for clean vehicles.

The top 10 battery makers are expected to nearly triple their manufacturing capacity by 2022 to meet future supply commitments and position themselves for an upcoming increase in demand, according to BloombergNEF.

“Battery makers will become a world of their own, now entering a phase where massive build-up of capacity requires a lot of capital to keep up with growing demand for electric vehicles,” said Steinemann. “So far, battery companies have been largely debt-financed, but the next stage of their growth will be funded by a wave of IPOs.”

One of the biggest IPOs in Asia next year, and potentially the world, will be the spin-off of LG Chem’s battery unit, LG Energy Solution in South Korea, which could raise around 10 billions of dollars. It is one of the largest battery manufacturers in the world after the Chinese CATL.

LG Energy Solution resumed the IPO process after reaching an agreement to recall Chevrolet Bolt electric vehicles by General Motors in October. It plans to submit the IPO prospectus in early December and take control from investors early next year, the Seoul Economic Daily reported.

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Iyer and Jadeja put India in a strong position on opening day https://minecraftinventions.com/iyer-and-jadeja-put-india-in-a-strong-position-on-opening-day/ Thu, 25 Nov 2021 11:41:06 +0000 https://minecraftinventions.com/iyer-and-jadeja-put-india-in-a-strong-position-on-opening-day/ Shreyas Iyer, on his Test debut, followed up an undefeated 113-race partnership with Ravindra Jadeja to place India in a dominant position on the stumps on day one in Kanpur.

SCORECARD

India and New Zealand entered the game with a similar roster, opting for three spinners and two pointers on a wicket that was supposed to help turn.

Invited to play first by India, New Zealand made full use of the conditions to extract movement with the new ball. Kyle Jamieson drew first blood for the Black Caps, dismissing Mayank Agarwal in the round of 16. Bowling down the lane of uncertainty, Jamieson forced Agarwal to play and induced a slim advantage in Tom Blundell’s gloves.

Shubman Gill and Cheteshwar Pujara took their time in the middle before the former decided to attack the bowlers. Gill targeted Ajaz Patel, hitting his first innings limit in the 11th before crushing the left arm spinner for a six and a four in the same.

Gill quickly referred to the fourth half-century of his Test career. On the other end, Pujara was stronger than ever, tiring bowlers in the hot and sweltering conditions in Kanpur.

The two hitters took India to safety for lunch at 82/1.

The break turned out to be exactly what New Zealand needed as they hit first after lunch. Gill failed to negotiate a bright ball moving towards him, leaving a huge gap between the bat and the pad as Jamieson struck wood to claim his second wicket of the day.

Captain Ajinkya Rahane and vice-captain Pujara looked solid in the middle, putting away the wrong balls for the limits to take India past the 100 point mark.

Kane Williamson’s bowling change turned out to be a masterstroke as Tim Southee broke the 24-point bar, inducing an outside advantage over Pujara’s bat with a wonderful seam on the outside.

The wicket brought debutant Shreyas Iyer into the crease, who was nervous at first but led throughout the period. Just as Rahane started to look confident and stroked the ball with impeccable timing, Jamieson broke through, forcing the Indian captain to play on his stumps, just a ball after Rahane had a rightly knocked back catch. by the DRS.

At 145/4 India was in slight difficulty. Ravindra Jadeja and Iyer faced a tricky seven-overs to make sure they didn’t lose wickets in the second session of the day.

India came out after the break with intention, scoring steady limits to put the pressure back on New Zealand. Iyer, in particular, took a liking to the spinner operating on both sides as he hit four limits in the first eight overs after tea and referred to his first Test Fifty in his debut, becoming the 30th Indian to achieve the feat.

Both hitters made the entire Kiwi bowling ineffective with the old ball, with the crimps and spinners looking helpless in difficult air conditions. India continued to rack up points as the Black Caps waited for the new ball to be available.

The new ball didn’t really cause too much of a problem for Indian hitters. Ravindra Jadeja spoke of the 100 point partnership with Iyer with a four on the hips and quickly hit her 17th test fifty as well.

India ended the day on 258/4, with Iyer 25 escaping a century in her early days while Jadeja was the 50 *.

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Goldman Sachs, Retail News, ET Retail https://minecraftinventions.com/goldman-sachs-retail-news-et-retail/ Wed, 24 Nov 2021 06:40:00 +0000 https://minecraftinventions.com/goldman-sachs-retail-news-et-retail/ Mumbai: India’s GDP will grow 8.5% in 2021-2022, and the rate will accelerate further to reach 9.8% in 2022-2023, a foreign brokerage firm said on Tuesday. GDP had contracted 7.3% in fiscal year 21, affected by the pandemic, and is expected to largely grow at a faster rate due to the base effect in 2021-2022. The Reserve Bank of India (RBI) expects growth of 9.5% in 2021-2022, and even a slowdown to 7.8% as things normalize.

“We expect consumption to be a major contributor to growth in 2022, as the economy fully reopens thanks to a noticeable improvement in the viral situation and adequate progress on vaccination,” Goldman Sachs said. in a report.

He expects government investment spending to continue, emerging signs of a pickup in private business capital spending (capex) and a pickup in housing investment.

The U.S. brokerage estimated the fiscal year 23 growth figure to be higher, making its analysts one of the few to expect growth to accelerate even after the market has run out. base effect.

Earlier today, analysts at UK brokerage firm Barclays said fiscal 22 growth would be 10% and slow to 7.8% in fiscal 23.

Goldman Sachs said that as growth catches up, the RBI will begin to normalize its policy and expects cumulative rate hikes of 0.75% in 2022. The central bank is currently in stage two. of the four-step policy normalization process, which began with “less accommodating” comments from the rate-setting panel and will end with repo rate hikes, he added.

Agreeing with the same view, Barclays also said that the policy was already becoming less accommodating and that there would be a hike in the repo rate during the next policy review in December, which will be followed. rate hikes next year.

Barclays said Indian policymakers have focused on managing growth risks for the past three years, noting that the slowdown started before the start of the pandemic itself, and added that the focus will now be on on managing financial stability issues.

Inflation will subside in the second half of next year after being high and may prompt appropriate RBI action, he said.

Goldman Sachs analysts expect headline consumer price inflation to hit 5.8% in 2022, up from 5.2% in 2021.

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TN government signs 59 memoranda of understanding for projects worth Rs 35,208 crore, Energy News, ET EnergyWorld https://minecraftinventions.com/tn-government-signs-59-memoranda-of-understanding-for-projects-worth-rs-35208-crore-energy-news-et-energyworld/ Wed, 24 Nov 2021 02:41:00 +0000 https://minecraftinventions.com/tn-government-signs-59-memoranda-of-understanding-for-projects-worth-rs-35208-crore-energy-news-et-energyworld/ Coimbatore: The government of Tamil Nadu on Tuesday signed 59 memoranda of understanding for projects worth Rs 35,208 crore in various sectors, including aerospace and defense, which are expected to create employment opportunities for 76 795 people.

A total of 82 initiatives, comprising 59 memoranda of understanding and 13 other projects for which the first stones have been laid and 10 commercial production launches in state-owned enterprises, represent a total investment of Rs 52,549 crore, said the government.

In total, these initiatives provide employment opportunities to 92,420 people, the government said in an official statement, adding that the projects are spread across various regions of the state and cover 22 districts.

During an investment conclave chaired by Chief Minister MK Stalin here, memoranda of understanding were exchanged for projects worth Rs 485 crore in the aerospace and defense sectors, which include the manufacture of spare parts and the establishment of an aviation training institute in Salem.

Fifty-two other projects, with a cumulative value of Rs 34,723 crore, include data centers from companies like Adani Enterprises and Larsen and Tourbro. Electric vehicles, renewable fuels (ethanol), stem cell research were among the other projects.

The CM issued the “TN Fin-Tech Policy 2021”, which includes features such as a “Fin Tech City” in Chennai and unveiled an aerospace and defense handbook for companies involved in the sector.

A memorandum of understanding has been signed between the state-owned TN Industrial Development Corporation (TIDCO) and Dassault Systems to set up a center of excellence for an investment of Rs 212 crore, which aims to help companies in the sector of aerospace and defense fields, including design and research.

Stalin also laid the foundation stone for 13 new / expansion projects worth Rs 13,413 crore in areas including solar power plants, automotive spare parts manufacturing and data centers.

These 13 initiatives are spread over Kancheepuram, Ranipet, Chengelpet, Virudhunagar (textiles), Namakkal (spinning) and are expected to provide employment opportunities to 11,681 people.

The Chief Minister inaugurated the commercial production of 10 companies under various projects in different sectors, with a total value of Rs 3,928 crore. Such production units would provide jobs for 3,944 people, the statement said.

Stalin also launched an improved one-stop-shop “2.0” mobile application to assist investors with features such as facilitating current state approvals and more.

He published a table book to mark the culmination of the Coimbatore District Small Industries Association (CODISSIA) Golden Jubilee celebrations.

Ministers including Thangam Thennarasu (Industries) and TM Anbarasan (Rural Industries), senior officials and captains of industry attended. PTI VGN AVR AVR

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Change in position leads to NFL shot Michigan State’s Connor Heyward doesn’t let pass https://minecraftinventions.com/change-in-position-leads-to-nfl-shot-michigan-states-connor-heyward-doesnt-let-pass/ Tue, 23 Nov 2021 20:51:00 +0000 https://minecraftinventions.com/change-in-position-leads-to-nfl-shot-michigan-states-connor-heyward-doesnt-let-pass/

EAST LANSING – At that time, two years ago, Connor Heyward was a player without a team.

The Michigan state running back entered his name on the transfer portal and was looking for a new schedule. He’s only been playing tight end / fullback H for a few months and will try his luck in the NFL.

The Senior Bowl announced Monday that Heyward has accepted an invitation to play in the All-Star Game before the NFL Draft.

“This is an incredible opportunity that I can’t pass up,” Heyward said on Tuesday, “and I don’t think a lot of people would pass it up.”

Kenneth Walker III of Michigan State named finalist for Maxwell and Doak Walker Awards

Heyward said he got the invite two or three weeks ago, but kept it a secret because he wasn’t sure what he was going to do with another remaining eligibility season. However, after five years in East Lansing, this is it. He’s heading to his final game at Spartan Stadium when the Michigan State No.12 (9-2, 6-2 Big Ten) hosts Penn State on Saturday.

“It’s bittersweet,” Heyward said. “I’ve been in college for five years now, I think it’s time for me to move on. I think I have done a lot for this program. It’s been an incredible roller coaster – the ups and downs, everything. It’s just amazing and I think I’m ready for this next chapter of my life.

“Without the guys in the team room and the guys that I will train with every day and the guys that I go out and compete with on match days and the coaches, this opportunity wouldn’t be possible without them. I’m just glad they pushed me to be a better football player and a better person. In the end, I think they got me to this point.

After leading the state of Michigan in a rush in 2018, Heyward lost his starting job to Elijah Collins early next season, leading him to step into the portal. He visited other schools but didn’t feel his time with the Spartans was over. Following the retirement of coach Mark Dantonio in February 2020, Heyward spoke to new coach Mel Tucker, removed his name from the portal and started six of seven games in the backfield last year.

Heyward has spent four seasons racing, but the outlook for this room has changed with the addition of Wake Forest transfer Kenneth Walker III, who is now second in the country for the race and a Heisman Trophy contender.

Running backs coach William Peagler discussed the potential change in stance during fall camp with tight ends coach Ted Gilmore, then reached offensive coordinator Jay Johnson. It didn’t take long for there to be full engagement and it started with Heyward admitting that the running back wasn’t the best fit and accepting a change.

“I saw it as a positive thing,” Heyward said. “I knew that at the next level, to have a chance, I was going to have to make a transition. I’m glad I made the transition at that point and I think it was the right time.

Mel Tucker on injuries, access to the NFL and senior’s day decisions for eligible players

Heyward, a former all-rounder at Peachtree Ridge High School in Ga., Quickly adapted to the tight end / H-back. He had remarkable plays – both receiving and blocking – and had made 26 catches for 229 yards and a touchdown.

“It’s great to have him in the tight end position and the back H position,” said quarterback Payton Thorne. Obviously he moved there very late in the offseason and he figured it out really quickly and he’s a really good athlete. He helped us a lot, he made a lot of good games. He’s a physical player, so he sets the tone.

Heyward has strong hands, embraces contact, and is a willful blocker. He also has an impressive pedigree as the son of the late Craig “Ironhead” Heyward, an outstanding former fullback in Pittsburgh and the NFL, and brother of Cameron Heyward, an All-Pro defensive lineman for the Steelers. But, at 6-0-0, 230 pounds, he doesn’t have the length of a typical NFL tight end and expects his outlook to change depending on the team.

“It’s a new job and every day I’m still learning,” Heyward said. “I know that at the next level I will be used a little differently. I know there will be bigger guys in the three point position. I really won’t do that – if asked, so much the better. In the NFL at this higher level you have to be able to play any position they want you to play and be able to play anywhere on the court and be able to do your job and be reliable. . I think I’ll be able to do it if I keep working on my craft and stay locked up. “

Mel Tucker’s message to the Spartans is “go to the mattresses”

Heyward feels more comfortable in his role and as a person, which has taken him to the next level. It also doesn’t hurt Tucker, who spent a decade coaching in the NFL, was ready to embrace NFL scouts and said they participate in the program on a daily basis.

“Having a coach who’s been there he knows how everything works, which is amazing,” Heyward said. “It just shows you how everything is supposed to be done. It really gives you more confidence because he really knows what’s going on and he knows how to talk to them. He will call us to his office to have these conversations because he is not naive of what is going on. Just being able to have this open door policy with him and with the scouts just helped everyone and I think it helped everyone’s stock. “

Heyward is the first Michigan state player to accept an invitation to the Senior Bowl and there may be more in the Feb. 5 game in Mobile, Alabama. There could also be other eligible Spartans leaving for the draft. Walker tops the list while wide receivers Jayden Reed and Jalen Nailor are both red-shirted juniors who have played a lot of football and been very productive.

“I can’t wait to see what decisions the guys go forward and I know the guys will do what’s best for them,” Heyward said. “Some guys will come back, some will leave but I know… whatever they do, Michigan State will be in a great place with Coach Tucker running this program.”

Heyward’s transition from a running back whose output (3.9 yards average on 210 career carries) has drawn criticism from fans to a tight end with a chance to play in the NFL is one of the best stories from a team that has also defied the odds this season. He will be among the seniors honored on Saturday when he enters the Spartan Stadium for the last time.

“It’s crazy, this is senior night,” Heyward said. “This season kind of went fast and it went fast because we were having such a good year and hopefully we can finish with 10 wins before the bowl game.”

Michigan State Football Stories:

Spartans in NFL: Kirk Cousins ​​leads Vikings past first-place Packers

Michigan state mom Mel Tucker on reported contract extension offer

Kenneth Walker III Heisman Watch: The Road Ends At The Horseshoe

Michigan State Seeks Meaningful Response Following Unbalanced Ohio State Loss

Michigan State Moves Out of Top 10 National Rankings

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Wyoming State Forestry Division chooses BK Technologies BKR 5000 https://minecraftinventions.com/wyoming-state-forestry-division-chooses-bk-technologies-bkr-5000/ Tue, 23 Nov 2021 13:35:18 +0000 https://minecraftinventions.com/wyoming-state-forestry-division-chooses-bk-technologies-bkr-5000/

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WEST MELBOURNE, FL / ACCESSWIRE / November 23, 2021 / BK Technologies Corporation (NYSE American: BKTI) today announced that the Wyoming State Forestry Division has selected BK’s new BKR 5000 portable communications technology for purchase and deployment as the agency implements its program replacement lifecycle and extends its communications products for use in their State Trust Land Management, Fire Management and Forestry Assistance Programs.

BK Technologies has provided wearable communication technology to the Wyoming State Forestry Division for many years, spanning generations of the company’s product line. Based in Cheyenne, the forestry division is responsible for the management of approximately 263,000 acres of forest trust land across the state, which includes timber management and harvesting; management of crown lands for long-term forest health and productivity; fire management on 3.6 million acres of Crown land; and cooperative fire management on private and federal lands. The Wyoming State Forestry Division currently has 48 full-time and 4 seasonal employees.

Tim Vitou, President of BK Technologies, said, “We are delighted to have this opportunity to continue our long-standing partnership with the Wyoming State Forestry Division as they begin a lifecycle replacement program. and the expansion of their portable communications equipment. The agency is responsible for the management and protection of a vast geographic expanse, and the seamless transition of legacy to new communications technology is vital to the safety of its field staff.Our BKR 5000 delivers the most high level of durability and reliability, and has interoperability with legacy BK radios, a valuable advantage as the forestry division expands its radio stock with new equipment. both public and private lands across the state.

The BKR 5000 is available in three levels allowing maximum flexibility and customization for critical user needs and has been designed to meet the demands of today’s public safety communication environment. The BKR 5000 was designed and developed by the engineering team at BK Technologies with broad input from customers to incorporate the features and options needed by first responders.

A full line of accessories are available, including smart battery and charging solutions, IP68 remote speaker microphones and the popular BK Wildland Fire “clamshell” alkaline battery. The new BKR 5000 is expected to be a platform that enhances BK’s ability to address important new verticals, resulting in increased growth and market share.

About BK Technologies

BK Technologies Corporation is an American holding company with deep roots in the public safety communications industry, with its operating subsidiary manufacturing high specification American communications equipment of unmatched reliability and value in use. public security professionals and government agencies. BK Technologies is honored to serve our public safety heroes with reliable equipment when every moment counts. The Company’s common shares trade on the US NYSE market under the symbol “BKTI”. Headquartered in West Melbourne, Florida, BK Technologies can be contacted through its website at www.bktechnologies.com or directly at 1-800-821-2900.

Forward-looking statements

This press release contains certain forward-looking statements which are made in accordance with the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to the operations, economic performance and financial condition of the Company and are based on much on the beliefs and expectations of the Company. These statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company, or the results of the industry, to be materially different from the results, performance or achievements. futures expressed or implied by these forward-looking statements. These factors and risks, some of which have been, and may still be, exacerbated by the COVID-19 pandemic, include, but are not limited to: technological changes or advancements; the success of our land mobile radio product line; successful introduction of new products and technologies, including our ability to successfully develop and sell our planned new multiband product and other related products in the planned new BKR Series product line; competition in the land mobile radio industry; general economic and business conditions, including budget deficits and spending limitations of federal, state and local governments, any impact of a prolonged US government shutdown and the continuing effects of the COVID-19 pandemic; the availability, conditions and deployment of capital; dependence on subcontractors and suppliers; risks associated with fixed price contracts; a heavy reliance on sales to US government agencies and our ability to comply with the requirements of contracts, laws and regulations relating to such sales; allocations by government agencies among several suppliers approved under existing agreements; our ability to comply with US tax laws and to use deferred tax assets; our ability to attract and retain senior management, skilled workers and key personnel; our ability to manage our growth; our ability to identify potential candidates and to carry out acquisition, disposal or investment transactions, and the risks inherent in being a non-controlling shareholder in a company; the impact of the COVID-19 pandemic on the companies in which the Company has investments; the impact of our capital allocation strategy; risks associated with maintaining our brand and reputation; impact of government regulation; rising health care costs; our activities with manufacturers located in other countries, including changes in US government and foreign government trade and pricing policies, as well as any other impact resulting from the COVID-19 pandemic; our inventories and debt levels; the protection of our intellectual property rights; fluctuations in our operating results and our share price; acts of war or terrorism, natural disasters and other catastrophic events, such as the COVID-19 pandemic; any claim for infringement; data security breaches, cyber attacks and other factors impacting our technological systems; availability of adequate insurance coverage; maintaining our NYSE American listing; the risks associated with being a holding company; and the effect on our share price and our ability to raise equity from future sales of shares of our common shares. Certain of these factors and risks, as well as other risks and uncertainties, are described in more detail in the Company’s annual report on Form 10-K for the year ended December 31, 2020, and in documents subsequently filed by the Company with the SEC. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update any forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. .

# # #

Company details :
IMS Investor Relations
John Nesbett / Jennifer Belodeau
bktechnologies@imsinvestorrelations.com
(203) 972-9200

THE SOURCE: BK Technologies Corporation

See the source version on accesswire.com:
https://www.accesswire.com/674185/Wyoming-State-Forestry-Division-Selects-BK-Technologies-BKR-5000

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Agritech Startup announced funding for INR 60 Crore. This sector has worked extremely well https://minecraftinventions.com/agritech-startup-announced-funding-for-inr-60-crore-this-sector-has-worked-extremely-well/ Tue, 23 Nov 2021 04:30:13 +0000 https://minecraftinventions.com/agritech-startup-announced-funding-for-inr-60-crore-this-sector-has-worked-extremely-well/

Let’s talk about the agrotechnology industry and the financing that occurs in this industry. First of all, knowing the agro-technology industry is agriculture + technology. it is said to be about the use of technology in agriculture and other processes related to agriculture.

This is done in order to have more yield and therefore more profitability. There are different types of agricultural technologies available that make life easier for those involved.

Some of the technologies are birds and pest control, bird netting, agricultural drones, weather forecasting, automated irrigation, soil moisture sensors, IoT based sensor tracking and many more. ‘others.

Those The products and services have found daily use in the traditional agricultural industry, ensuring tasks to be completed in a short time and generating huge income.


We are all aware that the world population is growing at a very rapid rate and is expected to reach 9.7 billion by the end of the year 2050. We all also know the speed and speed at which our resources are being depleted. So what is the solution? Who will help feed the world? Meeting the needs of 9.7 billion people will only be possible with the help of technology in the agricultural sector.

Currently, India’s agro-tech industry is at a slow pace and the penetration is only 1%. It has the potential and capacity to reach $ 24 billion in revenue by the end of 2025.
Currently, speaking of the Indian market, the agro-tech industry has over 450 startups. Between January and August 2021, it generated revenue of $ 426 million, an increase of 3 times over the same period last year.

Some of the agro-tech startups working to change the image of the Indian agricultural industry are Ninjacart, AgroStar, Nurture. Farm, WayCool and many more.

Recently, if we talk about the Indian market, the agrotech industry has more than 450 startups. Between January and August of the year 2021, it generated revenue of $ 426 million, which is actually a 3-fold increase over the same period last year. Some of the agro-tech startups working to change the image of India’s agricultural industry are-
Ninjacart, AgroStar, Nurture.farm, WayCool and many more.

what is agritech?  agricultural technology at a glance

Speaking of funding, as the name suggests, funding is the process of putting money into a business or startup. We all know that cash is the main engine of a business. It is with cash that a company can conduct its business and operations.

Funding helps the company plan for expansion, cross national borders, introduce a new range of products and services, hire new staff, etc. Investors continue to look at startups and invest in one when they find potential and a future there.

Announcement of the financing of an agritech startup

Agritech startup Unnati raised funding of INR 60 crore, as announced on November 10, 2021. This funding round was the Series A funding round and was led by Incofin Investment Management, NabVentures and Orios.

The startup plans to use the funds raised to increase and expand its uStore network and its mostly tech-related infrastructure. The startup is also planning to expand geographically to Harayana, Andhra Pradesh, Rajasthan. It also plans to continue its expansion in Uttar Pradesh, Bihar and Maharashtra.

The startup even plans to increase its number of employees from 200 to 500 by March 2021. In the technological field, it wants to quadruple its number of employees to more than 100, while the rest of the employees that it wants to increase the distribution and aggregation sectors.

agri-tech: the emerging field for an Indian entrepreneur to seize more opportunities - education news today

With this round of funding, the total funds raised by the startup amount to INR 75 crore. The startup, even last month, had raised an undisclosed amount in a round of funding.

About the newly funded agritech startup

Founded by Amit Sinha and Ashok Prasad, Unnati is an agricultural platform based on financial technologies which aims to minimize the risks associated with agriculture and ensure the necessary transparency in the agricultural sector.

The founders of the startup could clearly see the challenges farmers face due to the lack of predictability in farming and the lack of consistent access to production inputs and knowledge. They understood that digital technologies could play an important role here and provide instant solutions.

unnati

The Noida-based startup has a vision to empower farmers with digital technologies that improve the efficiency of their farming businesses. Its mission is to create 5 million agricultural entrepreneurs by empowering small and medium-sized farmers through digital means.

It aims to bring farmers on a unique platform that encourages agricultural entrepreneurship to become their driving force, which has led to the creation of a holistic ecosystem for the agricultural entrepreneur. From Unnati banking services to crop-specific advice, the brand reaches out to farmers at every stage of the farming life cycle and works with them to create a sustainable future.

Farmers who are registered on the startup’s platform have the option to buy and sell here only. They can purchase seeds, pesticides, fertilizers, and other products from branded vendors and vendors listed on the startup’s app. Farmers even have the option of selling their products directly to processors and companies linked to the platform.

Some of the numbers that the startup claims to have reached are as follows:
More than 250K committed farmers
More than 1,800 partner centers
More than 1000 products offered
Imprint of more than 6 states

paytm and agro-tech start-up unnati launch new card to deliver digital financial services to farmers

The startup even claimed that it has grown 15 times in the past 12 months and served around 3 lakhs of farmers through the network of more than 20,000 uStore networks. The startup even launched the “buy now, pay later” program for farmers.

About the founders of the startup agritech

The startup, Unnati, was founded by Ashok Prasad and Amit Sinha.

Ashok Prasad is the CEO and co-founder of startup Unnati. He holds an MSc in Software Systems from BITS Pilani and an Executive MBA from IIRT, Delhi. He is a strong supporter of disrupting agriculture through the intelligent use and penetration of digital technologies and tools.

He has more than 25 years of experience in telecoms, agro-domains and IT. He has professional experience with Nokia Network, One97 Communication and Tata Teleservices. He is comfortable driving the strategy and the executive with the same passion and has a strong focus on innovation and finance, to allow the company to experience year-over-year growth.

Amit Sinha, originally from a small town in Jharkhand, has a Btech degree in mining engineering from IIT Dhanbad and a PGDM from IIM Calcutta. He has over 18 years of experience in technology and digital companies at Payment Mall, Gamepind, Paytm Payments Bank, PricewaterhouseCoopers, Keane Consulting, Airtel and Infosys. He is the mentor of several entrepreneurs and startups, a relationship he cherishes as a coach and mentor.

Amit Sinha, ex-coo of paytm mall, reveals new position in agrotech space - unnati

What was said about the deal?

Rahul Rai, who is the partner of Incofin India, made a statement saying that he and the organization are happy to partner with Unnati Agri as they are engaged in the expansion of a closely related strategy of ‘an integrated rural knowledge-based farm ecosystem. input consulting, financial inclusion and supply chain integration with the help and use of technology.

The startup is offering something different and we wish the startup the best of luck and a bright and successful future.

edited and proofread by: nikita sharma

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Editorial: Open Congress Seat Provides Opportunity to Elect an Exciting Progressive https://minecraftinventions.com/editorial-open-congress-seat-provides-opportunity-to-elect-an-exciting-progressive/ Mon, 22 Nov 2021 04:01:00 +0000 https://minecraftinventions.com/editorial-open-congress-seat-provides-opportunity-to-elect-an-exciting-progressive/

Last week, NC Senator Valerie Foushee announced that she would run for the state’s 6th District – currently 4th District – at US House.

She joins a growing group of Democratic hopefuls vying for the seat of retired Representative David Price, including NC Senator Wiley Nickel, Nathan Click, Ashley Ward and County Durham Commissioner Nida Allam.

If Foushee wins, she will safely sit in Congress for decades to come.

Despite holding one of the most secure Democratic seats in North Carolina – a post he has held on and off for more than 30 years – Price doesn’t have much to show.

Price is one of the oldest members of the House of Representatives and was first elected around the same time as current President Nancy Pelosi. Despite its length, his tenure was uneventful, with few notable leadership positions and mediocre accomplishments.

If Democratic voters play their cards right, the 6th Arrondissement could elect a new titan of US politics, well-positioned to take on powerful leadership roles and write a new chapter for the Triangle. To do so, Democrats would need to elect one of the candidates of color who announced their candidacy.

Foushee and Allam are said to be historic candidates – no woman or person of color has ever represented the district, let alone a woman of color.

Allam, who announced his candidacy earlier this month, is no stranger to history. When she was elected to the Durham County Council of Commissioners last year, she became the first Muslim woman ever to be elected to public office in North Carolina. Political newcomer Click, a black man, is also said to be a historic candidate.

In an institution like Congress, creating space for new, diverse leadership is incredibly difficult. Because there are a limited number of seats, you invariably have to ask someone who has the power to give it up and step down for someone else. While many notable representatives have found their way into Congress by ousting an incumbent – as Alexandria Ocasio-Cortez and Ayanna Pressley did in 2018 in particular – many diverse candidates have come out on top when an incumbent retires.

Primaries held in the vacuum left by a vacancy, like the one we’ll see in 2022, create new opportunities. The other members of the “Squad”, Representatives Rashida Tlaib and Ilhan Omar, were elected to Congress after the retirement of their Democratic representatives.

Now Home Secretary Deb Haaland and Rep. Ritchie Torres from New York are other historic candidates who have seized the opportunity to present themselves in the same fashion.

Foushee herself made the jump to the State Senate after her predecessor, Senator Ellie Kinnaird, retired after nine terms.

An inspiring congressional candidate creates an impact beyond himself. When voters have a reason to run for one candidate, they always vote for everyone else. A candidate that could be historic, like Foushee or Allam, would increase turnout in less funded polls that impact local politics and for presidential candidates voters are not overly enthusiastic.

But the 6th arrondissement cannot make the mistakes of the failed campaigns that preceded it. When the “safe” candidates win the primaries, they flounder in the overall standings. We cannot look any further than defeated US Senate candidate Cal Cunningham, and more recently Virginia candidate for governor Terry McAuliffe.

The two candidates presented themselves as sure values: moderate, educated white men. Cunningham got his biggest late-game push by being exposed as adultery, giving voters a long-awaited reason to talk about him. But he still hasn’t managed to win.

McAuliffe beat two progressive black women in his primary – women who, if successful, would have been historic, not just for Virginia, but nationally – and lost the general in a state that President Biden has easily won a year earlier.

Foushee and Allam’s campaigns can be historic if invested and given the chance. In addition to enjoying a rare opportunity to add new perspectives to our federal government, the 6th District has the opportunity to elect someone who will bring about monumental change three decades from now.

If voters want to lay the groundwork for real change in North Carolina, now is the time to do it.

@dthopinion

opinion@dailytarheel.com

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Agricultural potential: vested interests should not be allowed to turn India’s strengths into weaknesses https://minecraftinventions.com/agricultural-potential-vested-interests-should-not-be-allowed-to-turn-indias-strengths-into-weaknesses/ Sun, 21 Nov 2021 17:43:00 +0000 https://minecraftinventions.com/agricultural-potential-vested-interests-should-not-be-allowed-to-turn-indias-strengths-into-weaknesses/ A year ago, the passage of three agricultural laws was the most radical reform adopted by the Narendra Modi government, the most ambitious reform since 1991. Today, the repeal of these same laws is the biggest fall policy of India’s first one-party majority government. since 1989. For Modi’s critics, it’s a schadenfreude moment. For India, this does not bode well. Narrow vested interests, which have hampered India’s economic growth, continue to wield enough power to defeat a strong government and a popular prime minister.

Two sets of statistics summarize the major challenge facing the Indian economy 30 years after economic liberalization. First, over 40% of the workforce is still employed in agriculture, producing only 14% of GDP. Second, the share of manufacturing in India’s GDP has remained stagnant at around 15% for 30 years. In this oversized agriculture and undersized manufacturing, it is the story of insufficient jobs, or at least a lack of quality jobs in sufficient numbers. It also explains the failure to achieve East Asian growth and prosperity levels.

Two different special interest groups (read: acquired) have played a disproportionate role in perpetuating this weakness – large farmers and importers (of industrial goods). To be fair to this government, he has worked hard to counter both interest groups in an effort to free the economy. On the one hand, he surrendered. On the other, the jury is out. This descent may embolden other vested interests.

Often, special interest groups are themselves the product of policy. The relatively prosperous large farmers of Punjab, Haryana and western Uttar Pradesh – and their associated middlemen – are a legacy of the Green Revolution. It was the generous hand of the state that brought them to prosperity by providing high-yielding seed varieties, investing in irrigation and ensuring minimum support prices (MSP) for grains like rice. and wheat. The fact that these farmers’ lands were naturally fertile was an added bonus.

Unfortunately, the majority of Indian farmers do not live or work in the Green Revolution belt. They don’t make a good living from farming. Too many of them still depend on rainfall, the local monopoly of the Agricultural Products Marketing Committee (APMC) and the lack of support prices. Because they are poor, they do not have the resources to organize and mobilize like the farmers of the Punjab, Haryana and the UP. GoI tried to change policies to help the majority access larger markets and get better prices, but the voice minority blocked it.

Realistically, even radical agricultural reform would not allow agriculture to support 40% of the workforce. Just note the example of the Punjab, where there is a rush to emigrate to Canada and Britain in search of better livelihoods. The relative prosperity of these farming families makes it possible to invest in emigration (this costs money). Other farmers have no choice. They would look for alternatives in India.

In every country that has become prosperous, whether in the advanced West or in East Asia, surplus labor from agriculture has shifted into manufacturing. The limits of the service sector to absorbing agricultural labor are evident in India where, after three decades of very impressive growth, millions of people remain underemployed.

Prior to 1991, it was special protectionist interests that prevented India from developing a competitive manufacturing sector. After 1991, the pendulum swung in the other direction. Aggressive tariff liberalization created a lobby of importers with an interest in maintaining the status quo of an uncompetitive manufacturing sector.

India is a big market and manufacturers all over the world have to sell their goods in India. By implementing import liberalization without reforming land, labor, banks, electricity tariffs and freight rates, India has become a fully importing nation. In 2000, India’s trade deficit with China, the world’s largest manufacturer, was only $ 1 billion (7,431 crore yen). It was multiplied by 60 over the next 15 years due to manufactured goods.

The GoI has attempted to reverse this trend by reimposing moderate tariff protection, announcing incentives such as Production Linked Incentives (PLIs) for manufacturers in India, and starting to reform labor laws and clean up the banking mess. It has cut taxes and is also trying to get rid of inefficient public sector companies (PSUs). There is no doubt that vested interests will seek to derail or delay this concerted attempt to build manufacturing capacity. But with farm laws pending, only manufacturing can help farmers.

India has always been proud of its agriculture and its vast market. These must be exploited as assets. Vested interests should not be allowed to turn India’s strengths into weaknesses.

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Revenue Secretary, Retail News, ET Retail https://minecraftinventions.com/revenue-secretary-retail-news-et-retail/ Sun, 21 Nov 2021 11:44:00 +0000 https://minecraftinventions.com/revenue-secretary-retail-news-et-retail/ With net direct tax collection through October ending at Rs 6 lakh crore and the monthly average GST catch-up likely around Rs 1.15 lakh crore this fiscal year, the government’s tax collection kitty will exceed budget estimates this fiscal year, Revenue Secretary Tarun Bajaj said.

In an interview with PTI, Bajaj said relief from excise duties on gasoline and diesel and customs duties on edible oil will cost the treasury about Rs 80,000 crore this fiscal year, and the department Revenue will begin calculating the tax catch-up position vis-à-vis the budget forecast for that tax after the December tax number advance.

“After the repayments also, we received almost Rs 6 lakh crore until October in direct taxes… This is looking good. Hopefully we should exceed it.

“Although we have given a lot of relief to indirect taxes on gasoline, diesel and edible oil, there has also been some slowdown in tariffs where the total profit would be around Rs 75,000 to 80,000 crore, but I still think we should exceed the budgeted estimates on direct and indirect taxes, ”Bajaj said.

The government has forecast a 9.5% growth in tax revenue to Rs 22.2 lakh crore for the 2021-22 fiscal year (April-March). In the last fiscal year, cleaning was Rs 20.2 lakh crore.

Of this amount, direct tax income is estimated at around Rs 11 lakh, of which Rs 5.47 lakh crore is corporate tax and Rs 5.61 lakh crore is income tax.

On Goods and Services Tax (GST) revenue, Bajaj said November collections will also be good numbers, but December’s cleanup will be little lukewarm. The recovery in collections will be visible again during the March quarter.

“Income looks good, GST income is also good. We crossed Rs 1.30 lakh crore (in October). This month I think we should get a good GST number. It was Diwali , our GST revenues will continue to change.

“But, I think the execution rate should not go below Rs 1.15 lakh crore. Overall, we should do well on GST, excise and customs duties, we will also meet our budgeted estimates. So overall we will exceed, ”Bajaj mentioned.

Customs collection in the current fiscal year is budgeted at Rs 1.36 lakh crore, excise duties at Rs 3.35 lakh crore. In addition, the Centre’s GST income, including compensation, is set at Rs 6.30 lakh crore.

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