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The Companies Act 2013 defines a 'producer company' as a body corporate which, among other things, carries on or has an objective relating to certain specified activities. This article sets out the key features of producer companies, including with respect to share capital, voting rights, directors, general meetings and general reserves.
NBK finances construction of newly commissioned Sireet Tea Factory
Sireet Tea Factory, owned by Sireet Outgrowers Empowerment and Producer Company, has been commissioned in Nandi County.
The new factory has 6235 members, drawn from amongst small-scale farmers. It is the second factory owned by the firm that also runs another two-line one that can process 98,000 kilogrammes of green leaf daily.
The factory, located in Kamarich, was constructed after full financing by the National Bank of Kenya (NBK). The funding has boosted an additional daily processing capacity of 5 million kilogrammes of green leaf annually, to meet growing demand from increasing acreage of tea planted in the area.
Briefing February 28 – March 6, 2021
GULMARG
Artists perform at the inaugural function of the 2nd Khelo India National Winter Games, at the ski resort of Gulmarg, Friday, February 26, 2021. KL Image by Bilal Bahadur
Unlike previous years when the tourism industry in Kashmir suffered a severe dent, the tourist footfalls, mostly domestic came as a relief to the hospitality sector. This year’s snowfall brought with it a huge influx of tourists across the country and the tourism department also busied itself with sports events, winter festivals, adventure related activities, Bollywood celeb visits. Lately, Prime Minister Narendra Modi inaugurated the second Khelo India Winter Games in Gulmarg and said that the event is a step towards making Jammu and Kashmir a hub of winter sports. Athletes from 27 states and Union Territories are competing in the games which will conclude on March 2. He was addressing over 600 participants including international players through virtual mod
Challenges And Opportunities For Indian Agriculture In International Context
An Indian farmer carries paddy seedlings for planting in his agricultural field. (BIJU BORO/AFP/Getty Images)
Snapshot
Apart from issues plaguing India such as malnutrition and agricultural productivity, the farmers are now apprehensive about the entry of big corporates. How can this concern, as well as many others, be addressed?
In a pandemic-stricken world, time-bound eradication of hunger and malnutrition by 2030 in an environmentally sustainable manner is an international priority and commitment under the United Nations Sustainable Development Goals.
India has offered to use its over-flowing granaries to tackle extreme hunger, but India can do much more and be an agricultural power too. But we are presently tapping into only a fraction of our strength.