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National Agricultural Cooperative Marketing Federation Of India
National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) is an apex organization of marketing cooperatives for agricultural produce in India, National Agricultural Cooperative Marketing Federation of India Ltd, Official website. It was founded on the birthday of Mahatma Gandhi on 2 October 1958 to promote the trade of agricultural produce and forest resources across the nation. It is registered under Multi State Co-operative Societies Act. ''NAFED'' is now one of the largest procurement as well as marketing agencies for agricultural products in India. With its headquarters in New Delhi, NAFED has four regional offices at Delhi, Mumbai, Chennai and Kolkata, apart from 28 zonal offices in capitals of states and important cities. NAFED is the nodal agency to implement price stabilization measures under " Operation Greens" which aims to double the farmers' income by 2022. NAFED along with FCI with proactive role of state governments also physically procures oils ...
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New Delhi
New Delhi (, , ''Naī Dillī'') is the capital of India and a part of the National Capital Territory of Delhi (NCT). New Delhi is the seat of all three branches of the government of India, hosting the Rashtrapati Bhavan, Parliament House, and the Supreme Court of India. New Delhi is a municipality within the NCT, administered by the NDMC, which covers mostly Lutyens' Delhi and a few adjacent areas. The municipal area is part of a larger administrative district, the New Delhi district. Although colloquially ''Delhi'' and ''New Delhi'' are used interchangeably to refer to the National Capital Territory of Delhi, both are distinct entities, with both the municipality and the New Delhi district forming a relatively small part of the megacity of Delhi. The National Capital Region is a much larger entity comprising the entire NCT along with adjoining districts in neighbouring states, including Ghaziabad, Noida, Gurgaon and Faridabad. The foundation stone of New Delhi was l ...
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Marketing Cooperative
A retailers' cooperative is a type of cooperative which employs economies of scale on behalf of its retailer members. Retailers' cooperatives use their purchasing power to acquire discounts from manufacturers and often share marketing expenses. A retailers' cooperative is essentially a group of independently owned businesses that pool their resources to purchase in bulk, usually by establishing a central buying organization, and engage in joint promotion efforts. It is common for locally owned grocery stores, hardware stores, and pharmacies to participate in retailers' cooperatives. A consumers' cooperative, sometimes referred to as a retail cooperative, should be distinguished from a retailers' cooperative. Governance and operation Retailers' cooperatives are governed by democratic member control, which generally means one vote per member. Some firms, such as E. Leclerc, are able to make decisions in this fashion, with each member business only receiving one vote. For many retail ...
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Agricultural Produce
Agriculture or farming is the practice of cultivating plants and livestock. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to live in cities. The history of agriculture began thousands of years ago. After gathering wild grains beginning at least 105,000 years ago, nascent farmers began to plant them around 11,500 years ago. Sheep, goats, pigs and cattle were domesticated over 10,000 years ago. Plants were independently cultivated in at least 11 regions of the world. Industrial agriculture based on large-scale monoculture in the twentieth century came to dominate agricultural output, though about 2 billion people still depended on subsistence agriculture. The major agricultural products can be broadly grouped into foods, fibers, fuels, and raw materials (such as rubber). Food classes include cereals (grains), vegetables, fruits, cooking oils, meat, milk, egg ...
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Mahatma Gandhi
Mohandas Karamchand Gandhi (; ; 2 October 1869 – 30 January 1948), popularly known as Mahatma Gandhi, was an Indian lawyer, anti-colonial nationalist Quote: "... marks Gandhi as a hybrid cosmopolitan figure who transformed ... anti-colonial nationalist politics in the twentieth-century in ways that neither indigenous nor westernized Indian nationalists could." and political ethicist Quote: "Gandhi staked his reputation as an original political thinker on this specific issue. Hitherto, violence had been used in the name of political rights, such as in street riots, regicide, or armed revolutions. Gandhi believes there is a better way of securing political rights, that of nonviolence, and that this new way marks an advance in political ethics." who employed nonviolent resistance to lead the successful campaign for India's independence from British rule, and to later inspire movements for civil rights and freedom across the world. The honorific ''Mahātmā'' (Sanskrit ...
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The Financial Express (India)
''The Financial Express'' is an Indian English-language business newspaper owned by The Indian Express Group. It has been published by the Indian Express ''The Indian Express'' is an English-language Indian daily newspaper founded in 1932. It is published in Mumbai by the Indian Express Group. In 1999, eight years after the group's founder Ramnath Goenka's death in 1991, the group was split betw ... group since 1961. The ''Financial Express'' specialises in Indian and international business and financial news. Its editor is Shyamal Majumdar. The paper publishes 11 editions from a number of Indian cities. It also gives out two noteworthy awards - FE India's Best Bank Awards and FE-EVI Green Business Leadership Awards. References External links * ''Financial Express'' ePaper(E-Paper – Digital Replica of the newspaper) ''Financial Express Hindi'' website Business newspapers published in India Indian Express Limited Newspapers published in Kolkata English-langua ...
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Operation Greens
Operation Greens is a project approved by the Ministry of Food Processing Industries with the target to stabilise the supply of tomato, onion and potato crops (TOP crops) in India, as well as to ensure their availability around the country, year-round without price volatility. It was first introduced in the 2018-2019 Union budget of India, and has been allocated Rs 500 crores to promote farmer producers' organisations (FPOs), agri-logistics, processing facilities and professional management. Introduction and objectives The operation was first introduced by the Finance Minister of India, Arun Jaitley while presenting the 2018-2019 Union budget. It intended to stabilise the supply of tomatoes, onions and potato crops. Union Minister, Harsimrat Kaur Badal has stated that "price volatility of TOP crops wreaks havoc in the households of this country" and that "we have decided the strategy to stabilise prices of TOP crops and to make sure that TOP crops reach all households in the count ...
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National Spot Exchange
The National Spot Exchange Limited (NSEL) is India, India's first Spot market, spot exchange under the ownership of Ministry of Finance (India), Ministry of Finance, Government of India. It was established in view of the then Prime Minister's vision to create a "single market" across the country for both manufactured and agricultural produce. The Economic Survey of 2002-03 of the Government of India also recommended setting up a national-level, integrated market for agricultural products, as did the Planning Commission. This was followed by the Rangarajan Committee, which too sought a national spot market. It is under the ownership of Ministry of Finance (India), Ministry of Finance, Government of India.   The Government of India granted permission to NSEL along with two other spot exchanges to start operations. The Government of India issued a The Gazette of India, Gazette Notification dated 5 June 2007 granted general exemption under Section 27 of the Forward Contracts Regu ...
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Commodities Exchange
A commodities exchange is an exchange, or market, where various commodities are traded. Most commodity markets around the world trade in agricultural products and other raw materials (like wheat, barley, sugar, maize, cotton, cocoa, coffee, milk products, pork bellies, oil, and metals). Trading includes and various types of derivatives contracts based on these commodities, such as forwards, futures and options, as well as spot trades (for immediate delivery). A futures contract provides that an agreed quantity and quality of the commodity will be delivered at some agreed future date. A farmer raising corn can sell a futures contract on his corn, which will not be harvested for several months, and gets a guarantee of the price he will be paid when he delivers; a breakfast cereal producer buys the contract and gets a guarantee that the price will not go up when it is delivered. This protects the farmer from price drops and the buyer from price rises. Speculators and investor ...
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Tamil Nadu State Agricultural Marketing Board (TNSAMB)
The Tamil Nadu State Agricultural Marketing Board (TNSAMB) was constituted by an executive order of the State Government in G.O. Ms. No.2852 Agriculture Department, dated: 24.10.1970 and functioning since 24.10.1970, with the objective to regulate the activities of Market Committees and to act as an advisory body. History The TNSAMB was functioning as a non-statutory board, and was reconstituted as a statutory board in accordance with the new Act "The Tamilnadu Agricultural Produce Marketing (Regulation) Act 1987" which was brought into force from 1-2-1991, as per Government order No.299 Agriculture (AM I) Department, dated 13-6-1995. Functions and powers of the board The following are the functions and powers of the board: * The co-ordination of the working of the market committees and other affairs thereof including programmes undertaken by the market committees for the development of markets and market areas. * To undertake State level planning of the development of the agr ...
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Organizations Established In 1958
An organization or organisation (Commonwealth English; see spelling differences), is an entity—such as a company, an institution, or an association—comprising one or more people and having a particular purpose. The word is derived from the Greek word ''organon'', which means tool or instrument, musical instrument, and organ. Types There are a variety of legal types of organizations, including corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and educational institutions, etc. A hybrid organization is a body that operates in both the public sector and the private sector simultaneously, fulfilling public duties and developing commercial market activities. A voluntary association is an organization consisting of volunteers. Such organizations may be able to operate without legal formalities, depending on jurisdiction, incl ...
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Organisations Based In Delhi
An organization or organisation (Commonwealth English; see spelling differences), is an entity—such as a company, an institution, or an association—comprising one or more people and having a particular purpose. The word is derived from the Greek word ''organon'', which means tool or instrument, musical instrument, and organ. Types There are a variety of legal types of organizations, including corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and educational institutions, etc. A hybrid organization is a body that operates in both the public sector and the private sector simultaneously, fulfilling public duties and developing commercial market activities. A voluntary association is an organization consisting of volunteers. Such organizations may be able to operate without legal formalities, depending on jurisdiction, includi ...
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Cooperative Federations
A cooperative (also known as co-operative, co-op, or coop) is "an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise".Statement on the Cooperative Identity.
'' International Cooperative Alliance.''
Cooperatives are democratically controlled by their members, with each member having one vote in electing the board of directors. Cooperatives may include: * es owned and managed by the people who consume th ...
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