21 Jan 2021 Share:
Good science thrives - even during a pandemic! We all know what dominated most of our thoughts in 2020, but many scientists continued to focus on driving ideas within their own specialist fields too. Here,
Kathy Christian announces the annual Altmetric Top 100 highlights in research and scholarly commentary and the results are as broad and interesting as always. Covid-19, racial justice, climate change, the origins of life and more.
From Covid-19 to engineering the perfect espresso, controversial, important, and unusual research and scholarly editorials from across the sciences, arts, and humanities feature in this year s Altmetric Top 100 list, released today.
BW Businessworld
Sugar Export Subsidy: A Need Of The Indian Farmer
The dues to the sugarcane farmer have accumulated to Rs. 25,000 crores or $3 billion in non-payment for their produce, as per a reply given to a question in Parliament in September of 2020
Photo Credit : Bloomberg
It is well known Indian economy has slowed down especially during the pandemic and its aftermath. The Fast Moving Consumer Goods (FMCG) sector, which is believed to be the evergreen sector in Indian economy, is also reporting a slowdown. One of the primary reasons of the slowdown is the delayed payment of the farmer in the sugarcane industry. As per Department of Food Processing and Industry, Ministry of Consumer Affairs India is the second largest producer of sugar in the world, Brazil being the first. Also, we are the largest sugar consumer in the world, with its industrial annual output at approximately Rs.80,000 crores.
CHANGE ON THE HORIZON: Payless store finds a buyer
Payless Supermarkets, which is currently going through the liquidation process, will soon get a new owner should the Competition and Consumer Authority (CCA) give the proposal the green light.
Ellis Retail Group (ERG) (Pty) Ltd has notified the Authority of its intention to acquire the business and certain assets of Payless Supermarkets.
ERG is a limited liability company and a Special Purpose Vehicle (SPV) being used to affect the proposed transaction.
The Botswana-based organisation is described as a private investor with a focus on insurance, petroleum, and Fast Moving Consumer Goods (FMCG).
As of May 2019, 99.56 percent of business establishments in the country were MSMEs. From around 900,000 in 2017, it further grew to 1.42 million, 90 percent are essentially microenterprises with total assets of below P3 million and with less than 10 employees. Data from the Department of Trade and Industry (DTI) showed that about seven out of every 10 employed Filipinos work in an MSME-owned business.
The DTI estimated that in 2018, MSMEs were responsible for contributing 40 percent to the Gross Domestic Product (GDP), while providing 5.7 million jobs or 63.2 percent to the country’s workforce.
Recognizing the MSME sector’s invaluable contributions to the economy and employment, the DTI launched the “Go Lokal” program, a free-market access platform for MSMEs supported by select retail partners.