In 10 years, MSU pays Rs 9 crore aid to over 20,000 students

More than 20,000 students have benefited fromMS Universitys welfare scheme for poor students in a decade, which had been launched in 2012.

The first university in Gujarat to have initiated such a scheme for students based on their economic status,MSUhas granted financial support to the tune of Rs 9 crore so far.
In the first year of its launch, the publicly-funded university had granted scholarships to the tune of Rs 4.68 lakh to 138 student beneficiaries, for which a seed capital of Rs 5 lakh was collected.

This time, in the academic year 2021-22, a total of 2,121 students have benefited as a Scholarship to the tune of Rs Rs 98.76 lakh has been sanctioned.

MoUs for Rs 9,852 crore inked under Atmanirbhar Gujarat scheme

MoUsworth Rs 9,852 crore were signed in a single day on Monday, as industries pledged investments in manufacturing, chemicals and agrochemicals, pharmaceuticals, farm equipment, hydrogen and electric autorickshaws under the state governmentsAtmanirbhar Gujaratscheme for assistance to industries.

18 MoUs for investments to start industries at different places in the state were signed in a single day in the presence of the CM.
These 18 MoUs will result in a potential of Rs 9,852 crore and 10,851 proposed EMPLOYMENT opportunities. Of these, MoUs worth Rs. 5,733 crores have been signed with the participation of foreign investors.

The government statement said all these units for which MoUs were signed will become operational by 2025. Under the MoUs, industrial units will be set up in Vadodara, Ahmedabad, Bharuch, Surat, Kutch and Sabarkantha.

Gujarat: Cotton price surge hits output in denim capital

Surging prices of and other raw materials have left denim manufacturers inGujarat the countrys denim capital grappling with a spike in production costs to the tune of 30%. With costlier raw materials and availability issues, denim production has declined by at least 30% over the past six months. This has left denim mills operating at an estimated 70% capacity utilisation, suggest Industry estimates.

Raw cotton prices rose from Rs 36,000 per candy in September 2020 to Rs 78,000 per candy in February 2022 over a span of 16 months adding to the Stress of the denim manufacturers. Industry estimates suggest that denim makers contribute at least 10% to the total cotton consumption in India.

Industry experts claim that the worst affected are mills that have recently entered the denim business, as they are faced with a dual hit of not being able to pass on cost escalation to the market and repaying debts.

State got 6 lakh crore investment in 4 years: Centre

Figures released by thedepartment of Industrial Policyand promotion (DIPP) of the government of India state that in the past four years,Gujaratgarnered the highest proposed investments in the country.

Between 2017 and 2021, Gujarat received 1,744 IEMs (industrial entrepreneur memorandum) applications, with a proposed of nearly Rs 5,99,121 crore, accounting for almost 25% of Indias total proposed investment.

During the same period, the total IEMs applications implemented in the state were 1,218 with total reported investment of Rs 3,41,227crore, the DIPP report said. This accounts for 25.8% of Indias total actual investment during the said period. In 2021 (January to November), Gujarat received 199 IEMs with a promised investment of Rs 50,645 crore. Of these, 106 applications were implemented during the year, and Gujarat garnered 31.6% of the total actual investments made in the country in the year.

Gujarat: Scrappage policy to boost new car, CV sales, say dealers

After theUnion ministry of road transportand highways (MoRTH) launched the new vehicle scrappage policy, car dealers believe it will help boost the sale of new cars as well as commercial vehicles. The new policy comes with a slew of incentives such as waiver of registration fee of the purchased vehicle, scrap value and road tax rebate, getting a 10-year old vehicle scrapped after a certain period becomes an attractive proposition. Dealers have projected a series of long-term benefit of such a policy.

There are provisions proposed for a DISCOUNT on new cars against a vehicle scrappage certificate, which go up to 4-5% of the ex-showroom cost of the vehicle. This will certainly boost demand for new vehicles in both commercial as well as passenger vehicle segment.

Gujarat: NTPC signs PPA with GUVNL

NTPCRenewable Energy Limited, a wholly owned subsidiary of NTPC Ltd, has signed a power purchase agreement (PPA) with Gujarat government-runGujarat Urja Vikas Nigam Limited(GUVNL) to sell power from its 150 MW solar project. The project, which will be installed in Gujarat, will sell power at a tariff of Rs.2.20 per per unit.

The company has also been allocated land inRann of Kutchby the Gujarat government to develop a solar park with a capacity of 4,750 MW.

Sugar output in Gujarat at 1.6L tonnes till Nov

With sugarcane crushing progressing well, cooperative sugar mills across Gujarat produced 1.66 lakh tonnes of sugar as of November 30, 2021, shows data compiled by the Indian Sugar Mills Association (ISMA).

The operational sugar factories produced 1.65 lakh tonnes of sugar in the same period last year, ISMA data further shows.

Sugarcane crushing in Gujarat is progressing well. Sugar production is expected to rise 10% this season due to higher sugarcane acreage, said a source in Gujarat State Federation of Cooperative Sugar Factories (GSFCSF).

Sugar production, according to GSFCSF estimates, is expected to rise to 11.29 lakh tonnes in the 2021-22 season from around 10 lakh tonnes in 2020-21. Increased production of sugarcane is going to push up production of the sweetener this year, said players.

Govt will need 7,700cr more to give free power: Report

An internal report prepared by the government to counter the announcement made by Aam Aadmi Party (AAP) to provide 300 units of free electricity, has pegged the financial burden at Rs 7,700 crore per year for the perk.

A key source close to the development said that of the total 1.61 crore domestic electricity connections in the state, those consuming less than 300 units of electricity per month amount were about 1.21 crore. The will have to make an additional provision of Rs 7,700 crore to provide free electricity to 1.21 crore connections, the source said. The state government has been bearing a whopping Rs 8,400 crore Agriculture-notes-for-state-psc-exams”>Agriculture power subsidy to farmers every year, he added.

PM Inaugurated Sardardham Bhavan

PM Narendra Modi has inaugurated the Sardardham Bhavan in Ahmedabad, Gujarat, through video conferencing. PM performed the Bhoomi Pujan of the Sardardham Phase-II Kanya Chhatralaya (girls hostel) project. Both these businesses are dedicated to the Iron Man of India, . The challenge was developed with the aid of the Vishwa Patidar Samaj.

The trendy Sardardham Bhavan provides separate hostel facilities to girls and boys from rural areas who aspire for better professional prospects.

Phase I of the Sardardham Bhavan assignment is constructed over a region of 11,672 rectangular feet at an estimated fee of Rs 200 crore, near the Vaishnodevi circle in the Ahmedabad-Gandhinagar border area. It will house 1,600 students, such as 800 boys and 800 girls.

The Phase II of the Sardardham assignment is expected to house around 2,000 girl students. The undertaking will be built at the fee of another Rs 200 crore.

Prime Minister Modi said that Madhya Pradesh has got rid of its identity of sick State under the leadership of Chief Minister Shivraj Singh Chouhan. The cities of Madhya Pradesh are setting new examples in cleanliness and development. Congratulating the State for the grain distribution programme under Pradhan Mantri Garib Kalyan Anna Yojana, Prime Minister Modi said that a big campaign is going on in Madhya Pradesh to provide food grain to about 5 crore beneficiaries simultaneously under the scheme.

This programme has given me an opportunity to sit amongst the poor and talk to them. This gives me strength to keep doing something for the poor. It is sad that the life and livelihood of people have been affected due to excessive rains and floods in many districts of the state. The Central Government is with the people of the State. Chouhan and his entire team are engaged in all possible relief and rescue work. The Centre will also ensure all possible assistance.

Modi was virtually addressing the free ration distribution programme organized under the Pradhan Mantri Garib Kalyan Anna Yojana in Madhya Pradesh as its chief guest. Prime Minister Shri Modi also had a virtual discussion with the beneficiaries of the scheme including Dilip Kumar Kori of Satna, Chandra Badan Vishwakarma of Niwari, Maya Dhurve of Hoshangabad and Rajendra Sharma of Burhanpur.

Chouhan presided over the programme. Food Minister Bisahulal Singh and Cooperatives Minister Arvind Bhadauria were also present in the programme at Minto Hall. Former Uttarakhand Minister Sudesh Joshi and Chief Secretary Iqbal Singh were also present on the stage. A short film was also screened at the event.