GUJARAT

TheGujaratgovernment claimed on Sunday that Gujarat leads the country in marine fish production with an Average of 8.50 lakh metric tonnes of fish production annually over the past four years.
A number of programmes will be organized on July 10 and 11 in Veraval,Porbandar, Jafrabad, Mangrol and Okha to mark the event, an official statement said.

According to the data made available by the government, Gujarat leads India in marine fish production and ranks fifth in the country in total fish production. The average fish production in Gujarat has been about 8.5 lakh tonnes per year in the last 4 years, the statement added.

Presently, the exports of fish from the country is 13,69,264 metric tonnes and Gujarats share in the total fish quantity exports is 16.9%, i.e. 2,32,619 metric tonnes.

The annual income of a family engaged in fishing activities was Rs 6.56 lakh in 2018, Rs 6.80 lakh in 2019, Rs 7.39 lakh in 2020, Rs 8.51 lakh in 2021, and Rs 10.89 lakh in 2022.

Cumulativeexportsin June both merchandise and Services from functioning specialeconomiczones (SEZs) inGujaratdeclined by 5.6% from May,2021.

GujaratsSEZexports fell to Rs 17,408 crore in June 2021 against exports worth Rs 18,441 crore in May. However, exports were 60% higher than exports of Rs 10,901 crore in June last year, government data shows. In June 2020, the states SEZ exports were hit by the nationwide lockdown.

players attributed the June fall to the second wave of the pandemic and a container shortage, among other factors.

On month-on-month basis, exports fromSurat SEZdeclined by 59% to Rs 726.27 crore in June from Rs 1,790.73 crore in May. Exports from the Reliance SEZ dipped by 4% to Rs 13,283.63 crore from Rs 13,868.63 crore in the same period.

Indicating better repayment capacities of micro small and medium enterprises (MSMEs) inGujarat, the non-performing assets (NPAs) of MSMEs have significantly reduced in the fiscal 2022-23.

Fuelled by post-Covid demand improvement in FY2023, the grossNPAs for MSMEshave gone down by 10% from Rs 9,326 crore in FY2022 to Rs 8,432 crore in a year, according to the latest report by the State Level Bankers’ Committee (SLBC) Gujarat. During the same period, advances to MSMEs went up 17% from Rs 2.13 lakh crore to Rs 1.82 lakh crore.

Bankers attributed the decline in bad loan burden from NPAs to major repayments that took place from a few major accounts, companies opting for restructuring as well as improvement of business in certain sectors. “Big chunks of repayments have been made in the MSME sector during the year. This may have resulted in a significant decline in the NPAs for MSMEs which grew since the Covid year. Overall, there was a demand improvement in some of the sectors during FY2023, which streamlined cashflow cycles for many MSMEs and led to an improvement. As a result, the loan repayment improved,

A petition in theGujarat high courthas requested the court to provide access toproceedingsto media persons by sending them video conferencing links. Court proceedings have moved to the virtual platform due to theCovid-19 pandemic.

press can report on the exchanges that take place during proceedings and that the courts are open for reporting. Besides, the lawyer has also cited an earlier representation made before the HC to allow access to media persons to cover court proceedings.

Gujarats billion-dollar-plusmarket capclub has grown bigger on the back of stock markets rally since last June. The number of listed companies having m-cap of more than a billion dollar (approximately Rs 7,532 crore) has now increased to 22 from 17 within a year since April 2020.

According to analysis of the Gujarati firms listed on BSE, the entities that made it to the billion-dollar (one billion dollar is approximately Rs 7,532 crore considering the value of rupee against dollar at 75.32) m-cap club in past one year are Deepak Nitrite Limited, Ratnamani Metals and Tubes Ltd, Gujarat Fluorochemicals Limited, Symphony Ltd and Eris Lifesciences Limited.

Adani Group tops the list of Gujarats most valued companies with its all the six companies being part of the billion-dollar m-cap club for long. In fact, the groups four companies, exceptAdani Powerand Adani Transmission, have of more than Rs 1 lakh crore or $ 13.2 billion.

The Gujarat government, according to sources, is expected to raise Rs 17,630 crore through of state Public Sector Undertakings (PSUs).

Independent legislative research institute PRS Legislative Research has said the significant increase of thebudgetoutlay for 2023-24 means the State Government intend to divest stake in government-run companies.
PRS Legislative Research agency, quoting figures provided by the state government during thebudget speechlast week, said that the 23% increase in budget outlay is primarily because of the government expects to raise Rs 17,630 crore from divesting itself of its holdings in SPSUs.
Over the past few years, the state governments budget outlay has been increasing by between 4% and 5% from the previous year. This years budget outlay shot up by 23%.

According to the latest CAG report, there were 91 SPSUs in the state of which 18 are inactive. Of the 91 SPSUs, four SPSUs are listed on stock exchange(s).

In absolute terms, out of 5.4 crore persons who are fully vaccinated forCovidinGujarat, only 1.96 crore have taken the third or booster dose, giving the Percentage of 36% for the covered Population. However, with national Average only at 24%, the state stands among top five, indicated a data tabled in theLok Sabharecently.

According to the data, had the highest coverage at 43%, followed by 40% in Odisha, 39% inAndhra Pradesh, 37% each in Chhattisgarh andHimachal Pradesh. Gujarat ranked fifth with 36%.

After Tata Motors shifted its factory to Sanand inGujaratin 2008, following violent protests at Singur in West Bengal, another big-ticket project, this time by South Korean steel giantPosco, has come calling to Gujarat, seeking a fresh lease of life for its steel project in India.

For this, the steel-maker has joined hands with billionaire Gautam Adani-ledAdani Groupand on Thursday they announced the signing an agreement to establish an integrated steel mill atMundraand to explore cooperation in other businesses. The pact envisages an estimated investment of $5 billion.

Poscos plans for the steel project in India have been blocked for many years now due to protests by farmers and land acquisition issues in states such as Odisha and Karnataka.

Presently, the South Korean major runs POSCO-Maharashtra, a 1.8-million-ton cold-rolled and galvanized mill regarded as the most advanced automotive steel supplier in India, and four processing centres, at Pune, Delhi, Chennai and Ahmedabad.