Skip to main content

A separate ministry for fisheries at the Centre tops the charter of demands

Vaddy fishing village seems quite abuzz as the morning sun beats down on the beach. Many fishermen have returned after their midnight sortie and stand huddled together discussing a bad catch and a wicked weather. Inside the colony are other groups engaged in animated chatter, the Lok Sabha polls often dominating the conversation.
As 64-year-old Thresya launches into her favourite refrain, “whichever party comes to power we are left to rot”, for the third time, Jaya intervenes. “Our situation has changed over the years, we have liveable homes now and our kids go to college. We still look forward to a lot of changes, but no, we are not a very miserable lot,” she says.
Lal, a union member, is quick to agree. “You are getting subsidy for kerosene, your pension has doubled and the State government is now offering interest-free loans as well. You have no right to complain,” he says. But there are still murmurs about yet-to-start housing projects and infrastructure issues.
Neglect alleged
The boat operators at Neendakara have a different story, insisting that both the State and the Centre have been neglecting them for long.
“The mechanised sector has been struggling for a while and the hike in diesel price has thrown us into a crisis. This is a larger industry providing livelihood for many and contributing a major share of the exports. We want these issues to be addressed,” says All Kerala Fishing Boat Operators Association president Peter Mathias.
The mechanised sector is equally unhappy over the newly introduced hike in the amount for registration, deposit, and annual licence of fishing boats. “Kerala is the only marine State that has imposed a 10-fold rise in fee, making it all the more difficult for us to survive. Also, the government should issue life-saving equipment to the fishermen working in the mechanised sector as well,” he adds.
But both the traditional and mechanised sectors are in agreement when it comes to their common demand -- a separate ministry for fisheries at the Centre as the sector is now attached to a string of departments in various ministries, including Agriculture and Animal Husbandry.
“It is an uphill task for fishers to get their voice heard at the Centre,” says general secretary of the AKFBOA Joseph Xavier Kalapurakal.
Kerala Matsya Thozhilali Aikya Vedhi president Charles George says the fishing community in Kerala stood united in getting the Meena Kumari Committee recommendations rolled back.
“It was a great success. However, subsequent measures by the Union government reflected its vengeance on the fishers in the State, which includes the virtual rejection of the Ockhi rehabilitation package,” he says.
Leaders of the National Fishworkers Forum say they have already prepared a memorandum that will be submitted to the candidates from all political parties across the Indian coastal belt.
Drop CRZ relaxations
“Apart from the formation of a new ministry, we want the government to withdraw the recently introduced relaxations in the Coastal Regulation Zone. It is nothing but an attempt to help corporates in the tourism and construction sectors. The government should also reconsider the proposed shipping channel since it will affect the livelihood of traditional fishers. Also, they should consult the fishing community before moving forward with the new mariculture policy,” says T.Peter, forum general secretary

Comments

MARKET OF SHARES

Share market Technical View: Nifty forms Bearish Engulfing pattern, support seen at 11,550

Mazhar Mohammad said for the time being, upsides shall get capped around 11,760 where a potential double top can be expected if bulls are unable to breach the said level in next couple of trading sessions Nifty50 made its new high of 11,761 on April 3 morning, but wiped out all gains in last hour of trade. Traders turned cautious after Skymet forecast below normal monsoon. Market participants are also eyeing RBI interest rate decision due April 4. The index closed below 11,700 and formed 'Bearish Engulfing' pattern after two Doji candles on daily scale. A Bearish Engulfing Pattern consists of two candles. One candle is usually a small candle which is followed by a large black or red candlestick pattern that engulfs the short one or the previous candle. A bearish candlestick pattern suggests that bears were able to regain control. It is usually seen as the end of an uptrend but if index breaks below its crucial support level of 11,550, selling pressure could acc

Tech View: Nifty forms Bearish Engulfing pattern as bears gain upper hand

Tech View: Nifty forms Bearish Engulfing pattern as bears gain upper hand   NEW DELHI: Nifty50 could barely hold the 11,600 level on Monday, as the index formed a Bearish Engulfing pattern on the daily chart. Analysts said that Tuesday’s trading could be crucial, as it may set the tone of market in the coming sessions.  A move below 11,550 will trigger more corrections, dragging the index towards 11,465-11,420 levels. But a trade above 11,650 may trigger short covering rally towards 11,700-11,760. For resumption of the bull trend, a close beyond 11,760 is required; otherwise bears may take control of the market and push Nifty down gradually,” said Aditya Agarwala of YES Securities. 

Tata Projects bags USD 321 million order from NPCIL Read more at: //economictimes.indiatimes.com/articleshow/68705719.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Sa Nuclear power sector is a highly technology intensive industry wherein execution expertise is very essential. NEW DELHI: Infrastructure firm  Tata Projects Wednesday said it has bagged order worth around USD 321 million from  Nuclear Power Corporation of India ( NPCIL ). "This 2X700 MW  power plant  order valued around USD 321 million is the company's third contract in the nuclear power sector," Tata Projects said in a statement. The scope of work involves construction of main plant buildings and structures, among others. "Once completed, this project will provide much needed power supply...and ensure developmental initiatives receive an impetus. Tata Projects believes that nuclear projects provide a clean source of power thereby ensuring a more environment friendly future," Tata Projects COO - Industrial Systems-  Satyanarayana K  said. Nuclear power sector is a highly technology intensive industry wherein execution expertise is very ess

DLF declines 8% on report of block deal trade

DLF declines 8% on report of block deal trade DLF  shares fell 8.4 percent to close at Rs 184.60 on April 8 after a media report highlighted a block deal trade in morning. About 6.8 crore shares (representing 3.8 percent of total paid-up equity) of the company changed hands on NSE in a single block deal at Rs 192.65 per share, reports CNBC-TV18. The deal was worth Rs 1,311 crore DLF's group Chief Financial Officer Ashok Tyagi recently said the QIP proceeds and further infusion of Rs 2,500 crore from promoters against the issue of warrants would help the company significantly reduce the debt that stood at around Rs 7,200 crore as on December 31, 2018. DLF promoters K P Singh and family have already infused Rs 9,000 crore in the company and would pump in Rs 2,250 crore more.

Share Market

STOCK MARKET sharemarketport.blogspot.com A  stock market ,  equity market  or  share market  is the aggregation of buyers and sellers (a loose network of economic transactions, not a physical facility or discrete entity) of  stocks  (also called shares), which represent ownership claims on businesses; these may include  securities  listed on a public  stock exchange , as well as stock that is only traded privately. Examples of the latter include shares of private companies which are sold to  investors  through  equity crowdfunding platforms. Stock exchanges list  shares of common equity as well as other security types, e.g. corporate bonds and convertible bonds. Stocks are categorized in various ways. One way is by the country where the company is domiciled. For example,  Nestlé and  Novartis  are domiciled in Switzerland, so they may be considered as part of the  Swiss  stock market, although their stock may also be traded on exchanges in other countr

Earnings to grow 15–17% in FY20, Nifty to also give similar returns: Avendus Capital

The economic news headlines would largely be dominated by growth fears and measures to revive them in FY20, the performance of asset prices would be better albeit with elevated volatility, said Vaibhav Sanghavi of Avendus Capital During this time, a lower interest rate environment along with very supportive liquidity has helped asset prices. On the back of global growth fears returning, going forward, I believe that interest rates will top out, inflation would remain benign and liquidity accommodative. Amid this, India’s growth is expected to be robust on the back of consistent consumption and revive investments. The corporate earnings outlook is much better than in the previous five years, led by banking and financials. This all augurs well for the Indian market to perform better than global peers in the next few years.

GLOBAL MARKETS-Investors hit pause as ECB and Brexit risks loom

GLOBAL MARKETS-Investors hit pause as ECB and Brexit risks loom In a document published on the central government's website late on Sunday, Beijing said it would step up a policy of targeted cuts to banks' required reserve ratios to encourage financing for small and medium-sized businesses. exports and imports both fell more than expected in February, data showed on Monday, in the latest sign that Europe's largest economy will likely have meagre growth in the first quarter amid increased headwinds from abroad. DAX  .GDAXI  fell 0.3 percent, while traders said volumes were very low for this time of day. "Feels very much like a buyers' strike," said one dealer. Markets have had a stellar first quarter, the best in more than eight years for the MSCI All-Country World index. "Today's very minor move down has to be seen in light of recent developments," said Britta Weidenbach, head of European equities at DWS. "We're back at the le

An evening walk down D-St: Investors book profits at higher levels; IT gains as rupee weakens

An evening walk down D-St: Investors book profits at higher levels; IT gains as rupee weakens S&P BSE Sensex fell by 341 points from its intraday high of 39,041 as investors preferred to book profits ahead of earnings. Valuation premium and the recent surge in crude oil prices also put investors on the sidelines. Crude oil prices are trading at a 5-month high driven upwards by OPEC’s ongoing supply cuts, US sanctions against Iran and Venezuela, fighting in Libya as well as strong US jobs data, said a Reuters report. Brent Crude has ralliedhere was a feeling among the participants that markets fell after ruling BJP released its manifesto for the general elections, but experts feel that wasn’t the case. BJP manifesto touched upon doubling farmers’ income by 2022. The government also announced pension for small and marginal farmers on reaching 60 years of age. It was largely on predicted lines. over 30 %

Mukesh Ambani sets out to change the face of Indian cities, first project already o

Mukesh Ambani sets out to change the face of Indian cities, first project already on Reliance IndustriesNSE -1.82 % is tying up the last loose ends in its blueprint for setting up a megacity in the vicinity of Mumbai, a Business Standard story has revealed  It is going to be Reliance Group's single biggest "projects within a project" initiative, where every component of a project will be a project in itself, BS quoted an inside source as saying. 

Tax take from 'Panama Papers' probes exceeds $1.2 billion, says report

Taxmen in 22 countries worldwide have raked in more than $ 1.2 billion in fines and back taxes thanks to the 2016 "Panama Papers" leak of information about offshore dealings, media reported Wednesday. Britain has recouped some $ 253 million, France $136 million and Australia $93 million, the International Consortium of Investigative Journalists (ICIJ) posted on its website. German newspaper Sueddeutsche Zeitung -- which received the massive leak of documents from Panamanian law firm Mossack Fonseca on which the investigation was based -- reported Berlin has reaped $ 183 million from related tax probes. "While recouping the proceeds of hidden assets helps to fund vital government services, there is a growing sentiment that the enduring legacy of the Panama Papers will be its effect on behaviour and public attitudes," the ICIJ said. Tax authorities have scrambled to respond to the massive tax evasion system that the leak revealed was organised through Mos