Punjab sets up board for agriculture, horticulture promotion
Darpan News Desk IANS, 16 Aug, 2021 12:12 PM
Chandigarh, Aug 16 (IANS) To promote agriculture and horticulture in the state by boosting the crop diversification programme, the Punjab cabinet, chaired by Chief Minister Amarinder Singh, on Monday approved the merger of Punjab Agro Juices Ltd (PAJL) with the Punjab Agri Export Corp Ltd (PAGREXCO).
The Cabinet approved the proposal of the Agriculture and Farmers' Welfare Department for the merger as per the recommendations of the Board of Directors of PAGREXCO and PAJL and the officers' committee headed by the Chief Secretary.
The merged entity would be called Punjab Agri Export Corp Ltd, an official spokesperson said after the Cabinet meeting, which also authorized the Managing Director, Punjab Agro Industries Corporation Ltd (PAIC), to perform all such acts and deeds which are necessary for the implementation of the merger scheme and to make the merger scheme effective.
The merger would lead to better utilisation of resources of the PAJL with the PAGREXCO, creation of synergy, better economies of scale, expansion of operations, stronger farmer connect with forward and backward linkages, common branding and marketing to have a better consumer outreach, which will ultimately benefit the farmers and the agriculture sector of the state.
As per the merger terms and conditions, the new entity is envisaged as a company, and the entire decision making would be vested in the Board of Directors.
The Chairman of the merged entity will be an eminent horticulturist with experience in agribusiness.
The Board of Directors shall be appointed based their professional competencies from the areas of horticulture, marketing, finance, etc.
The arrest of DSP Davinder Singh with Hizbul Mujahideen terrorists rocked the nation a few months back. DSP Davinder Singh, the once decorated police officer who fell from grace after his arrest has now been granted bail by a Delhi Court since the investigating agency failed to file charge-sheet within 90 days.
10 Indian soldiers have been released after three rounds of talks and intense negotiations through diplomatic and military channels. The Indian soldiers were detained by the Chinese side during the violent brawl of June 15 in Galwan Valley.
The worst clash in decades saw 20 Indian soldiers killed in the India China border conflict. Darpan brings you some of the latest developments in this ongoing story.
According to Indian officials, at least 20 Indian soldiers were killed in a clash with Chinese forces in a disputed Himalayan border area. The incident follows rising tensions, and is the first deadly clash in the border area in at least over 4 decades. The Indian army initially said three of its soldiers had been killed, adding that both sides suffered casualties.
India and Australia penned a landmark agreement for reciprocal access to military bases for logistics support besides firming up six more pacts to further broaden ties after Prime Minister Narendra Modi and his Australian counterpart PM Scott Morrison held an online summit.
