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Maharashtra sugar mills submit bids to supply 111 crore litres of ethanol in current supply year

[ad_1] Sugar mills in Maharashtra have filed bids to supply 111 crore litres of ethanol to oil marketing companies (OMC) for the ethanol supply year (December-November) 2021-22. This is expected to divert over 12 lakh tonne of sugar in the state with most of the ethanol being produced either from B heavy, C heavy molasses or directly from cane syrup. According to officials at the Maharashtra State Cooperative Sugar Factories Federation (MSCSFF), 84 units including 34 cooperative sugar mills, 33 private sugar mills, 12 independent ethanol plants and five stand-alone molasses distilleries will be participating in the production and supply of ethanol in the 2021-22 marketing season. Maharashtra had supplied around 79.04 crore litres of ethanol in the 2020-21 marketing season. For the ethanol supply year 2021-22, OMCs have floated national tenders for supply of 465 crore litres. Till February-end, the OMCs have finalised supplies of 416 crore litres and letters of intent (LOIs) for 401 crore litres have been issued. In Maharashtra, 84 units including 67 sugar mills have started producing ethanol and in line with the national trend, majority of the mills are producing the fuel additive from B heavy molasses. At present, Maharashtra has around 127 plants with a production capacity of 303.27 crore litres of ethanol. Officials said that applications have been placed for 336 new projects of which 93 projects are in the cooperative sector, 103 projects in the private sector, 69 applications have been placed for standalone molasses distilleries, 38 applications have been made for grain-based and molasses distilleries and 34 applications have been made for standalone grain-based distilleries. These may take at least a couple of years for installation. The Centre has fixed premium rates for ethanol produced from cane juice/syrup at Rs 63.45 per litre, Rs 59.08 per litre for B heavy molasses, Rs 46.66 per litre for C heavy molasses and Rs 52.92 per litre for grain-based ethanol. This is to ensure maximum reduction of sugar, which would reduce the carry over burden for mills. A bumper back-to-back production had led sugar mills both in Uttar Pradesh and Maharashtra failing to pay their farmers. Officials of the Sugar Commissionerate estimate that 112 lakh tonne of sugar will be produced during the present season. However, industry sources say the final figure could be around 120 lakh tonne. In a move to support the ethanol-blending programme, the Centre has kept a provision of Rs160 crore in the revised estimate for 2021-2022 and another Rs 300 crore in the budget estimate for 2022-23 for extending financial assistance to sugar mills for augmentation of ethanol production capacity. This will boost setting up of more ethanol distilleries in the country. The ethanol blending target for ESY 2021-22 is 10%. The Department of Economic Affairs said that in the past, for four sugar seasons ending 2020-2021, sugar mills/distilleries generated revenue of about Rs 35,000 crore from the sale of ethanol to oil marketing firms, which helped in clearing the sugar cane price arrears owed to farmers. [ad_2] Source link

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Sebi orders as per understanding of co-location case, no dilution of NSE order: Outgoing chairman Ajay Tyagi

[ad_1] Ajay Tyagi, the outgoing chairman of the Securities and Exchange Board of India (Sebi), had a piece of advice for his successor Madhabi Puri Buch, who took charge on Wednesday. “No day is a dull day here. I was telling Madhabi whosoever is the new chairperson will feel the challenges and that is the way the capital markets are.” Tyagi told reporters that the regulator acted as per its remit and understanding on the NSE case, which brought to light the connection between an “unknown person” and the exchange’s former CEO Chitra Ramkrishna. He denied that there was any attempt to dilute the order. Legal experts say that since NSE was not a listed company, there was no specific violation with reference to sharing sensitive information with a third party by key management persons. Tyagi said: “We really had nothing to hide. Sebi tried in earnest to investigate the matter.” The comment from the former chairman comes in at a time when the regulator was criticised for its order in the NSE case. Tyagi said that the NSE co-location case was a complex one and that the regulator came out with orders as per its understanding. The market regulator, in its order dated February 11, had highlighted that Ramakrishna, former MD & CEO, NSE, had passed sensitive information related to the exchange to some ‘unknown spiritual person’. Following this, then group operating officer of NSE, Anand Subramanian, was arrested by the CBI on February 25. The outgoing chairman mentioned that other enforcement agencies are looking into the matter and they have their own mandate. “We should wait for the investigation of other agencies as well,” he said. Tyagi further asserted that the market regulator is sharing all required information with other agencies and further cooperating on the matter. [ad_2] Source link

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How should the current market impact lenders’ tech adoption?

[ad_1] HousingWire recently sat down with Polly CEO Adam Carmel to discuss how lenders can break old habits and redefine the mortgage process through innovation and modern, advanced tech. HousingWire: As lenders look to diversify their product offerings amid declining volume, what are some of the key challenges that come into play on the tech side? Adam Carmel: The intent when adding new products or channels is always to generate more revenue. The key challenges lie in the implementation and associated processes that have historically been necessary for lenders to adopt new technology. In the past, tech adoption has been complicated and cumbersome, and often rife with unanticipated workflow requirements and expenses. This is at no fault of the lender. Unfortunately, this scenario is what many have been forced to accept over time because there was not another choice in lieu of the legacy software tools available within the industry. At Polly, we believe this is a fundamental flaw in the way things have been done. Tech should not be a challenge or barrier. In fact, it should be the exact opposite. Mortgage software should be an enabler and even more so, an accelerator. We understand that lenders need to remain nimble; agility is necessary in a market that is constantly evolving. When lenders have access to the most technically advanced and state-of-the-art software solutions, configuring new products and channels becomes significantly easier. Workflows become automated, speed to market is increased, and lenders can truly optimize the margins and revenue on every single loan. HW: From your perspective, how should the current market impact lenders’ decision-making in terms of tech adoption? AC: This is certainly the time to be thinking about and evaluating all parts of a mortgage operation. As we move through 2022 and beyond, so much of a mortgage company’s future is going to be dependent on its tech stack—specifically, the LOS and PPE. When it comes to these primary components, it is important to know that other options do exist. Polly has completely re-architected the traditional PPE with patent-pending technology, to streamline the configuration of various elements throughout the loan lifecycle. Lenders can dynamically manage their pipeline and quickly identify where they want to be priced with great precision. This level of accuracy has such a significant impact—probably the most important impact outside of a sales function—in being able to aggregate new volume and increase revenue per loan. Legacy systems that require an abundance of spreadsheets and tree- or folder-type hierarchies are a hugely limiting factor in a lender’s ability to configure products, eligibility and pricing on a dynamic or multi-dimensional basis.  Current market conditions have granted lenders the time to evaluate their technology. What is the most modern and comprehensive solution available today? Which solution can truly adapt to your unique business needs, scale with your operations, and help drive success? HW: The pandemic proved the industry’s need and ability to adapt quickly, but as we get further into 2022, are you seeing old habits persist in the mortgage process? AC: In some cases, yes, and in other cases, no. Every mortgage lender has the underlying goal of positioning their organization to adapt quickly. That said, larger mortgage operations inevitably have a larger budget and the bandwidth to do more to develop granular pricing strategies or run the analytics to compete more effectively. But, for those that are not yet large lenders, it can be incredibly difficult to adapt quickly.  We kept these differences in mind and developed an end-to-end ecosystem that was designed to provide unlimited flexibility and scale. Whether the mortgage operation is a community bank, large credit union, top 25 independent mortgage company, or a mortgage broker, our system is built to accommodate lenders of any type and size. Polly is the only PPE available today that delivers this level of flexibility, configurability, and scale. We are invested in democratizing the mortgage market—the experience, workflow automation, the ability to dynamically manage and optimize margins, reporting dashboards—all of it. If your organization is not among the top 10 largest lenders in the country, you can still have the same efficiency and tools at your fingertips, enabling you to compete with those larger lenders. HW: How does Polly empower lenders to break those habits and move forward in an innovative way? AC: We empower lenders because we understand that the power lies with the lender. Polly is committed to constant and consistent innovation. We look at the entire capital markets vertical and will continue to work toward turning what has historically been a reactive and personnel-dependent industry into a proactive function that is focused on automation and optimization.  That said, our core obsession lies with our customer. We really care and want our customers’ input and feedback. We want to partner with leading mortgage lenders to build what they want and need to satisfy market demands. How can we, together, re-imagine how the industry could operate in a perfect state? We want to collaborate with our customers to get there. Connect with the team at Polly for more information.  The post How should the current market impact lenders’ tech adoption? appeared first on HousingWire. [ad_2] Source link

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How to Make Money Online Fast: 21 Legit Ways

[ad_1] The post How to Make Money Online Fast: 21 Legit Ways appeared first on Millennial Money. Whether you have an emergency expense to cover or are just sick of being broke, we could all use some extra cash fast. Luckily, there are tons of ways to make money online quickly. But some options are better than others. In this post, we’ll share the best ways to make money online fast. So roll up your sleeves. Let’s get started! 21 Ways to Make Money Online Fast 1. Become a Freelancer on Upwork This is always my top recommendation for friends looking to make extra money. I have been a successful full-time freelancer for years and consider quitting my full-time job one of the best decisions I ever made. Now, you might not be ready to wave bye-bye to the 9-to-5 right away. But by doing some freelance work on the side, you can earn good money and perhaps explore what a life beyond full-time might look like. Although I’m a freelance writer and editor, there are many other skills you could turn into extra income as a freelancer. And one of the best ways to find gigs is Upwork. Upwork lists thousands of freelance jobs, from writing to graphic design, to consulting. You can use the platform to pick up anything from long-term assignments to quick gigs. Best of all, Upwork handles all of the invoicing for you. So it’s easy to get paid. Most Upwork jobs pay five business days after completion. You can choose to have the extra cash deposited in your bank account automatically, too. 2. Take Surveys and More with InboxDollars or Survey Junkie InboxDollars and Survey Junkie are best known as online survey sites, but these apps offer many more ways to make extra cash. In addition to taking surveys, you can earn money by reading emails, watching videos, playing app games, and even doing some online shopping while using coupons. Now, you won’t get rich by using an online survey site. But you can make easy money by using the InboxDollars or Survey Junkie app while waiting in line at the coffee shop, sitting on the bus, or watching TV at home. How much money you earn depends on how much time you spend on the app and what type of tasks you complete. While some users are happy to just receive a gift card as payment, if you want fast money, you can get InboxDollars or Survey Junkie to send you funds via PayPal. InboxDollars With InboxDollars, you take surveys, earn cash, it’s that simple, you can even earn to watch tv! Sign Up ($20 Bonus) 3. Sell Unwanted Gold or Silver for Cash If you have old, unwanted gold or silver items taking up space in your drawer, turn those precious metals into cash. Right now, both gold and silver are above their pre-pandemic prices. And websites like the Money Metals Exchange, APMEX, and Cash for Gold USA are more than happy to exchange your precious metals for money. You’ll need to mail in your jewelry or coins and wait for an evaluation and offer. But these sites pay real money for unwanted items. These sites tend to pay per ounce. Vintage or antique jewelry might be worth more than that. Consider selling jewelry items that might be valuable on a platform such as Worthy.com or Etsy. 4. Share Your Knowledge as a Tutor What was your favorite subject in school? Whether it was geometry, language arts, physics, history, or anything else, there are kids struggling to master it who need your help. Tutoring is an especially popular way for college students to make extra cash. Back when I was at uni, I worked as a Latin tutor for quick money (dork alert, I know). These days, it’s easier than ever to become an online tutor. TutorMe is a website that matches students with tutors for 30-minute one-on-one sessions. It pays as much as $20 per hour. If you’re a math wizard, check out Yup Tutors, which pays about $20. You can use Yup to help students in kindergarten through college improve their mathematical abilities. 5. Teach English Online I have several friends who have taught English to kids both online and abroad, and they all agree it’s an extremely rewarding experience. There are several legit websites that can connect you to kids — and adults — who are looking for an English teacher or conversation buddy. VIPKid is one of the most trusted sites for teaching English online. You can teach from anywhere, on your own time. However, it’s worth noting that many of your students will be in Asia. So you might have to get up early in the morning to help them after their school day! You don’t need a teaching degree to work for VIPKid. However, you will need a bachelor’s degree and be able to meet the technical requirements. Teaching experience isn’t mandatory, but it is recommended. During the application process, you’ll need to submit a short demo video of yourself. You’ll also get to do a live one-on-one training session with another VIPKid teacher. So it’s not a way to start making money right away. But VIPKid could be a rewarding side hustle or part-time gig for you. On the other hand, if you’re a native English speaker, you can easily sign up to get started with Cambly. It’s a service that connects English learners with speakers to help improve their skills. You’ll make 17 cents for every minute you spend chatting. 6. Sell Unwanted Stuff on Facebook Marketplace or Decluttr If you have stuff cluttering your house, why not post it for sale on a selling app like Facebook Marketplace or Decluttr? If somebody wants what you have, you could get it out the door and make some quick cash today. Facebook Marketplace is a great option if you’re selling something somebody local is likely to want. I have listed many items on Marketplace

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Ukraine’s Kharkiv Front Line Holds Despite Russian Bombardment – The Wall Street Journal

[ad_1] Ukraine’s Kharkiv Front Line Holds Despite Russian Bombardment  The Wall Street Journal Russian invasion of Ukraine enters seventh day – BBC News  BBC News Russia-Ukraine war: United Nations approves resolution condemning Putin, Russia: LIVE UPDATES  Fox News Hundreds Dead After Russian Bombs Hammer Ukrainian City of Mariupol, Official Says  The Daily Beast Most of the world lines up against Moscow, attacks intensify  WHIO View Full Coverage on Google News [ad_2]

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