Top-10 Apricot Producing Country in the World

Apricots, renowned for their sweet flavor and versatility in culinary uses, are cultivated prolifically across several nations worldwide. This article explores the top-10 apricot producing countries, highlighting their contributions to global apricot production. From Turkey’s vast orchards to Iran’s agricultural prowess, each country plays a crucial role in satisfying the global demand for this beloved fruit.

Worldwide Production of Apricots

Global apricot production reached 3.9 million tonnes, reflecting the fruit’s widespread cultivation and economic significance. This production is distributed among various leading countries, each contributing to the world supply of fresh and processed apricots. The figure underscores the fruit’s popularity in international markets, where it is enjoyed fresh, dried, and processed into jams, juices, and other products.

Largest Apricot Producing Country in the World

Turkey stands as the foremost global producer of apricots, yielding an impressive 800,000 metric tons annually. This significant output is bolstered by Turkey’s favorable climate and fertile lands, particularly in regions like Malatya, renowned for their apricot orchards. The country’s robust production not only satisfies domestic demand but also supports its position as a leading exporter, supplying apricots to markets worldwide, thereby contributing significantly to the global apricot industry.

Health Benefits of Apricot

Apricots offer various health benefits due to their rich nutritional profile. They are packed with vitamins A and C, which support eye health and boost immunity, respectively. Additionally, apricots provide dietary fiber, aiding digestion, and potassium, essential for heart function and blood pressure regulation. These fruits also contain antioxidants that help combat oxidative stress and inflammation in the body, promoting overall health and well-being.

Top-10 Apricots Producing Countries in the World

Turkey with an annual apricot production of 795,768 metric tons, stands as the largest apricot producing country, followed by Iran, Uzbekistan, Algeria and Italy.

Here is the list of top-10 apricots producing countries in the world:

Top-10 Apricots Producing Countries in the World
Rank Country Apricots Production (in MT)
1. Turkey 795,768
2. Iran 460,000
3. Uzbekistan 365,000
4. Algeria 269,308
5. Italy 247,146
6. Pakistan 192,500
7. France 189,711
8. Morocco 122,405
9. Spain 119,400
10. Egypt 98,772

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Most Pomegranates Exporting Country in the World

India stands out as the world’s foremost exporter of pomegranates, a distinction underscored by its robust agricultural practices and favorable climatic conditions. Renowned for their superior quality and nutritional value, Indian pomegranates find significant demand across global markets. This article delves into India’s leadership in pomegranate exports, exploring key production areas, export statistics, market destinations, and the economic impact of this thriving industry.

Most Pomegranate Exporting Country in the World

India holds the title of the world’s foremost exporter of pomegranates, with its top export destinations including the United Arab Emirates, the Netherlands, and Nepal. Exporting a staggering 120,641 units of pomegranates, India leads globally in this fruitful trade.

Pomegranates Production in India

India’s total fruit production reached 107.10 million metric tons (MMT), with pomegranates contributing approximately 3 MMT. India ranks seventh globally in pomegranate production, cultivated across approximately 2,75,500 hectares of land. This highlights the significant contribution of pomegranates to India’s agricultural output and its position among the top producers worldwide.

Key Factors Contributing to India’s Dominance

Several factors contribute to India’s success in pomegranate exports:

  • Quality Produce: Indian pomegranates are known for their superior quality, taste, and nutritional value.
  • Advanced Farming Techniques: Farmers use modern farming practices and technologies to enhance yield and quality.
  • Government Support: The Indian government provides various subsidies and support programs to pomegranate farmers, boosting production and export capabilities.
  • Efficient Supply Chain: A well-established supply chain ensures that pomegranates are transported efficiently from farms to international markets.

Major Export Destinations

Indian pomegranates are highly sought after in several international markets. Some of the major export destinations include:

  • Europe: Countries like the Netherlands, Germany, and the United Kingdom are significant importers of Indian pomegranates.
  • Middle East: The demand for pomegranates is high in countries such as the United Arab Emirates, Saudi Arabia, and Kuwait.
  • United States: The US is also a key market for Indian pomegranates, appreciating their quality and taste.

Economic Impact

The export of pomegranates plays a crucial role in India’s agricultural economy. It provides livelihood to many farmers and contributes to the country’s foreign exchange earnings. The growing export market also encourages farmers to adopt better farming practices and increase production.

Challenges and Future Prospects

Despite the success, the pomegranate export industry faces challenges such as fluctuating prices, pest infestations, and the need for better storage facilities. However, with ongoing advancements in agricultural practices and government support, India is well-positioned to maintain its leading status in the global pomegranate market.

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RBI’s 29th Financial Stability Report (FSR) July 2024: An Overview

The Financial Stability Report (FSR) is a comprehensive, half-yearly publication that involves contributions from all financial sector regulators in India. It reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council on current and emerging risks to the stability of the Indian financial system. The July 2024 edition of the FSR highlights various aspects of global and domestic macro financial risks, the soundness and resilience of financial institutions, regulatory initiatives, and an assessment of systemic risk.

Global Macrofinancial Risks

The global economy and financial system demonstrate resilience amidst significant risks and uncertainties. Despite the improvement in near-term prospects, several factors pose downside risks:

  • Disinflation Pitstops: Challenges in achieving the last mile of disinflation.
  • High Public Debt: The rising levels of public debt across nations.
  • Stretched Asset Valuations: Overvaluation of assets in financial markets.
  • Economic Fragmentation: Growing economic divisions among countries.
  • Geopolitical Tensions: Persistent geopolitical conflicts and their economic impacts.
  • Climate Disasters: Increasing frequency and severity of climate-related disasters.
  • Cyber Threats: Rising threats from cyber-attacks and security breaches.

Emerging market economies (EMEs) remain particularly vulnerable to these external shocks and spillovers.

Domestic Macrofinancial Risks

India’s strong macroeconomic fundamentals and a stable financial system have underpinned the sustained expansion of its economy. Key factors supporting this growth include:

  • Moderating Inflation: A trend of decreasing inflation rates.
  • Strong External Position: Robust foreign exchange reserves and favorable trade balances.
  • Fiscal Consolidation: Ongoing efforts to reduce fiscal deficits and manage public debt.

These factors have bolstered business and consumer confidence, with domestic financial conditions further strengthened by the healthy balance sheets of financial institutions.

Financial Institutions: Soundness and Resilience

Scheduled Commercial Banks (SCBs)

SCBs have shown remarkable improvement in profitability and asset quality:

  • Profitability: Return on assets (RoA) and return on equity (RoE) are at 1.3% and 13.8%, respectively.
  • Non-Performing Assets (NPAs): Gross NPAs and net NPAs are at multi-year lows of 2.8% and 0.6%, respectively.
  • Capital Buffers: The capital to risk-weighted assets ratio (CRAR) and the common equity tier 1 (CET1) ratio stand at 16.8% and 13.9%, respectively, well above the regulatory minimum.

Macro stress tests for credit risk indicate that SCBs have adequate capital buffers to withstand adverse stress scenarios.

Urban Co-operative Banks (UCBs) and Non-Banking Financial Companies (NBFCs)

  • UCBs: The CRAR for UCBs increased to 17.5% in March 2024.
  • NBFCs: The CRAR for NBFCs slightly declined to 26.6%, still significantly above the regulatory minimum.

The insurance sector’s consolidated solvency ratio remains above the minimum threshold limit of 150%, and stress tests on mutual funds and clearing corporations indicate robust resilience.

Regulatory Initiatives and Other Developments in the Financial Sector

Global Initiatives

Regulatory efforts globally continue to focus on:

  • Promoting financial stability.
  • Consistent implementation and refinement of global standards.
  • Safeguarding the banking system from interconnectedness with non-banking financial institutions.
  • Addressing risks from the digitalization of finance.
  • Improving climate-related risk assessments.
  • Strengthening resilience to cyber risks.

Domestic Initiatives

In India, regulatory initiatives aim to enhance the safety and resilience of the financial system by:

  • Implementing proportionate regulations.
  • Leveraging technology to improve customer service, governance, and risk management.
  • Limiting procyclical activities while fostering efficiency.

Assessment of Systemic Risk

The most recent systemic risk survey (SRS) conducted in May 2024 categorized all major risk groups to domestic financial stability as ‘medium.’ Key findings include:

  • Optimism in Domestic Financial System: Respondents showed optimism regarding the soundness of India’s financial system.
  • Global Spillover Risks: Risks from global spillovers have diminished, with increased confidence in the Indian financial system.
  • Near-term Risks: The main near-term risks identified were geopolitical risks, tightening of global financial conditions, and capital outflows.

Highlights of the Reports

  • The global economy is facing heightened risks from prolonged geopolitical tensions, elevated public debt, and the slow progress in the last mile of disinflation. Despite these challenges, the global financial system has remained resilient, and financial conditions stable.
  • The Indian economy and the financial system remain robust and resilient, anchored by macroeconomic and financial stability. With improved balance sheets, banks and financial institutions are supporting economic activity through sustained credit expansion.
  • The capital to risk-weighted assets ratio (CRAR) and the common equity tier 1 (CET1) ratio of scheduled commercial banks (SCBs) stood at 16.8 per cent and 13.9 per cent, respectively, at end-March 2024.
  • SCBs’ gross non-performing assets (GNPA) ratio fell to a multi-year low of 2.8 per cent and the net non-performing assets (NNPA) ratio to 0.6 per cent at end-March 2024.
  • Macro stress tests for credit risk reveal that SCBs would be able to comply with minimum capital requirements, with the system-level CRAR in March 2025 projected at 16.1 per cent, 14.4 per cent and 13.0 per cent, respectively, under baseline, medium and severe stress scenarios. These scenarios are stringent conservative assessments under hypothetical shocks and the results should not be interpreted as forecasts.
  • Non-banking financial companies (NBFCs) remain healthy, with CRAR at 26.6 per cent, GNPA ratio at 4.0 per cent and return on assets (RoA) at 3.3 per cent, respectively, at end-March 2024.

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Largest Bottle Gourd Producing State in India

Bottle gourd, known as “lauki” or “doodhi” in Hindi, is a nutritious and widely consumed vegetable in India. Uttar Pradesh stands out as the largest producer of bottle gourd in the country, thanks to its favorable climate and fertile soil. This article explores the factors contributing to Uttar Pradesh’s leading position in bottle gourd production and its significance in the state’s agriculture.

Bottle Gourd Production in India

Bottle gourd cultivation covers 1.58 million hectares, yielding 2.6 million hectares of produce. This area can be reduced when grown on rooftops, a common practice in the villages of Bihar and Uttar Pradesh. Rooftop cultivation not only saves space but also supports local farming in densely populated areas.

Largest Bottle Gourd Producing State in India

Bihar is the largest bottle gourd producing state in India, with an average production of around 3.5 lakh tons per year. Its high yields are due to favorable climatic conditions and fertile soil, making it ideal for cultivation. This significant production places Bihar among the top states in India for bottle gourd farming.

Climate and Soil Conditions

Bihar’s climate and soil are highly suitable for bottle gourd cultivation. The state has a tropical to subtropical climate, with hot summers and mild winters. The fertile alluvial soil of the Ganges plains, enriched with organic matter, provides the perfect environment for bottle gourd to thrive.

Major Bottle Gourd Producing Regions

Some of the key regions in Bihar that contribute to its bottle gourd production include:

  • Patna: The capital city and its surrounding areas are known for high-quality bottle gourd cultivation.
  • Muzaffarpur: This region is famous for its fertile land and favorable climate for growing bottle gourd.
  • Bhagalpur: Known for its agricultural activities, Bhagalpur also plays a significant role in bottle gourd production.

Economic Impact

The large-scale production of bottle gourd in Bihar significantly contributes to the state’s economy. It provides employment opportunities to many farmers and workers involved in the cultivation, harvesting, and distribution processes. Additionally, bottle gourd farming supports related industries, such as seed supply and agricultural equipment manufacturing.

Challenges and Future Prospects

Despite its success, bottle gourd cultivation in Bihar faces several challenges:

  • Pest and Disease Management: Farmers need to constantly manage pests and diseases that can affect the yield.
  • Market Access: Ensuring that bottle gourd reaches markets in a fresh state requires efficient transportation and storage facilities.
  • Climate Change: Changing weather patterns can impact the cultivation cycle and yield of bottle gourd.

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India Chairs ‘Colombo Process’ Meeting at Permanent Representative Level in Geneva

India chaired its first meeting as Chair of the ‘Colombo Process’ at the Permanent Representative Level Meeting in Geneva, marking a significant moment in regional migration cooperation. The Colombo Process, comprising 12 Asian member states, focuses on enhancing governance and opportunities for overseas employment. Under India’s leadership, priorities include financial sustainability, membership expansion, and collaboration with regional bodies like the Abu Dhabi Dialogue.

Meeting Overview

At the International Organisation for Migration (IOM) Headquarters, India led discussions on future strategies and outlined a comprehensive two-year action plan. Secretary Muktesh Pardeshi underscored India’s commitment to advancing the Colombo Process goals, emphasizing skill enhancement and partnership building.

Key Priorities

India’s agenda includes

  • Reconfiguring technical collaborations
  • Broadening membership and observers
  • Reviewing financial sustainability
  • Implementing structured chairmanship rotation
  • Engaging with regional dialogues
  • Conducting a regional review of the Global Compact for Migration.

Role of the Colombo Process

Established in 2003, the Colombo Process fosters dialogue among countries of origin in Asia to improve migration management. India’s chairmanship aims to strengthen cooperation for safe and orderly migration, benefiting both migrant workers and regional stability.

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Indian States which Share Border with Nepal

India shares its borders with several countries, including China, Nepal, Myanmar (Burma), Pakistan, Bangladesh, and Bhutan. In terms of area, India is the seventh largest country in the world. This article will provide detailed information about the Indian states that share a border with Nepal.

Historical Background

The border between India and Nepal was established after the Treaty of Sugauli in 1816 between Nepal and the British Raj. After India gained independence from British rule on August 15, 1947, the border took its current form. In 1950, the India-Nepal Peace and Friendship Treaty was signed.

States Sharing Border with Nepal

Here is the approximate length of the border that each state shares with Nepal:

  • Uttar Pradesh: 551 km
  • Uttarakhand: 275 km
  • West Bengal: 100 km
  • Bihar: 726 km
  • Sikkim: 99 km
  • Total: 1,751 km

Uttar Pradesh

Uttar Pradesh is the fourth largest state in India, located in the north-central part of the country.

  • North: Bordered by Nepal.
  • East: Bordered by Bihar.
  • Southeast: Bordered by Jharkhand and Chhattisgarh.
  • South: Bordered by Madhya Pradesh.
  • West: Bordered by Rajasthan, Haryana, and the National Capital Territory of Delhi.

Uttar Pradesh was named on January 26, 1950, when India became a republic. Its capital is Lucknow, with an area of 240,928 sq km and a population of 199,812,341 as per the 2011 census. The state is divided into two regions: the southern hills and the plains of the Ganges. Agriculture is the main occupation, with 66% of the population engaged in farming.

Uttarakhand

Uttarakhand became the 27th state of India on November 9, 2000.

  • North: Bordered by China (Tibet).
  • East: Bordered by Nepal.
  • Northwest: Bordered by Himachal Pradesh.
  • South: Bordered by Uttar Pradesh.

Located in the foothills of the Himalayan mountain range, Uttarakhand is a large mountainous state with an area of 53,483 sq km and a population of 10,116,752 as per the 2011 census. The capital is Dehradun. The state bird is the Himalayan Monal, the state tree is Rhododendron (Buransh), and the state flower is Brahma Kamal. The spoken languages are Hindi, Garhwali, and Kumaoni.

West Bengal

West Bengal is located in the eastern part of India.

  • North: Bordered by Bhutan and Sikkim.
  • East: Bordered by Bangladesh.
  • Northeast: Bordered by Assam.
  • South: Bordered by the Bay of Bengal.
  • Northwest: Bordered by Nepal.
  • West: Bordered by Bihar.

West Bengal was formed on January 26, 1950. It covers an area of 88,752 sq km and has a population of 91,347,736 as per the 2011 census. The capital is Kolkata. The languages spoken are Bengali, Hindi, English, and Nepali. The state animal is the fishing cat, the state bird is the white-throated kingfisher, the state tree is the devil tree, and the state flower is night-flowering jasmine.

Bihar

Bihar is located in the eastern part of India and is a landlocked state.

  • North: Bordered by Nepal.
  • Northeast: Bordered by West Bengal.
  • South and Southeast: Bordered by Jharkhand.

The capital of Bihar is Patna. The state covers an area of 94,163 sq km and has a population of 103,804,637 as per the 2011 census. The main languages spoken are Hindi, Urdu, Bihari, Bhojpuri, Maithili, and Magahi. Approximately three-quarters of the population depends on agriculture.

Sikkim

Sikkim is located in the northeastern part of India and is one of the smallest states.

  • North and Northeast: Bordered by China (Tibet Autonomous Region).
  • Southeast: Bordered by Bhutan.
  • South: Bordered by West Bengal.
  • West: Bordered by Nepal.

The capital of Sikkim is Gangtok. The state has an area of 7,096 sq km and a population of 607,688 as per the 2011 census. The major tribal groups are Bhutia, Lepcha, and Limbu, who speak Tibeto-Burman languages and follow Mahayana Buddhism along with the indigenous Bon religion.

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SBI General Insurance Names Naveen Chandra Jha as New MD & CEO

SBI General Insurance Company Ltd. has appointed Shri Naveen Chandra Jha as its new Managing Director and Chief Executive Officer. He succeeds Shri Kishore Kumar Poludasu, nominated by parent company State Bank of India.

Professional Background

Shri Naveen Chandra Jha brings nearly three decades of experience with State Bank of India, holding various critical roles including Deputy Managing Director and Chief General Manager of Amaravati Circle, Andhra Pradesh, before assuming his new role.

Strategic Vision

Jha aims to leverage his extensive financial industry expertise to drive SBI General Insurance towards greater success, focusing on holistic business strategy, operational excellence, and strategic growth initiatives.

Commitment to Excellence

Known for his emphasis on human resource engagement and customer-centricity, Jha advocates for high service standards and operational quality, aligning with SBI General Insurance’s mission to provide “Suraksha aur Bharosa Dono” to its clients.

Financial Update

In the fiscal year ending March 31, 2024, SBI infused Rs 489.67 crore into SBI General Insurance and allotted ESOP to employees, reducing its stake from 69.95% to 69.11%.

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District of Uttar Pradesh with the Lowest Female Literacy Rate

Uttar Pradesh is the most populous state in India and also has the highest number of districts. Education is spreading across the state, but literacy rates vary by district. In this article, we will explore which district in Uttar Pradesh has the lowest literacy rate among women.

Districts and Population of Uttar Pradesh

Uttar Pradesh is home to 75 districts divided into 18 divisions, which fall under four regions: Western Uttar Pradesh, Purvanchal, Central Uttar Pradesh, and Bundelkhand. The state has a variety of municipal and administrative units, including 200 municipal councils, 17 municipal corporations, 28 development authorities, 5 special area development authorities, and 351 tehsils. According to the 2011 census, the population of Uttar Pradesh was 199,812,341, which has now exceeded 240 million.

Largest and Smallest Districts

The largest district in Uttar Pradesh by area is Lakhimpur Kheri, covering 7,680 square kilometers, while the smallest is Hapur, which spans 660 square kilometers. Ballia is the easternmost district, Saharanpur is the northernmost, Sonbhadra is the southernmost, and Shamli is the westernmost district of the state.

Literacy Rate of Uttar Pradesh

As per the 2011 census, the overall literacy rate in Uttar Pradesh is 67.68%. The male literacy rate stands at 77.3%, while the female literacy rate is 57.2%.

District with the Lowest Female Literacy Rate

The district with the lowest female literacy rate in Uttar Pradesh is Shravasti. Here, only 34.8% of women are literate, making it the district with the least educated female population in the state.

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Paytm Launches ‘Health Saathi’ Plan at ₹35 per Month for Merchant Partners

One 97 Communications Limited, the parent company of Paytm, has introduced ‘Paytm Health Saathi’, an affordable healthcare and income protection plan tailored for its merchant partners. Available through the ‘Paytm for Business’ app, this initiative aims to support the well-being and business continuity of Paytm’s extensive network of merchants.

Key Features of Paytm Health Saathi

Affordable Subscription

Starting at just ₹35 per month, the plan includes unlimited doctor teleconsultations and in-person OPD visits within the Paytm partner network.

Income Protection

Provides coverage against business interruptions due to accidents or natural calamities like floods, fires, or strikes.

Additional Benefits

Discounts on pharmacy purchases and diagnostic tests are also offered through the doctor teleconsultation service.

Streamlined Claims

Claims can be processed conveniently within the app interface, ensuring ease of use for merchants.

Deployment and Impact

  • The pilot phase of ‘Paytm Health Saathi’ commenced in May, with over 3000 merchant partners already benefiting from the plan. Following positive feedback, Paytm has expanded availability to all its merchants.

Corporate Update

  • Paytm’s parent company, One 97 Communications, is currently trading at ₹418.15 per share, reflecting its ongoing financial performance and strategic initiatives in digital payments and financial services distribution in India.

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Ex-Spy Chief Sworn In as New Dutch PM with Mission to Curb Asylum

Former spy chief Dick Schoof is the new Dutch prime minister, leading a right-wing coalition with a focus on implementing the “strictest-ever” immigration policy. Schoof, 67, previously headed the Dutch Secret Service and takes over from Mark Rutte, who served 14 years in power.

Coalition Dynamics and Leadership

  • Geert Wilders’ far-right party, the Freedom Party (PVV), secured five ministerial posts.
  • Wilders stepped back from his own prime ministerial ambitions to maintain coalition stability.
  • Schoof, a former Labour Party member, was chosen as a compromise candidate due to his extensive government experience.

Immigration Policy

  • The coalition’s 26-page agreement, “Hope, Courage, and Pride,” outlines strict asylum and migration policies.
  • Schoof is committed to implementing these policies decisively.

Political and Public Challenges

  • Schoof aims to be a prime minister for all Dutch citizens and maintains independence from Wilders.
  • Managing coalition partners’ ideological and personal conflicts will be a key challenge.
  • Schoof’s past experience includes leading the Dutch investigation into the MH17 disaster.

International Relations

  • The coalition agreement also considers moving the Dutch embassy in Israel from Tel Aviv to Jerusalem.

Rutte’s Legacy

  • Mark Rutte, known for his survival skills in politics, will become NATO’s next secretary-general.
  • His term ended amidst scandals, including wrongful accusations of child allowance fraud and issues related to gas extraction-induced earthquakes in Groningen.

 

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