Ashok Leyland to halt production for up to 15 days in October
New Delhi: After its sales witnessed a major slump in August and September, commercial vehicles major Ashok Leyland on Friday said non-working days for all its plants may range between two to 15 days in October.
Sales of commercial vehicles have been declining since July and Ashok Leyland, one of the largest manufacturers of commercial vehicles, reported a reduction of at least 50 per cent in its sales numbers in September as compared to the same period in 2018.
"We hereby inform you that to align our production in line sales, the company's plants at various locations will be observing non-working days ranging from 2-15 days during the month of October 2019," Ashok Leyland said in a statement filed with the National Stock Exchange (NSE) on Friday.
The company had been announcing non-working days since August citing continuation of sluggishness and contraction in the commercial vehicle market.
The company maintains that the proposed shutdown is part of “corrective actions” are being taken to safeguard the interests of the company.
The decision by Ashok Leyland came days aer the company released its sales figures for the month of September that reported a 50 per cent drop.
Courtesy: www.deccanherald.com
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Karnataka bags second rank in implementing Central crop Insurance scheme
Bengaluru (PTI): The Karnataka government on Sunday said the Union agriculture ministry has awarded it a Certificate of Commendation for securing second rank among 'large states' in the overall performance in implementing PMFBY, a Central Crop Insurance Scheme.
The Chief Minister's Office shared the certificate issued by Muktanand Agrawal, Chief Executive Officer, Pradhan Mantri Fasal Bima Yojana (PMFBY) dated January 14.
According to the certificate, Karnataka achieved the second position for its performance during the Kharif 2024 and Rabi 2024-25 seasons.
The ministry appreciated the efforts of the State Government and its team of officers for the effective implementation of the crop insurance scheme, which aims to provide financial protection to farmers against crop losses.
The PMFBY is a Central flagship scheme designed to support farmers by ensuring timely compensation for crop damage due to natural calamities, pests and diseases, while also encouraging the adoption of modern agricultural practices.
