The South Indian Organised Retailers Association (ORA) is gearing up to seek the intervention of the central government concerning the business practices of POCO, a sub-brand of Xiaomi, the news agency PTI reported. The association alleges that the cell phone manufacturer is deliberately avoiding supplying phones to mainline channels. In its statement, the ORA asserts […]
Food safety regulator The Food Safety and Standards Authority of India (FSSAI) has advised food service establishments to adhere and display calorific value, allergen, and nutritional information in foods they serve as per mandated rules. After receiving representation regarding the misinterpretation of the display of information, it has written to commissioners of food safety across […]
In anticipation of the upcoming operationalisation of online stock monitoring from 15 April 2024, the government has issued a warning against forward trading, a practice known to distort the market, to ensure sufficient supplies of pulses in the country. According to an official statement, Consumer Affairs Secretary Nidhi Khare has taken proactive steps to ensure […]
The Ministry of Commerce and Industry has issued a directive to all ecommerce platforms to remove Bournvita and similar drinks from the “Health Drinks” category following an inquiry by the National Commission for Protection of Child Rights (NCPCR). The commission, constituted under the Commission for Protection of Child Rights (CPCR) Act, 2005, concluded that there […]
The commerce ministry is anticipated to request a five-year extension for the Interest Equalisation Scheme for exporters, rather than a short-term extension when the current period expires on 30 June. According to a senior official, the scheme has been particularly beneficial during periods of high interest rates. Under the interest equalisation scheme, exporters receive an […]
Highlighting India’s growth in digital transactions, External Affairs Minister S Jaishankar on Wednesday said that while India does transactions worth Rs 120 crores in a month, the US does only worth Rs 40 crores in a year. The EAM further said that while some countries have doubts about the efficiency of democracy, India has shown […]
The financial industry supported this move and said it is a progressive step to boost the adoption of interoperable cash deposits Launched in 2016, India’s UPI payment has become an essential part of every individual, especially for retail digital payments in India, and its adoption has noticed rapid growth. Keeping its huge progress in mind, […]
Anita Praveen, Secretary, Ministry of Food Processing has emphasised the pivotal role of research and development (R&D) in propelling the Indian food processing sector to greater heights. Speaking at the FICCI Scientific Symposium on ‘Processed Foods for Purpose’, Praveen highlighted the sector’s significant potential for growth and its status as a priority area within India’s […]
Tech giant Apple has launched an appeal against a decision by the US International Trade Commission (ITC) to ban imports of certain Apple Watches, following a patent dispute with medical technology company Masimo. In a filing to the US Court of Appeals for the Federal Circuit, Apple said that the ITC’s ruling was flawed due […]
India has extended the timeline for duty-free imports of yellow peas by two more months until June 2024, an official notification from the Directorate General of Foreign Trade said on Friday. In early December, the central government allowed duty-free imports of yellow peas until March 2024, later to be extended till April. It was part […]
