-The New Indian Express Based on the recommendation of the GST Council, the Centre has issued notifications bringing essential commodities including rice and maize under 5% GST slab from July 18. MADURAI: The decision of the Union government to levy 5% Goods and Services Tax (GST) on Packaged food may increase the price of rice by a minimum of Rs 3 to Rs 5 per kg from Monday, Tamil Nadu rice mills...
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Britannia warns of further price hikes -Suneera Tandon
-Livemint.com The company estimates that it will have to increase prices by another 10% this year if spot prices of key commodities persist in the current fiscal NEW DELHI: Biscuit maker Britannia Industries Ltd, said it will have to take “tough calls" and initiate price corrections as inflationary headwinds continue to persist. In the last fiscal, the maker of Good Day biscuits and packaged cheese hiked prices by 10%. Major factors for the inflation...
More »Farm laws scrapped: India’s food processing sector may get hit badly -Arnab Dutta
-BusinessToday.in With all FMCG majors betting heavily on these reforms, their sourcing and expansion plans may now be impacted severely. The abrupt change in the government’s stance on the three controversial farm laws may have far-reaching implications for the country’s food processing sector that involves leading fast-moving consumer goods (FMCG) majors and a market larger than Rs 2.6 lakh crore. With the farm laws are now set to get revoked, a slew of...
More »Packaged sugarcane juice to hit the shelves -Virendra Singh Rawat
-RuralVoice.in Kanpur-based National Sugar Institute (NSI) is working on a novel technology to safely package pure sugarcane juice without the use of preservatives. For this purpose, the NSI has signed an MoU with the Central Food Technological Research Institute (CFTRI), a CSIR laboratory. Lucknow: Sugarcane juice is one of the most refreshing energy drinks, especially in summers; yet highly undersold and undervalued as well. The good news is this matrix may well change...
More »Stop compulsory food fortification: Health activists write to FSSAI
-GaonConnection.com The Indian government is considering ‘mandatory’ food fortification in the country. Several health experts have written to FSSAI calling the decision ‘a blanket approach’ to meet the complexity of malnutrition in the country. Details here. At least 170 people and organisations, including medical experts and nutritionists, have today, on August 2, written a letter to Ashok Kumar Mishra, the assistant director of Food Fortification Resource Centre, department that regulates food under...
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