-The Economic Times Brands may be spending million to promote an eco-friendly-image, but when it comes to actual sales, organic and 'planet-friendly' products have failed to move cash registers for retailers, whether it's fresh produce, groceries or even clothing. Top food retailers like Future Group, Reliance Retail and Spencer's Retail say sales from organic vegetables, fruit and food products account for less than 2 per cent of total food sales, even three...
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Restuarants, eateries, canteens to require licences from Food Safety and Standards Authority of India to operate-Ratna Bhushan
-The Economic Times Come February 4 and all eateries in the country-from restaurant chains such as KFC and McDonalds to restaurants within hotels like Bukhara and Swagath to even school canteens and corporate cafeterias-will need a 'food business operator' licence from central food authority Food Safety and Standards Authority of India to operate. The authority plans to randomly check food joints across the country after the February 4 deadline for obtaining the...
More »Despite inflation slowing, government is still unable to rein in food prices
-The Times of India The bad news is hidden inside the good news. Seemingly comforting headlines tell us that inflation has hit a three-year low, with wholesale price increases slowing down to 7.2% in December. But the common man will take a hit with prices of food products shooting up by 11.2% - the highest increase in almost two years. Unlike in previous years, when increasing food prices were attributed to...
More »NHRC conference on 'Right to Food' suggests to make National Food Security Bill more comprehensive
-National Human Rights Commission The National Human Rights Commission organized a day-long National Conference on 'Right to Food' in New Delhi today. Addressing it, Mr. Justice K.G. Balakrishnan, Chairperson, NHRC said that the Commission has always been concerned with the issue. Due to it's intervention, there is a lot of improvement now in Kalahandi, Bolangir and Koraput (KBK) Districts of Odisha which reported starvations deaths. The NHRC Chairperson said that there is...
More »Understanding FDI in Retail: What Can Economic Principles Teach Us? -Abhirup Sarkar
-Economic and Political Weekly The recent debate on the acceptability of foreign direct investment in the retail sector in India has been mostly political. It is necessary to look into the pros and cons of FDI in retail from a purely economic point of view. This article identifi es the safeguards that should be undertaken before allowing giant multinationals to function in the country. Abhirup Sarkar (abhirup@isical.ac.in) is with the Indian Statistical...
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