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Business Standard
2 days ago
- Business
- Business Standard
FSSAI bans use of '100%' on food labels, says term misleads consumers
The Authority emphasised that such terminology is not only undefined under current regulations but also misleading and likely to create a false impression among consumers Press Trust of India New Delhi The Food Safety and Standards Authority of India (FSSAI) has issued a strong advisory against the use of the term "100%" in food labelling, citing concerns over its potential to mislead consumers. The apex food regulator, in a statement, said it has asked all Food Business Operators (FBOs) to refrain from using the term on food labels, packaging, and promotional content, owing to its ambiguity and potential for misinterpretation within the existing regulatory provisions. In the advisory issued on Thursday, FSSAI highlighted a noticeable surge in the use of the term "100%" across food product labels and promotional platforms. The Authority emphasised that such terminology is not only undefined under current regulations but also misleading and likely to create a false impression among consumers. As per the Food Safety and Standards (Advertising and Claims) Regulations, 2018, the term "100%" is not defined or referenced in any manner under the FSS Act, 2006, or the Rules and Regulations made thereunder. Furthermore, the Sub-regulation 10(7) of the aforementioned regulations strictly prohibits any advertisement or claim that undermines other manufacturers or influences consumer perception in a misleading manner. As per Sub-regulation 4(1), it shall be ensured that the claims must be truthful, unambiguous, meaningful, not misleading and help consumers to comprehend the information provided. The use of the term "100%"whether in isolation or combined with other descriptorsis likely to create a false impression of absolute purity or superiority, FSSAI said and added this could mislead consumers into believing that other comparable products in the market are inferior or non-compliant with regulatory standards. In view of these concerns, all FBOs have been advised to not use the term "100%" on food product labels, packaging, and any form of promotional content. FSSAI said it remains committed to ensuring transparency and fairness in food labelling to protect consumer interests and promote informed choices. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
2 days ago
- Business
- Business Standard
PM Modi to inaugurate development projects worth Rs 48,520 crore in Bihar
The PM, who arrived in Patna on a two-day visit to the state on Thursday, will also address a public rally in Karakat. Press Trust of India Patna Prime Minister Narendra Modi will inaugurate and lay foundation stone of multiple development projects worth over Rs 48,520 crore in Bihar's Karakat on Friday. The PM, who arrived in Patna on a two-day visit to the state on Thursday, will also address a public rally in Karakat. According to an official communication, "The PM will inaugurate, lay foundation stone and dedicate to the nation multiple development projects worth over Rs 48,520 crore in Karakat. Boosting power infrastructure in the region, he will lay the foundation stone for the Nabinagar Super Thermal Power Project, stage-II (3x800 MW) in Aurangabad district worth over Rs 29,930 crore, which will aim at ensuring energy security for Bihar and eastern India". It will boost industrial growth, create job opportunities, and provide affordable electricity in the region, it added. Further, in boost to the road infrastructure and connectivity in the region, the PM will lay the foundation stone for various road projects including the four-laning of the Patna-Arrah-Sasaram section of NH-119A, and six-laning of Varanasi-Ranchi-Kolkata highway (NH-319B) and Ramnagar-Kacchi Dargah stretch (NH-119D), and construction of a new Ganga bridge between Buxar and Bharauli. These projects will create seamless high-speed corridors in the state along with boosting trade and regional connectivity. He will also inaugurate the four laning of Patna-Gaya Dobhi section of NH 22, worth around Rs 5,520 crore and four laning of the elevated highway and grade improvements at Gopalganj town on NH 27, among others. Besides, the PM will dedicate to the nation the third rail line between Son Nagar - Mohammad Ganj worth over Rs 1,330 crore, among others, it added. The PM on Thursday inaugurated the new terminal building of Patna Airport and laid the foundation stone for a new civil enclave at the Bihta airport on the outskirts of the city. The new passenger terminal at Jay Prakash Narayan International Airport in Patna was built at a cost of Rs 1,200 crore, while the civil enclave at the Bihta airport will be developed at Rs 1,410 crore. "It will be a historic day for Bihar as the PM will inaugurate, lay the foundation stone and dedicate to the nation multiple development projects worth over Rs 48,520 crore at Karakat on Friday. The PM's visit has energised party workers in the state ahead of the coming assembly polls", Bihar BJP spokesperson, Neeraj Kumar told PTI on Friday. The PM also led a massive roadshow in Patna on Thursday evening, which began from outside the Aranya Bhawan near the airport and concluded at the state BJP office, around 4 km away. The journey took more than an hour as the PM's vehicle moved at a snail's pace. Thousands of people gathered on two sides of the road and on rooftops to catch a glimpse of Modi, who greeted them from his car with folded hands and a wave. The PM on Thursday also gave the mantra for victory in the upcoming assembly polls to BJP leaders of the state. He spent close to an hour at the party's Birchand Patel Marg office in Patna in the evening, before heading for a private function at Deputy Chief Minister Vijay Kumar Sinha's residence, from where he retired for the night at the Raj Bhavan. Later, the DyCM, whose son is getting married, shared pictures of the PM at his Strand Road residence on social media, stating that "It was an unforgettable moment for all party workers". (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
2 days ago
- Politics
- Business Standard
UN peacekeeping chief commends India's support for peacekeeping
Under-Secretary-General for Peace Operations Jean-Pierre Lacroix's comments came during a press briefing on Thursday on the occasion of International Day of United Nations Peacekeepers Press Trust of India United Nations India is a very important supporter of peacekeeping, including its support for various efforts such as its lead on efforts to ensure accountability for crimes against peacekeepers, the UN's top peacekeeping official has said. Under-Secretary-General for Peace Operations Jean-Pierre Lacroix's comments came during a press briefing on Thursday on the occasion of International Day of United Nations Peacekeepers. He had visited New Delhi to attend the first-ever Conference for Women Peacekeepers organised by India on February 24-25. Yes, I really wanted to go to New Delhi and to that conference, Lacroix said in response to a question by PTI about the conference and his assessment of it. First of all, because India is a very important troop and police contributing country. It's also a very important supporter of peacekeeping, beyond the important contribution of men and women from India, but also in terms of supporting various efforts. I'm thinking in particular, but there are many other examples, of the lead from India on the accountability for crime against peacekeepers, Lacroix said. The Delhi conference with the theme of Women in Peacekeeping: A Global South Perspective' was organised by the Ministry of External Affairs in collaboration with the Ministry of Defence and the Centre for United Nations Peacekeeping (CUNPK). It brought together women peacekeepers from 35 Troop Contributing Countries (TCCs) from the Global South to discuss the evolving challenges in peacekeeping and the critical role women play in advancing peace and security. Lacroix added that the issue of women in peacekeeping has two dimensions. It's more women in peacekeeping, which guarantees a more effective peacekeeping, and it's more empowerment of women through peacekeeping, in terms of the role of women in political processes, their empowerment, making sure that they are part and parcel of all these peacebuilding and peacekeeping efforts, he said. Noting that there is nothing ideological in this, the UN peacekeeping chief said it is just plain realism that women need to be fully involved and participating in all these efforts, and that's why we are continuing our effort to have more women in peacekeeping. Accompanied by Acting Military Adviser of the United Nations Major General Cheryl Pearce at the briefing, Lacroix noted that the world organisation is doing good in terms of the numbers of women peacekeepers although we still have more to do". He added that UN peacekeeping is still having challenges in terms of the formed military units because the resources of member states are not so high. Also, in terms of senior female general, although, thankfully, we have an excellent example of that, he said, referring to Pearce. But yes, we would want to have more senior female generals applying for positions of Force Commander and Deputy Force Commander. It's a work in progress, he said. India is the 4th largest contributor of uniformed personnel to UN Peacekeeping. It currently deploys more than 5,300 military and police personnel to the UN peace operations in Abyei, the Central African Republic, the Democratic Republic of the Congo, Lebanon, Somalia, South Sudan, and Western Sahara. India was the first country to deploy an all-women Formed Police Unit to Liberia in 2007. In January 2023, India also deployed an all-women's platoon of peacekeepers as part of its battalion to the UN Mission in Abyei, the single largest deployment of women peacekeepers in recent years. In December 2022, India, during its presidency of the UN Security Council at the time, launched a Group of Friends' to promote accountability for crimes against peacekeepers. India had also announced the launch of a new database designed to record crimes against Peacekeepers and monitor progress in holding perpetrators accountable. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
2 days ago
- Business
- Business Standard
Prestige Estates, Valor Group to develop ₹4,500 cr office complex in Mumbai
The project entails a total leasable area of 1.5 million sq ft and a Gross Development Value (GDV) of about Rs 4,500 crore Press Trust of India New Delhi Realty firm Prestige Estates Projects Ltd has partnered with Valor Group to develop an office complex worth Rs 4,500 crore in Mumbai. In a regulatory filing on Thursday, Prestige Estates said that it has entered into a framework agreement with Valor Estate Ltd and its wholly owned subsidiaries for jointly developing a project on lands admeasuring in the aggregate 21,978.22 square metres at Andheri West, Mumbai. The project entails a total leasable area of 1.5 million sq ft and a Gross Development Value (GDV) of about Rs 4,500 crore. Both Prestige Estates and Valor will have a 50 per cent economic interest in the project. "The company and Valor Group shall jointly develop approximately 1.50 million sq. ft. leasable area commercial office complex on a 50:50 joint venture basis," Prestige Estates said. The company will infuse Rs 504 crore into the SPV (special purpose vehicle), which will be established to develop this project. Bengaluru-based Prestige Estates is one of the leading real estate developers in the country. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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Business Standard
3 days ago
- Business
- Business Standard
Parliamentary panel flags 'ambiguities' in IBC; govt mulls amendments
A parliamentary committee on Thursday flagged 'ambiguities' in the Insolvency and Bankruptcy Code (IBC), with sources stating that the government appears to be in the process of considering amendments to address concerns, according to a report in Press Trust of India. Sources said the recent Supreme Court (SC) judgement rescinding JSW Steel's resolution plan for Bhushan Power and Steel Ltd (BPSL) was also brought up in the deliberations of the Standing Committee on Finance led by Bharatiya Janata Party (BJP) MP Bhartruhari Mahtab, an order which has led to a debate over the efficiency of the insolvency mechanism in place. On Monday, the apex court put a status quo on BPSL's liquidation based on a plea by JSW Steel, as the company argued that the liquidation would be damaging to it, its lenders, and its employees. Corporate affairs secretaries and representatives of multiple banks appeared before the committee on Thursday while its members discussed the agenda of the 'review of working of the Insolvency and Bankruptcy Code and Emerging Issues.' Sources said certain committee members flagged inadequacies, such as delays in the resolution process. It was noted that the preceding panel, headed by Jayant Sinha, had also highlighted certain gaps in the law and recommended changes. The government had accommodated some of the said suggestions in an initial amendment of the law. "We believe that the government is very much in the thick of things as far as addressing the issues related to the IBC are concerned. We got the view that there may be more amendments in the offing," a source said. The source added that the IBC has, on many occasions, served the company and its creditors in distress. "Any law is a dynamic process. It evolves with time," said the source, adding that the IBC, enacted in 2016, has proved helpful in various cases. What is the Insolvency and Bankruptcy Code? Enacted in 2016, the IBC lays down a basic framework for the insolvency and bankruptcy-related resolution of individuals, partnership firms, and corporate entities. The aim of this code is to revive businesses undergoing financial distress in a timely manner, aiding creditors to recover their dues. The central goal of the IBC is the streamlining of the insolvency process, protection of interests of stakeholders involved, and ultimately enriching the efficiency of the Indian economy as a whole.
