commerce ministry – The News Desk

Remove Bournvita from ‘health drinks’ section: Govt to e-commerce websites | India News

13Apr

By adminNo Comments

Business

Remove Bournvita from ‘health drinks’ section: Govt to e-commerce websites | India News

3 min read Last Updated : Apr 13 2024 | 4:05 PM IST The Ministry of Commerce and Industry has asked e-commerce platforms to remove all drinks and beverages, including Bournvita, from the ‘healthy drinks’ category, according to a report in the Moneycontrol. The National Commission for Protection of Child Rights (NCPCR) said that there is no “health drink defined under the FSS Act 2006, rules and regulations as submitted by FSSAl & Mondelez India”. The Moneycontrol reported that a notification, issued by the ministry on April 10, stated: “NCPCR, a statutory body constituted under Section (3) of the Commission for Protection of Child Rights (CPCR) Act, 2005 after its inquiry under Section 14 of CPCR Act, 2005, concluded that there is no health drink defined under FSS...

PLI schemes attracted over Rs 95,000 cr investment till Sep 2023: Centre

It added that of the USD 101 billion worth of total electronics production in 2022-23, smartphones constituted USD 44 billion, including USD 11.1 billion as exports. The production-linked incentive (PLI) schemes for 14 sectors have attracted over Rs 95,000 crore in investment till September this year, an official statement said on Tuesday. According to the Commerce and Industry Ministry, as many as 746 applications have been approved till November 2023 under these schemes. In the Union Budget 2021-22, the government announced an outlay of Rs 1.97 trillion for the schemes. The sectors included electronics, telecommunication, pharma, white goods (AC and LED light components), and textiles. The aim is to enhance India's manufacturing capabilities and exports. ...

Exports decline by 22% to $32.97 billion in June, steepest monthly fall in 3 years

NEW DELHI: India's exports contracted by 22%, the steepest decline in the last three years, to $32.97 billion in June on account of global demand slowdown, especially in the Western markets like the US and Europe. According to the data of the commerce ministry, the trade deficit in June stood at $20.3 billion against $22.07 billion in the same month last year due to a fall in exports and imports. The inbound shipments during the month under review declined by a steep 17.48% to $53.10 billion. Exports in May 2020 contracted by 36.47% when the world was reeling under the impact of the Covid-19 pandemic. Commenting on the numbers, Commerce Secretary Sunil Barthwal said trade sector growth is in the hands of global factors. As the World Trade Organisation (WTO) has projected a slowdown in wo...