Tuesday, 8 March 2016

India Agriculture, Food & Nutrition updates - 09March'2016 !

1. Most food labelling in India shows inaccurate representation of the salt that packaged products contain, a major study has found. The research comes at a time when growth in salt-related deaths in the country is surging.

2. India's INR140bn (US$2.8bn) soft drink industry has called on the government to reverse an increase in excise duty (increased from 18% to 21%) on beverages (aerated drinks and packaged water).

3. An infusion of $2 million in Series Seed capital will help Bandar Foods bring increasingly popular Indian flavors to mainstream Americans’ everyday life through modern food technology and platforms, the company announced March 1.

4. To wean away people from tobacco cultivation, the government is giving high priority for remunerative horticulture crops. The government has been implementing the Mission for Integrated Development of Horticulture (MIDH) with effect from 2014-15 that covers fruits, vegetables, root and tuber crops, coconut and cashew, among others.

5. Export of soybean meal during February, 2016 was just 1127 tons as compared to 64,515 tons in February, 2015 showing a decrease of 98% over the same period of last year.

6. The Centre said it has already contracted import of 8,500 tonnes of pulses and the shipments are on the way.  It also said pulse procurement for buffer stock has touched 51,000 tonnes, surpassing the target set for this kharif season.

7. National Bank for Agriculture and Rural Development (Nabard) plans to raise ₹3,500 crore through tax-free non-convertible bonds. “The issue will open on March 9 and close on March 14.

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