Shrinkflation Subject: Economy Context: To tackle high raw material costs, several fast-moving consumer goods (FMCG) companies in India are downsizing product packets, while keeping the price unchanged. Shrinkflation: In economics, shrinkflation is the practice of reducing the size or quantity of a product while the price of the product remains the same or […]
Draft regulations for the front-of-the-pack nutritional labelling Subject : Economy Context: The Food Safety and Standards Authority of India (FSSAI) has released draft regulations for the front-of-the-pack nutritional labelling (FOPNL) for packaged food companies. Details: It will be voluntary in nature for four years. It proposes to bring in five star ratings on […]
Need to be ready to prevent any ‘black swan’ event, says FM Subject : Economy Context: The FM recently referred to the future of finance as VUCA-volatile, uncertain, complex and totally ambiguous, she also said that one has to think within the available parameters and “be ready to prevent any black swan event”. […]
RBI removes Central Bank of India from PCA framework Subject :Economy Context: The Reserve Bank of India (RBI) recently removed Central Bank of India from its Prompt Corrective Action Framework (PCAF) after the lender showed improvement in various financial ratios, including minimum regulatory capital and net non-performing asset Prompt Corrective Action (PCA) Framework […]
Emerging Market Subject : Economy Context: Uday Kotak has highlighted that India needs to manage inflation and growth well to break out from the EM tag and move towards its goal of becoming a standalone investment destination. Emerging Market: An emerging market economy refers to a country that is in the process of […]
FSSAI Subject : Economy Context: FSSAI registered over 30K cases against food adulterers violating the standards laid down under the FSS Act, 2006 and Regulations in 2021-22 last year. Most common adulteration : Spices, oil and other food items–Artificial colours in red chilli powder, blackberries in black pepper, cheap oil mixed with coconut […]
IBBI and IBC Subject : Economy Context: The Insolvency and Bankruptcy Board of India (IBBI) has amended the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, with the “objective to maximise value in resolution” Amendments: The Committee of Creditors (CoC) can now examine whether a compromise or an arrangement can be explored for […]