FORTIFICATION (+F) - A Logo for identify essential micronutrients in a food The Food Safety and Standards Authority of India, Ministry of Health and Family Welfare, has issued the Food Safety and Standards (Fortification of Foods) Regulations, 2018 by Notification no.   F. No. 11/ 03/ Reg/ Fortification/2014 on 2nd August, 2018.  Effective date:  1 st January, 2019 Applicability: The Food Safety and Standards (Fortification of Foods) Regulations, 2018 (hereinafter referred to as “the regulation”) shall be applicable on food set out in any regulations, orders, or guidelines issued under the Act except applicable on Nutraceuticals and foods for Special Dietary Uses. About FSSAI: The Government of India enforced the Food Safety and Standards Act, 2006 (“Act") with a view to introducing and surveillance laws relating to food. The Act has empowered the Central government for regulating food laws in India and for the smooth implementation of the Act, rul...

Merge to Form India's 3rd Largest Bank Three state-run banks - Dena Bank, Vijaya Bank and Bank of Baroda - will be merged to create the third-largest bank in the country, the government said on Monday as part of efforts to clean up the country's banking system. The government will continue to provide capital support to the merged bank. The announcement, made by Financial Services Secretary Rajiv Kumar during a press conference with Finance Minister Arun Jaitley, comes as the country's banking sector grapples with non-performing assets or NPAs. The proposal will be sent to the boards of the three banks, which needs to approve it, before any further process, Rajiv Kumar said. He added that the sector needs reforms and the government is taking care of banks' capital needs. Rationalisation of overseas operation in banking sector is in full swing, he said, adding the government is keen to take steps so that history isn't repeated as far ...

Data Analysis- DIR 3 KYC According to data published by “The Times of India”, less than 12 lakh individuals or just over 35% of the 33 lakh “a ctive directors” have complied with the newly mandated know your customer or KYC requirement to be eligible for board positions in Companies. There are (approx.) 21 Lakh Individuals failed to do their KYC within time frame as given and extended by MCA.  The Deadline ended on midnight (Saturday) and the MCA is unlikely to further extend it. Now MCA freeze the DIN of those who do not meet new guidelines. Earlier this year, MCA had mandated the individuals with DINs their KYC with MCA up to 31st August but it was extended to September 15. The move was part of a clean meant to rid several company boards of drivers, domestic helps, and other who were nominated on company board without their knowledge. The deactivated DIN will active only after comply with the registration requirement and pay a fee of Rs. 5000. While close 50 lakh DINs h...