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CBIC Invites Suggestions on Draft ‘Central Excise Bill, 2024’

The Central Board of Indirect Taxes & Customs (CBIC), Department of Revenue, Ministry of Finance, invites suggestions on the draft ‘Central Excise Bill, 2024’ from stakeholders by 26th June 2024. The CBIC has prepared a draft ‘Central Excise Bill, 2024.’ Once enacted, the Bill shall replace the Central Excise Act, 1944. …

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Resurgence of Homeownership: Decline of the “Uberisation” Trend in the Residential Sector

In recent years, the residential sector has witnessed a significant shift away from the “Uberisation” trend, where renting was preferred over owning homes. This trend, which mirrored the disruptive influence of ride-sharing services like Uber in the transportation industry, gained momentum particularly among younger generations who prized flexibility and were …

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FSSAI Bans ‘100% Fruit Juice’ Claims in Advertisements

The Food Safety and Standards Authority of India (FSSAI) has issued a directive mandating all Food Business Operators (FBOs) to remove any claim of ‘100% fruit juices’ from the labels and advertisements of reconstituted fruit juices with an immediate effect. All the FBOs have also been instructed to exhaust all …

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First Meeting of National Level Coordination Committee for World’s Largest Grain Storage Plan

The National Level Coordination Committee (NLCC) for the World’s largest grain storage plan held its maiden meeting in the Ministry of Cooperation, New Delhi on Monday. Secretary, Ministry of Cooperation, Dr Ashish Kumar Bhutani along with Secretary (Agriculture and Farmers Welfare), Secretary (Food and Public Distribution), Secretary (Food Processing Industries), …

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