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economictimes.indiatimes.com / 1 year ago
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livemint.com / 1 year ago
Food processing ministry to give financial support for 100 new food testing labs: Minister Ravneet Singh Bittu
Ravneet Singh Bittu on Saturday said the Ministry of Food Processing Industries will provide financial support for the establishment of 100 new NABL-accredited food testing laboratories across India in the 2025-26 financial year. Bittu, who inaugurated a food testing laboratory at Maharaja Ranjit Singh Punjab Technical University in Bathinda district, highlighted the critical role of food testing in ensuring food safety.
«Food testing is vital for ensuring that food products meet safety standards and are free from harmful contaminants and pathogens,» Bittu said in a statement.
The initiative is part of the government's broader plan under the Pradhan Mantri Kisan Sampada Yojana (PMKSY), which has allocated Rs 503.47 crore for 205 laboratory projects.
Of these, 169 projects have already been completed, with Rs 349.21 crore disbursed. These labs play a crucial role in meeting the requirements of major regulatory bodies such as the Food Safety and Standards Authority of India (FSSAI), the Export Inspection Council of India (EIC), the Agricultural and Processed Food Products Export Development Authority (APEDA), and international agencies like the USFDA and EU regulations.
Farmers and producers in sectors such as citrus fruits, green peas, cauliflower, carrots (both fresh and frozen), milk and milk products, basmati rice, wheat, millets like bajra and sorghum, mustard and sunflower oilseeds, and farm-produced shrimp will benefit from these state-of-the-art facilities, said Bittu, who is the Minister of State for Railways and Food Processing Industries.
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These laboratories help ensure compliance with global standards, support exports, and improve the overall quality of food products, ultimately contributing to
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How chronic illness became a starting point for artistic alchemy for Koshy Brahmatmaj
Subscribe to enjoy similar stories.Pain is invisible; the sufferer has to make noise for it to be acknowledged, treated or accepted. Mumbai-based artist Koshy Brahmatmaj, 34, lives with chronic endometriosis, a painful condition that afflicts millions of women around the world.
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Even at $5 trillion, Nvidia is underappreciated
Subscribe to enjoy similar stories.Nvidia is no longer the only AI chip game in town. But it is the largest by far, and the likelihood that it will be that way for the foreseeable future should count for something.It hasn’t counted for much lately.
21.05 / 10:17
markets
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RK Swamy bets on integrated advertising model as global agency giants split media and creative
Subscribe to enjoy similar stories.Homegrown advertising group RK Swamy Ltd is betting on its integrated marketing model to drive growth over the next few years, combining media, creative and other advertising services even as the ‘Big Four’ agency networks increasingly separate those businesses.“We never did disaggregated media and creative [although] that was an option 20 years ago,” Shekhar Swamy, MD and group CEO of RK Swamy Ltd told Mint in an interview.“How can you disaggregate the two? The media function holds a lot of data, and then when media and creative walk separately, it creates a lot of tension. This is not a sensible model for a client.”RK Swamy’s clients include Magicbricks, Polycab, and several government institutions and PSUs such as LIC.The company reported a 15% jump in annual revenue for FY26 to ₹351.73 crore, while profit before tax and exceptional items rose 30% year-on-year to ₹32.2 crore.
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21.05 / 09:47
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FPIs exit Korea & Taiwan: Is India ready for the flow rotation?
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PI Industries’ weak core business keeps investors on edge
Subscribe to enjoy similar stories.PI Industries stock has fallen 11% over the past two trading sessions as pressure in its custom synthesis and manufacturing (CSM) business persisted. CSM revenues have now declined year-on-year for five consecutive quarters. The segment, which contributed about 75% of the agrochemicals maker’s FY26 revenue of ₹6,714 crore, saw revenue fall 16% year-on-year.Weak demand and customers’ shift to just-in-time procurement continued to weigh on the CSM business, where revenue declined 15% in the March quarter (Q4FY26), though that marked an improvement from the 32% drop in Q3FY26.Management said the global crop-protection market remains stuck in a prolonged multi-year downturn, resulting in an uneven recovery.
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Forensic audits support corporate-fraud probes and IBC cases but still lack enforceable standards
Subscribe to enjoy similar stories.Forensic audits have gained significance in today’s world of business as they serve as a useful tool for commercial lenders to investigate fraud by borrowers and/or identify other deep-seated financial irregularities. Forensic auditors are also employed by resolution professionals to report on preferential, undervalued, fraudulent and extortionate (‘PUFE’) transactions for adjudication under India’s Insolvency and Bankruptcy Code (IBC). While there is no single universal definition, several globally recognized organizations have provided widely accepted definitions (and norms) of forensic auditing.
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