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Showing posts with the label Centre

Govt wants 'origin of products' displayed, calls e-commerce firms for meet

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The Department for Promotion of Industry and Internal Trade (DPIIT) has called e-commerce majors, including Amazon, Flipkart,  Snapdeal  and Paytm, for a meeting on Wednesday to discuss the ‘displaying origin of the product’ on these platforms, as anti-China sentiment picks up in the country. This follows the Government e-Marketplace (GeM) platform making it mandatory for its listed sellers to specify the country of origin while registering all new products on the portal. The border stand-off between India and China has sparked a campaign here that is gaining momentum to boycott  Chinese products. The meeting is being organised on a video conferencing platform, according to people in the know. Ministry officials said that this issue has come up earlier and implementation issues for e-marketplaces would be discussed at the meeting on Wednesday. Among other invitees to the discussion are  Pepperfry  and The E-commerce Council of India. Read Co...

Poultry producers cash in on beef slaughter ban as demand for chicken rises

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India's poultry producers are posting record profits as feed costs have dropped to a five-year low and on rising chicken demand after cattle slaughtering restrictions were enacted in the majority Hindu country. Poultry company profits should continue to rise as raw material costs are set to remain depressed and demand rises due to the political fight over cattle slaughtering in India, home to the world's biggest population of Hindus, who hold cows to be sacred, plays out in the courts. On May 31, the Madras High Court in the southern state of Tamil Nadu overturned a government ban on cattle trading for slaughter, an industry dominated by Muslims, but the case is set to go before the Supreme Court. The cattle restrictions have been good for poultry producers as average broiler chicken prices in Mumbai have jumped 47 per cent so far in 2017 to 100 rupees ($1.55) a kg, while corn and soymeal prices, the main chicken feed ingredients, have fallen 7 per cent and 2 per cent...