Business
Delay in FSSAI finalising front of pack labelling rules unusual by its own norm – The Times of India
While the Food Safety and Standards Authority of India (FSSAI) has claimed in the Supreme Court that the framing of front-of-pack labelling (FOPL) regulations would take longer and sought more time, a look at several regulations framed by the authority in the last ten years shows that the average time taken to frame one or make amendments to existing ones has been about two years. In the case of the FOPL, the process has been dragging on for about a decade.After framing guidelines in 2014 which included front-of-pack labelling specifying how much fat, sugar or salt a packaged food contained, when the FSSAI put it in the public domain in 2015, it had stated that the guidelines would be “converted into regulation in due course after following the process of inviting suggestions and comments, suggestions etc. from various stakeholders”. FSSAI put out the draft Food Safety and Standards (Labelling and Display) Regulations, 2018 in public domain in April 2018. However, since then there have been half a dozen stakeholder consultations and more drafts put out, but no regulation in sight yet.In response to a public interest petition in the Supreme Court seeking directions to FSSAI to make FOPL regarding high fat, sugar and salt mandatory for packaged foods, the court has been monitoring the process even as the authority has been seeking repeated extensions. In its latest affidavit in court, the FSSAI laid out a long process before the Supreme Court.It told the court that it is “contemplating” a tabular or pictorial representation to reflect high fat sugar or salt on front of pack labelling. It stated that it is a complex matter “requiring further consultation and examination” and hence stakeholder consultation is proposed before deciding on the modalities of FOPL. The latest stakeholder consultation had over 60 food industry and industry association representatives and just two public health experts representing civil society or public health interest.There remain several steps:1. After stakeholder consultations a draft amendment will be prepared2. Draft amendment will be placed before scientific panel (consist of nine eminent food scientists from different government organizations/institutions). Scientific committee comprising of chairpersons of the 21 scientific panels and six independent members, FSSAI and Health ministry “for due consideration”3. To include amendment in the regulation a draft regulation including the proposed amendment/s is placed before the scientific panel concerned4.Recommendations of the scientific panel will be placed before the scientific committee5. On endorsement of the scientific committee it will be placed before FSSAI for approval and if there are substantial changes in the notified draft regulation, another draft regulation will have to be notified6. Once approved by FSSAI, the draft or final regulation is sent to health ministry7. After ministry approval, if it is a draft regulation, it has to be notified in the gazette for public comments giving 60 days’ time and the entire process spelt out above is repeated before it is finally notified.8. In case what the health ministry approves is the final regulation, it has to be sent to the legislative department of the law ministry for vetting followed by approval of the health ministry. The approved final regulation is published in the Gazette of India for implementation.In short, the FSSAI stated in court that the regulation is far from becoming a reality any time soon. However, the longest time FSSAI has taken for framing any of the existing regulations or amendments has been over three years. The only other regulation that the FSSAI has not framed even after seven years is the Food Safety and Standards (Genetically Modified and Engineered Foods) Regulations which have been in the works since 2019.Average time to bring in various regulations/amendments to regulations
| New regulations | Draft notified in the gazette | Put in public domain for feedback from stakeholders | Date of gazette notification | Gap between draft and final notification |
| Food Safety and Standards (Health Supplements, Nutraceuticals, Food for Special Dietary Use, Food for Special Medical Purpose, Functional Food and Novel Food) Regulations, 2016. | Jul 30, 2015 | Sep 11, 2015 | Dec 23, 2016 | 17 months |
| Food Safety and Standards (Alcoholic Beverages) Regulations, 2018 | Sep 5, 2016 | Sep 9, 2016 | Mar 19, 2018 | 18 months |
| Food Safety and Standards (Fortification of Foods) Regulations, 2018 | Dec 23, 2016 | Jan 3, 2017 | Aug 2, 2018 | 19 months |
| Food Safety and Standards (Organic Foods) Regulations, 2017 | Jun 19, 2017 | Jun 22, 2017 | Dec 29, 2017 | 6 months |
| Food Safety and Standards (Advertising and Claims) Regulations, 2018 | Mar 13, 2018 | Mar 23, 2018 | Nov 19, 2018 | 8 months |
| Food Safety and Standards (Packaging) Regulations, 2018 | Mar 19, 2018 | Apr 2, 2018 | Dec 24, 2018 | 9 months |
| Regulation amendments | ||||
| Food Safety and Standards (Contaminants, toxins and Residues) First Amendment Regulations, 2024 | Aug 20, 2020 | Aug 26, 2020 | Oct 17, 2024 | 26 months |
| Food Safety and Standards (Packaging) First Amendment Regulations, 2025. | May 17, 2022 | May 24, 2022 | Mar 28, 2025 | 34 months |
| Food Safety and Standards (Food Products Standards and Food Additives) First Amendment Regulations, 2024. | May 25, 2022 | May 31, 2022 | Oct 21, 2024 | 29 months |
| Food Safety and Standards (Food Products Standards and Food Additives) First Amendment Regulations, 2025 | Oct 31, 2022 | Nov 3, 2022 | Jul 10, 2025 | 32 months |
| Food Safety and Standards (Prohibition and Restrictions on Sales) first Amendment Regulations, 2024 | Apr 27, 2023 | Apr 28, 2023 | Oct 17, 2024 | 18 months |
Business
US consumer price inflation hits 3.8% in April, highest in nearly 3 years as Iran war fuels energy costs – The Times of India
US inflation rose in April to 3.8 per cent as surging fuel costs amid the ongoing Iran-US conflict drove up consumer prices, hitting a three-year high complicating the Federal Reserve’s path on interest rates.Data released by the Labor Department on Tuesday showed the Consumer Price Index (CPI) increased 0.6 per cent in April after a 0.9 per cent jump in March, the biggest monthly rise since June 2022. On an annual basis, inflation accelerated to 3.8 per cent, marking the highest year-on-year increase, since May 2023.Petrol prices in the US are now more than 28 per cent higher than a year ago, according to official data. AAA estimates show average gasoline prices have crossed $4.50 per gallon, roughly 44 per cent above year-ago levels, squeezing household budgets and raising concerns about broader economic fallout.The spike in energy prices follows the escalation of hostilities between the US, Israel and Iran earlier this year. Markets were rattled after Tehran blocked access through the Strait of Hormuz — a critical global energy route that handles nearly one-fifth of the world’s oil and liquefied natural gas supplies.Core inflation, which excludes food and energy prices, remained relatively contained. Core CPI rose 0.4 per cent month-on-month and 2.8 per cent annually, suggesting that higher fuel costs have not yet fully spread across the wider economy.Food prices also edged higher in April. Grocery costs rose 0.7 per cent from March, led by increases in meat prices after a slight decline in the previous month.The latest inflation reading adds to uncertainty for the Federal Reserve, which had earlier been expected to begin cutting interest rates in 2026. Policymakers are now signalling caution amid fears that prolonged geopolitical tensions and elevated oil prices could trigger another wave of inflation.US President Donald Trump has repeatedly criticised the Fed for not lowering borrowing costs faster to support economic growth. Attention is now turning to Kevin Warsh, Trump’s nominee to succeed outgoing Federal Reserve Chair Jerome Powell, whose Senate confirmation is expected this week.Higher fuel costs are also beginning to weigh on corporate America. Appliance maker Whirlpool Corporation said last week that quarterly revenue fell nearly 10 per cent, warning that the war-driven economic slowdown had severely dented consumer confidence.
Business
EBay rejects £41.4 billion GameStop takeover offer
EBay has turned down a 56 billion US dollar (£41.4 billion) takeover move from GameStop, labelling the proposal as “neither credible or attractive”.
GameStop boss Ryan Cohen launched an unsolicited offer of 125 dollars (£92.40) per share – half in cash and half in GameStop stock – to eBay shareholders last week.
However, the online marketplace’s board confirmed on Tuesday that it had now rejected the move.
In a letter, eBay chairman Paul Pressler said it reviewed the offer but believes that eBay is a “strong, resilient business”.
He added: “We have sharpened our strategic focus, strengthened execution, enhanced our marketplace and seller experience, and consistently returned capital to shareholders.
“With its differentiated global marketplace and a clear strategy, eBay’s board is confident that the company, under its current management team, is well-positioned to continue to drive sustainable growth, execute with discipline, and deliver long-term value for our shareholders.”
GameStop, which runs around 1,600 shops around the US, said it started accumulating eBay shares earlier this year and currently has a 5% stake.
Mr Cohen had previously indicated he would take his proposal directly to eBay shareholders if the company’s board rejected the deal.
Business
India’s retail inflation jumps to over one-year high at 3.48 per cent in April – The Times of India
India’s retail inflation rose to a more than one-year high of 3.48 per cent in April from 3.40 per cent in March, driven mainly by higher food prices, according to data released by ministry of statistics & programme implementation on Monday. Food inflation, measured by the Consumer Food Price Index (CFPI), also accelerated to 4.20 per cent in April from 3.87 per cent last month, indicating broader price pressures across household essentials. Meanwhile, inflation in rural areas stood at 3.74 per cent, higher than the 3.16 per cent recorded in urban India.Among key items, silver jewellery recorded the sharpest inflation at 144.34 per cent in April, though slightly lower than 148.42 per cent in March. Gold, diamond and platinum jewellery inflation also remained elevated at 40.72 per cent. Among key food items, tomato prices surged 35.28 per cent year-on-year in April, while potato and onion prices remained in deflation at minus 23.69 per cent and minus 17.67 per cent, respectively. The personal care and miscellaneous goods category recorded the sharpest inflation at 17.66 per cent, while transport inflation remained largely flat at minus 0.01 per cent. India’s retail inflation has now risen for the second consecutive month, inching closer to the Reserve Bank of India’s 4 per cent medium-term target. The RBI last month projected CPI inflation for 2026-27 at 4.6 per cent and warned that elevated global energy prices due to the Middle East conflict, along with possible El Niño conditions affecting the monsoon, could pose upside risks to inflation.
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