Food Safety and Standards Authority (FSSAI) | Current Affairs | Vision IAS
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Posted 15 Apr 2024

8 min read

Food Safety and Standards Authority (FSSAI)

  • FSSAI has clarified that currently there are no standards for the term “health drink” in the country.

 

  • About FSSAI
    • Established: Under the Food Safety and Standards Act, 2006
    • Ministry: Ministry of Health and Family Welfare
    • Role: Laying down science-based standards for articles of food and regulating their manufacture, store, distribution, and sale.
    • Organizational Structure: It consists of a Chair person appointed by the Centre along with twenty-two members out of which one-third shall be women
  • Tags :
  • FSSAI
  • Food Safety and Standard Authority of India (FSSAI)
  • Food safety regulations

India Post (IP) in Antarctica

  • India Post opened a post office at its Bharati station in Antarctica.
  • The inauguration coincided with the 24th Foundation Day of the National Centre for Polar and Ocean Research (NCPOR), Goa.
  • Earlier, IP had set up post offices at Dakshin Gangotri Station in 1984 and another at Maitri Station in 1990.

 

  • About IP/department of post
    • It comes under the Ministry of Communications.
    • With more than 1,55,000 post offices, it has the most widely distributed postal network in the world.
  • Tags :
  • Antarctica
  • India Post

Special Rupee Vostro Account (SRVA)

  • The government simplified the payment mechanism for pulses import from Myanmar through the utilization of Vostro Accounts

 

  • About Vostro Account
    • A Vostro account is a bank account that other foreign banks hold with “our” bank in the domestic currency i.e rupees.
    • SRVA is an additional arrangement to the existing system that uses freely convertible currencies and works as a complimentary system.
    • Prior RBI approval is required for opening of SRVA
    • These accounts reduce the need for holding foreign exchange reserves and dependence on foreign currencies for bilateral transactions.
  • Tags :
  • SRVA
  • vostro account
  • special rupee vostro account

Shrinkflation

  • Rising input costs have made the fast-moving consumer goods (FMCG) segment to adopt shrinkflation.

 

  • About Shrinkflation
    • It is the practice of reducing the size of a product while maintaining its current retail price. e.g., reducing the number of biscuits or chips in a packet for the same price.
    • It is a form of hidden inflation, which companies adopt to reduce customers' flee due to price rise.
    • Causes: Higher production cost, intense market competition, etc.
  • Tags :
  • Shrinkflation
  • inflation

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