NITI aayog is the government’s apex think tank body.
NITI aayog has commissioned a study that seeks to examine the unintended economic consequences of judicial decisions that have hindered and stalled big ticket projects on environmental grounds.
A perusal of the document appears to suggest that judgements that negatively impact major infrastructure projects don’t adequately consider the economic fallout of such decisions.
This study is aimed at persuading the judiciary and policy makers to consider economically responsible approach.
# FSSAI caps transfat
The Food safety and standards authority of India (FSSAI) has announced its rules to cap trans fatty acids (TFAs) in food products.
The FSSAI had also tightened the norms for oils and fats last month.
Food products in which edible oils and fats are used as an ingredient shall not contain industrial trans fatty acids more than 2% by mass of the total oils/fats present in the product.
In December, the FSSAI had capped TFA’s in oils and fats to 3% by 2021 and 2% by 2022 from the current levels of 5%.
# Second dose of vaccines
India will begin to administer the second dose of covid-19 vaccines from february 13 for the people who were vaccinated on january 16.
Health secretary Rajesh Bhushan asked the states to schedule all health care workers for vaccination at least once before march 6.
A total of 12 states and UTs have achieved 60% or more vaccination coverage of healthcare workers.
# Mills association
The Southern India mills association has sought a rollback of the 10% customs duty on cotton imports announced in the union budget.
The mills association said it would escalate the cost of garments and result in higher import of garments especially from countries such as bangladesh and srilanka.
India imports mainly extra-long staple (ELS) cotton. The production of these varities is either nil or meagre in India.
# India’s internet start ups
India’s internet start ups that operate businesses ranging from food delivery to e-commerce to online insurance, are now on the cusp of listing.
More than $60 billion has been invested in India’s internet start ups in the past 5 years.
This research has been published by HSBC global research.
India has 42 unicorns (firms with $1 billion valuation) and more than 45 sonicorns (potential to become unicorns).