Centre asks states to allow manufacture, distribution of packaged foods


The food processing ministry on Thursday sent an advisory to states under a nationwide lockdown to allow manufacturing, transport, distribution and retail of packaged foods and beverages amongst others—a move that’s expected to help companies like PepsiCo, Coke, and Nestle.

Many packaged foods and beverage companies have had to suspend production and distribution of their products due to the lockdown and confusion in what constitutes essential food items.

Pushpa Subrahmanyam, the food processing secretary, said in a communication that in understanding food, the definition of “food” would be as per the Food Safety and Standards Act of 2006 under which any packaged or loose food article would be defined as a food product. As a result, manufacturing, transportation, distribution and retail of packaged foods and beverages, milk and milk products which include bakery and dairy, animal feed, pet food, infant and baby food, tea and coffee, health supplements, nutraceuticals, food for special medical purposes amongst others are all listed for permission.

ALSO READ: What the Rs 1.7 trn economic stimulus package has in store for India’s poor

It of course also includes the other essential products which include fruits and

Fewer hits than misses in FMCG as demand and supply concerns weigh


Even as many sectors are under pressure due to Covid-19, some like fast-moving consumer goods (FMCG) are believed to be in relatively better shape. Factors such as nature of products, likely margin support from lower input costs with a sharp correction in crude oil prices, augur well for the sector. This is why, in the last 10 trading sessions, the index has fallen 1.2 per cent, which is way better than the over 10 per cent fall in the Nifty50 during the same period. However, the road ahead is unlikely to be smooth, as the demand and supply related issues would take a toll on the sector’s overall performance till the June 2020 quarter.

While some segments like hygiene, home care and packaged foods would see demand spurt and rural-focused players could gain from the government’s package for farmers and the poor, the 21-day nationwide announced on Tuesday could have implications on supply chain and overall demand.

ALSO READ: Coronavirus LIVE: Govt stimulus to cover 800 mn Indians amid lockdown

Dhaval Dama, analyst at Equirus Securities says, “A curfew or situation would impact the supply chain process with

Using equity release to fund your retirement 


Funding your retirement is not as easy as it used to be. With workplace pensions on the brink and some of the worst in years, and the increasing living costs in the UK, it can be hard for senior citizens to afford a quality lifestyle.

In comes as no surprise that many pensioners will consider using equity release as a way to extract money from their homes, something that is a £3 billion industry in the UK each year. We investigate below.

How Equity Release Works

Equity release allows homeowners over 55 to release equity and income that is tied up in their home. After paying off most of their mortgage, you can receive up to 35% of the property’s value in one lump sum and tax free. Equity release providers are able to recover their funds by having a stake in your property so that they can claim their share when you die and they gain by the increase in the property’s value over time. (Source: Access Equity Release)

To be eligible, you must have paid off a significant amount of your first mortgage, be over 55 years of age and your house is worth a certain minimum amount

Subscribe Now