Food Industry Current Affairs - 2020
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On January 8, 2020, the Competition Commission of India (CCI) released its report on “Market Study on E-Commerce in India: Key Findings and Observations”. The market study for the report was initiated in April 2019 by CCI.
According to the report, the number of internet users have increased from 445.96 million in 2017 to 665.31 million in 2019. This is the primary reason for the fast growth of the E-Commerce sector in the country.
Key Findings of the Report
- The revenue from the E-Commerce sector is growing at the rate of 51%.
- In July 2018, the number of online transactions in the E-Commerce sector was 1 to 1.2 million per day.
- Between 2016 and 2019, the delivery market places in food industry raised by 90%. Also, the food industry is no longer a metro phenomenon. It grew in non-metro cities as well.
- The online travel booking is growing at 16% since 2016.
- The E-Commerce Sector was established in 2009. However, the sector gained momentum in 2014. In 2017, the sector held 3,500 million USD investment. There are around 4757 E-commerce start-ups in India today in 2019.
- To reduce information symmetry and increase transparency. This will increase competition among the stake holders.
- To set out terms and conditions that will prevent the business users from influencing search ranking.
- To set up a transparent policy on data collection of customers, product rating policies.
Tags: Competition Commission of India (CCI) • Consumer Rights • Data Protection • e-commerce • e-commerce platform
On January 5, 2020, the Indian Council of Medical Research (ICMR) released its report on sugar intake of India. The intake was measured in grams per day. The report was released based on a joint survey conducted by ICMR, NIN (National Institute of Nutrition), Hyderabad and ILSI (International Life Science Institute of India). The study is the first of its kind in the country.
The study says that intake of added sugar in metro cities was 19.5 grams per day. This is lower than the level recommended by ICMR which is 30 gram per day. Though the levels of all the cities were within the threshold, they were so close to the upper limit in certain cities.
According to the study, sugar intake was the highest in Mumbai. Mumbai reported 26.3 g/day followed by Ahmedabad at 25.9 g/day. The other counter parts of the metropolitan cities that have high intakes include Delhi (23.2 g/day), Bengaluru at 19.3 g/day, Kolkata at 17.1 g/day and Chennai at 16.1 grams per day.
The report also stated that the overall intake of sugar by women was more than that of men. Intake of sugar by women was 20.2 g/day and that of men was 18.7 g/day.
In terms of age group, the study says that people belonging to older age group take more sugar than that of the younger population.
The study also measured sugar consumption based in literacy level, community, activity status, occupation.