Citizens' Issues
Maggi ban lifted, fresh tests ordered
The Bombay High Court on Thursday lifted the ban on Nestle's flagship instant noodle brand Maggi and called for fresh tests within six weeks to again check if it complies with the country's food safety norms.
 
The relief came following a petition filed by Nestle India, challenging the withdrawal and recall order of the Food Safety and Standards Authority of India (FSSAI). The food safety watchdog had passed its orders on June 5, following which Nestle had withdrawn Maggi from the market.
 
A similar order was also passed on Maggi's oats variant.
 
The food safety regulator said tests conducted on a batch of Maggi was found to contain more-than-permissible levels of lead and high quantities of mono-sodium glutamate.

User

Monkey Business
Would you punish a person for having a happy monkey as a pet?
 
Igatpuri nestles on the top of Thal Ghat, on the way from Mumbai to Nashik. Picturesque place, it has a ‘forest’. Many gardens are larger. Yet, it is something; the view of the valley below is breathtaking! At the entrance of the forest is a poster showing a man-eater. No one has seen a live one in decades, or so the keeper says, but there is a caged monkey, friendly to a fault. So why is it in prison?
 
For evidence. The simian is proof that is needed in court to convict its owner. Not for maltreatment, but for possession. 
 
Now, you be the judge. Would you punish a person for having a happy monkey as a pet?
 
One can monkey around as much as one wants. But you can’t keep a monkey on your back. That is asking for trouble, giving meaning to the expression, ‘Get the monkey off your back’.
 
One can keep a dog, a cat, even a horse. A cow, a bullock, a buffalo, a goat or rear sheep.  But some animals are taboo. A monkey is one of them. This is where the Wildlife Protection Act kicks in.
 
There is a list of dos and don’ts. About those that can be around as pets and those that must roam free. Endangered species and dangerous ones are best not kept near, on pain of conviction. THE INDIAN WILDLIFE (PROTECTION) ACT ensures that.
 
Monkeys are not the only ones. The list is wide enough to incorporate just about any and every animal. And birds. And reptiles. And amphibians. And plants and trees and other flora. Also certain types of fish. The positive list is a hundred times shorter. No one would want to keep a rhinoceros in the bedroom or an elephant in the kitchen, much less a snake in the cupboard or an alligator in the swimming pool. But monkeys, parakeets, love birds, butterflies are… oh, soooo cute. Unfortunately, they, too, are a no-no. 
 
The earth is losing something like 3,000 species of flora and fauna every year. Nature’s balance is being upset. Each individual plant and animal has its own use and needs. A break in the chain is an irretrievable loss; it can lead to chaos and any one extinction can lead to a hundred others. This necessitates the need for legislation.
 
India is not the only country to be rigid about wildlife preservation. Gaming licences have been around for centuries. Besides earning revenue, controls allow the seasonal stock to multiply, providing food for all without wastage. At other times, animals were killed, not for sustenance, but for fashion statements. The prime examples were mink coats and rhino horn dagger-handles, snake skin purses and bear tooth talismans. Ivory was for a variety of display pieces as well as intricate carvings and statutes. All unnecessary, except as avoidable status symbols. And monkeys were performing companions.
 
Laws were made to stop the misuse. The laws, though, are sensible, to a great extent. One can kill in self-defence. Having said that, the onus of proof lies on the killer. Medicinal plants can be cultivated under supervision. Till recently, simians and rats were used for medical experiments. Snakes can be quarantined for extraction of venom which is then used for a variety of medical procedures. Certain tribal rights are also protected. What about zoos? While it is often perceived as cruel to confine animals, and especially birds, to restricted areas, open zoos do find favour. Notified parks are places where the animal is king. In India, we have Corbett, Bharatpur, Madumalai, Periyar; places where animals roam free, without fear. 
 
The flip side of the coin. What happens when, instead of too few, there are too many? Elephants in Africa, protected, increased in such large numbers that they invaded farmlands in search of food. Tinkering with natural balances had led to unseen problems. In England, too, royal parks were off limits for stag hunting. Until they became too many. They were then ‘culled’, not killed. Bureaucracy and semantics had come to the rescue!
 

 

User

Nifty, Sensex headed lower – Wednesday closing report
While the market indices may put in a short bounce, the trend is lower
 
We had mentioned in Tuesday’s closing report that Nifty may find a short-term support at 8,420 and that the indices were still weak. The major indices in the Indian stock markets have had a sharp fall of 1%-3% and the downtrend is threatening to continue. A second devaluation of the Chinese yuan today, a plunge in global commodity prices coupled with a depreciating rupee and stalled reforms process dampened sentiments in the Indian equity markets put a further dampner on stocks.
 
 
The negative global and local cues just ahead of the release of key economic data points unnerved investors, forcing the barometer 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE) to plunge 354 points in the day's trade. 
 
The wider 50-scrip Nifty of the National Stock Exchange (NSE) also closed deep in the red. It ended 113 points or 1.33% down at 8,349.45 points.
 
The S&P BSE Sensex, which opened at 27,880.76 points, closed at 27,512.26 points, down 353.83 points or 1.27% from the previous day's close at 27,866.09 points.
 
The Sensex touched a high of 27,883.33 points and a low of 27,479.43 points in the intra-day trade.
 
Analysts observed that the domestic markets remained under pressure due to international cues even as commodity and banking stocks plunged. Profit bookings were widely witnessed in the mid and small cap counters.
 
Investors were also anxious over the Consumer Price Inflation (CPI) and Index of Industrial Production (IIP) data set to be released on Wednesday. 
 
According to Devendra Nevgi, chief executive of ZyFin Advisors, with more parties giving in-principle agreement to GST (goods and services tax), the chances of the bill getting passed in this session remained alive.
 
"There is still hope that the government will be able to pass the GST bill. However it is going to be close as only one day remains for the session to end," Nevgi told IANS.
 
The monsoon session of parliament ends on Thursday, with the fate of key legislations like the GST and the land bill hanging in the balance.
 
Sector-wise, banking, automobile, capital goods, metals and oil and gas stocks came under heavy selling pressure. However, IT, technology, entertainment and media (TECK), consumer durables and healthcare index ended in the green.
 
The S&P BSE banking index plunged by 644.35 points, followed by automobile index which tanked by 494.05 points, capital goods index sank by 370.99 points, metal index receded by 361.63 points and oil and gas index declined by 334.12 points.
 
The S&P BSE IT index zoomed by 292.25 points, TECK index jumped by 107.74 points, consumer durables index rose by 93.95 points and healthcare index gained by 86.25 points.
 
The top gainers and losers in the major indices in the market are given in the table below:
 
 
Among the Asian markets, Japan's Nikkei was down 1.58%, Hong Kong's Hang Seng declined by 2.38%, China's Shanghai Composite Index fell by 1.03%. 
 
 
In Europe, the London FTSE 100 index was down by 1.49%, Germany's DAX Index fell by 3.29%, and French CAC 40 fell by 3.37%.

User

We are listening!

Solve the equation and enter in the Captcha field.
  Loading...
Close

To continue


Please
Sign Up or Sign In
with

Email
Close

To continue


Please
Sign Up or Sign In
with

Email

BUY NOW

The Scam
24 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
Moneylife Magazine
Fiercely independent and pro-consumer information on personal finance
Stockletters in 3 Flavours
Outstanding research that beats mutual funds year after year
MAS: Complete Online Financial Advisory
(Includes Moneylife Magazine and Lion Stockletter)