Companies & Sectors
Nestle's Maggi announces Maggi's re-launch after five months
Nestle India on Monday said it has begun the roll-out of Maggi noodles and that the priority would now be to reach the popular snack to the consumers at the earliest.
 
"The return of Maggi Noodles on the auspicious eve of Deepawali and on the day of Dhanteras is a moment of celebration for all of us," Nestle India chairman and managing director Suresh Nayaranan said in a statement, announcing the re-launch after it was banned on June 5.
 
"Maggi noodles has very special relationships and strong emotional bonds with its consumers across the country and I am confident that our bonds will grow even stronger," Nayaranan said, adding the company has also entered into a pact with Snapdeal for online sales.
 
On June 5, the Food Safety and Standards Authority of India (FSSAI) had ordered a pan-India ban on the company's noodles on the ground that these were "unsafe and hazardous" for human consumption due to presence of lead, allegedly beyond permissible limits.
 
After a five-month legal battle, Nestle said last Wednesday that the "masala" version of Maggi noodles will hit the retail shelves as early as this month having cleared all tests ordered by the Bombay High Court at three accredited laboratories.
 

Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

User

Fortnightly Market View: Weakness Again
A short-term rally is likely but don’t expect any fireworks
 
I  n the previous...
Premium Content
Monthly Digital Access

Subscribe

Already A Subscriber?
Login
Yearly Digital+Print Access

Subscribe

Moneylife Magazine Subscriber or MSSN member?
Login

Yearly Subscriber Login

Enter the mail id that you want to use & click on Go. We will send you a link to your email for verficiation
OROP implementation notification issued
The government on Saturday issued the notification regarding implementation of 'One Rank One Pension' for defence personnel.
 
The government had announced on September 5 the modalities for implementation of OROP. About 25 lakh military personnel are going to benefit from the scheme.
 
According to a defence ministry statement, the pension of past pensioners would be re-fixed on the basis of pension of retirees of the 2013 calendar year and the benefit will be effective with effect from July 1, 2014.
 
Pension will be re-fixed for all pensioners on the basis of the average of minimum and maximum pension of personnel retiring in 2013 in the same rank and with the same length of service. Pension for those drawing above the average shall be protected.
 
Arrear will be paid in four equal half yearly installments.
 
However, all family pensioners, including those in receipt of special/liberalized family pensioners, and gallantry award winners shall be paid arrears in one installment.
 
In future, the pension would be re-fixed every five years, the statement read.
 
"Personnel who opt to get discharged henceforth on their own request will not be entitled to the benefits of OROP. It will be effective prospectively.
 
"The government has decided to appoint a judicial committee to look into anomalies, if any, arising out of implementation of OROP. The Judicial Committee will submit its report in six months," it said.
 
"Detailed instructions along with tables indicating revised pension for each rank and each category, shall be issued separately for updation of pension and payment of arrears directly by Pension Disbursing Agencies."
 
The annual expenditure on OROP would be Rs.8,000-10,000 crore at present and will increase further in future, the statement added.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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)