Business & Economy
FDA to put more baby
products under scanner
What is India News Service,
Friday, 18 March 2005, 1700 hrs IST
It may have come as a shock to parents across the country when the Maharashtra
Food and Drug Administration (FDA) asked Johnson & Johnson to drop the
mention of "baby" from its products meant for infants.
But J&J's baby products could be just the
beginning. The net to catch products that sell "dreams" will
be cast wider, the FDA Commissioner, Mr A. Ramakrishnan, told Business
Line.
Any product that claims to have properties or
ingredients targeting a specific group should have scientific or medical
evidence backing it up, he said. There have been complaints that the baby oil
causes allergy, so the company should have put a caution label on its products,
he said.
All products that sell dreams, like cosmetics,
will be monitored, he said. An FDA official elaborated that baby products would
first be put under the scanner. And Wipro is also reported to be under the
scanner, he said. Cosmetic companies would follow.
An estimated Rs 200-crore market, the baby care
segment has players such as Wipro, Emami and Dabur, to name a few. But if
cosmetics too were put under the scanner, corporate bigwigs such as Hindustan
Lever Ltd, CavinKare, Emami and Godrej, for example, stand to get impacted.
Rs
300 cr unemployment benefit under ESI umbrella:
The Centre on Thursday announced a Rs 300-crore unemployment
benefit scheme, targeting eight million employees insured with the Employees
State Insurance (ESI) and their 30 million family members.
IOC to supply LNG to Tata chemicals' fertilser plant: Indian Oil corporation has signed a gas sales agreement (gsa) with Tata chemicals limited for supply of regassified
LNG.
Trai
to review access deficit charge: In
less than two months of the new levy regime, that resulted in financial loss of
about Rs 1,700 crore per annum to the two PSUs - BSNL and MTNL, the TRAI on
Thursday came out with another consultation paper to review the existing regime.
India should reduce debt to enhance growth, says IMF:
The country’s total public debt constitutes to be 80 per cent of the gross domestic product.
Govt
mulls schemes to enhance kharif crop production:
In view of unstable Kharif crop production due to erratic Monsoon
for last few years, the Government is planning a mix of steps and schemes ahead
of the summer crop season this year.
Job
quota: GoM to face the 'big 4' from industry: Ten months after promising job
quota for Dalits and tribals in the private sector followed by loads of rhetoric
and shadow-boxing between the two camps, the Manmohan Singh Government is in for
a stiff test as it finally talks to the industry barons bitterly opposed to the
proposal.
Bonds drift further down, call rates easy at 4.55-4.80 pct: Government bonds on Thursday once again drifted downwards on renewed selling after flaring oil prices sparked
inflation.
Zee
TV to air Business Bazigar: Zee
TV's biggest reality show, Business Baazigar has set the ball rolling to find
the most enterprising entrepreneur in India every month. Along with title
sponsor the Aditya Birla Group, the show would be a multi episodic real life
drama series.
FM
indicates rollback of controversial proposals:
Finance Minister P Chidambaram on Thursday gave enough indications
in the Lok Sabha of a roll back of the controversial proposal for tax on cash
withdrawals in banks.
Gene campaign releases study on bt cotton performance in AP:
An NGO on Thursday released a study on the performance of bt cotton in Andhra Pradesh for the 2004-05 season.
Media monitoring body to come under Home Ministry: Home Ministry jammers are
likely to be activated to put an end to hostile television and radio
broadcasts.
CCEA approves msp for jute:
The cabinet committee for economic affairs on Thursday approved Rs 910 per quintal for the msp of td-5 grade of
jute.
Moody's
may upgrade RIL rating: Moody's Investors Service has placed on review for
possible upgrade the Ba2 ratings of Reliance Industries Ltd (RIL).
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