Skip to main content

FSSAI to align licensing norms with GS

By
 FSSAI to align licensing norms with GST
The Food Safety and Standards Authority of India (FSSAI) is working on amending the registration and licensing regulations for food businesses. It will look at reclassifying food businesses on the basis of their turnover, in a bid to align these norms with GST.
FSSAI CEO Pawan Agarwal said: “We are working on bringing a comprehensive amendment to the licensing and registration regulations for food business operators. The amendments will include classification of licences for food businesses on the basis of turnover in line with GST and MSME norms.”
All food business operators need to register with, or obtain licences from, the authorities at the State or Central level. But small food business operators with a turnover of ?12 lakh, also known as ‘petty food manufacturers’, are only required to register but not obtain a licence.
Agarwal said the FSSAI proposes to raise the turnover limit for ‘petty food manufacturers’ to ?20 lakh in line with the GST norms. In addition, it proposes to reduce the number of kind of businesses (KOB) categories from 17 to eigth categories.
At the same time, FSSAI is also focusing on revamping its existing online portal used by companies to register or apply for licences. “We are now developing a new-generation e-portal which will focus not just on registration and licensing applications but also create a compliance history of food businesses. We will call this portal the Food Compliance System and it will be launched in three to five months,” Agarwal added.
The regulator will look at the company’s track record with regards to compliance with standards and labelling norms before issuing fresh licences through the revamped portal.
In a bid to raise the bar of quality and hygiene at restaurants, the FSSAI is launching a framework for voluntary hygiene rating mechanism. The aim is to promote self-compliance of food hygiene and safety among restaurants and inform consumers about hygiene quality in the eateries, he explained.
FSSAI is exploring the option of hiring a third party agency to do the hygiene ratings for restaurants. It is in the process of training food safety advisers for food businesses to promote self-compliance of food safety norms.It has conducted 800-odd training programmes for food businesses, and The could look at making the hygiene ratings mandatory in a few years.

The Business Standard, New Delhi, 28th March 2018

Comments

Post a Comment

Popular posts from this blog

Credit card spending growth declines on RBI gaze, stress build-up

By
  Credit card spends have further slowed down to 16.6 per cent in the current financial year (FY25), following the Reserve Bank of India’s tightening of unsecured lending norms and rising delinquencies, and increased stress in the portfolio.Typically, during the festival season (September–December), credit card spends peak as several credit card-issuing banks offer discounts and cashbacks on e-commerce and other platforms. This is a reversal of trend in the past three financial years stretching to FY21 due to RBI’s restrictions.In the previous financial year (FY24), credit card spends rose by 27.8 per cent, but were low compared to FY23 which surged by 47.5 per cent. In FY22, the spending increased 54.1 per cent, according to data compiled by Macquarie Research.ICICI Bank recorded 4.4 per cent gross credit losses in its FY24 credit card portfolio as against 3.2 per cent year-on-year. SBI Cards’ credit losses in the segment stood at 7.4 per cent in FY24 and 6.2 per cent in FY23, the...
Post a Comment
Read more

SFBs should be vigilant, proactive to mitigate risks: RBI deputy guv

By
  The Reserve Bank of India’s Deputy Governor Swaminathan J on Friday instructed the directors of small finance banks (SFBs) to be vigilant and proactive in identifying emerging risks in the sector.Speaking at a conference for directors on the boards of SFBs, Swaminathan highlighted the role of governance in guiding SFBs towards sustainable growth with stability. He also emphasised the importance of sustainable business models.Additionally, he highlighted the need for strengthening cybersecurity to protect the entities against digital threats and urged for a stronger focus on financial inclusion, customer service, and grievance redressal to ensure a broader reach of banking services.Executive Directors S C Murmu, Rohit Jain, and R L K Rao, along with other senior officials representing the Supervision, Regulation, and Enforcement Departments of the RBI, also participated in the conference.   -  Business Standard  30 th  September, 2024
Post a Comment
Read more

Brigade Hotel Ventures files draft papers with Sebi for Rs 900 crore IPO

By
  Brigade Hotel Ventures Ltd, owner and developer of hotels in South India, has filed draft papers with capital markets regulator Sebi to raise Rs 900 crore through an initial public offering (IPO).The proposed IPO is entirely a fresh issue of equity shares with no Offer-for-Sale (OFS) component, according to the draft red herring prospectus (DRHP).Proceeds from the issue to the tune of Rs 481 crore will go towards payment of debt, Rs 412 crore will be allocated to the company and Rs 69 crore to its material subsidiary, SRP Prosperita Hotel Ventures Ltd.Additionally, Rs 107.52 crore will be used to purchase an undivided share of land from the Promoter, BEL, and the remaining funds will support acquisitions, other strategic initiatives, and general corporate purposes.The company may raise up to Rs 180 crore through a Pre-IPO Placement.   If the placement is undertaken, the issue size will be reduced.Brigade Hotel Ventures Ltd is a wholly-owned subsidiary of Brigade Enterprises ...
Post a Comment
Read more