The Morning Wrap: Government Moots Life Imprisonment In New Consumer Protection Bill; Nestle Posts First Loss In 17 Years

30/07/2015 7:48 AM IST | Updated 15/07/2016 8:25 AM IST
Maggi noodles is a brand of instant noodles manufactured by Nestlé. One of my favorite dish since childhood! Another shot for the Weekly theme: "Food"

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Main News

Weeks after the ban on Maggi, the cabinet has approved a consumer protection bill that, if it became law, can impose potential life imprisonment and allow class action law suits to be initiated for unfair trade practices and infringement of food-safety standards.

For the first time in 17 years, fast-moving consumer goods (FMCG) major Nestle India on Wednesday reported a loss of Rs 64 crore during the April-June quarter, against a profit of Rs 288 crore from a year ago, as sales took a hit after the Maggi ban.

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Off The Front Page

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