The Ministry of Consumer Affairs, Ministry of Food and Public Distribution and Ministry of Health and Public Welfare have mandated the Food Safety and Standards Authority of India (FSSAI) to prepare a detailed plan to upgrade the storage facilities of the Food Corporation of India (FCI) in order to strengthen food grains stock of Indian Government. Tenders were floated by the Govt. inviting the business owners and companies for the construction of Steel Silos with 1.3 MT (Metric Tons)capacity of wheat storage. The Govt. also plans to use Information Technology for gradation of Food grains storage facilities in India. The private sector has also taken this opportunity with open arms and various agreements have been entered with the Pvt. sector for the construction of Steel Silos. The govt. aims to upgrade the traditional Godowns for storage of food stock by maximum utilization of the existing space.
As far as the storage of rice is concerned, the govt. is considering the technology which can be used for storage and transportation of rice in bulk quantities because large Steel silos cannot be built because rice storage needtemperature-controlled conditions and it cannot be stored for a long period of time. The main objective of the Govt. is the efficient transportation of food grain between FCI godowns, fair price shops and state governments.
Extended producer Responsibility deals under E-Waste (Management and handlings) Rules 2011, wherein producers of electrical or electronics equipment, are held accountable to manage such equipment after its “End of life” As per environmental policy, the stated producer has the responsibility for reducing environmental impact and managing the product and their waste, are extended across the whole life cycle of the product
Internal financial controls mean policies and procedures adopted by company for ensuring: • Orderly and efficient conduct of its business, including adherence to company’s policy and procedure. • Safeguarding to company’s assets. • Prevention and detection of frauds and error • Accuracy and completeness of accounting records and • Timely preparation of reliable financial information It includes policies and procedure adopted by the company for ensuring the orderly and efficient conduct of business, including regulatory compliance and prevention and detection of frauds and errors.
Startup India is launched in order to grow Indian economy and attract potential entrepreneurs. Startup India program helps the ease of doing business in India. More than 2,74,798 startups have been recognized as qualified for benefits under the scheme till now. Some of the main benefits of this program include Tax exemption for start-ups for any consecutive three years, reduced fees for trademark and patent registration, a 90-day business closure process and many more
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