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This Kerala co-op in the infra sector has become a role model

The ULCCS employs over 12,000 people, saw revenue of Rs 1,100 cr in 18-19, and projects worth Rs 2,700 cr.


Dec 15, 2019, 09.17 PM IST



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    The Nifty FMCG index was trading 0.46 per cent down at 31,145.80 around 10:37 am.

    Founded in Delhi in 2014, the Robin Hood Army operates in 158 cities in nine countries and serves an average of 200,000 people a week — without accepting any money for their services. It has served more than 26 million meals so far. When restaurants tell them they have surplus food, volunteers — who number more than 40,000 — use their own vehicles to pick and distribute the food.

    National Consumer Disputes Redressal Commission noted that passengers have "the right to food, refreshment and accommodation" when they are stuck at the airport waiting for their flight.

    The company plans to scale up these brands from six cities to tier 2 cities in the next year. Barring Khichdi Experiment, other brands include its rice bowl brand Lovemade, North Indian food brand Grandma’s Kitchen and dessert brand FLRT.

    These initiatives include Bigyan, an online platform with articles by scientists in Bengali; The Jigyasa Project, a series of talks on science in Tamil, Kannada and Hindi, organised by the Bangalore Life Sciences Cluster in association with Mandram and Sea of Science, a podcast series with episodes in six languages.

    According to the new order, in first class AC, tea will cost Rs 35, up by Rs 6, breakfast Rs 140, up by Rs 7, lunch and dinner Rs 245, up by Rs 15. In second class AC, third class AC and chair car, tea to cost Rs 20, up by Rs 5, breakfast Rs 105, up by Rs 8, lunch and dinner Rs 185, up by Rs 10. Snacks with regional flavour will be introduced.

    The Netherlands is the second largest exporter of agricultural products in the world (2018: US$ 100 billion) and has vast experience in managing supply chains for fresh vegetables, food and flowers to market destinations all over the world.

    The latest inflation numbers suggest that retail headline inflation, read the overall rise in consumer prices, has gone up beyond the 4% target set up Monetary Policy Committee (MPC). The MPC is mandated to policy-induce a narrow 4-6% range for the retail inflation rate. The CPI has risen at the fastest rate since June last year.

    In India, consumers spend about $500 bn on groceries annually. FarmerMart, with an authorised equity capital of Rs 1,845 crore, will sell items produced locally. Sales will initially be online, although the company can also sell through physical stores.

    High food inflation, however, kept the Wholesale Price Index (WPI) from falling into negative zone. Food inflation increased to 9.8% in October from 7.47% in the previous month.

    Overall, 22 shares were trading in the green in Nifty50 index, while 28 were trading in the red.

    The rupee hit an over two-month low of 72.09 to the US dollar on Wednesday.

    The entity is set to apply for a food retail license and has received board approval for the same during last month’s board meeting held in Singapore.

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