Products sold in low & middle-income countries have added sugar, finds investigation by Public Eye & IBFAN. Nestlé India says added sugars reduced by up to 30% in past 5 years.
Revenue from operations climbed 18.3% as sales of its chocolates, Maggi noodles & Sunrise and Nescafe brands of coffee rose, helped by robust advertising expenditure.
The government is seeking damages worth Rs 640 crore from Nestle for causing harm to consumers by using unfair trade practices & false labeling for Maggi noodles.
The reach and impact of influencers are so significant that even politicians such as Prime Minister Narendra Modi have recognised their value—the National Creators Award is proof.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
Both the governments expressed their commitment to strengthening their maritime cooperation to strengthen the maritime safety and security framework in the region.
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