Legal Landmark, Fintech Diplomacy, and Progress in India

Legal Landmark, Fintech Diplomacy, and Progress in India

Legal Landmark, Fintech Diplomacy, and Progress in India

In a ground-breaking legal development, the Nagpur Bench of the Bombay High Court has made a resounding decision. The Court has nullified the CP Rules, the Selection Committee, and the examination conducted for the selection of Presidents and Members of District and State Commissions. As a result, the 112 appointments of Presidents and Members to these commissions, made by the Maharashtra Government just two weeks ago, have been invalidated.

However, on a more global stage, India’s Unified Payments Interface (UPI) is asserting itself as a key player in strengthening international relationships, particularly with countries like Singapore and the UAE. Jay Shambaugh, the Under Secretary of the US Treasury for International Affairs, has highlighted the proactive efforts of ASEAN countries to integrate their fast payment systems and transition to the ISO 20022 messaging standard.

India is notably at the forefront in fostering bilateral connections between its UPI system and those of other nations. The G20 Payments Roadmap is driving the expansion of payment system connectivity on a global scale. Shambaugh has also drawn attention to ongoing experiments in cross-border central bank digital currencies (CBDCs) and payment systems built on distributed ledger technology.

Shifting gears to domestic affairs, India has experienced a remarkable drop in urban unemployment, with the rate decreasing from 7.6% in the previous year to 6.6% in the second quarter of 2023. This positive trend is credited to the easing of Covid-related restrictions. Notably, data also reveals an uptick in the labor force participation rate, although challenges remain in enhancing female workforce participation.

Lastly, an exceptional milestone has been reached in India with the installation of the first-ever BSNL BTS (Base Transceiver Station) in the Siachen region. Situated at an altitude exceeding 15,500 feet, Siachen is the world’s highest battlefield. This achievement empowers soldiers to maintain crucial communication with their families while serving in this extreme and remote environment.

We extend our profound gratitude to our esteemed readers for their unwavering support. Your encouragement has been instrumental in delivering informative articles. We encourage you to stay engaged, share your feedback, and look forward to our upcoming content, covering a wide array of topics. We eagerly await your ideas and suggestions, which can be shared with us at info@consumer-voice.org. Let’s collaboratively foster a knowledgeable and empowered community.

We wish you an enjoyable reading experience ahead!

Pallabi Boruah

Editor

 

All Editorials

Legal Landmark, Fintech Diplomacy, and Progress in India

In a ground-breaking legal development, the Nagpur Bench of the Bombay High Court has made a resounding decision. The Court has nullified the CP Rules, the Selection Committee, and the examination conducted for the selection of Presidents and Members of District and...

A Historic Moment for India and a Global Commitment to Health

History was scripted when The Constitution (One Hundred and Twenty-Eighth Amendment) Bill, 2023, seeking to reserve 33% of seats in Lok Sabha and state Assemblies for women, was passed unanimously by Rajya Sabha, a day after it sailed through Lok Sabha. The passage of...

Addressing India’s Taxpayer Base and Refunds: A Step Forward

India's tax landscape is showing positive signs of growth and participation, as highlighted by Finance Minister Nirmala Sitharaman. In the fiscal year 2022-23, 2.24 crore individuals out of the total 7.4 crore taxpayers diligently fulfilled their tax obligations,...

Artificial sweeteners aren’t sweet for your health

Let’s start off with something related to our health, shall we? For those of you who choose diet coke or zero-calorie soda as a means to control your weight, there is some concerning information. The World Health Organization (WHO) recently released new guidelines...

Controversies and many more

A recent video on the super high sugar content of Bournvita by a social media influencer went viral. The Mondelez India-owned health drink company dismissed charges of excessive sugar content, calling the video "unscientific" and accusing it of "distorting facts and...

Is India Growing?

The Union Health Ministry is preparing to alter the Cigarettes and Other Tobacco Products Act, a significant step that will require OTT (over-the-top) platforms or streaming services to display health warnings during smoking scenes in motion pictures and Web series...

 ‘India: Growing by leaps and bounds’.

Let's start off on a positive note, shall we? An International Monetary Fund (IMF) official predicted that India would contribute 15% to world growth in 2023. In the approaching year, it is anticipated that China and India will each contribute 50% to global growth...

Some Exciting News

Let’s start off with something encouraging, shall we? According to data made public by the Ministry of Statistics & Programme Implementation (MoSPI), India's retail inflation rate reduced slightly from the previous month and continued to fall below the Reserve...

A New India

Let’s start off with some good news, shall we? According to the most recent monthly Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI) report, consumer sentiment among urban Indians has improved and increased by 1.1 percentage points in December 2022. Amit...

Changing demographics in India

Let’s start off with some good news, shall we? According to the trade group Consumer Electronics and Appliances Manufacturers Association (CEAMA), the Indian Appliances and Consumer Electronics (ACE) market is anticipated to nearly double over the next three years,...

Dynamic subtle changes in India

The Unified Payments Interface (UPI) has changed the country's payment system, thereby promoting economic growth. Since UPI was first launched, life has become easier. UPI is currently accepted everywhere, including by taxi drivers, valet parking services, malls, toll...

Positive Economic Outlook

23 per cent of the world's milk production is contributed by the dairy sector of India. It ranks first across the globe. But the rising cases of the Lumpy Skin Disease have thrown the nation out of gear. The lumpy skin disease is a viral infection commonly occurring...

Plastic Straw Ban On: Fight against Pollution

The Central Government has banned 19 single-use plastic items from July 1, including straws. This ban has led to companies including Dabur India Ltd. and Parle Agro Pvt, racing to replace them with imported paper versions. Of the 380 million tons of plastic produced...

Agneepath and Agniveer: In a Nutshell

In a historic decision by the Union Cabinet, an attractive recruitment scheme for Indian youth to serve in the Armed Forces has been introduced with the name AGNEEPATH. The youth selected under the Agneepath scheme will be categorised as Agniveers. With the...

Cut in Fuel Prices, Subsidy on Cylinders: Easing the Burden

With the announcement by Finance Minister Nirmala Sitharaman of the cut in fuel prices, the citizens of India as a whole heaved a sigh of relief. With the price of petrol coming down by ₹ 9.5, diesel getting cheaper by ₹ 7, it is a sharp cut in central excise duty on...

E-commerce complaints tops list in national consumer helpline

Out of the almost 60,000 odd complaints that reach the central government's national consumer helpline (NCH) every month, about 36% is for e-commerce. In 2020, the national helpline received 6, 54,192 grievances of which 28.5% was e-commerce related issues. Banking,...

Is the Budget 2022 Middle Class Friendly?

The Finance Bill 2022 presented by India's Finance Minister Nirmala Sitharaman on February 1 announced measures for a number of sectors. It aimed at boosting growth amidst growing inflation added with the uncertainties of the Covid-19 pandemic. PM Modi hailed the...

Why India is so cryptic about crypto?

Well, true!  Cryptos have been quite popular in India and now with the imposition of 30% tax on all digital incomes including NFTs (Non-Fungible Tokens) and cryptos made the investors community lose a heart again. My introduction to crypto happened just a few...

The other Covid Effets

When we just thought we are in the endemic stage and the worst is over, we’ve variant, Omicron now. It has hit the world. India too has reported 21 cases so far including 7 in Jaipur, 1 in Delhi, 11 in Maharashtra and 2 in Karnataka as I write this piece. I’m sure the...

Festivals lighted up consumption. But will it last?

Festivals, especially Deepawali, the festival that Indians observe to celebrate the return of Ram from his 14 years of exile reminded us of the triumph of good over evil. Indians across the regions celebrate the day differently, however, the ethos across the country...

Veganism and India

FSSAI’s recent Vegan logo announcement is a remarkable development in the popularity of vegan foods in India. Going by different reports, it comes to a surprising fact that there was a 47% rise in the vegan related searches in the year 2020. The growing interests for...

What can we learn from Olympians?

What can we learn from Olympians?To be resilient should be the first lesson irrespective of what work you are doing. Irrespective of the time and severity, you will be knocked down at some point and the mental strength to bounce back and punch a blow on the "face of...

Reaching the inaccessible

Atul, a boy in grade 5 used to be a bright and talented student until the pandemic began. Due to the closure of schools, he like many of his friends were unable to continue classes and studies. His mother who used to work in a nearby shoe factory had to give up her...

The Vaccination Mirage

There was a popular tweet doing the rounds lately. It said, India’s vaccination drive is like going for a marriage. At first, the groom wasn’t ready for it, then there was no suitable match and then the groom, because of not getting what he wanted, had to settle with...

Why consumption is good

There is an amazing capacity of consumption. I feel, we consumers are the happiest souls when we consume something of our choice. Be it a slice of pizza, driving a newly launched SUV, consuming content (print and digital both or mere a book). The bottom line is- our...

Stories of hope in pandemic

The deadliest is again on us. It is dangerous than ever before, took lives of thousands already and showing no sign of settling soon. Where there are numerous stories floating every day on nonavailability of many healthcare facilities, medicines, oxygen and doctors;...

A Historic Moment for India and a Global Commitment to Health

A Historic Moment for India and a Global Commitment to Health

A Historic Moment for India and a Global Commitment to Health

History was scripted when The Constitution (One Hundred and Twenty-Eighth Amendment) Bill, 2023, seeking to reserve 33% of seats in Lok Sabha and state Assemblies for women, was passed unanimously by Rajya Sabha, a day after it sailed through Lok Sabha.

The passage of the Women’s Reservation Bill marks a monumental milestone in India’s democratic journey. This historic legislation, the first to be cleared by both Houses in the new Parliament building, sends a resounding message of gender equality and empowerment. With 214 votes in favour and none against in the Upper House, the unanimous support reflects the nation’s commitment to ensuring women’s voices are heard more effectively.

In addition to this historic achievement, India has another reason to celebrate. JPMorgan’s decision to include Indian government bonds in its widely tracked emerging market debt index is poised to have a significant economic impact. This inclusion is expected to lead to billions of dollars in investments in India, reinforcing the nation’s position as the world’s fifth-largest economy. The eligible Indian Government Bonds, with a combined notional value of $330 billion, are classified as “fully accessible” for non-residents, further enhancing India’s appeal to global investors.

On the global stage, world leaders have pledged to boost efforts to provide universal health coverage to all people by 2030. At the UN General Assembly, a landmark political declaration was agreed upon, with countries committing to concrete actions and funding to achieve this ambitious health goal. With more than half the world’s population lacking access to essential health services, this commitment is a crucial step in addressing global health disparities and poverty caused by limited access to healthcare.

Moreover, the upcoming Summit of the Future, set to take place in September 2024, presents a unique opportunity to reinvigorate multilateralism and strengthen global governance. UN Secretary-General António Guterres emphasized the importance of this summit in aligning multilateral institutions with the realities of today’s world, emphasizing equity and solidarity.

In a world filled with challenges and uncertainties, these developments demonstrate that collective action, commitment to gender equality, and addressing global health disparities are pivotal to shaping a brighter and more inclusive future for all. As we celebrate these historic moments, let us recognize the power of unity and shared goals in shaping a better world.

As our valued readers, your backing has played a crucial role in bringing informative articles to you. We encourage you to remain actively involved, provide feedback, and look forward to our forthcoming content that will encompass a wide range of subjects. Your ideas and recommendations are eagerly awaited and can be shared with us at info@consumer-voice.org. Together, let’s nurture a community that is well-informed and empowered.

Wishing you enjoyable reading ahead!

Pallabi Boruah

Editor

 

 

All Editorials

Legal Landmark, Fintech Diplomacy, and Progress in India

In a ground-breaking legal development, the Nagpur Bench of the Bombay High Court has made a resounding decision. The Court has nullified the CP Rules, the Selection Committee, and the examination conducted for the selection of Presidents and Members of District and...

A Historic Moment for India and a Global Commitment to Health

History was scripted when The Constitution (One Hundred and Twenty-Eighth Amendment) Bill, 2023, seeking to reserve 33% of seats in Lok Sabha and state Assemblies for women, was passed unanimously by Rajya Sabha, a day after it sailed through Lok Sabha. The passage of...

Addressing India’s Taxpayer Base and Refunds: A Step Forward

India's tax landscape is showing positive signs of growth and participation, as highlighted by Finance Minister Nirmala Sitharaman. In the fiscal year 2022-23, 2.24 crore individuals out of the total 7.4 crore taxpayers diligently fulfilled their tax obligations,...

Artificial sweeteners aren’t sweet for your health

Let’s start off with something related to our health, shall we? For those of you who choose diet coke or zero-calorie soda as a means to control your weight, there is some concerning information. The World Health Organization (WHO) recently released new guidelines...

Controversies and many more

A recent video on the super high sugar content of Bournvita by a social media influencer went viral. The Mondelez India-owned health drink company dismissed charges of excessive sugar content, calling the video "unscientific" and accusing it of "distorting facts and...

Is India Growing?

The Union Health Ministry is preparing to alter the Cigarettes and Other Tobacco Products Act, a significant step that will require OTT (over-the-top) platforms or streaming services to display health warnings during smoking scenes in motion pictures and Web series...

 ‘India: Growing by leaps and bounds’.

Let's start off on a positive note, shall we? An International Monetary Fund (IMF) official predicted that India would contribute 15% to world growth in 2023. In the approaching year, it is anticipated that China and India will each contribute 50% to global growth...

Some Exciting News

Let’s start off with something encouraging, shall we? According to data made public by the Ministry of Statistics & Programme Implementation (MoSPI), India's retail inflation rate reduced slightly from the previous month and continued to fall below the Reserve...

A New India

Let’s start off with some good news, shall we? According to the most recent monthly Refinitiv-Ipsos Primary Consumer Sentiment Index (PCSI) report, consumer sentiment among urban Indians has improved and increased by 1.1 percentage points in December 2022. Amit...

Changing demographics in India

Let’s start off with some good news, shall we? According to the trade group Consumer Electronics and Appliances Manufacturers Association (CEAMA), the Indian Appliances and Consumer Electronics (ACE) market is anticipated to nearly double over the next three years,...

Dynamic subtle changes in India

The Unified Payments Interface (UPI) has changed the country's payment system, thereby promoting economic growth. Since UPI was first launched, life has become easier. UPI is currently accepted everywhere, including by taxi drivers, valet parking services, malls, toll...

Positive Economic Outlook

23 per cent of the world's milk production is contributed by the dairy sector of India. It ranks first across the globe. But the rising cases of the Lumpy Skin Disease have thrown the nation out of gear. The lumpy skin disease is a viral infection commonly occurring...

Plastic Straw Ban On: Fight against Pollution

The Central Government has banned 19 single-use plastic items from July 1, including straws. This ban has led to companies including Dabur India Ltd. and Parle Agro Pvt, racing to replace them with imported paper versions. Of the 380 million tons of plastic produced...

Agneepath and Agniveer: In a Nutshell

In a historic decision by the Union Cabinet, an attractive recruitment scheme for Indian youth to serve in the Armed Forces has been introduced with the name AGNEEPATH. The youth selected under the Agneepath scheme will be categorised as Agniveers. With the...

Cut in Fuel Prices, Subsidy on Cylinders: Easing the Burden

With the announcement by Finance Minister Nirmala Sitharaman of the cut in fuel prices, the citizens of India as a whole heaved a sigh of relief. With the price of petrol coming down by ₹ 9.5, diesel getting cheaper by ₹ 7, it is a sharp cut in central excise duty on...

E-commerce complaints tops list in national consumer helpline

Out of the almost 60,000 odd complaints that reach the central government's national consumer helpline (NCH) every month, about 36% is for e-commerce. In 2020, the national helpline received 6, 54,192 grievances of which 28.5% was e-commerce related issues. Banking,...

Is the Budget 2022 Middle Class Friendly?

The Finance Bill 2022 presented by India's Finance Minister Nirmala Sitharaman on February 1 announced measures for a number of sectors. It aimed at boosting growth amidst growing inflation added with the uncertainties of the Covid-19 pandemic. PM Modi hailed the...

Why India is so cryptic about crypto?

Well, true!  Cryptos have been quite popular in India and now with the imposition of 30% tax on all digital incomes including NFTs (Non-Fungible Tokens) and cryptos made the investors community lose a heart again. My introduction to crypto happened just a few...

The other Covid Effets

When we just thought we are in the endemic stage and the worst is over, we’ve variant, Omicron now. It has hit the world. India too has reported 21 cases so far including 7 in Jaipur, 1 in Delhi, 11 in Maharashtra and 2 in Karnataka as I write this piece. I’m sure the...

Festivals lighted up consumption. But will it last?

Festivals, especially Deepawali, the festival that Indians observe to celebrate the return of Ram from his 14 years of exile reminded us of the triumph of good over evil. Indians across the regions celebrate the day differently, however, the ethos across the country...

Veganism and India

FSSAI’s recent Vegan logo announcement is a remarkable development in the popularity of vegan foods in India. Going by different reports, it comes to a surprising fact that there was a 47% rise in the vegan related searches in the year 2020. The growing interests for...

What can we learn from Olympians?

What can we learn from Olympians?To be resilient should be the first lesson irrespective of what work you are doing. Irrespective of the time and severity, you will be knocked down at some point and the mental strength to bounce back and punch a blow on the "face of...

Reaching the inaccessible

Atul, a boy in grade 5 used to be a bright and talented student until the pandemic began. Due to the closure of schools, he like many of his friends were unable to continue classes and studies. His mother who used to work in a nearby shoe factory had to give up her...

The Vaccination Mirage

There was a popular tweet doing the rounds lately. It said, India’s vaccination drive is like going for a marriage. At first, the groom wasn’t ready for it, then there was no suitable match and then the groom, because of not getting what he wanted, had to settle with...

Why consumption is good

There is an amazing capacity of consumption. I feel, we consumers are the happiest souls when we consume something of our choice. Be it a slice of pizza, driving a newly launched SUV, consuming content (print and digital both or mere a book). The bottom line is- our...

Stories of hope in pandemic

The deadliest is again on us. It is dangerous than ever before, took lives of thousands already and showing no sign of settling soon. Where there are numerous stories floating every day on nonavailability of many healthcare facilities, medicines, oxygen and doctors;...

India’s Remarkable Strides in Space, Education and Economic Reforms

India’s Remarkable Strides in Space, Education and Economic Reforms

India’s Remarkable Strides in Space, Education and Economic Reforms

With the successful landing of India’s Chandrayaan 3 on the Moon’s South Pole, the nation has achieved a significant milestone, solidifying its position as the fourth country to accomplish such a feat. India’s historic landing not only marks its place alongside Russia, the U.S., and China as lunar explorers but also makes it the first to land on the Moon’s South Pole. This achievement underlines India’s emergence as a global space superpower.

Addressing the Indian Space Research Organisation (ISRO), Prime Minister Modi extended his heartfelt congratulations to the scientists, recognizing the groundbreaking accomplishment. He emphasized that this success is not just a triumph for India alone, but a shared achievement for all of humanity. Prime Minister Modi noted that the successful lunar landing marks the beginning of a new era for India, symbolizing the dawn of a resurgent nation.

Shifting focus from the celestial to the scholastic, India’s Ministry of Education has orchestrated a transformative reform in the educational landscape. The unveiling of the National Curriculum Framework (NCF) for school education marks a turning point that promises greater flexibility, student agency, and cultural inclusivity. Education Minister Dharmendra Pradhan’s announcement of aligning textbooks with the NCF 2023 underscores a forward-looking approach that places students at the heart of the learning experience.

This visionary framework not only advocates for a richer academic experience but also recognizes the importance of holistic assessment. By shifting from traditional single-exam assessments to a more comprehensive and continuous evaluation system, India aims to foster genuine understanding, critical thinking, and a love for learning among its students.

Concurrently, a published report presents a projection of India’s economic growth accelerating to 8.5% in the April-June period of the current fiscal year. This considerable upswing exceeding the 6.1% growth rate was observed in the preceding January-March quarter. The report attributes this swift expansion to a supportive foundation and the resilient recovery of the services sector. Despite surpassing the RBI’s prediction of 8.1%, Icra’s chief economist, Aditi Nayar, exercised prudence by foreseeing potential challenges in the latter half of the fiscal year that could moderate this hopeful trajectory.

In both space exploration, economic and educational reforms, India is taking remarkable strides. These accomplishments not only elevate the nation’s stature on the global stage but also contribute to a brighter and more promising future for its citizens.

As readers, your support has been instrumental in delivering informative articles. We invite you to stay engaged, share feedback, and anticipate upcoming content covering diverse topics. We welcome your thoughts and suggestions at info@consumer-voice.org. Let’s foster an informed and empowered community together.

Wishing you enjoyable reading ahead!

Pallabi Boruah

Editor

Related

Addressing India’s Taxpayer Base and Refunds: A Step Forward

Addressing India’s Taxpayer Base and Refunds: A Step Forward

Addressing India’s Taxpayer Base and Refunds: A Step Forward

India’s tax landscape is showing positive signs of growth and participation, as highlighted by Finance Minister Nirmala Sitharaman. In the fiscal year 2022-23, 2.24 crore individuals out of the total 7.4 crore taxpayers diligently fulfilled their tax obligations, contributing to the nation’s progress. While nearly 5.16 crore return filers declared zero tax liability, it is important to note that the number of return filers increased by 6.18% in FY23, indicating a willingness to participate in the tax system.

Over the last four years, the number of individuals filing Income Tax Returns (ITRs) has steadily risen, showcasing a positive trend in tax compliance. In FY22, more than 6.94 crore returns were filed, and it is encouraging to see that even with a substantial 5.05 crore showing zero tax liability, taxpayers are actively engaging with the system.

The growth in India’s gross direct tax collection by 20.33% to over ₹19.68 lakh crore in FY23 is a testament to the nation’s economic resilience and strong revenue generation. Central Board of Direct Taxes (CBDT) Chairman Nitin Gupta’s statement during the Income Tax Day event further bolsters the positive outlook, as he mentioned that 7% of the assesses who filed tax returns this year are new taxpayers. The anticipated increase in new taxpayers by July 31 is a promising sign of expanding the taxpayer base.

Additionally, the recent launch of the ‘CRCS-Sahara Refund Portal’ by Union Minister Amit Shah is making a positive impact. Around 7 lakh investors have already registered on the platform, seeking refunds totalling more than ₹150 crore from Sahara Group’s cooperative societies. This proactive approach follows a Supreme Court order to transfer ₹5,000 crore from Sahara-Sebi refund account to the Central Registrar of Cooperative Societies (CRCS), showing the government’s commitment to addressing investor concerns.

The Union minister also hailed the initiation of the refund process to the investors as a shining example that showcases how any task undertaken proactively can successfully resolve even the most intricate challenges.

In conclusion, India’s tax system is witnessing growth and improvement, with an increasing number of taxpayers participating in the system. The rise in tax collections and the government’s proactive approach to resolving refund issues demonstrate a positive outlook for the nation’s fiscal health and economic progress.

As readers, your support and encouragement have always been instrumental in delivering informative and interesting articles. In the spirit of this, we urge you to continue engaging with our content and providing valuable feedback. In the meantime, stay tuned for more articles covering topics like Two-Wheeler loans, Window Air Conditioner reviews, and more. We welcome your thoughts and suggestions at info@consumer-voice.org.. Together, we can create a more informed and empowered consumer community.

Until then, happy reading!

Pallabi Boruah

Editor

India Takes a Stride towards Tobacco Awareness and Infrastructure Development

India Takes a Stride towards Tobacco Awareness and Infrastructure Development

India Takes a Stride towards Tobacco Awareness and Infrastructure Development

India is making significant strides on the global stage, tackling critical issues and showcasing its potential for growth and progress. Two recent developments have captured attention: the country’s efforts to raise awareness about the dangers of tobacco consumption and its ambitious infrastructure development plans. These endeavours not only reflect India’s commitment to public health and economic advancement but also present opportunities for international collaboration and investment.

Tobacco consumption remains a grave concern worldwide, causing millions of preventable deaths and disabilities each year. India, as the second-largest consumer and producer of tobacco, has taken a significant step towards combating this health crisis. The Union Health Ministry has mandated anti-tobacco warning messages on over-the-top (OTT) platforms, ensuring that online content publishers comply with the new rules. This move aligns with India’s commitment to spreading awareness about the deadly effects of tobacco and marks an important milestone in the country’s fight against tobacco addiction.

In addition to its efforts to promote public health, India is also making significant investments in infrastructure development. Prime Minister Narendra Modi recently announced a record-breaking USD 125 billion investment in various infrastructure projects. PM Modi emphasized that these projects not only have the potential to strengthen India’s growth story but also provide unlimited opportunities for the American corporate community. With India’s emergence as a global leader, the Prime Minister urged American businesses to seize the advantage and become fast movers in this dynamic landscape.

The India-US partnership, according to PM Modi, goes beyond convenience. It is rooted in shared convictions, commitments, and compassion. The groundwork for collaboration between the two nations has been laid by their respective governments, and now the responsibility lies with the corporate sector to embrace the immense possibilities for mutual prosperity. PM Modi’s call to business leaders and philanthropists from both countries highlights the immense potential for cooperation, economic growth, and social impact that this partnership holds.

India’s ongoing initiatives in tobacco awareness and infrastructure development showcase the country’s determination to address critical issues and create a path towards progress. These efforts not only benefit the nation’s citizens but also present opportunities for global stakeholders to contribute to India’s growth story. The collaborative approach between India and the United States sets a positive precedent for international cooperation and paves the way for inclusive development.

As India emerges as a global superpower, these recent developments reflect the nation’s commitment to the welfare of its people and its determination to create a prosperous and sustainable future. With the combined efforts of governments, businesses, and individuals, India is poised to continue its upward trajectory, offering opportunities for global engagement and transformative change.

I hope you have loved reading the editorial and will continue to support us in bringing the best, interesting and informative articles for your perusal. In the meantime, keep reading the articles we have brought you this month. We discuss Health Insurance Policy for Senior Citizens, a review on Water Purifier for your home and many more. Do share your thoughts at info@consumer-voice.org.

Until then, happy reading!

Pallabi Boruah

Editor

Related

Artificial sweeteners aren’t sweet for your health

Artificial sweeteners aren’t sweet for your health

Artificial sweeteners aren’t sweet for your health

Let’s start off with something related to our health, shall we? For those of you who choose diet coke or zero-calorie soda as a means to control your weight, there is some concerning information. The World Health Organization (WHO) recently released new guidelines that highlight the potential drawbacks of sweeteners such as aspartame and stevia. Contrary to their presumed benefits for weight loss, these sweeteners can actually have detrimental effects on health. They have been found to increase the risk of developing type 2 diabetes and cardiovascular diseases. That’s really alarming!

In light of the aforementioned guidelines, the Food Safety and Standards Authority of India (FSSAI) has stated that its scientific panel is currently conducting a comprehensive examination of the matter. There has been a notable increase in the sales of non-sugar sweeteners and products utilizing such sweeteners in India. Renowned brands like Coca-Cola, PepsiCo, Kellogg’s, and Dabur, offering products like Diet Coke, Special K, Pepsi Black, have gained significant popularity among individuals pursuing a healthy lifestyle and aiming to reduce their sugar intake. So, there’s something you need to think about. Maybe it’s time to make some natural changes into your food instead of relying on preservatives, don’t you agree?

The Central Consumer Protection Authority (CCPA) has taken action against five e-commerce platforms for the sale of seat belt alarm stopper clips. The consumer body has directed these online retailers to remove the listings of such clips from their websites. The CCPA discovered that these clips were being openly sold on various e-commerce platforms. Following an investigation, the authority issued orders to Amazon, Flipkart, Snapdeal, Shopclues, and Meesho, instructing them to remove the listings of seat belt alarm stopper clips.

That’s a very good step indeed. However, as consumers, we need to be aware and on the lookout for such violations too.

Germany has entered a state of recession as confirmed by the country’s statistical office, as its economy contracted for the second consecutive quarter in the first three months of 2023. During this period, the gross domestic product (GDP) of Europe’s largest economy declined by 0.3 percent. This comes after a decrease of 0.5 percent in Germany during the final quarter of 2022. In comparison, India continues to maintain its position as one of the world’s fastest-growing economies. The overall growth remains strong, with an estimated 6.9 percent growth for the entire year, and the real GDP growing by 7.7 percent year-on-year during the initial three quarters of the fiscal year 2022/23.  Moreover, India’s economy is expected to grow by 6.7 per cent in the calendar year 2024.  

I hope you have loved reading the one subject editorial and will continue to support us in bringing the best, interesting and informative articles for your perusal. In the meantime, keep reading the articles we have brought you this month. We discuss Personal Accident Insurance, a review on Small Wind Turbine for Home and many more. Do share your thoughts at info@consumer-voice.org.

Until then, happy reading!

Pallabi Boruah

Editor

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