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organic-food-industry-picks-up-pace-in-india

Organic food industry picks up pace in india

New Delhi, Feb 04 (ANI): Being natural and chemical free, are the two aspects which people in India look for their eating habits today...Same is the case for Amit and Mridhu Mahajan, who believe that organic market has come a long way, developing its space in the national market. Their store 'Nirvaaha' is one such stop which offers variety of organic vegetables, pulses, spices, cooking oils and other organic products. They believe that the trend of health consciousness among consumers has led to bring upsurge in the organic food sector. With variant income groups and region of the country, consumers for organic food products are increasing day by day with their acute awareness from health hazards of chemicals and pesticides. Organic food market, which was considered as a niche segment by the Indian consumers, has now transformed into full-fledged industry with high growth potential. It has shown a growth at a CAGR of 30.7 per cent over the period of FY'2009-FY'2014. And, according to the recent report released by ASSOCHAM, the organic food market is estimated to rise from 402 million USD to 965 million USD in 2016. Feb 4, 2015
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World Bank team reviews Sarnath to boost tourism in Uttar Pradesh

Sarnath, Feb 03 (ANI): A team of specialists from the World Bank arrived in Sarnath city of Uttar Pradesh to inspect the area as part of state government's programme to boost tourism at the pilgrimage site. The team, which is on a two-day visit, has come to help and suggest the government in order to develop the area and boost tourism. Sarnath, located at about 10 km from holy city of Varanasi, is the place where Buddha chose to deliver his first sermon. One of the members of the visiting team, Geetanjali said the team has come to review the area and explore the possibilities of integrating other areas to generate income for the locals. The major priority is to chalk out a development plan by inspecting the main areas. The team would visit the local village areas to understand the livelihood opportunities linked with tourism and inspect the zoo and traffic system of the area. Feb 3, 2015
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India needs 'predictable' tax regime, says Jayant Sinha

New Delhi, Jan 29 (ANI): India needs a 'simple, predictable and fair' tax regime to restore foreign investor confidence, said Minister of State for Finance Jayant Sinha on Thursday. On Wednesday, the Bombay High Court dismissed a tax notice amounting to Rs 3,200 crore sent against Vodafone, ruling that there is no taxable income on share premium received on the issue of shares. After the ruling, the Centre decided to not appeal against the judgement, however stressing that while many cases are currently sub-judice, every case has to be looked at differently. Jan 29, 2015
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