Nestle, PepsiCo, Unilever sell less healthy products in India: Report
New Delhi: A recent report reveals that major food and beverage companies, including Nestle, PepsiCo, and Unilever, are selling less healthy products in low income countries such as India.
According to a global index published by Access to Nutrition Initiative (ATNI), as cited by Business Standard, Nestle, PepsiCo and Unilever were among the companies found to be offering products in low income countries with lower scores on a health rating system.
The non-profit organisation found that across 30 companies, products sold in low-income countries received lower ratings on a star system developed in Australia and New Zealand compared to those sold in high income countries.
The average score was just 1.8 out of 5 for low income countries, while it was 2.3 for high income countries. Products with a score above 3.5 are considered healthy.
Mark Wijne, research director at ATNI, told Reuters that it is clear these companies are increasingly active in the poorest countries, but they are not selling their healthier products there.
“It’s a wake-up call for governments in these countries to be vigilant,” he added.
According to the World Health Organization, over one billion people around the world are living with obesity. The World Bank estimates that 70 percent of individuals who are overweight or obese reside in low-and-middle-income countries.
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K'taka HC rejects Union Bank of India's plea seeking transfer of Valmiki scam probe to CBI
Bengaluru, Nov 13: The Karnataka High Court on Wednesday dismissed a petition by Union Bank of India seeking transfer of the investigation of the alleged scam involving the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Ltd to the CBI.
The petition was heard by Justice M Nagaprasanna, who ruled that Section 35A of the Banking Regulation Act could not be used as grounds for such a transfer. He noted that allowing this could lead to an overreach by banking institutions, potentially undermining the Delhi Special Police Establishment Act (DSP Act).
The case, reserved for judgment on September 30, focused on two main questions: whether the petition should be referred to the Supreme Court under Article 131 of the Constitution, and if Section 35A of the Banking Regulation Act justified seeking a CBI investigation without invoking the DSP Act.
The Karnataka government, represented by senior advocate B V Acharya, argued against allowing the petition, stating that the state police have the statutory authority to investigate the case, and this authority should not be overridden by the central government.
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Acharya emphasised that any dispute between the central and state governments must be addressed by the Supreme Court, not the High Court, as per Article 131 of the Constitution. He added that the RBI's master circular does not grant CBI the power to register or investigate cases, and Section 35A of the Banking Regulation Act does not extend such authority.
Senior Advocate Professor Ravivarma Kumar, representing the state-run Corporation, supported the state's stance.
He argued that the CBI's authority is limited to investigating crimes that are specifically notified and that the bank's plea to transfer the case to CBI was unfounded as the issue lies within the state's jurisdiction.
Attorney General R Venkataramani, representing Union Bank of India, argued for the necessity of transferring the probe to the CBI to safeguard the integrity of the banking system.
He contended that RBI's directions under Section 35A should be interpreted broadly to include CBI investigations, especially in cases involving potential bank frauds.
Venkataramani stressed that banking institutions are crucial to the nation's economic stability, and specialised agencies like the CBI are better suited to handle such sensitive cases.
The illegal money transfer scam involving Corporation came to the fore, after its accounts superintendent, Chandrasekharan P, died by suicide on May 26, leaving behind a note.
After the scam came to light, Congress MLA B Nagendra resigned as the Scheduled Tribes Welfare Minister in June. The ED had in July arrested Nagendra under the provisions of the Prevention of Money Laundering Act (PMLA), and also five other key accused during the investigation. He was released on bail last month.
The ED had said its investigation revealed that under the influence of Nagendra, the account of the corporation was moved to the MG Road Branch (of the bank) without any proper authorisation, where Rs 187 crore, including Rs. 43.33 crore from the State Treasury under the 'Ganga Kalyana Scheme', were deposited without following proper procedures and in violation of government guidelines.
These funds were subsequently siphoned off through multiple shell accounts and converted into cash and bullion. ED investigation also revealed that an amount of Rs 20.19 crore of the diverted funds was used to support a candidate contesting the 2024 Lok Sabha election from the Bellary constituency, as well as for the personal expenses of Nagendra, the federal probe agency has said.
