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GST relief on lease rights may boost industrial realty

In a significant relief to businesses and industrial players, the Gujarat High Court has recently exempted the assignment of leasehold rights in Gujarat Industrial Development Corporation (GIDC) plots from Goods and Services Tax (GST). The Court held that such transactions do not qualify as a “supply of services” under GST, thereby making them non-taxable. Read More

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Chouhan urges States to boost efforts under National Mission on Edible Oils – Oil Palm

The Minister of Agriculture and Farmers’ Welfare Shivraj Singh Chouhan has urged all States to intensify their efforts under the National Mission on Edible Oils – Oil Palm (NMEO-OP). This mission serves as a cornerstone of India’s vision to achieve self-sufficiency in edible oil production, reduce dependence on imports and enhance farmer incomes. Read More

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FDA Announces Food Contact Notifications for 35 PFAS are No Longer Effective

As of January 6, 2025, the U.S. Food and Drug Administration (FDA) has announced that the food contact notifications (FCNs) for 35 per- and polyfluoroalkyl substances (PFAS) are no longer effective, due to the abandonment of their uses by industry. The 35 FCNs had previously authorized food contact substances used for grease-proofing coatings applied to paper and paperboard packaging to prevent leaking of oil and water. Read More

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Tate & Lyle & BioHarvest announce partnership to drive the future of ingredients through botanical synthesis technology

Tate & Lyle plc, a world leader in ingredient solutions for healthier and tastier food and beverages, and BioHarvest Sciences (BioHarvest), leaders in botanical synthesis, announce a pioneering new partnership to develop the next-generation of proprietary plant-based molecules to address increasing consumer desire for affordable, nutritious and more sustainable plant-derived food and beverage ingredients. Read More

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