Health Ministry approves perpetual validity for FSSAI licences, removes dual licensing norm for street food vendors

Health Ministry approves perpetual validity for FSSAI licences, removes dual licensing norm for street food vendors


Street food vendors registered with Municipal Corporations or Town Vending Committees under the Street Vendors’ Act, 2014 will be considered as deemed registered under FSSAI.
| Photo Credit:
SUPRABHAT DUTTA

The Ministry of Health and Family Welfare has approved the proposal for perpetual validity of registrations and licences obtained by businesses from the Food Safety and Standards Authority of India (FSSAI) to promote ease of doing business. This is among a series of comprehensive regulatory and procedural reforms approved by the Ministry following detailed deliberations with stakeholders and are aligned with the recommendations of the High-Level Committee on Non-Financial Regulatory Reforms constituted by the NITI Aayog.

Earlier, registrations and licences had to be renewed periodically. Under the revised framework, registrations and licences will have perpetual validity, eliminating the need for repeated renewals. “This reform will substantially reduce compliance costs, paperwork and the need for repeated interaction with licensing authorities for food business operators (FBOs), while improving continuity of operations. It will enable regulatory resources to focus more effectively on enforcement, monitoring and capacity-building activities,” an official statement said.

Meanwhile, effective April 1, the turnover threshold for registration will be increased from ₹12 lakhs to ₹1.5 crore, and for State licensing up to ₹50 crore, with Central licensing applicable beyond this limit. “This rationalisation is intended to empower and strengthen the role of State authorities by enabling them to focus more effectively on oversight, facilitation and enforcement of food safety regulations within their jurisdictions,” the statement added.

This wil lead to simpler compliance requirements, reduced paperwork and fees, elimination of pre-inspection, and instant registration for food business operators.

Dual compliance requirements

In a bid to address dual compliance requirements, street food vendors registered with Municipal Corporations or Town Vending Committees under the Street Vendors’ (Protection of Livelihood and Regulation of Street Vending) Act, 2014 will be considered as deemed registered under FSSAI, the statement added. This measure will benefit more than 10 lakh street food vendors by eliminating the requirement for multiple registrations across departments. “The reform will significantly reduce the compliance burden and enable street food vendors to focus on their livelihood, hygiene and business operations,” it added.

A technology-enabled, dynamic risk-based inspection framework has also been put in place to incentivise compliant food business operators and reduce repetitive inspections. Inspections will be carried out based on defined risk factors such as risk associated with the nature of food commodity, past compliance record of the food business operator, performance during third-party audits, and inputs from enforcement and surveillance activities. This will ensure focused and transparent regulatory oversight, while reducing unnecessary compliance burden on compliant businesses.

Published on March 13, 2026



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Balaji Amines shares fall 4% as West Asia conflict hits ammonia supply

Balaji Amines shares fall 4% as West Asia conflict hits ammonia supply


Red candle stick chart moves down. Business graph, stock market crash, financial figures, crisis and economic drepession.
| Photo Credit:
Torsten Asmus

Shares of Balaji Amines fell sharply in early trade on the National Stock Exchange on Friday, declining more than 4 per cent amid concerns over supply disruptions triggered by the ongoing West Asia conflict.

The stock opened lower at ₹999 compared with the previous close of ₹1,035 and extended losses to touch an intraday low of ₹989, marking a decline of 4.4 per cent from previous day’s price. The stock, however, managed to recover a bit to close at ₹1.000.90, down 3.3 per cent from the previous day’s close.

The company informed the stock exchanges that it is facing severe logistical disruptions in procuring ammonia, a key raw material, due to escalating geopolitical tensions in West Asia. Some of its manufacturing plants have become non-operational because of the non-availability of ammonia.

Balaji Amines said the ongoing war has significantly disrupted global shipping lines, logistics networks and supply chains, with certain key raw material suppliers invoking the Force Majeure clause. The disruption has also affected the supply of Liquefied Natural Gas (LNG), a critical input used in ammonia production by most fertiliser manufacturers in India.

As a result, several ammonia manufacturers have expressed their inability to supply the product under Force Majeure conditions, creating shortages for downstream chemical producers.

The company said the situation has directly impacted its ammonia procurement, which is essential for manufacturing methylamines, ethylamines and their derivatives. Due to the raw material shortage, some of the company’s plants are currently non-operational.

Balaji Amines further said that the financial and operational impact of the disruption cannot be assessed at this stage. It added that it is closely monitoring developments and remains in continuous discussions with key suppliers to explore alternative sourcing arrangements.

Published on March 13, 2026



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Coal India's arm CMPDIL to float IPO on March 20

Coal India's arm CMPDIL to float IPO on March 20


File picture: Labourers load coal on trucks at Bari Brahamina in Jammu.
| Photo Credit:
MUKESH GUPTA

Coal Central Mine Planning and Design Institute (CMPDIL), an arm of state-owned Coal India, is gearing up to launch its initial public offering (IPO) on March 20.

The company’s maiden public offering will conclude on March 24, while bidding for anchor investors will take place on March 18, according to the red herring prospectus (RHP).

The issue will be entirely an offer-for-sale (OFS) of 10.71 crore shares by Coal India, with no fresh issue component.

IDBI Capital Markets and Securities and SBI Capital Markets are the book-running lead managers for the public issue.

Earlier, Bharat Coking Coal (BCCL), another subsidiary of Coal India, came out with its ₹1,071-crore IPO in January.

Published on March 13, 2026



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Broker’s call: Muthoot Finance (Hold)

Broker’s call: Muthoot Finance (Hold)


Target: ₹3,478

CMP: ₹3,332.95

Muthoot Finance Ltd., India’s largest NBFC in gold loans by loan portfolio, operates over 7,541 branches nationwide. Besides gold loans, it offers various loans, insurance, money transfer services, and gold coin sales through its subsidiaries.

Gold loan yield stood at 20.34 per cent in Q3FY26, supported by one-off NPA recoveries. On a normalizsd basis, yields are expected to remain in the 18.5-19 per cent range. Meanwhile, management has raised FY26 gold loan growth guidance to 45 per cent.

We maintain a cautious outlook on Muthoot Finance despite its strong Q3FY26 performance, where results exceeded estimates, supported by record profit growth and continued AUM expansion. However, the stock has recently faced pressure amid volatility in gold prices and a slight decline in gold collateral tonnage.

Additionally, the stock is currently trading at a historical premium to its long-term average, indicating that the recent price correction has already factored in much of the quarterly positives. Nevertheless, improving visibility in loan book growth and stabilising asset quality remain supportive. Considering these factors, we upgrade our rating to Hold with a revised target price of ₹3,478, based on 2.4x FY28E BVPS.

Published on March 13, 2026



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Broker’s call: HDB Financial (Buy)

Broker’s call: HDB Financial (Buy)


Target: ₹900

CMP: ₹642.25

HDB Financial Services (HDBFS) – a blue-chip heritage paired with a formidable low-cost borrowing moat. The combination bestows an inherent advantage upon the company to command sustainable, scalable and high-margin growth. Notably, HDBFS has been strategically firming up an asset franchise stronghold (over ₹1 lakh crore, as of FY25) in India’s underserved hinterlands (about 70 per cent) branches in tier-4+ locations).

Separately, despite macroeconomic headwinds, it delivered a over 20 per cent AUM CAGR (FY14–25), bolstering its leading NBFC status. A decadal around 2 per cent credit cost average is testament to HDBFS’ cycle-tested underwriting and risk-management protocols. HDBFS’ focus on direct customer sourcing – accounts for over 80 per cent of FY25 disbursements – facilitates customer quality and operational efficiency.

We initiate coverage at Buy and a TP of ₹900, basis 3x Sep’27E BVPS.

Key risks: Delayed Management expects growth to exceed nominal GDP by 6–7 per cent in near-term. While positive trends in CV volumes suggest that HDBFS is well-positioned to benefit from a CV upcycle, the company faces risks from market share loss and overall sluggishness in the CV segment; HDBFS operates in highly competitive segments like LAP, CV and gold. Most of these segments are currently witnessing intense competition from banks; and AI disruption may lead to higher unemployment (especially in IT sector) and part of its consumer finance business is directly exposed to the salaried segment.

Published on March 13, 2026



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