Maggi Noddle Trouble : Part II

On June 4th, 2015, Nestle India announced to take the product off the shelves temporarily. However, Paul Bulcke, Nestle's Global Chief Executive said, "The product, Maggi noodles, are safe for consumption." 

In a press release Nestle India mentioned:

"The trust of our consumers and the safety of our products is our first priority. Unfortunately, recent developments and unfounded concerns about the product have led to an environment of confusion for the consumer, to such an extent that we have decided to withdraw the product off the shelves, despite the product being safe.We promise that the trusted MAGGI Noodles will be back in the market as soon as the current situation is clarified."

On June 4th, few more states banned Maggi. The name of these states are: 
  1. TamilNadu (ban Maggi and three other brands of noodles for 3 months), 
  2. Gujarat (ban Maggi for 1 month)
  3. Jammu and Kashmir (ban Maggi for 1 month)
  4. Telangana 
  5. Uttarakhand 
Even Nepal also announced to test Maggi Noddle

Wal-Mart and Metro also decided to withdraw Maggi from there wholesale store in India to read more on this click here

Food Safety and Standards Authority of India (FSSAI) given an order to Nestle India. In this order, FSSAI mentioned three major violation, by company, as given below: 
  • Presence of Lead detected in the product in excess of the maximum permissible levels of 2.5 ppm,
  • Misleading labeling information on the package reading “No added MSG” and
  • Release of a non-standardised food product in the market, viz. “Maggi Oats Masala Noodles with Tastemaker” without risk assessment and grant of product approval

Maggi Noddle Pulled Nestle India in Trouble

All this started in April 2015, when sample of Maggi Noodles tested by Foodsafety and Drug Administration, Government of Uttar Pradesh (UPFDA) and found that it contains high level of lead and Monosodium Glutamate (MSG). After this, UPFDA also ordered Nestle to recall about 2 lakh (0.2 million) packs of Maggi Noddle. 

After this, in last week of May 2015, Food Safety and Standards Authority of India came in picture and collected samples of Maggi Noddle from different parts of country. 

On May 29, 2015, UPFDA filed a case against Nestle India Limited (NIL) - manufacturer of Maggi Noddle. 

On June 3, 2015, Bihar Court ordered police to file FIR against brand ambassadors of Nestle India which included Amitabh Bachchan, Madhuri Dixit and Preity Zinta

How many packets of Maggi sold by Nestle all over the world?

According to Indian Express, 5.2 billion packets every year in 130 countires.

How much lead is permitted?
Permitted level of lead is 2.25 per million (ppm).

How much is found in Maggi Noddle?
Lab test found 17.2 ppm OMG... 

Is it Dangerous?

Yes, it is. It is a cumulative toxicant which affect various part of our body especally harmful to young children. It kills 143,000 people every year. To know how dangerous it is Read WHO page here and wiki page here 

Sates which banned Maggi?

Till 3rd June, 2015: Uttar Pradesh, Kerala, Delhi, Indian Army banned Maggi

On 6ht June, 2015 banned Maggi

Retailer which banned Maggi?

By 5th June, 2015: Big Bazaar control and run by Future Group 

What is going in Share Market? 

Share price of Nestle India Limited plunged by 16.3% with a week time from May 29, 2015 to June 4, 2015. Refer the Graph given below: 


What steps has been taken by Government of India (GoI)?

It was the first time in 30 years, when GoI used one provision of Consumer Protection Act and filed a complaint with National Consumer Disputes Redressal Commission (NCDRC)

How Indian Army came in picture? 

Indian Army has strength of  2,089,000 (1,129,000+96,0000). on June 3, 2015, Indian Army issued a advisory to its personnel and asked them not to eat Maggi noodles and also decided not to sell Maggi noodles.

What is the response of brand ambassadors (Amitabh Bachchan, Madhuri Dixit and Preity Zinta) of Nestle India?

Need to write....I will update it soon....

What is the Nestle's response? What are they saying?

1. According to company's website, Maggi Noddle is safe for consumption.  Any one can go through Nestle's response by clicking here (this link will take you to company's website). Hindi version is here

2. Started online advertisement:

3. Company had given a representation to Food Safety and Standards Authority of India (FSSAI)

4. Take the product off the shelves temporarily. To know more on this Click here

Personal Finance II: How to Improve Personal Financial Health

In my previous post (here), I mentioned the three basic rules to improving the financial health of any individual. Now, I am going to talk about the fourth and fifth basic rules:
  • Fourth: Most of us spend first and then save. But this is just not the way to go about things. If you want to save money, then you have to save first and spend whatever is left after saving. First, you have to spend on yourself i.e., save money for your future requirements then spend on current requirements. 
  • Fifth: Never depend on one source of income. Develop a second source of income regardless of whether you are in service, self employed, or running your own business. You do not know when one source will dry up. You life will be happier and more financially secure as soon as you understand this fifth basic rule and start following it. 

Your second source of income could be:  a part time job online or offline, income from investments, an online or offline retail store, tuitions, yoga or hobby classes, working as a part time real estate broker, blogging, becoming a member of a multi-level marketing company (such as Amway, Avon, Oriflame, RCM, Tupperware), etc. What you take up depends totally on your skills, interest, and experience. So do not wait. Start thinking...!!
One thing you should understand is that income from the second source will not start flowing in the minute you start working. It needs a lot of time, effort, and passion. And I know you have that!

Hope you like this. Let me know your views in the comments section.

PF I: How to Improve Personal Financial Health

Here are some quick and very effective tips to improve your financial health:

  • First and the most important and most effective tip — Destroy all your credit cards. However, before doing this, write down your credit cards’ outstanding amounts, due dates, and other credit card details required while making a payment. Now, cut all the credit cards into four parts and throw them into the dustbin. Believe me, this will be your first major step toward a healthy financial position. 
  • Second, write down all (personal, home, education or other) your outstanding loan amounts in one place with their respective interest rates. Writing down all your debts (loans) in one place will give you a clear picture of your various and total liabilities.  
  • Third, Start writing down all your income and expenses month-wise and date-wise. You can use a diary, MS Office Excel, or Google Drive ( Make a habit of writing down each and every expense every single day. Otherwise you will forget.

These are my first three tips. Hope you liked them and will start using them very soon right from today. I will come up with some more useful tips for you very soon. Hope you like this. Let me know your views in the comments section.

Sharing Economy

What is Sharing Economy?

Sharing economy is also known as peer-to-peer economy. It is the system which build around the sharing of human and physical resources. In this economy owner share (rent out) her/his things which s/he not using to earn extra income. Example: sharing car, house, a seat in car, a room in house, house or bicycle. 

Size of Sharing Economy?

US$26 billion in 2013

It would be cross US$100 billion in 2-3 years down the line.

Name some Sharing Economy Firms (SEF)?

Mobilegeddon is Here

The Pissing Tanker: Public and Anti Public-urination Activists

Watch the act of  public and anti public-urination activists: The Clean Indian:

In my view this is not the right solution to stop public-urination. I am also against public-urination but this method has lot of drawbacks. Some of them are as follows:

  1. What is the guarantee that person will not do same thing again. 
  2. How can 'anti public-urination activists' justified the use tanker for this purpose which run on subsidized diesel. 
  3. Last but not least, What about the WATER? All of us know water is very precious and a big population all over the world did not have access of water (forget clean or not). 
That why i think anti public-urination activists: The Clean Indian should use some other method to stop public-urination.

What you say? Let us know your view through your comments.