Detergent and frozen fat have been found by the Kolkata-based Central Laboratory during re-tests of milk samples collected by district Food and Drugs Administration (FDA) department from Mother Dairy booths here. Ghaziabad FDA yesterday received the re-test reports, from the Kolkata-based laboratory, according to which both samples of "full cream" and "toned" milk were found containing frozen fat and detergent, FDA official Vineet Kumar said.
With each passing day, the Chinese administered devaluation is decreasing. And while China wants to move towards a market mechanism with yuan, it won't be easy, says Arvind Sanger of Geosphere Capital Management.
If they do move to a market-based pricing and don't intervene, then yuan has more bets against it, than for it. So, there will be a lot of PBoC intervention as they would want to limit the fall of the yuan," he told CNBC-TV18. However, shocks from yuan devaluation will reduce in the near term, he adds.
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