Agriculture Current Affair 11 December 2020

WayCool Foods raises $7.8 m in debt to digitise its operations

Agri supply chain start-up WayCool Foods has raised $7.8 million (about ₹57 crore) in debt from Sammunati, RBL Bank and Innoven Capital. This follows the earlier debt financing round of $5.5 million which was guaranteed by United States International Development Finance Corporation (USIDFC) and financed by IndusInd Bank. WayCool also closed the Series C round of $32 million led by Lightbox earlier this year.

The latest funding will be utilised for meeting working capital needs and to boost automation in the existing distribution centres and warehouses, the company said in a statement.

Farmers reject govt’s proposed amendments

Farmer leaders, protesting for the past 13 days by laying siege to Delhi with alrge contingents, rejected the proposed amendments to the controversial farm laws sent to them by the government calling them “an insult to the farmers of the country”.

The decision to reject the proposed changes was taken unanimously at a meeting of key leaders of the Samyukt Kisan Morcha, the coalition of 500 farmer organisations spreading the agitation. As of now, another round of talks between the farmers and the government is scheduled for Thursday.

CCPA asks FSSAI to probe honey adulteration issue

The Central Consumer Protection Authority (CCPA), following a preliminary examination, has asked the Food Safety and Standards Authority of India (FSSAI) to take appropriate action in the honey adulteration issue raised by the New Delhi-based Centre of Science and Environment and promised to extend all cooperation in the investigation.

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