If you have recently bought a tetra pack of juice or chaas, you must have noticed that the plastic straws have been replaced with paper straws. Most fast-moving-consumer-goods (FMCG) companies and retailers have opted to replace plastic with paper products ever since the plastic ban was introduced from 1st Jul '22.
FMCG companies are witnessing moderate financial impact due to the country's move to ban certain single-use plastic items said experts, adding that the impact has mainly been on the livelihoods of employees of SMEs.
To intensify its efforts to combat plastic pollution, Prime Minister Narendra Modi-led government has banned the manufacture, import, stocking, sale and use of identified single-use plastic items from July.
This is a step in the right direction to curb pollution caused by littered and un managed plastic waste and supports India's environmental, social, and governance drive.
Indeed, the benefits are visible already. An average Indian now generates around 2,500 gm of plastic waste annually, which is equivalent to 125 one litre PET bottles.
While this figure is still sizable, it is half of what was five years ago. For the record, in India, the maximum quantity of plastic waste is generated in Maharashtra, followed by Tamil Nadu and Gujarat.
Maharashtra, along with other states, too introduced a brand-new plastic ban along with the rest of the country from 1st July.
Around 21 selected single-use plastic items were outlawed for their low utility and high littering potential. These include disposable cutlery, plastic sticks for candies, ice cream and balloons, plastic flags, thermocol for decoration and carry bags under 75 microns. From January 23, the minimum thickness required for plastic bags will increase to 120 microns.
The government has banned the manufacture, import, distribution and sale of single-use plastic items across the country.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
IMPORTANT JARGON
SEBI Allows Mutual Funds To Invest In Foreign Funds With Exposure To Indian Securities
NO SHORTCUTS, JUST HARD TRUTHS
Riding the economic rollercoaster, Howard Marks reveals the hard truths about why adhering to fundamental principles is critical for long-term stability
SOW TODAY, REAP TOMORROW
Invest for your child's retirement from day one - because why wait for adulthood to plan for golden years?
BORROWING BOLDLY, SAVING SPARINGLY
Post-pandemic, India's tech-savvy middle class is leveraging bold borrowing trends, balancing premium spending with smarter investments for a bright future
EASING THE PREMIUM PRESSURE
The GST council's upcoming meeting hopes to address potential tax reductions on health and life insurance to improve affordability and insurance penetration while balancing fiscal priorities
PIRACY: STEALING THE SHOW!
Piracy is where blockbuster hits go cheap because the prices are steep
TEMPERED BY FIRE
India's steel sector faces the heat from cheap Chinese imports but holds strong long-term growth prospects driven by rising domestic demand and capacity expansion
TAKING A FIRM STANCE
RBI's action against select NBFCs aims to curb the risks of growth at any cost before it jeopardizes the entire system
STEADY BUT SHAKY
IMF's latest World Economic Outlook forecasts modest 3.2% global growth, with the US thriving while Europe grapples with inflation
THE TRUMP CARD
While the return of Donald Trump as US President may create new challenges, it could also present opportunities, particularly as the US seeks alternatives to China