FAT TAX
Amul milk, Cigarettes, Surf Excel: From dairy to detergent, check what has become costlier and how much more you will pay after price hikes
Milk, ghee, butter, curd, detergents, soap and cigarettes have become costlier following a series of price revisions in the last two months. Amul, Mother Dairy and Nandini have raised dairy prices, while HUL has revised rates of Surf Excel, Rin and Wheel products. ITC has increased Gold Flake Premium prices, and commercial LPG rates have risen for two consecutive months. Here is a product-wise breakdown of the old and new prices, the amount of each increase and when the revisions took effect.
PSU oil firms float tender to buy 150 mn litres of biodiesel at Rs 88/litre
Indian oil marketing companies are inviting bids for 150 million litres of biodiesel over a three-month period. The procurement will begin in November 2026 and aims to reduce dependence on imported crude oil. Supplies will be sourced from used cooking oil and other feedstocks, enhancing the domestic biodiesel market. Vendors must meet strict quality and delivery requirements throughout the procurement phase.
HUL sales rise 15% to hit 14-quarter high, but inflation clouds demand outlook
Hindustan Unilever posted a turnover of ₹18,071 crore for the September quarter, highlighting a 15% rise. Even with a price increase of 7.5%, the company's volume growth remained stable at 7%. Homecare emerged as the standout performer, boasting a robust 22% sales growth. Earnings before interest, tax, depreciation, and amortisation climbed to ₹4,089 crore, an 8% boost. However, ongoing inflation and wage issues in rural sectors pose significant challenges.
Susan Dell’s ‘$50K MAGA makeover’ sparks frenzy: Why is Michael Dell’s wife trending after White House visit?
Susan Dell, wife of Dell Technologies CEO Michael Dell, has sparked online buzz after her recent White House appearance alongside Donald Trump, with social media users commenting on her changed appearance and dubbing it “Mar-a-Lago face.” The controversy has fuelled talk of a “$50K MAGA makeover,” with cosmetic surgeons outlining how procedures such as facelifts, eyelid surgery, Botox and fillers could potentially account for such changes.
FSSAI initiates action against Amazon, Swiggy Instamart, BigBasket, Flipkart India over alleged violations
FSSAI said action had been initiated against Amazon, Flipkart India, Swiggy Instamart, Zepto and BigBasket over allegedly misleading claims related to Happilo Premium Date Bites - Zesty Orange. Separately, Swiggy Instamart and BigBasket face action over alleged misleading claims and non-compliant product information involving three Milky Mist products - Fresh Low Fat Cream, Farm Fresh Curd and Greek Yoghurt.
How it's rewarding to break your trust fund and maintain a trust deficit
The video assistant referee system in football has revealed notable blunders in officiating, calling into question our confidence in third-party expertise. The author draws parallels between these sports scenarios and society's dependency on experts, indicating that many individuals derive belief from personal bias over factual proof. This trend underscores the intricate dynamics of trust that permeate contemporary existence.
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From hunger to obesity: Developing world faces growing threat to child health
Childhood obesity is rapidly increasing in developing nations, creating a significant health challenge. This epidemic is now outpacing undernutrition in many populous countries. Processed foods and lack of awareness fuel this growing public health crisis. Experts warn of a future surge in non-communicable diseases due to this trend. Urgent action is needed to address this escalating global health issue.
Nestle backs stricter food labelling norms, says transparency key for consumers
Nestle’s global CEO Philipp Navratil has backed FSSAI’s tighter food-labelling scrutiny and supported front-of-pack disclosures, saying consumers should know what they eat. He said such rules should be scientifically designed, balanced and based on portion sizes and global best practices.
GTRI for stringent measures to curb India's rising consumption of harmful processed foods
GTRI has recommended that the Indian government implement stringent policy measures to curb the rising consumption of harmful processed foods. The Global Trade Research Initiative (GTRI) recommends increasing taxes on unhealthy food items and conducting public health campaigns to help consumers make informed choices about their food.
Fat Fight: Higher tax likely on unhealthy foods
At present, non-branded namkeens, bhujias, fruit and vegetable chips and snack foods are charged 5% GST. For branded and packaged items, the tax is 12%. On the contrary, sin goods like tobacco products face 28% GST to discourage their use. Most of such products also carry statutory health warnings on the pack.
Rising diesel prices set new record
Diesel has climbed to Rs 77.06 a litre in Delhi and Rs 75.53 in Mumbai. Petrol prices have risen to Rs 78.37 a litre in Delhi and Rs 85.21 in Mumbai. On Friday, diesel and petrol prices rose by 63 paise and 56 paise a litre, respectively.
Budget 2017: Junk food, sugary drinks may invite higher taxes
An 11-member group of secretaries has also suggested that proceeds from such higher taxes be used to increase the government's spending on health.
Companies fear losing credit over GST filing errors
The offline utility to be used to claim input tax credit for pre-GST regime was not available till Sunday. Thus, details had to be filed online with higher chances of error.
Restaurants and companies fret over proposed fat tax
The product list includes deep fried Indian and western snacks, desserts and confectioneries that are sweet, fatty and salty.
FSSAI panel turns heat on junk food, bats for tax, ad ban
According to the panel, imposition of excise tax on unhealthy eating products would lead to positive health effects among population.
Fat Tax has fat chances of barring unhealthy lifestyle
PM Sankaran, president, Kerala Bakers Association, says the sale of the items mentioned in the budget through bakeries is only around 2 % of total sales.
Kerala’s fat tax targets only branded food; is tax on fat or on exotic?
Imagine the nationwide commotion if such a tax were to include namkeens, vadas, samosas, kathi rolls, bhajis, bread pakoras, chhole bhature, kachoris, chowmein, jalebis, plantain chips and other fried delights?
Proposed 14.5 per cent fat tax on junk food discriminatory and irrational: Restaurant Association
Kerala finance minister Thomas Isaac on July 8 proposed levying a 14.5% fat tax on junk food, including pizzas, burgers, pasta and doughnuts, sold in branded restaurants.
Review 'fat tax' on burgers, pizzas: CII to Kerala government
In its Budget, the CPM-led LDF government proposed a slew of new taxes, including a 'fat tax' of 14.5 per cent on burgers, pizzas and pastas.
Fat Tax singles out multinational brands, traditional savouries more unhealthy: MNCs
Edelweiss research analyst Abneesh Roy said the tax is sentimentally negative for the quick service restaurant sector as it may lead to copycat actions from other states.
Kerala ‘fat tax’ hurts Jubilant, Westlife stocks
The government in Kerala proposed a slew of new tax proposals in its budget for 2016-17, including a 5 per cent tax on certain packed foods and the ‘fat tax’.
In a first, Kerala imposes 14.5% 'fat tax' on junk food
A five per cent tax has been imposed on certain packed foods and a 'fat tax' of 14.5 per cent for burgers, pizzas and pastas served in branded restaurants.
Clamour for sugar tax to combat diabetes, obesity growing; industry unfazed
Sugar is increasingly being seen as dangerous, but Indian producers are putting up a brave front and saying the sweetener is being needlessly demonised.
Nokia India's tax woes spill over to Foxconn’s India unit
CITU is trying to get recognition as the representatives of the Foxconn employees and the next hearing is likely to be held in August.
Samoa Air's 'pay-as-you-weigh' concept brings focus back on obesity & its related costs
At a time when airlines are floundering in rising costs, they could at least address those stemming from passenger weight.
Majority of air passengers favour 'pay as you weigh' model
The proposal to charge overweight air passengers more may not have gone down well with some, but a majority of respondents in a recent survey voiced support to the idea.
PepsiCo, KFC, McDonald's, Nestle's Maggi get junk rating for misleading consumers
The CSE accused PepsiCo, Nestle, McDonald's, Haldiram and KFC of misleading the public through wrong claims and insufficient labeling.
Taxing fat in cultures that see it as prosperity
Imposing a 'fat tax' on the very things the rest of the world loves about it requires a degree of control and far-sightedness.
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