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Saturday, October 5, 2024

Tag: taxes

UN food price index soars to 18-month high in September, driven by rising sugar prices

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The United Nations' world food price index surged in September, according to data released on Friday, recording its largest increase in 18 months due to rising sugar prices. The͏͏ price͏͏ index,͏͏ created͏͏ by͏͏ the͏͏ U.N.͏͏ Food͏͏ and͏͏...

Vegetarian thali prices surge 11% YoY; non-vegetarian thalis report 2% decline

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The cost of home-cooked vegetarian thalis increased by 11% year-on-year in September, while non-vegetarian thalis saw a 2% decline, according to Crisil. The͏͏ increase͏͏ in͏͏ vegetarian͏͏ thali͏͏ prices͏͏ was͏͏ mainly͏͏ driven͏͏ by͏͏ rising͏͏ vegetable͏͏ costs.͏͏ Onions,͏͏ potatoes,͏͏...

Spirits industry faces slowdown as taxes soar and demand wanes

News
The spirits market experienced a deceleration in demand, dropping to 2.2% growth in the quarter concluding in September. This marks a reversal from the...

Maharashtra Govt forms committee to explore tax reduction on beer to boost sales and revenue

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With the goal of encouraging the consumption of healthier beverages, the Maharashtra government has established a committee to evaluate the feasibility of reducing taxes...

Canada considers tax measures to restore grocery price stability, warns retailers

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Canada's Prime Minister, Justin Trudeau, has issued a warning, indicating that taxes may be imposed if grocery retailers do not implement measures aimed at...

Indian Beverage Association urges government to exclude carbonated beverages and juice-based drinks from ‘sin taxes’

News
The Indian Beverage Association (IBA), headquartered in New Delhi, which serves as a representative body for major industry players including Coca-Cola, PepsiCo, Red Bull,...

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