The Central Bureau of Investigation has registered a fresh case of corruption against former finance minister P Chidambaram's son and Congress MP, Karti Chidambaram, for allegedly giving relief to alcoholic beverage company Diageo Scotland over a ban on the duty-free sale of its whisky, officials said on Thursday.
FSSAI is the central body which lays down science-based standards.
'In case a particular industry has not passed on the benefits and if we receive complaints, we will take up the matter with the industry body concerned.'
India has completely protected the interests of its agriculture and dairy sector in the India-US trade agreement.
'Our approach has been to work with consumers and help them drink better, not more.'
The central government wants to impose the levy; many states are opposed - at least, to the Centre doing so
Make the most of the festive period with these 8 easy, evidence-based strategies designed to help you keep the extra kilos at bay.
Additional solicitor-general says extra-neutral alcohol liable to new tax
Three splashy cocktails to knock your guests' socks off.
Police said they have made five arrests in the incident. Those arrested have been identified as Prabhjit Singh, the main accused, Kulbir Singh, Sahib Singh, Gurjant Singh and Ninder Kaur, they said.
Stocks of alcoholic beverage makers have corrected over the last few trading sessions on worries that taxes, competition and costs will hurt sales and profitability. The recent trigger for the decline is Karnataka, which accounts for 15 per cent of overall liquor consumption, increasing duties. The state increased by 20 per cent the additional excise duty on Indian-made foreign liquor (IMFL) on all slabs.
Diageo, the largest alcoholic beverage company in the world, estimates that the loss ending June 2020 would be between $300 million and $420 million.
By 10 am, Rakshit N Jagdale is already deep into the rhythm of the day, which promises to be a carousel of meetings, calls, and strategic decisions. As managing director of Amrut Distilleries, he balances ritual and ambition, tradition and transformation, like many other legacy players in India's alcoholic beverages sector who are staring at a rosy future.
The BCCI invited bids for the Indian cricket team's title sponsorship rights after fantasy sports giants Dream11's pullout.
For all the livelong years it has been around, beer has been associated with leisure and relaxation. Of late, it has become more than just a beverage. Both amateurs and aficionados prefer an uncorked chilled beer to unwind on a sweltering hot day. As the temperature rises, the breweries gear up to capitalise on this growing trend.
To place orders, customers need to complete an instant age verification by uploading a picture of their valid government ID, followed by a selfie which the platform will use for authentication.
Automobile import increased to Rs 350.52 crore (Rs 3.5 billion) from Rs 197.75 crore (Rs 1.97 billion), while that of alcoholic beverages rose to Rs 41.78 crore (Rs 417.8 million) from Rs 31.45 crore (Rs 314.5 million), according to an official data.
'Wine is an indicator of the quality of life,' says Alok Chandra.
The US Trade Representative noted that India's average applied tariff rate stood at 17% per cent, the highest of any major world economy.
Let's take a look at some countries that consume most beer.
Invest in these funds through the SIP route with at least a seven-year horizon.
Beer is the world's most widely consumed alcoholic beverage.
'My only problem is banning alcohol'
Balrampur Chini Mills Ltd will start marketing its low alcoholic carbonated beverages under the brand name Xotica during February.
Sources say Kriti Sanon, super excited to be working in the mythological space for the first time, will play Sita mata with the full conviction of a true devotee.
Let's take a look at some of the biggest wine-producing countries.
The commerce ministry is working on different scenarios to assess the possible fallout of reciprocal tariffs to be imposed by the US administration on April 2 on its key trading partners including India, sources said. US President Donald Trump has said that April 2 will be 'Liberation Day' as he plans to announce tariffs or import duties to bring down America's trade deficit, and promote the country's manufacturing.
To support liver health and potentially reverse fatty liver, it's essential to focus on a well-balanced diet, portion control, and active lifestyle habits, says rediffGURU Komal Jethmalani, a nutritionist and dietician.
Beer to be allowed in certain offices in Haryana; other states allow its sale in stores and malls.
After underperforming its peers in the consumer space in 2022-23, and experiencing a mixed bag in the 2023-24 (FY24) April-June quarter (first quarter, or Q1), brokerages are positive about the medium-term outlook for liquor stocks. Higher raw material costs, concerns regarding increased duties, regulatory changes, and competitive pressures weighed on performance returns in the past quarters. Analysts believe that the sector could experience a reversal of fortunes due to better demand and margin improvements.
Retail inflation declined to 6.83 per cent in August after touching a 15-month high of 7.44 per cent in July, mainly due to softening prices of vegetables, but still remains above the Reserve Bank's comfort zone. The overall inflation in the food basket stood at 9.94 per cent in August as against 11.51 per cent in July, according to data released by the National Statistical Office (NSO) on Tuesday. Retail inflation based on the Consumer Price Index (CPI) was at 7 per cent in August 2022.
The Central Board of Direct Taxes has asked field officers to augment tax collections by ensuring that sectors growing at faster rates compensate for those growing slower.
UB's beer brand will take on Bacardi's Breezer in the flavoured alcoholic beverage market.
The bizarre incident came to light on Monday after bystanders took videos and uploaded those on social media.
Cheer up, the coming Union Budget might just make your imported tipple more affordable - on a par with local booze.
A handful of online retailers have started offering alcoholic beverages through the e-commerce route since then. Letsbuydrink.com caters to Delhi, Gurgaon, Faridabad and Mumbai and offers imported alcoholic beverages for sale.
The region constituted more than 31percent of the segment's total sales volume in 2016.
Retail inflation, based on Consumer Price Index, was at 10.36 per cent in May.
However, the Appellate Body declined to make any recommendations to the WTO's dispute settlement body what India should do in the light of its ruling. The government has already removed the additional duty on wines and spirits last year. Similarly, it exempted various products from the extra duty, making the case redundant.
