Retail inflation dipped marginally to 6.44 per cent in February, mainly on account of a slight easing in prices of food and fuel items though it remained above the Reserve Bank's comfort level of 6 per cent for the second month in a row. As per the government data released on Monday, the Consumer Price Index (CPI)-based inflation was at 6.52 per cent in January and 6.07 per cent in February 2022. The retail inflation rate for the food basket worked out to be 5.95 per cent in February, marginally lower than 6 per cent in January.
Continuing with his acquisition juggernaut on foreign shores, liquor baron Vijay Mallya of United Breweries Group has now set his sights on New Zealand based company Independent Liquor Ltd.
With the wine market in India poised for heady growth, liquor companies are ready to uncork their best wines. Currently, the Indian wine market is estimated at 1.2 million cases (one case has 12 bottles of 750 ml each), with imported wines accounting for a mere 200,000 cases.
Petroleum products such as crude, motor spirit and diesel, and alcohol beverages will be kept outside the dual goods and service tax (GST) structure, which will be implemented from April 2010.
Widening of the tax base, doing away with cess and surcharge, improvement in compliance and moderation in tax for emerging sectors are some of the suggestions submitted to the Finance Ministry ahead of the Budget by Think Change Forum (TCF). Experts are of the opinion that there is a need to grow tax revenues for the government to drive economic growth and make investments in developmental activities, TCF, the think tank said in a statement. Towards this end, poor compliance was identified as a weak link in achieving targeted collections leading to complex issues like overtaxing, complicated tax structures, rising litigation, among others.
Some of the tickets are now selling for 1,050 dollars per person on the musician's official website.
The excise authorities of some states are playing spoilsport by subjecting imported beverages to the same levies as the domestic drop without application of mind.
In an advisory, DGCA said there are provisions under the civil aviation requirement for action to be taken by the airline to deal with unruly passengers.
Coca-Cola will, apart from the coming World Cup in England and Wales, feature as the exclusive non-alcoholic beverage partner at all major ICC events -- men's and women's T20 World Cups in Australia in 2020, ICC Women's World Cup 2021 in New Zealand... Also, the World Cup 2023, to be hosted by India.
Import of refined oil saw a huge jump of 132 per cent, followed by 52.6 per cent in alcoholic beverages and 48.9 per cent in cotton and silk during the April-December period of fiscal 2008-09.
In a year that saw inflation touching a 13-year high of 12.82 per cent in August, the 150 million cases beer market grew by 15 per cent, according to All India Breweries Association figures. The wine segment, which has a total market size of around 1.5 million cases, posted even a higher growth rate of 30 per cent, as per International Wines and Spirits Record, while other alcoholic beverages, with a market size of 190 million cases, grew at 15 per cent.
After visiting those being treated at Villupuram government medical college hospital, Chief Minister MK Stalin told reporters Villupuram that investigation into the matter would be transferred to the CB-CID and he assured tough action.
Wine aficionados have taken heart from the news that the GoI has 'decided' to remove additional customs duties on imported alcoholic beverages from July.
In a significant move, perhaps the first of its kind in the world, the Bureau of Indian Standards has issued 'draft' standards for pesticide residues in ready-to-serve non-alcoholic beverages including soft drinks.
A cortisol belly is a common health problem resulting from elevated cortisol levels due to chronic stress, poor diet, lack of physical activity, inadequate sleep and overtraining, says clinical nutrition consultant Neha Sahaya.
Excise department officials said brand registration is an ongoing process and more will be available in coming days.
'Wine bars there are, in plenty, in Karnataka,' notes Alok Chandra.
Regular, uncontrolled consumption of sugar can raise blood pressure, increase inflammation and contribute to obesity, all of which strain the heart, warns Dr Anu Gaikwad.
The White House has received poisonous cyanide packed in an envelope carrying the address of a man who had earlier sent a similar package
In a bid to boost agriculture infrastructure, the government on Monday announced a cess on certain items, including petrol, diesel, gold and some imported agricultural products. While proposing the Agriculture Infrastructure and Development Cess (AIDC), Finance Minister Nirmala Sitharaman also said that care has been taken not to put additional burden on consumers on most items. There is an immediate need to improve agricultural infrastructure so that we produce more, while also conserving and processing agricultural output efficiently, the minister said in her Budget Speech in Lok Sabha.
Indian equity markets had a good run in the first half of calendar year 2023 (CY23), with the S&P BSE Sensex and the National Stock Exchange Nifty50 hitting fresh 52-week highs. While the Sensex scaled up to a peak 64,718, the Nifty50 hit Mt 19,189. As the markets now prepare to enter the second half (H2) of CY23, all eyes are on global central banks, especially the US Federal Reserve, as to when they will pause and pivot as regards their interest-rate cycle.
The move will boost the government's revenue at a time when Delhi's economy is struggling in view of the Covid-induced lockdown that has been in place since April 19.
Almost 70 per cent of alcohol distribution in India happens through liquor vends or shops, while 30 per cent happens on-premise, that is, in bars, pubs, and hotels.
Government is not able to decide on liquor ban as Eid-e-Milad is falling on the eve of Christmas.
Doctors said the decision was a medical blunder.
A call by the Traders Federation in Tamil Nadu to ban sales of Coca Cola and Pepsi soft drinks came into effect on Wednesday with its president A M Vikrama Raja declaring drinks as 'toxic' for consumption.
Retail inflation rises to 4.41% in Sep on dearer food items
Retail inflation in pulses and products category rose to a staggering 42.20 per cent in October.
Prime Minister Narendra Modi on Wednesday said he has asked soft drink makers like Pepsi to try and mix aerated drinks with 5 per cent fruit juice to help distressed farmers find a new market for their produce.
Retail inflation in April softened further and fell to a four-month low of 4.87 per cent.
The bulk of states' revenue comes from the devolution from the Centre's divisible tax pool, GST, VAT on petroleum, and excise duty on alcohol.
The rate of price rise in vegetables stood at 15.15 per cent in August as against 16.88 per cent in the previous month.
Inflation in rural and urban areas in July was 8.45 per cent and 7.42 per cent, respectively.
The intrinsic inclusivity of Goa is the key to its great attraction, observes Rahul Singh.
The police are investigating claims that a group of men arrived at the pub in a taxi and opened fire, killing 14 and injuring three patrons.
A phased roll-out of prohibition will hit revenues of companies, which get 5% of their volume sales from the state
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