Major trade associations- Tamil Nadu Vanigar Sangam and Tamil Nadu Traders Federation earlier this week said they have instructed over 15 lakh members, spanning across 6,000 smaller associations, not to sell PepsiCo and Coca-Cola products starting March 1.
With the government considering a proposal to implement fat tax on junk food, sources say the Food Safety & Standard Authority of India (FSSAI) is working on defining the term ‘junk food‘.
Devi Shetty, Chairman, Narayana Hrudayalaya is of the view that the intention of the government for imposing this tax is not clear.
The budget, presented by state Finance Minister TM Thomas Isaac, also said steps would be taken to increase the tax revenue by 25 percent per annum by various measures including elimination of corruption and implementation of trader-friendly measures.
A look at some taxes that made it to headlines