Experts take on India’s import duty hike on edible oils, implications for prices and farmers

The finance ministry introduced several significant notifications in the commodity market last week, the most prominent being a 20% hike in import duty on crude and edible oils. This decision is expected to have wide-reaching effects, with retail prices of edible oils potentially rising, which in turn could increase the prices of food in eateries … Read more

Beverage Industry seeks GST cuts on bottled water, juices, and sodas ahead of key meeting

In yet another push for GST rationalisation from the industry, the Indian Beverage Association (IBA) has approached North Block, urging a re-examination of high tax rates. The ₹60,000 crore industry, representing Indian companies in the non-alcoholic beverage sector such as PepsiCo, Bisleri, Coca-Cola, Campa (Reliance Industries Ltd), Dabur, Tata Group, and others, has separately written … Read more

Las Vegas shooting victims struggle to afford mounting medical costs

Kurt Fowler and his wife, Trina, were celebrating their 18th wedding anniversary at a country music festival when the shooting started. Fowler, 41, knew he’d been hit in the ankle and couldn’t run. He hid under the stage until the gunfire ended. “I knew my foot was completely useless,” said Fowler, a firefighter from Lake … Read more