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Imported Spirits: India is looking forward to stopping the under-invoicing of alcohol by proposing a solution to set up "place valuation rules" that would require importers to pay customs duty based on a price fixed by customs authorities. This would prevent foreign brands from using under-invoicing to avoid high taxes.
Fta: "Negotiations are really time consuming and energy consuming and human resource consuming. Therefore, we are trying to increase the bandwidth within the commerce department," the government official said.
Food Prices: The kitchen budgets are on a tight squeeze. Therefore, the markets are witnessing a change in the spending habits of the consumers. Instead of buying fresh tomatoes, people have shifted to buying small cartons of tomato puree, from fresh ginger to single-use sachets of ginger paste and loose cumin powder to tiny 7-gm sachets, reported TOI.