Though made in a dash or two of oil, the humble dosa has crisply wriggled out of Kerala’s much-discussed fattax. It was through a timely tinkering in the pro-visions of the state’s Finance Bill, passed in the Assembly earlier this week, that thepopularsnackfound its way out of being an unaffordable menu item…READ MORE
KEEP READINGSugary beverages and packaged food high on salt and fat are likely to attract higher taxes in India, Sri Lanka and Bangladesh, where the growing consumption of such products is fuelling obesity , diabetes and heart disorders…READ MORE
KEEP READINGIf the Government of Kerala’s recent move to tackle obesity concerns – levy 14.5 per cent fat tax on fast food such as burger and pizza – gets a positive response, the Government of Gujarat is likely to follow suit by imposing a similar tax on fast food sold in the state. Interestingly, the move by Kerala is close on the heels of a 13.5 per cent luxury tax announced by Bihar on samosas, kachoris and other namkeens and sweets sometime back. While the concept seems similar, Bihar is not looking at the obesity angle, it is considering fast food items as luxury…READ MORE
KEEP READINGPeople in Kerala must be relieved that the much-feared ‘fat tax’ of 14.5 per cent would be levied only on pizzas, burgers, sandwiches and tacos, that too only those sold through “branded” outlets. Indeed, this tax could even be decried as an indirect method to make only the state’s creamy layer – who can afford to patronise such branded outlets – healthier…READ MORE
KEEP READINGEdelweiss research analyst Abneesh Roy said the tax is sentimentally negative for the quick service restaurant sector as it may lead to copycat actions from other states…READ MORE
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