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Time of India
3 days ago
- Business
- Time of India
No govt tax hike on beers a welcome sign: Brewers' body
Mumbai: The beer industry, which has been witnessing a consistent excise duty rise for a decade compared to IMFL, has welcomed the state's decision to spare beer of tax hike this time. Tired of too many ads? go ad free now The industry has always been pressing for a relatively more encouraging, liberal and competitive tax structure compared to IMFL, given the healthier nature of beer than the former's high spirit content. Vinod Giri, Director General, Brewers Association of India (BAI), said, "The taxes on beer are already very high in the state. In the last 10 odd years, excise duty on beer went up by 32% compared to just 9% on IMFL, leading to a strange situation where a bottle of beer is priced up to 50% more than the competing nips of IMFL. It's not surprising then that the beer industry turnover remained flat in the state over the last decade, whereas sectors like IMFL galloped at an average compounded growth rate of 7% year after year for 10 years. " It may be mentioned here that beer has far lesser pure spirit content than IMFLs. Tuesday's decision of the state cabinet to hike taxes on premium and smaller IMFL brands and country liquors, besides increasing permit room license fees, will come into effect only after 14-15 days after the final notification. — Chittaranjan Tembhekar
Time of India
05-05-2025
- General
- Time of India
Plastic pollution: students unite to save rivers
Mumbai: In a powerful display of youth-led advocacy and engagement, The Clean Water Challenge 2025 united over 30,000 students from across the Mumbai Metropolitan Region in a movement to combat plastic pollution . The initiative, launched by the Bharat Clean Rivers Foundation (BCRF) in collaboration with The Ocean Cleanup, culminated in an award ceremony hosted at the Museum of Solutions, Lower Parel, Mumbai. The BCRF's mission is to rid India's rivers of plastic. Of the 144 world's most polluted major river systems, 47 are in India, and of these, 13 are in Mumbai. BCRF and The Ocean Cleanup are working together towards a city-centric, customised solution to clean the rivers in Mumbai. — Chittaranjan Tembhekar
