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Inflation continues to hit FMCG industry, urban growth expected to slow in H1/2025: Kantar report

New Delhi, Dec 24 (PTI) Heading towards a slowdown amid inflationary pressures, the FMCG industry’s volume growth during August-October this year has dropped to 4.3 per cent from 6.4 per cent in the year-ago period, research and insight firm Kantar said in a report. Moreover, the FMCG volume growth was lower sequentially also as in the May-July period, this was 4.5 per cent, according to Kantar’s latest FMCG Pulse report. “We are in that last quarter, and the FMCG growth as of the quarter ending October is 4.3 per cent. This number is a far cry from the 6.4 per

People struggling with rising prices, govt sleeping like ‘Kumbhkaran’: Rahul Gandhi

New Delhi, Dec 24 (PTI) Leader of Opposition in the Lok Sabha Rahul Gandhi on Tuesday said that the people are struggling with rising prices and are forced to compromise on small things of daily needs while the government is sleeping like ‘Kumbhakaran’. Gandhi shared a video on his social media handles on his recent visit to a vegetable market in Giri Nagar here and interaction with housewives who narrated their ordeal due to rising prices of food items. “A few days ago, I went to a local vegetable market and while shopping with customers, I talked to the vendors

How to tax popcorn? India’s formula sparks outrage against GST system

NEW DELHI, Dec 23 (Reuters) – India’s move to tax popcorn differently based on its sugar or spice content has drawn criticism from the opposition and sparked social media outrage, with two former government economic advisers questioning the tax system introduced in 2017. The Goods and Services Tax (GST) Council, chaired by the finance minister and including state representatives, announced on Saturday that non-branded popcorn mixed with salt and spices would attract a 5% GST, pre-packaged and branded popcorn 12%, and caramel popcorn, categorised as a sugar confectionery, 18%. The differential rates come into effect immediately, ending confusion over rates

Inflation, elections and war dominated 2024

Dec 23 (Reuters) – Inflation dropped in most economies around the world in 2024, but voters didn’t care. Angered by the hefty ramp-up in prices for everything from eggs to energy over the past few years, they punished incumbent parties at almost every opportunity. The pain of inflation lingers, and ruling parties took the blame in election after election. In the United States, higher costs helped Donald Trump win a second term as president four years after he was voted out of the White House and then falsely claimed election fraud. His supporters failed in their bid to overturn Trump’s

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