Tuesday, 17 January 2017

Budget 2017: Government mulls tax on junk food and sugary drinks

1453573545-2449
A proposal has been made by a group of secretaries on health, sanitation and urban development to tax junk food and sugar-sweetened beverages in the upcoming budget, reported Times of India.

The 11-member group also suggested that the money collected with tax should go to the health services.
Budget 2017
"In our presentation to the PM, we suggested higher taxes on junk food and sugary beverages because consumption of such products is growing fast and fuelling several lifestyle diseases like obesity, diabetes and heart disorders. We have also suggested that revenue earned from such tax be invested in health schemes," said a member of the group.

Such a proposal has been in the pipeline for aver a year now. Also, the government did form an inter-ministerial committee to discuss the proposal to impose strong measures like higher taxes and restrictions on endorsements and advertisements of such products on TV.

No comments:

14th BRICS summit to review current global issues, reach key agreements

  At the   14th BRICS summit   which is to be hosted by China in a virtual mode on 23-24 June, the member nations will review the current gl...