Nestle India’s shares plunged 5.4% on Thursday to Rs 2,409.55 on BSE, following revelations of adding sugar to baby food in India but not in Europe or the UK. The health ministry expressed concern. This marked Nestle’s worst single-day drop in 3 years.
Higher capital gains tax: Who benefits the most?
Excluding tax havens such as Hong Kong, Singapore and the UAE, India’s capital gains tax remains one of the lowest globally, especially as the amount