The Indian government has issued several notices to leading companies, including Infosys, Eicher Motors, and Patanjali Foods, for alleged GST evasion. These notices have been issued for amounts ranging from 15 lakh to a staggering 32,403 crore rupees. Kerala has also made a demand for a 60% share in GST revenues for states, which was discussed in a recent GST Council meeting. While the implementation of machine registration for tobacco products has been completed by GSTN, there are still many challenges that remain in simplifying compliance with GST regulations. Indian Overseas Bank has taken a proactive step towards supporting startups by launching a dedicated branch in Chennai.
Patanjali Foods, a major name in the edible oil industry, has announced its plans to acquire Patanjali Ayurved's home and personal care business for a whopping Rs. 1,100 crore. With this move, Patanjali Foods aims to solidify its position as a leading FMCG company. The acquisition, deemed to be a fair value and arms' length transaction, is being carried out by PAL, one of the promoters of Patanjali Foods.
The Supreme Court of India is set to hear a case of contempt against Patanjali Ayurved, founded by yoga guru Ramdev and Acharya Balkrishna, over its misleading advertisements. This comes after the top court rejected the company's "unconditional apology" and questioned the founders' attitude towards the issue. The court also criticized Ramdev for providing a backdated ticket as an excuse for not appearing in court. IBNS aims to provide unbiased and factual news without any bias towards any political or religious ideologies.
The Supreme Court expressed its concern about FMCG companies deceiving innocent consumers and playing with public health. During the hearing, the court also pulled up Patanjali and extended its reservations to all FMCGs, stating that they are concerned with larger consumer base and larger industry. Attempts to have the court's orders tempered with mercy remained unfruitful and the court emphasized that the health of the public should not be compromised for the company's profit. Detailed reports about the hearing can be found in various media outlets.
The Supreme Court has rejected the apologies filed by Patanjali founders Ramdev and Balkrishna for their company's misleading ads, saying "we are not blind" and "we do not want to be generous." The court also criticized the Uttarakhand licensing authority for not taking action against Patanjali and demanded the suspension of three officers. The court's strong statements come after the company's attempts to apologize were seen as insincere and the government's failure to act against the violations.
The Supreme Court has refused to accept the apology of Patanjali and its founders, Balkrishna and Ramdev, for false and misleading advertisements. The court lashed out at the company for its deliberate violation of its undertaking and warned of serious consequences. The Central Government also stated that it is the individual's choice to opt for Ayush or allopathy and denigrating a healthcare system should be discouraged for the sake of public interest and mutual respect.
The Supreme Court has firmly stated that it will not accept the "unconditional and unqualified" apology submitted by Baba Ramdev and Patanjali Ayurved Managing Director Acharya Balkrishna in response to contempt of court notices issued against them by the Indian Medical Association. The court made this decision after expressing dissatisfaction with the previous apologies filed by the duo and finding fault in their attempts to avoid appearing before the court by citing travel abroad. The court has scheduled another hearing for the matter on April 16.
The Supreme Court has refused to accept a second round of apologies from yoga guru Baba Ramdev and Patanjali Ayurved Limited in a contempt case regarding misleading advertisements. The court flagged concern about FMCG companies taking advantage of the gullible public while the government fails to regulate them. The objectionable advertisements by Patanjali Ayurved, claiming to cure various illnesses including COVID-19, were deemed deliberate and wilful violations of the Drugs and Magic Remedies Act. The apex court had previously directed the company to refrain from making any statements about the efficacy of their products, but they continued doing so.
The Supreme Court has slammed the Uttarakhand government's drug licencing authority over its failure to take action against misleading ads for Coronil, a supposed "cure" for COVID-19, by Patanjali Ayurved, run by Baba Ramdev and Acharya Balakrishna. The court showed no mercy for the official who begged for mercy and suspended three of its officers. The controversy has sparked outrage over the lack of action and accountability in the government.
Patanjali Ayurved, India's leading Ayurvedic company, has issued an "unqualified apology" to the Supreme Court for flouting its previous orders and continuing to peddle misleading advertisements and criticism against modern medicine. This comes after the apex court had issued a ban on the company's medicine ads with false claims and had also issued contempt of court notices against its owners, Swami Ramdev and Acharya Balkrishna. The court had earlier reprimanded the company and its counsel had assured that they would not issue any misleading ads, but Patanjali Ayurved continued to do so, leading to strong reprimand from the court.