New Delhi, April 8 (IANS) Illicit trade in India remains as a “shadow economy” that impacts consumer trust, honest businesses and public revenues, Minister of Consumer Affairs, Food & Public Distribution Pralhad Joshi said on Wednesday.The objective is not just consumer protection, but consumer prosperity, the minister said as he pointed to initiatives such as the Central Consumer Protection Authority, the National Consumer Helpline, and the Jago Grahak Jago campaign as key pillars in em…
Latest Illicit Trade News & Updates
New Delhi, April 7 (IANS) Large-scale tax evasion in Pakistan’s tobacco sector, resulting in estimated annual losses of over Rs 300 billion, has emerged as a major concern amid the country’s worsening fiscal stress, according to a local media report.The report by The Express Tribune highlighted that the illicit cigarette trade continues to significantly erode government revenues, even as authorities struggle to meet tax targets and manage a widening budget deficit.Pakistan’s fiscal position has …