It seems governments worldwide have embraced what economists call "sin taxes"—taxes on goods considered harmful to society, like sugary drinks, tobacco, and alcohol—as both a quick fix to budget imbalance and to preserve public health.
Now, as India's Group of Ministers (GoM) considers hiking the Goods and Services Tax (GST) on these so-called sin goods to 35 percent, there's much to dissect about the real impact of such measures.
The idea behind a sin tax is pretty straightforward: make harmful products more expensive, so people buy less of them. It's about nudging us away from bad habits while boosting government funds. Take a moment to think about where that tax-generated revenue goes and whether taxes actually work.
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Rahul underlines importance of sticking to basics in Test cricket
After his failure to replicate the success of Perth in Adelaide, there were growing calls of dropping KL Rahul back to No.6, but the Karnataka right-hander continued to enjoy the backing of the team management, and walked out as the opener at the Gabba.
India to host World Boxing Cup Final 2025 and World Boxing Congress
The Boxing Federation of India (BFI) on Tuesday announced that the country has been awarded the hosting rights for the prestigious World Boxing Cup Final 2025 and the World Boxing Congress 2025, scheduled to take place in November next year.
BGT 2024-25: Injured Hazlewood likely to miss remainder of series
Australia's decision to rush back Josh Hazlewood for the Gabba Test backfired as the 32-year-old broke down in the middle of the third Test of the Border-Gavaskar Trophy, and potentially runs the risk of missing the remainder of the ongoing Test, and the series, as well.
England become first team to feature in unwanted record
Records flattened one after another after New Zealand gave a perfect send-off to their stalwart Tim Southee in the third Test against England on Tuesday.
Cummins becomes captain with third-highest Test wickets
Australian skipper Pat Cummins reached another high in his career, as he overtook legendary Garfield Sobers (West Indies) and Daniel Vettori (New Zealand) to become the player with third-highest wickets as a captain.
Indian tail frustrates Australia by avoiding follow-on in Brisbane Test
Jasprit Bumrah, Akash Deep defy Aussie bowling attack after KL Rahul, Ravindra Jadeja hit half-centuries
Korou Singh extends Contract with Kerala Blasters FC
Indian Super League (ISL) outfit Kerala Blasters FC announced that young attacker Korou Singh Thingujam has signed a contract extension with the club until 2029, an ISL press release stated.
Sandhu, Kang share lead at Asian Tour Qualifying School
Veteran Korean golfer Kyung-nam Kang and India's Ajeetesh Sandhu's bids to secure coveted Asian Tour cards for next year started perfectly on Tuesday when they took a share of the first-round lead in the Final Stage of the Qualifying School at Lake View Resort and Golf Club, Thailand.
Nigeria's Lookman on top at African Football Awards
Nigeria forward Ademola Lookman has been named the 2024 African Footballer of the Year at the Confederation of African Football (CAF) Awards in Marrakech, ESPN reported.
Slot feels 'pity' for sacked Southampton coach Russell
Following a 5-0 home defeat to Tottenham Hotspur on Sunday, Southampton sacked their manager Russell Martin, with the side currently bottom of the Premier League table.
