India moves to stub out tobacco with Roman law doctrine
New Delhi
THE Indian government is pushing the Supreme Court to apply a rarely used doctrine that would strip the US$11 billion tobacco industry's legal right to trade, an effort aimed at deterring tobacco companies from challenging tough new regulations.
New Delhi has for the first time asked the top court to classify tobacco as "res extra commercium", a Latin phrase meaning "outside commerce", according to a Reuters review of previously unreported court filing by the Health Ministry on Jan 8.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Holiday Inn owner IHG’s Q1 revenue up 2.6%, leisure travel demand remains strong
WSJ moves Asia headquarters from Hong Kong to Singapore
South Korea to slap fines on food suppliers for ‘shrinkflation’
Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share
Live Nation’s revenue beats estimates as boom in concerts drive ticket sales
Jim Beam owner bets on canned vodka cocktails to double revenue