Subscribe To Print Edition About The Tribune Code Of Ethics Download App Advertise with us Classifieds

MFN suspension won’t impact ops, says Nestle India

The fast moving consumer goods (FMCG) giant Nestle India on Thursday said the suspension of the MFN (most favoured nation) clause granted to India by Switzerland will have ‘no impact’ on the company. The suspension of the MFN status under...

PTI

New Delhi, Updated At : 07:54 AM Dec 20, 2024 IST

The fast moving consumer goods (FMCG) giant Nestle India on Thursday said the suspension of the MFN (most favoured nation) clause granted to India by Switzerland will have ‘no impact’ on the company.

The suspension of the MFN status under the Double Taxation Avoidance Agreement (DTAA) is a policy issue between the government of India and Switzerland and is not ‘Nestle-specific’, the FMCG firm said in a statement.

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by : SORTD