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Decoding Lok Sabha election results 2019: 6 reasons how the verdict became a pro-incumbency vote

272/543
L :0
W :353
L :0
W :92
NDA :353
UPA : 92
LOK SABHA ELECTION RESULTS 2019
Total Constituencies
543
Voter Turnout
67.11%
NDA : 353
2014 : 354 Seats
BJP
303
+
SS
18
+
Other
32
UPA : 92
2014 : 66 Seats
INC
52
+
DMK
23
+
Other
17
OTH : 97
2014 : 107 Seats
TMC
22
+
YSRCP
22
+
Other
53
Economy

Philip Morris says Godfrey Phillips charges machinery costs; calls it 'business expense'

Updated : March 14, 2019 08:21 AM IST

Philip Morris has for years paid manufacturing costs to Godfrey Phillips, despite a nine-year-old government ban on foreign direct investment in the industry.
Ahead of the ban, Philip Morris formed a new wholesale trading company with Godfrey in 2009, and the two sides signed a procurement agreement.
Philip Morris' director for corporate affairs in India, R. Venkatesh, said on Wednesday that under that agreement Godfrey "manufactures Marlboro cigarettes and recharges any costs related to special machinery for the manufacture" of those cigarettes to the global tobacco giant's Indian unit.
Philip Morris says Godfrey Phillips charges machinery costs; calls it 'business expense'
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