India traders in Tamil Nadu pull Coke and Pepsi off shelves in protest against PETA



NEW DELHI // Traders in Tamil Nadu angry at a US-based animal rights group have turned their ire on two iconic American brands, pulling Coke and Pepsi from shelves in the south India state.

The Tamil Nadu Traders Association said the soft-drink makers were draining too much water in the state, but that they targeted the American brands because the People for the Ethical Treatment of Animals (PETA) had pushed the 2014 ban on the popular tradition of bull-taming.

The trading association said the ban, which went into effect late on Wednesday, was supported by more than 1.5 million shop owners and beverage sellers.

In a separate case, a court on Thursday lifted restrictions on water supplies to Coke and Pepsi factories in the drought-prone state.

In January, Tamil Nadu was rocked by protests by tens of thousands of people demanding that the ban on bull-taming, or jallikattu, be lifted. The government rushed new legislation exempting the tradition from animal cruelty laws.

During the protests, thousands of protester turned their anger against PETA to other American multinational companies and vowed to shun sodas made by them. Traders pledged that they would not sell colas and would instead stock locally made soft drinks or coconut water.

“On March 1, following a campaign among traders and the public against foreign brands, we implemented the decision of our association members to sell only domestic brands of beverages,” said AM Vikrama Raja, president of the trade group.

In the court case, the Madras High Court announced that it was removing restrictions on the supply of water to Coca Cola and PepsiCo’s factories in Tamil Nadu.

In November, the court had barred the two companies from using water supplies after farmers complained about water shortages in the state’s Tirunelvelli district where the factories were located.

* Associated Press

Tips for newlyweds to better manage finances

All couples are unique and have to create a financial blueprint that is most suitable for their relationship, says Vijay Valecha, chief investment officer at Century Financial. He offers his top five tips for couples to better manage their finances.

Discuss your assets and debts: When married, it’s important to understand each other’s personal financial situation. It’s necessary to know upfront what each party brings to the table, as debts and assets affect spending habits and joint loan qualifications. Discussing all aspects of their finances as a couple prevents anyone from being blindsided later.

Decide on the financial/saving goals: Spouses should independently list their top goals and share their lists with one another to shape a joint plan. Writing down clear goals will help them determine how much to save each month, how much to put aside for short-term goals, and how they will reach their long-term financial goals.

Set a budget: A budget can keep the couple be mindful of their income and expenses. With a monthly budget, couples will know exactly how much they can spend in a category each month, how much they have to work with and what spending areas need to be evaluated.

Decide who manages what: When it comes to handling finances, it’s a good idea to decide who manages what. For example, one person might take on the day-to-day bills, while the other tackles long-term investments and retirement plans.

Money date nights: Talking about money should be a healthy, ongoing conversation and couples should not wait for something to go wrong. They should set time aside every month to talk about future financial decisions and see the progress they’ve made together towards accomplishing their goals.

Bob Honey Who Just Do Stuff
By Sean Penn
Simon & Schuster

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