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FICCI CASCADE REPORT
Ficci pegs illicit trade at near Rs 8 lakh crore in 5 key sectorsIndustry body Ficci has urged for strict punishment and enhanced surveillance to combat illicit trade, which is estimated at Rs 7.97 lakh c...- India sees improvement in Global Terrorism Index; scaling of efforts can save USD 159 bn to money laundering"Illicit trade undermines national security, risks legitimate manufacturing, leaks government revenue, jeopardises public health and safety...
- Recent increase in smuggling in the North East can be due to economic distress insinuated by Covid: FICCI CommitteeVarious battalions of the forces intercepted smugglers transporting the illicit consignments using bikes, cars and trucks while hiding them...
- Sharp spike in smuggling of goods amid coronavirus pandemic: FICCI CASCADE"The perpetrators of illicit trade are always looking at innovative ways to deceive the system to carry out their activities. This deeply h...
- Spike in cigarette smuggling during COVID-19 lockdown: FICCI CASCADEFICCI CASCADE (Committee Against Smuggling and Counterfeiting Activities Destroying the Economy), said the seizure of foreign brand cigaret...
- Illicit products adversely affecting Indian industry: ReportAs per FICCI CASCADE, high tariff rates, brand consciousness, lack of awareness, cheaper alternatives and demand supply gap are among the m...
- Insurgents, militants funded by drug and fake currency trade: Assam DGP Mukul SahaySmugglers pay protection money to various insurgent groups who use these amounts in subversive activities, Assam Additional DGP Mukul Sahay...
- Cigarette, tobacco smuggling incidents jump 136% in 2yrs: ReportMaximum revenue loss to the exchequer came from illicit trade of tobacco products, mobile phones, alcoholic beverages, it said.
- Ficci urges government to clamp down on rising contraband tradeThe report by Ficci body CASCADE pegged the loss in seven industry sectors at Rs 1,05,381 crore, increasing 44.4 per cent between 2011-12 a...
- India lags behind in leveraging IPRs: CBEC ChiefNajib Shah also stressed on cooperation among key stakeholders for better enforcement of IPRs.
- 90% rise in consumption of smuggled cigarettes in India: ReportOver 56 per cent smokers prefer attractive packaging of foreign smuggled brands which does not adhere to Indian regulations like pictorial ...
- Online marketplaces preferred hub for counterfeiting, smuggling: ReportThe report was unveiled on Friday at a FICCI CASCADE International Conference on Illicit trade – Threat to national security & economy.
- Inadequate enforcement and lack of consumer awareness boosting counterfeiting in India: FICCIInadequate enforcement and lack of consumer awareness is boosting counterfeiting in India, a new report by industry body FICCI says.
- Assam to set up panel to study illegal trade in imported cigarettesAssam has seen an influx of cheap king-size cigarettes from Bangladesh, China and Myanmar into Assam, with Northeast has become a distribut...
- Illicit trade up in 2014, Rs 39,239 crore loss to exchequer: FICCI reportAmongst the various sectors, the maximum revenue loss was from counterfeiting and illicit trade is tobacco products 23% and Rs 9,139 crore.
- Government must keep illegal trade on a tight leash: FICCIReleasing a report on illicit markets here, Chand said such markets pose a threat to not only legitimate industries but also the nation.
- Manufacturing sector losses increased 44 per cent due to illicit trade: StudyMoreover, the government tax (direct and indirect) losses, increased by almost 50 per cent to Rs 39,239 crore in 2014 from Rs 26,190 crore ...
- Government loses Rs 26K crore in taxes to smuggling, counterfeiting: FICCISmuggling and counterfeiting is estimated to cost the government a whopping Rs 26,190 crore in tax losses annually, a study conducted by in...
- FDI in retail could check counterfeit merchandise: ExpertsUshering in FDI in multi-brand retail could ensure supply of genuine goods by eliminating the intermediaries involved in production and sal...
- Don't withdraw stimulus until strong recovery: FICCI to GovernmentAmid the raging debate over the timing of withdrawal of the stimulus packages, industry body FICCI on Tuesday asked the government not to r...
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