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ILLEGAL CIGARETTES
FRAI urges govt to intensify crackdown on counterfeit products, illicit tradeRetailers are urging the government to intensify efforts against illegal trade and fake products, citing risks to consumer safety and the l...- No slowdown yet, but inflation and El Niño are risks: ITC's Sanjiv PuriITC Chairman Sanjiv Puri revealed plans for a Rs 20,000 crore investment over the medium term, including hotel expansion. He highlighted st...
- Why Fed's bubble blind spot is cause for anxietyNew Federal Reserve Chair Kevin Warsh may follow Alan Greenspan's approach of not intervening in financial bubbles, a strategy that led to ...
- Shopify to ban vapes as US authorities crack down on illegal e-cigarettes industryShopify is poised to ban all vape sales from its platform this week, responding to pressure from U.S. state attorneys general. This move ta...
- Philip Morris India calls for stronger enforcement and collaboration to disrupt illicit tobacco ecosystemAs per the Tobacco Institute of India (TII), in India, illicit cigarettes represent nearly one-fourth of the domestic market, with estimate...
- 2,400,000,000,000: Chinese are smoking nearly half of world's totalChina's cigarette consumption has surged by 39% between 2003 and 2023, contrasting with a global decline. Despite fewer young smokers, low ...
- On their toes: Brands step up anti-counterfeit drive as fake products flood marketsCompanies are fighting a rising tide of fake goods. Brands from toothpaste to cigarettes are changing packaging and tightening checks. Coun...
- ITC, paints, QSR: Abneesh Roy on what you should buy and avoid right nowConsumer sector outlook for FY27 faces challenges from cigarette tax hikes and crude oil shocks. Abneesh Roy of Nuvama Institutional Equiti...
- Could your next pack of cigarettes be funding criminal networks? Inside Western Canada’s billion-dollar contraband tradeWestern Canada faces a surge in illegal cigarette trade. This market links with organized crime. It affects public health and diverts gover...
- Budget 2020: Smokers to pay more on cigarettes, excise duty hiked on tobaccoPrice of cigarettes will go up by 6-7% in case of lower priced packs where the stick size is small and has borne the maximum increase in du...
- Illegal cigarettes account for one-fourth of market: ReportThe report by tobacco industry body The Tobacco Institute of India (TII), the steep tax increases on cigarettes have provided a boost to il...
- Use GST to curb illegal cigarette trade, tobacco body saysTobacco Institute of India director Syed Mahmood Ahmad said GST presents a unique opportunity to government to address the growing illegal ...
- ITC hits out at large graphic warning rule on cigarette packsThe performance of the cigarettes business during the quarter was subdued on account of continued regulatory and taxation pressures on the ...
- New health warnings on cigarette packs will threaten to commoditise the market: ITCThe company, which accounts for four out of five cigarettes sold in the country, said the new warning will lead to an increase in smuggling.
- High taxation reduces cigarette industry from 110 billion sticks to 95 billion sticks over last three yearsThe WHO report on tobacco taxation 2015 reveals that at 6.5% of per capita GDP, cigarette taxes in India are amongst the highest in the wor...
- Government needs to introduce tobacco regulation to prevent trade in illegal cigarettesSales volume has declined by as much as 15 per cent in the last two quarters, with the affordable sub-65 mm length cigarettes prices having...
- 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.
- Assam, Meghalaya losing Rs 700 crore every year to illegal cigarette tradeAccording to officials in Assam and Meghalaya governments, almost 23 crore illegal cigarette sticks are sold in these two states every mont...
- ITC to counter illegal cigarette market with a pack of new brands: Kurush Grant, Executive DirectorITC Executive Director Kurush Grant tells ET that new cigarette brands are pitched against illegal cigarettes that account for 20% of the m...
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