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AFFORDABILITY OF CIGARETTES
Boost to infra, agri investments and higher disposable income augurs well for FMCGThe decline in personal income tax slabs provides more disposable income in the hands of the consumers benefiting the consumer goods compan...01 Feb, 2023, 05.31 PM IST- Tax on cigarette: India doesn’t tax them enough, below best international practices, says reportIndia got an overall score of 1.88 out of 5 possible points, which is slightly better than the South-East Asia average (1.82), but lower th...16 Dec, 2020, 05.44 PM IST
- Morgan Stanley expects up to 46% upside in ITC share priceShares of ITC climbed 1 per cent to ₹252.90 on Friday.28 Sep, 2019, 04.05 PM IST
- Cigarette sales will continue to be under pressure in India: ReportIn case of the economy cigarette segment, total tax accounts for over 75% of the price, while it is 50% in case of premium cigarette brands...12 Oct, 2017, 08.49 PM IST
- Buy ITC Ltd., target Rs 320.0 : UBSBuy ITC Ltd. at a price target of Rs 320.0 and a stop loss at Rs $stopLossL from entry point06 Sep, 2016, 02.16 PM IST
- 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...19 Feb, 2016, 07.28 PM IST
- Tobacco products cheaper than essential food items: WHO study"Prices of tobacco products in the country have not increased substantially over time, thus making these products even cheaper than essenti...18 Feb, 2016, 03.27 AM IST
- 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...01 Sep, 2015, 03.48 PM IST
- 'Affordability of tobacco products sees 15% rise'WHO estimates that one person dies from tobacco-related disease every six seconds or so, equivalent to about 6 million people a year.08 Jul, 2015, 10.51 AM IST
- ITC, VST Industries rolling out premium variants, smaller-sized cigarettes to protect marginsSince consumers in the entry segment have cut back on cigarette smoking, companies are hopeful these strategies will help them protect marg...17 Jun, 2015, 03.24 AM IST
- Smokers hit hard as ITC plans to hike cigarette prices by up to 21%ITC is increasing cigarette prices by up to 21% in its sharpest hike at one go, to make up for higher excise duties proposed in the Budget.13 Mar, 2015, 04.00 AM IST
- Government's focus on cutting down smoking has meant continuous fall in ITC's performanceIn the Budget speech, the excise duty changes for cigarettes and tobacco products were shown under the sub-theme of promoting public health.03 Mar, 2015, 10.25 AM IST
- Ban sale of loose cigarettes: Voice of Tobacco Victims Kerala to PMVictims of tobacco use and their doctors, brought together under umbrella of Voice of Tobacco Victims Kerala, have appealed to PM to ban sa...15 Jan, 2015, 06.10 PM IST
- Poke Me: The Smoking LoungeThanks to the near-prohibitive hike in cigarette prices, lighting up will get a new meaning.11 Jul, 2014, 02.33 PM IST
- Gutka be banned: Centre tells SC but expresses reservation on cigaretteThe Centre today favoured banning of all kinds of gutka saying the poor are vulnerable to it but expressed reservation on banning cigarette...01 Oct, 2013, 08.50 PM IST
- Budget 2013: Cigarettes, cigars to become costlier by 15%As per Budget proposal, prices of entry-level smaller cigarettes, which are of the sub-65 mm length, will remain unchanged.28 Feb, 2013, 04.18 PM IST
- Budget 2012: Maintain tax stability in excise rates for cigarette/tobacco industry, says FICCIExcise Duty rates should be kept unchanged to leverage the tax efficiency of cigarettes by encouraging shifts from non-cigarette forms of c...17 Feb, 2012, 04.41 PM IST
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