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NEW TOBACCO TAXES
ITC bulking up with products rich in protein and fibre: Sanjiv Puri“India is also a protein-deficient market. We already have offerings such as high-protein atta, soya chunks and protein shakes, and we will...- Iran fires missiles, US strikes Iran facility after reports of faltering peace talksIran's paramilitary Revolutionary Guard said it had targeted the headquarters of the US Navy's 5th Fleet in Bahrain and another country in ...
- Iran's inflation hits highest level since World War II as unrest and sanctions biteIran is currently navigating a perilous economic landscape as inflation reaches alarming heights not seen since the aftermath of World War ...
- 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 ...
- Measures like tax relief, import curbs can shield India from West Asia crisis: ReportIndia must adopt tax moderation and targeted import curbs to boost exports and shield against the West Asia crisis. A report suggests restr...
- These 8 private and public banking stocks have an upside of up to 27% in one year, according to analystsInflation is at a 13-month high, primarily led by a rise in food prices. And with an impending fuel price hike, it could spike even more. A...
- ITC, Godfrey Phillips shares rally up to 7% on reports of 17% hike in cigarettes priceITC and Godfrey Phillips India shares jumped up to 7% on Wednesday after a report said both companies may raise cigarette prices by as much...
- IPL teams appeal for tax rematch: 'Treat event as sport, not entertainment'Indian Premier League teams are asking the government to reclassify match tickets. They want IPL games treated as sports, not entertainment...
- DGGI officers arrest Kapil Chugh over Rs 1,825 cr GST refund fraudDGGI officers have arrested Kapil Chugh, the alleged mastermind behind an Rs 1,825 crore GST refund fraud. Chugh, who evaded multiple summo...
- ITC, Godfrey Phillips shares crack up to 19% on New Year’s Day. What’s the bad news?Tobacco stocks like ITC and Godfrey Phillips saw significant drops on Thursday. This follows the finance ministry's notification of an addi...
- Centre plans new health and security cess to keep tobacco taxes high as GST compensation levy endsIndia is set to introduce new taxes on tobacco products like cigarettes, pan masala, and gutkha. This move comes as the Goods and Services ...
- Budget 2025: Will FM Nirmala Sitharaman increase 'sin tax'?The Indian government held steady on sin taxes for tobacco in the latest budget. Cigarette taxes remained unchanged. A proposed 35% GST on ...
- Tobacco sends $1 trillion up in smoke every yearIn 2013-2014, global tobacco excise taxes generated nearly $269 billion in government revenues. Of this, less than $1 billion was invested ...
- Golden Tobacco to challenge Rs 80.71-crore penalty before ITATThe commissioner of Income Tax (Appeals) has confirmed penalty on the company for assessment year 1984-85 and 1986-87 totalling Rs 80.71 cr...
- 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...
- '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.
- Increase taxes on tobacco products to curb demand: WHOEven as India made progress in increasing taxes on cigarettes between 2012-14, it has little effect as the "modest hikes" were compensated ...
- World Bank exits event funded by tobacco companiesMinister of state for finance Jayant Sinha has also refused to participate in the event. Sinha's name also featured earlier on the website ...
- 10 per cent hike on tobacco products to reduce consumption: Public Health Foundation of IndiaThe study highlighted that a 10 per cent increase in bidi prices will lead to almost 5 per cent decrease in consumption.
- Government to tax tobacco more to reduce consumptionUnion health minister Harsh Vardhan is for levying increased taxes on tobacco and tobacco-related products to discourage its consumption.
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