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TOBACCO TAX REVENUE
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 ...
- ITC Q4 results: After margin surprise, all eyes now on cigarette tax impact, says Gaurang ShahITC Limited reported a steady March quarter. Strong operating margins were a key positive. EBITDA margins exceeded expectations. The compan...
- ITC Q4 preview: Will cigarette slowdown, tax hit weigh on earnings despite FMCG strength?ITC is expected to deliver a muted Q4 as cigarette volumes stay flat and higher taxes weigh on margins, despite strong double-digit growth ...
- FMCG sector set for steady Q4 on rural demand and volume growthThe FMCG sector anticipates a steady March quarter, buoyed by stable rural demand and urban recovery, despite subdued pricing in some segme...
- 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...
- Are there more sin taxes coming?Governments traditionally impose higher taxes, often known as 'sin' taxes, on products with adverse health effects, such as alcohol and tob...
- Revamping tobacco taxation strategies for high-burden Asian countries: ADBAccording to ADB, the study aims to evaluate progress, analyse the impact of previous tax recommendations, and propose new measures to furt...
- Uttar Pradesh, Karnataka and Maharashtra paid maximum tax for tobacco itemsIndia's central government has collected the highest amount of taxes from tobacco and tobacco products from the populous states Uttar Prade...
- Youth associations urge PM, finance minister to increase taxes on tobacco productsAccording to the associations, the Parliament Standing Committee on Health submitted a pertinent and comprehensive report on cancer care pl...
- Public health groups, doctors urge govt to hike excise duty on tobacco products in next Union BudgetPublic health groups, along with economists and doctors, have urged the government to increase excise duty on all tobacco products in the U...
- The GST cess shortfall – does tobacco hold the key?Tobacco is taxed at the highest slab of GST at 28 percent, being ‘sin goods’ and further attracting levies of additional duties like NCCD. ...
- Experts urge GoM, GST council, to increase cess on tobacco productsThe overall tax rate on all tobacco products in India is still very low compared to other middle-income countries, including those in South...
- 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 ...
- 'Sin Tax' on tobacco below 40% to have negative impact: Voluntary Health Association of AssamVHAA demanded at least 40 per cent sin tax with a provision for states' right to impose top-up taxes on all types of tobacco, like cigarett...
- 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...
- 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.
- Call for raising taxes on tobacco products to 65%Eminent personalities in socio-cultural & medical fraternity have urged Kerala govt to raise taxes on all tobacco products to 65% as a meas...
- Budget 2012: Government should tax all forms of tobaccoGovernment’s current administration of tobacco taxes neither serves the purpose of revenue generation, nor serves the public good and deter...
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