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GST on cigarettes, tobacco, aerated beverages may be hiked to 35%; GST Council decision on 21 Dec

Currently, GST on beverages, cigarettes, tobacco and related products are 28 per centNew Delhi: The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35...

Illicit trade valued at Rs 7,97,726 cr in India: Report

The report highlights that the illicit market for textiles and apparel alone stands at Rs 4,03,915 crore, accounting for over 50% of the total illicit trade.New Delhi: A new report launched by FICCI CASCADE, in collaboration with the Thought Arbitrage...

Pan masala makers to pay Rs 1 lakh penalty from 1 Oct for failure to register machines with taxmen

The move to overhaul the registration, record-keeping, and monthly filing of such businesses was aimed at improving GST compliance for manufacturers of pan masala and tobacco productsNew Delhi: The government has notified 1 October as the date for implementation...

Retailers urge Modi not to frame harsh tobacco policies

Contending that their economic and social life has been severely affected due to the 85 per cent pictorial warning on packaging norm, retailers of tobacco products on Monday urged Prime Minister Narendra Modi not to frame harsh policies against...

Tobacco farmers, retailers demand roll-back of 85 pc pictorial warnings

Over 300 tobacco farmers and small retailers held a protest march on June 1 in the national capital demanding roll back of 85 per cent pictorial warning on tobacco products. The protesters raised concerns that the increase in pictorial warning...

Government to ban FDI in tobacco sector

After directing the mandatory 85 per cent pictorial warnings on cigarette packets, the Government is now planning to put a complete ban for FDI in the tobacco sector. In the present scenario, FDI has got permission in technology collaboration which...

AAP's tobacco fix: Label it food item, then ban it

The Health Department of the Delhi government has recommended that the Centre amend the definition of food and label tobacco as a food item in the Food Safety and Standards Act 2006. "It is mentionable that no government will allow...

Ravi S Naware of ITC Foods will paint the big picture at IRF 2007

Ravi Naware, divisional chief executive, Foods Business, ITC Limited, will present an ‘India Overview’ at India Food Forum launch session on September 4, at India Retail Forum (IRF) 2007.Naware graduated as a Chemical Engineer from IIT Mumbai and completed...
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RBI permits UPI transactions via prepaid payment instruments using third-party apps

A PPI issuer, in its capacity as a payment system provider, should not oonboardcustomers of any bank or any...
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