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Using fossil fuel as a cash cow: A big obstacle in India's energy transition

Using fossil fuel as a cash cow: A big obstacle in India's energy transition
mongabay.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mongabay.com Daily Mail and Mail on Sunday newspapers.

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After Budget newsflow on GST rates, demand hold key for ITC stock

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For a change, no increase in cigarette prices in this year's Budget

For a change, no increase in cigarette prices in this year s Budget
Experts say the likelihood of a tax hike for tobacco products and cigarettes was low in this year s budget because it was hiked sharply in Budget 2020
Manoj Sharma | February 2, 2021 | Updated 16:57 IST
Cigarettes and tobacco currently attract 28 per cent GST
In a relief to smokers, no new tax has been announced on cigarette and other tobacco products in this year s Budget. There were speculations before the Budget that the Centre will hike sin tax in order to increase revenue amid financial crunch in wake of coronavirus pandemic. The government had raised cigarette prices sharply in Budget 2020. ....

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Indian government's budget dilemma – curb the sale of cigarettes or let the over $12 billion tobacco industry provide the much needed cash

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Indian government’s budget dilemma – curb the sale of cigarettes or let the over $12 billion tobacco industry provide the much needed cash
Indian government’s budget dilemma – curb the sale of cigarettes or let the over $12 billion tobacco industry provide the much needed cash
Sanchita DashJan 19, 2021, 10:09 IST
BCCL
The Indian government has proposed several changes to the Cigarettes and Other Tobacco Products (Prohibition of Advertisement and Regulation of Trade and Commerce, Production, Supply and Distribution) Act, 2003.
The changes are proposed to promote healthy living as almost 267 million Indians today consume tobacco in one form or the other.
However, the changes are set to hit India’s tobacco industry and pose a dilemma for some of its biggest tobacco companies like ITC and Godfrey Phillips. ....

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