Page 2 - Cigarette Industry

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

Shares of the cigarette maker hit 52-week high after the Budget left taxes unchanged

Cigarette makers fume as govt proposes changes to anti-smoking law

India has over the years introduced tobacco controls and launched campaigns to deter its use, but enforcement of the law has been a challenge

Central government drafts law to raise legal age of smoking to 21 years

The Centre has prepared a bill to raise the age for allowing sale of cigarettes and tobacco products to 21 years from the current 18 years

ITC gains even as Street is divided on tobacco biz dependence, other issues

Brokerage upgrades led to a six per cent rise in the stock since the start of the month

ITC weighs 'alternate structure' for hotels business for value creation

Puri also said that there were many smaller pieces in the portfolio that required support from institutional strengths, and that's why they structured the way they were

Why ITC's Sunrise Foods deal is positive but unlikely to push up valuation

While the deal offers distribution and sourcing synergies, pressure on dominant cigarette business remains

Cigarette sales may see steepest dip in 20 years on lockdown, tax rise

The sector witnessed the last steepest decline in 2015 when sales volume contracted by 8.2 per cent

Why high cigarette taxes hurt the economy

Loss of jobs due to increase in smuggling and counterfeiting is not on the radar of policy makers

Godfrey Philips ups market share on higher volumes amid tepid demand

Despite market burn, tobacco major posts 13.1% volume growth

Philip Morris in talks with Altria to create $200-billion tobacco group

Analysts and investors have long speculated that the companies would merge

How Big Tobacco, e-cigarette makers are jousting for favourable regulations

At stake is a 110 billion per annum sticks cigarette market with 11.3% of world's cigarette smokers in India

Government lost Rs 130 billion to cigarette smuggling, says FAIFA

Over the years, Directorate of Revenue Intelligence (DRI) has been conducting raids to seize smuggled cigarettes from the international borders

Lower taxes to fire up revenues, earnings for cigarette makers

After 5 years of decline, cigarette industry expected to post volume growth under GST framework

Cigarette sector poised for 5% growth on stable VAT

Thanks to stable tax rates on the cigarette industry across the states in the country and the Centre's recent seemingly soft stance on the sector, the cigarette industry in India is poised for a five per cent volume growth in the coming fiscal year.For the past three years, except Rajasthan, no other states have toyed with the value added tax (VAT) rate in the tobacco sector. While states like Uttar Pradesh, Himachal Pradesh and Jammu & Kashmir, which together accounts for six per cent of the total cigarette consumption, charge an average 40 per cent VAT on tobacco consumption in their respective state, West Bengal, which accounts for eight per cent of the sales volume charge as low as 12 per cent on consumption. Chattisgarh, which accounts for three per cent of the sales volume charge half a per cent more than West Bengal."Over the years, the states have realised that they need to rationalise taxes on cigarette so that they will not lose revenue to non-duty paid ones on account ..

India steps up fight against Big Tobacco over health warnings

Govt wants manufacturers to cover 85% of a cigarette pack's surface in health warnings, up from 20% now