Tax Plan
How Modi govt's recently announced tax plan is squeezing the middle class
Trading in stocks and options, which has become a national craze since the pandemic, will now be taxed more strictly. That wasn't entirely unexpected
 "How Modi govt's recently announced tax plan is squeezing the middle class")
As employees return to office, cigarette demand may rise by 7-9% in FY24
Return of a large number of workforce to offices, coupled with a stable tax regime, is likely to push up cigarette demand by 7-9 per cent this fiscal, according to a report. Cigarette volumes saw an 18 per cent rebound in the last fiscal after the pandemic hit demand in the previous two financial years, the report by Crisil Ratings said on Thursday. Going forward, volume growth is expected to move closer to the long-term average of 5 per cent, the rating agency said in the report. On the other hand, profitability of manufacturers is likely to remain strong despite input cost pressures in FY24 as they focus on premium cigarettes and hike prices in select categories, the report said. Healthy balance sheets will support credit profiles, the report, which is based on an analysis of cigarette manufacturers accounting for over 90 per cent of the organised segment's sales volume, said. Anand Kulkarni, a Director at Crisil Ratings, said physical occupancy at the workplace plays a signific
 "As employees return to office, cigarette demand may rise by 7-9% in FY24")
Should Narendra Modi follow Donald Trump's strategy on tax rate cuts?
Both India and US have followed similar trajectories in tax rates since the 1970s
 "Should Narendra Modi follow Donald Trump's strategy on tax rate cuts?")
