Higher taxes will work in tandem with greater controls, and will help GoI pay for all the direct and indirect costs it incurs due to tobacco consumption. But higher taxes must be uniformly imposed, or users will simply shift from the expensive to cheaper product.
FRAI, which claims to represent 4 crore micro, small and medium retailers from across India with membership of 34 retail associations from northern, southern, eastern and western part of the country, said small retailers are already reeling under impact of the COVID-19 pandemic and "this fresh attack will be devastating for their families".
Tobacco kills more than 1 million people each year in India, according to the World Health Organisation. While no organ is immune to the destructive effects of cigarette smoke, it has one of the worst impacts on lungs.With the COVID-19 pandemic, the risk of respiratory problems for vulnerable populations has increased significantly, leaving smokers more exposed to negative health outcomes. The global observance of World No Tobacco Day on May 31 presents an opportunity to raise awareness around smoking risks, and to work with smokers to find effective strategies for quitting.Here are four practices smokers should adopt during COVID-19 to manage their stress and anxiety in a healthy way.
The tobacco industry body, The Tobacco Institute of India (TII), said the draft bill will have far reaching consequences for 4.57 crore people whose livelihood is dependent on this industry. These include small retailers, traders, farmers, tribals and tendu leaf pickers, it said.
India got an overall score of 1.88 out of 5 possible points, which is slightly better than the South-East Asia average (1.82), but lower than the global average (2.07) and scores of top performing countries (4.63), a Tobacconomic report said.
After KK Modi's death on November 2, 2019, his son Lalit Modi, who is now a fugitive in London, had sought sale of the family assets under the terms and conditions of the trust deed executed by his father, which envisages sale of assets if there is lack of consensus among the family members/trustees.
Ruchir Modi, a board member of Godfrey Phillips India, has alleged “serious irregularities and corporate governance issues” at the tobacco company and sought the intervention of the Ministry of Corporate Affairs and the Sebi into the matter.
London-based BAT has tried in the past to raise its stake and take over the cigarette maker, but local managers have seen it off using Indian financial institutions’ voting power. However, many investors are now wondering if empire-building by ITC’s management, in the garb of protecting national interests, has gone too far.
Welcoming the renewal of the Indian-Chinese Phytosanitary (related to plant) protocol on reviving the export of tobacco leaves to China, the Parliamentary Standing Committee on Commerce and Industry said that all efforts including consultations with the Chinese government should be made to restart the export at the earliest.
"Our plant at Rabale, Mumbai, has resumed manufacturing operations to produce for export purposes in accordance with the order issued by the government of Maharashtra for easing of restrictions," Godfrey Phillips India (GPI) said in a regulatory filing.
ITC had approached the court to restrain the Godfrey Phillips from infringing their copyright, and also from infringing company’s registered trademark ‘Flake’, which according to the company has enjoyed the gross sales of around Rs 6,603 crore during FY 2018-19. Now, ITC claims that the Mumbai-based company has launched new ‘deceptively similar’ packaging of its existing brand ‘Select’ to piggyback on its popular cigarette brand.
The Union Health Ministry Thursday notified new sets of specified health warnings with enhanced pictorial images to be printed on all tobacco products. The Cigarettes and other Tobacco Products (Packaging and Labelling) Third Amendment Rules, 2020 will come into effect from December 1.
The financial investigations into the dealings of the mastermind, who was recently arrested by the DGGI in another case, has indicated that he had opened a media house in which he declared his circulation of newspaper copies at 1.2-1.5 lakh per day while actually circulation was only 4,000-6,000 per day, it said.
FICCI CASCADE (Committee Against Smuggling and Counterfeiting Activities Destroying the Economy), said the seizure of foreign brand cigarettes worth Rs 11.88 crore from a container at Jawaharlal Nehru Port Trust (JNPT) in Navi Mumbai on June 12, by the Directorate of Revenue Intelligence (DRI) is one of the biggest seizures since lockdown.