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VIJAYAWADA: The Health Department has urged all government departments to refrain from accepting sponsorships, displaying advertisements, or using symbols with tobacco manufacturers. It directed that no sports, cultural, or public events be conducted in collaboration with tobacco companies. The department emphasised that these measures are part of the Union Ministry of Health and Family Welfare's national strategy to curb tobacco consumption and prevent industry influence on public institutions ...Read More >
The GoM on GST has proposed raising taxes on sin goods like cigarettes, tobacco, and aerated beverages to 35% from the current 28%, impacting stocks like ITC and Godfrey Phillips. (Read more below) The Group of Ministers (GoM) on Goods and Services Tax (GST) rate rationalization has proposed significant changes to tax rates, sparking debates and market reactions. Among the headline recommendations is a steep tax hike for sin goods like aerated beverages, cigarettes, and tobacco products, raisin ...Read More >
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