Photo: Euro News
Tobacco Industry Likely To Suffer Loss Due To Newly Proposed Rules
Following government's new and stricter rules regarding tobacco sale in India, companies such as ITC and Godfrey Phillips are expected to face severe blows. According to Reuters report, entities contributing to the $12 billion tobacco industry have started opposing the new rules. Reportedly, ITC generated a whopping $6 billion from cigarettes alone in FY2020. The Federation of Retailers Association of India has claimed that the changes have… read-more
Tags: Tobacco Products, ITC, Godfrey Phillips, business
Courtesy: Business Insider
Photo: TIME
Indian Govt Plans To Amend Smoking Age From 18 To 21 Years
Drafting the Cigarettes and other Tobacco Products Amendment Act, 2020, the Indian government has been planning on increasing the legal age of smoking from 18 to 21 years. The bill proposes to ban designated smoking rooms in restaurants and airports as well as increase penalties for rule-violation in public areas. The government have sought to ban loose cigarettes and penalize seven years jail-term with Rs 1 lakh fine for selling tobbaco to… read-more
Tags: Government of India, Cigarettes and other Tobacco Products Act, Tobacco Products, National
Courtesy: Business Today
