cigarette tax in india India's parliament approves law that could raise taxes on cigarettes Shares of India's largest cigarette

Shares of India's largest cigarette maker ITC Ltd. fell the most in six years after the government imposed higher tax on tobacco products. Tap to read: https: www.hindustantimes.com business itc shares plunge most in six years after india raises India's war on tobacco Certainly we don't want cigarettes to become affordable," Finance Minister Nirmala Sitharaman said as she sought parliament's approval for the measure. Current taxes on cigarettes include a 28% goods and services tax PTI INFOGRAPHICS Excise duty hike on cigarettes to ensure tax burden proportionate to health impact A hike in excise duty on cigarettes from February 1 will ensure that such sin goods

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