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Tobacco use has long been known to have a negative impact on the health of your gums, leaving them more susceptible to illness, tooth discoloration, and oral infection. Tobacco addiction can be as difficult to overcome as any other addiction, but have you ever sought expert help and been taught the intricacies of oral health infection? If not, you've come to the correct spot to learn everything you need to know about dental care and how to break your tobacco addiction one step at a tim...
The link between tobacco and oral health care
The government has put a cap on the maximum rate of GST compensation cess to be levied on tobacco products like cigarettes and pan masala, among other items. The cap is among the 75 amendments made in the Finance Bill, which was passed in Lok Sabha on March 24. The compensation cess has been linked to the maximum rate of their retail sale price. As per the Finance Bill, pan masala will attract the maximum GST compensation cess of 51 per cent of the retail sale price per unit. Curr...
Maximum GST compensation cess rate for tobacco products capped
Federation of All India Farmer Associations (FAIFA), a non-profit organisation representing the cause of millions of farmers and farmworkers of commercial crops, has appealed to Union Finance Minister Niramala Sitharaman to treat tobacco crop like any other agricultural produce. FAIFA, which represents farmers across Andhra Pradesh, Telangana, Karnataka, Gujarat, among others, also urged the Finance Minister not to put additional burden of taxes on legally manufactured products in India as...
Stable taxes on tobacco products critical for survival of FCV tobacco growers
Consortium for Tobacco Free Karnataka (CFTFK) and Karnataka NO for Tobacco (KNOT), a coalition working on cancer prevention, youth protection and tobacco control, on Monday urged Finance Minister Nirmala Sitharaman to hike taxes on all tobacco products in the 2023 union budget. They have also sent representation letters to the Members of Parliament from Karnataka urging them to take steps to increase the tax on tobacco products like cigarettes, bidis and chewing tobacco. According to th...
Tobacco control coalition in Karnataka seeks hike in taxes on tobacco products in Budget 2023
Tobacco and cigarette manufacturer VST Industries registered a 22 per cent growth in sales and logged 15.4 per cent growth in net profit in the quarter ended September 30, 2022. The operating margin of the company stood at 21.1 per cent despite inflationary pressures that increased overall expenses considerably. The earning per share (EPS) for the quarter under review stood at Rs 59.7 as against Rs 51.7 for the corresponding quarter of the previous fiscal, marking a growth of 15.4 per cent...
Tobacco player VST logs 22% sales growth in Q2
More than 1,000 youth from Bengaluru have written to Prime Minister Narendra Modi on Wednesday, requesting him to pass the COTPA (Cigarette and Other Tobacco Products Act) Amendment Bill 2020 in the ongoing Monsoon Session of the Parliament to save youth from tobacco. Along with the youth, Consortium for Tobacco Free Karnataka, Anti-Tobacco Forum, National Law School of India University, and others have also urged the Prime Minister to pass the COTPA amendment bill 2020 drafted by the Unio...
Prime Minister Narendra Modi urged to amend COTPA, save youth from tobacco
Steady results despite supply chain disruptions ITC limited is a diversified conglomerate with presence in FMCG, Hotels, Paperboards & Specialty Papers, Packaging, and Agri-business. The company directly employs over 36,500 people across businesses. * Standalone revenue rose 36.6% YoY (-8.1% QoQ) on the back of growth across verticals, partially hindered by lockdowns in Q1FY22. * EBITDA surged 50.8% YoY, as EBITDA margin expanded 300bps YoY to 31.0% owing to better product mix an...
Large Cap - Buy ITC Limited For Target Rs. 263 - Geojit Financial
Solid recovery led by cigarettes and paperboards; improving outlook; reiterate BUY Result Highlights * Result summary – Revenue growth of 37% YoY led by cigarettes/paperboards and steady performance from FMCG and Agri business. EBITDA margin contracted by 90bps QoQ however improved by 300bps YoY due to operating leverage. The margin is still below preāCovid levels owing to inflation in input cost. Subdued margin together with lower other income resulted from lower market yields tr...
Buy ITC Ltd For Target Rs. 283 - Yes Securities
Cigarette volumes improving gradually; EBIT growth still uncertain * ITC’sreported EBITDA was in line with our estimates as better-thanexpected Cigarettes and Paper and Packaging sales were offset by weaker than anticipated EBIT margins in Cigarettes, FMCG– Others, and Hotels. * Cigarette EBIT was up 36.7% YoY in 1QFY22 on a weak base (38.8% decline in 1QFY21). However, it was still 16.2% lower than 1QFY20 levels, and there is little indication of segmentalEBIT growth return...
Neutral ITC Ltd For Target Rs. 225 - Motilal Oswal
Consumer Online Foundation (COF), Patient Safety & Access Initiative of India Foundation (PSAIIF), The AWARE CONSUMER (TAC) and Healthy You Foundation in association with PHD Chamber of Commerce and Industry (PHDCCI), on the occasion of 'World No Tobacco Day' organised a webinar on Monday to deliberate on protecting the consumers who are getting victimised under the influence of NGOs of western countries and consuming spurious and inferior quality tobacco products. The webinar ...
Regulate unorganised tobacco trade
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