Karnataka government has called on the Union Government, in the forthcoming Union Budget 2026-27, to ensure revenue protection for States post-GST rationalisation, share excise duty and cess on pan masala and tobacco products, release pending Central dues under flagship schemes such as th
Cigarettes and other tobacco products are set to become significantly more expensive from February 1, 2026, after the Centre announced a steep hike in excise duties, citing rising public health costs, and long-standing revenue leakages in the sector.
The Government has notified the Central Excise (Amendment) Act, 2025, effecting a substantial increase in excise duties on unmanufactured tobacco, manufactured tobacco, tobacco products, and tobacco substitutes.
The Lok Sabha was adjourned for the day on the fourth day of the winter session, with the House scheduled to reconvene on December 5 at 11:00 AM. The Rajya Sabha was also adjourned shortly after.
Union Finance Minister Nirmala Sitharaman is likely to move the Health Security se National Security Cess Bill, 2025 for consideration and passing in the Lok Sabha on Thursday.
Finance Minister Nirmala Sitharaman on Wednesday hit back at the Congress leaders who took a jibe at the government over the IMF's annual review of India's national accounts statistics giving the data Grade 'C' and asserted that the IMF report does not question the growth figures. She sai
Following the introduction of GST in 2017, the Centre had decreased central excise duties on tobacco and tobacco products to allow for the levy of compensation cess in GST without large impact on tax incidence. This bill seeks to amend the central excise rates, as the cess will be discont
Finance Minister Nirmala Sitharaman introduced two bills in Lok Sabha on Monday, the first day of Winter session of Parliament, aimed at levying cess on tobacco products and its manufacturing.
New Delhi [India], August 9: Travel News India Private Limited today announced the official launch of its new travel retail brand Globiq, marking a major expansion into the fast-growing retail landscape of India and South Asia. Globiq will offer travellers and commuters a unique, high-qualit
Delhi Police arrested 24-year-old Malya Das from West Medinipur for defrauding seniors by posing as a telecom representative. He siphoned Rs 1,51,700, which was funnelled through his HDFC account for online gaming.