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'Tax hike raises tobacco smuggling risk'
January 05, 2026
|Financial Express Chandigarh
AN UNPRECEDENTED TAX hike, coupled with a new excise duty structure on tobacco, could lead to a surge in illicit trade of cigarettes and result in significant tax revenue losses for the country, experts said.
Earlier this week, the finance ministry notified amendments to the Central Excise Act, imposing an excise duty ranging from ₹2,050 to ₹8,500 per 1,000 sticks based on cigarette length, effective February 1. This duty will be over and above 40% GST. This would imply the overall tax hike of 60-70%, varying across lengths. Currently, the overall tax of about 50-55%, depending on the length. The unexpected tax hikes proposed in the transition
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Financial Express Chandigarh
Re falls 27 paise to close at 90.17 against dollar
THE RUPEE DECLINED 27 paise to settle at 90.17 against the US dollar on Friday, weighed down by elevated global crude oil prices and persistent foreign fund outflows amid rising geopolitical tensions.
1 min
January 10, 2026
Financial Express Chandigarh
BCCL IPO subscribed eight times on first day
THE INITIAL PUBLIC offering (IPO) of Bharat Coking Coal, an arm of Coal India, got fully subscribed within minutes of opening for bidding on Friday and later ended the day with eight times subscription.
1 min
January 10, 2026
Financial Express Chandigarh
97% of bank deposit accounts insured
WITH THE CURRENT deposit insurance limit of ₹5 lakh, 42.1% of the total value of bank deposits was insured during the three months to September last year as compared with 41.5% during the three months to March last year, data from the RBI show.
1 min
January 10, 2026
Financial Express Chandigarh
Govt's AGR lifeline to lift Vi's funding prospects
Telco gets 10-yr moratorium
1 min
January 10, 2026
Financial Express Chandigarh
Old school cool, new school rules
LOOKS RETRO, BUT RIDES LIKE THE R15
1 mins
January 10, 2026
Financial Express Chandigarh
Ashok Leyland aims to be among top 10 CV makers
HINDUJA GROUP FIRM OPENS ₹1,000 CR EV MANUFACTURING PLANT IN UP
2 mins
January 10, 2026
Financial Express Chandigarh
Trade deal stalled as Modi didn't call Trump: US Commerce Secy
A TRADE PACT between India and the United States stalled last year because Prime Minister Narendra Modi did not make a telephone call to President Donald Trump ahead of a deal, US Commerce Secretary Howard Lutnick said on Friday.
1 min
January 10, 2026
Financial Express Chandigarh
China shipments to India rise 33% during Apr-Nov
CHINA IS GRADUALLY emerging as a major export destination for India, with shipments rising 33% to $12.22 billion during April-November of the current fiscal, according to commerce ministry data.
1 min
January 10, 2026
Financial Express Chandigarh
Minimise tax outgo with timely harvesting of capital gains & losses
DO IT BEFORE MARCH 31 TO CAPTURE BENEFITS IN THE CURRENT FINANCIAL YEAR
2 mins
January 10, 2026
Financial Express Chandigarh
Nearly 73% fertiliser demand met via domestic output: Govt
NEARLY 73% OF the country's fertiliser requirement was met through domestic production, according to an official statement on Friday.
1 mins
January 10, 2026
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