ITC Stock Drops on Higher Excise Duty, Health Cess in Budget
ITC shares fell after Budget 2026 proposed higher excise duty on tobacco and a new health cess on pan masala, effective Feb 1. Cigarettes set to get costlier. Full analysis inside.
ITC shares fell after Budget 2026 proposed higher excise duty on tobacco and a new health cess on pan masala, effective Feb 1. Cigarettes set to get costlier. Full analysis inside.
The government introduces a new tax structure for tobacco and pan masala from February 1, replacing the GST compensation cess with additional duties. Learn the impact.
India hikes excise duty on tobacco and imposes a health cess on pan masala from February 1, likely raising prices for 100 million smokers. Read the full details and impact.
Shares of ITC and Godfrey Phillips fell sharply after the government announced a hike in excise duty on cigarettes in the interim budget. The new rates are effective from February 1. Read for full market impact analysis.
The Indian government has increased the National Calamity Contingent Duty on cigarettes. Find out the new rates and the expected impact on prices and public health.
Nashik and Kolhapur saw massive police arrangements to prevent drunk driving and ensure safety on New Year's Eve. Over 1,000 home guards were deployed. Read about the security measures and community initiatives.
Planning a trip in 2026? Avoid visa denials & travel hiccups with this guide to 6 crucial passport rules for Portugal, Denmark, US, Bhutan & more. Make your holiday stress-free!
Saudi Arabia replaces its 50% flat tax with a four-tier excise duty based on sugar content from January 1, aiming to cut consumption. The UAE will implement a similar system in 2026. Read how this GCC health move affects prices.
Kerala vigilance uncovers deep-rooted corruption in liquor trade. Raids reveal bribes, fake records, and collusion between bar owners and excise officials. Read the shocking details.
ED's new chargesheet reveals a massive liquor scam syndicate in Chhattisgarh involving politicians & bureaucrats from 2019-2023. Read the shocking details.
Ludhiana excise department issues strict orders to bars and hotels, prohibiting liquor service to individuals below 25 years. Violations will lead to license suspension.
Kerala Vigilance conducts surprise raids at 66 bars & excise offices over illicit liquor sales & bribery allegations. Public urged to report corruption via toll-free number.
A shocking incident in Belagavi's Raibag where a toddler was forced to consume alcohol sparks outrage. Excise department vows strict action against the bar. Details inside.
Kochi Excise department launches a strict, multi-agency enforcement drive till Jan 5, 2026, to ensure safe celebrations. 24-hour control room active. Report anonymously.
Residents of Bengaluru's Indiranagar raise alarm over a new restobar, 'YU', operating within 70 meters of a school, alleging violations of excise rules. Read the full report on the community's concerns.
Pune excise department raided The Noir pub in Viman Nagar, booking 52 people and seizing items worth ₹3.67 lakh in an illegal liquor party. 21 squads formed for New Year vigilance.
Noida's excise department has issued 176 temporary licences for Christmas and New Year parties. Over 140 went to RWAs and housing societies. Read about the new rules and reduced fees.
Punjab liquor traders warn of financial stress, call for abolishing open IMFL quota system in 2026-27 excise policy. They cite oversupply and unsustainable competition as major threats.
Kerala excise officials arrested two men, including a murder case accused, seizing 11.65 gm of MDMA. The duo allegedly procured drugs from a Nigerian national in Bengaluru. Read the full details.
Karnataka government fixes a Rs 1.5 crore base price for CL-2 and CL-9 liquor licences in Bengaluru. Read about the impact on the prized permits last issued in 1992.
Mohali excise officials arrest a smuggler near Mataur village, seizing 25 cases of whiskey meant for illegal sale in Chandigarh. Read the full details of the crackdown.
Patna High Court orders return of stolen vehicles seized in liquor smuggling cases if owner is innocent. Landmark judgment protects victims from penalties for crimes of others. Read the full story.
Excise officials in KR Nagar, Mysuru, arrested two individuals and seized 974 grams of dry ganja near Thopamma temple. The accused were allegedly transporting the contraband for sale. Read the full details of the NDPS Act case here.
HRAWI requests Maharashtra govt to extend operating hours for bars & restaurants until 5 AM on Dec 24, 25, 31. Move aims to boost festive hospitality & tourism.
Sugreev Kumar, key owner of 'The Theka' in Gurgaon, arrested at Delhi airport in Rs 10-crore illegal foreign liquor case. Police have now detained five individuals in the major excise fraud.
Thiruvananthapuram excise department launches a special enforcement drive until Jan 5 to curb liquor and drug trafficking during Christmas and New Year. Public urged to report via helpline 0471-2473149.
Mapusa police arrest Ajay Gupta of Birch by Romeo Lane for allegedly forging a health officer's NOC to obtain an excise licence. Latest updates on the tragic fire case bail hearings included.
Karnataka begins a historic online auction of 38 defunct liquor licences in Dakshina Kannada & Udupi from mid-January. A state-wide move aims for transparency and revenue boost. Details inside.
Punjab's GST collections surge 16% to Rs 17,860 crore till November. Excise revenue also rises 8.64%. FM Cheema credits tech-driven enforcement & OTS scheme for boosting state finances.
Delhi government significantly raises the annual sacramental wine storage limit for churches from 91 to 4,000 litres ahead of Christmas. The excise rules have been amended to ease religious and industrial needs.