Retailers Call For Rethink After Steep Tobacco Tax Hike
Indian retailers have asked the government to reconsider a sharp hike in excise duty on tobacco products, warning it could hurt small businesses and boost illicit trade, according to FRAI.
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Illicit Trade Casts Shadow On India’s Progress Towards Achieving $5 Tn Economy: Anurag Thakur
- by BW Retail World Bureau
- September 30, 2023
Union Minister Anurag Thakur on Friday said that the surge in illicit trade is a troubling consequence of globalisation which casts a shadow on the country’s progress toward achieving a 5 trillion-dollar economy. Addressing the 9th edition of FICCI CASCADE’s ‘MASCRADE 2023’, Anurag Thakur said, “Illicit trade, whether conducted through activities like smuggling, counterfeiting, or […]