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According to the bill's Statement of Objects and Reasons, "Compensation cess levied on tobacco and tobacco products, wherever applicable, will be discontinued once interest payment obligations and loan liabilities under the compensation cess account are completely discharged." The amendments are needed to provide "fiscal space to increase the rate of central excise duty on tobacco and tobacco products so as to protect tax incidence." This restructuring represents one of India's most aggressive tobacco tax moves since GST implementation in 2017, when the Central Excise Act was significantly curtailed

It may take time to fully recover, but at least the damage stops progressing and that alone is a big step

Reclusive Cayman Islands-based billionaire, Kenneth Dart has solidified his credentials as a contrarian investor in the past three months or so with a growing bet on Paddy Power owner Flutter Entertainment

For more information on the various types of coverage available to tenants, visit our main Renters Insurance page to see how you can customize a policy that fits your lifestyle and budget

It skillfully merges various interests, making it a versatile piece for diverse social settings from casual hangouts to themed events

The packaging has been redesigned with a matte black body and a sophisticated silver foil logo