While grocery shops are the only ones selling cigarettes since pan-and-cigarette shops remaining closed for the 21 days lockdown, these retailers are selling packs at Rs 5-15 more than their printed price citing limited stock, a senior industry executive said.
"As an organisation what is of utmost importance to us is our employees' health and safety. In fact about 10 days ago, we announced work from home just to ensure that nobody gets exposed, much before the lockdown," Wadhera told PTI.
Industry sources said that ITC has been introducing new variants and augmenting its product portfolio in the cigarette business. "Key market interventions in recent months include the launch of innovative and differentiated offerings such as Gold Flake Indie Mint, Gold Flake Neo and Classic Rich & Smooth in the premium end," according to sources.
The committee, besides increasing the legal age of tobacco consumption, has also recommended increasing the fine amount for violation of rules and introducing a provision of tracking and tracking mechanism to check illicit trade of cigarette and tobacco products, an official said.
"Upon the prohibition of electronic-cigarettes by the Ministry of Health and Family Welfare, it has been decided that e-cigarettes includes all forms of electronic nicotine delivery system (ENDS), heat not burn products, e-hookah and the like devices," stated the Bureau of Civil Aviation Security circular dated January 10.
ITC, which accounts for every three of four cigarettes sold in the country, has increased prices by 10% in the premium segment, while for the regular cigarette of 69-mm size the price has gone up by around 14-16%. In entry level sub-64 mm small size cigarettes, the hike is between 12% and 20% depending on the brands.
Price of cigarettes will go up by 6-7% in case of lower priced packs where the stick size is small and has borne the maximum increase in duties, while for the larger size sticks and premium packs the price hike will be 4-5%.
"We have previously raised the broader question of the group's corporate governance with the company.Jupiter does not dictate board structures to companies, but it is clear to us that a review of the group's governance would be beneficial to improve wider investor confidence, in keeping with the broader governance reform agenda already underway in India," Jupiter said
The KK Modi Family Trust is said to have put Godfrey Phillips India and other the family controlled businesses including wellness brand Modicare on sale as the trust members failed to unanimously decide on the future of management of their assets, according to documents in possession with ET.
Godfrey Phillips sells Marlboro brand of cigarettes and is among the country’s largest tobacco manufacturers.
“The Indian market is a very tough one for premium cigars because the taxes are so outrageous. The government does not differentiate between other tobacco products such as cigarettes and beedis which are addictive and very harmful and premium cigars which are luxury products, smoked occasionally and not inhaled,” Patel said.
A recipient of 2013 WHO award for fighting tobacco, he said the bill "partially addresses" the usage of e-cigarettes, which is less than 1 per cent of the real problem of nicotine abuse.
The Union Health Ministry has put the draft of a bill, that will replace an ordinance issued in September to ban e-cigarettes, in public domain seeking feedback and comments from public. The ministry intends to introduce the Prohibition of Electronic Cigarettes Bill, 2019, in the forthcoming session of Parliament.
While addressing a press conference in Delhi, Secretary Health and Family Welfare, Preeti Sudan on e-cigarettes ban and its punishment proposed said, “The punishment proposed is imprisonment up to 1 year or a fine of up to Rs. 1 lakh, or both for the first offence and imprisonment of 3 years or a fine up to Rs. 5 lakhs or both, for subsequent offence.
Association of Vapers India (AVI), an organisation representing e-cigarette users, said it is a black day for 11 crore smokers in India who have been deprived of safer options.
The Prohibition of E-cigarettes Ordinance, 2019, was recently examined by a Group of Ministers (GoM) following directions from the Prime Minister's Office.
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