FAIFA warns of severe impact from tobacco tax hike
pre-market1 source ↓written by the desknot a recommendation
- in FCV crop
- 20% reduction
The Federation of All India Farmer Associations (FAIFA) warns that new excise duties on tobacco may lead to a 20% reduction in FCV crop offtake and loss of 2.6 million man-days of employment. This tax increase threatens the livelihoods of farmers and agricultural workers across several states, impacting the tobacco sector significantly. 📉
Not investment advice. For informational purposes only.