On Wednesday, Finance Minister Nirmala Sitharaman presented the Union Budget 2023 to Parliament. The Finance Minister announced that cigarettes would become more expensive due to a higher tax bracket.
“National Calamity Contingent Duty (NCCD) on specified cigarettes was last revised three years ago. This is proposed to be revised upwards by about 16 percent,” FM Sitharaman said.
All smokers right now: “Seh lenge thoda sa”. Chain smokers in India are currently stocking up on cigarettes as the customs duty has increased. ‘Jitne #cigarettes ke rate badh rhe, Gold Flake ka ek ek drag sunar ki dukan pr milega’.
The people who smoke frequently are not very happy with the budget. Meanwhile, the people who do not smoke are neutral about the situation. Hero-giri phu phu karne me nahi’. ‘After an increase in the rate of #cigarettes, Kabir Singh to Lok Sabha:’
Sitharaman began her speech by stating that this was the first budget in the ‘Amrit Kaal,’ and that she hoped to build on the foundation laid in previous budgets.
The Indian economy is on the right track and has a promising future. Our focus on reforms and sound policies, which resulted in Jan Bhagidari, aided us during difficult times, and our rising global profile is due to a number of accomplishments,” she said.