According to the youth group, raising the excise duty on all tobacco products is a very effective policy measure that can address the central government’s urgent need to increase revenue.
Posted Date – Thu, 12 Jan 23 09:49 PM
representative image
Hyderabad: On National Youth Day, more than 2,000 youths, including the National Youth Association, have urged the Prime Minister and Treasurer to increase excise duty on all tobacco products in the upcoming 2023-24 Budget.
According to the youth group, raising the excise duty on all tobacco products is a very effective policy measure that can address the central government’s urgent need to increase revenue. This will be a winning formula for income generation and reduction of tobacco use and related diseases.
Some of the main proposals made by these youth groups include significantly increasing the existing tax burden, making tobacco products unaffordable and reducing the financial burden for vulnerable groups (especially young people), minimizing the gap between different tobacco products. tax differentials and simplify the restructuring of tobacco taxes by reducing the number of tax brackets and implementing stricter packaging rules.
“Using tobacco not only endangers our health, but also threatens the health of our friends and family members. In addition, tobacco users are at greater risk of developing serious cancers. I urge young people in India to break away from tobacco dependence and stay healthy , said ace badminton player and Olympian PV Sindhu.
