Thursday, November 27, 2014

Proposal to ban sale of loose Cigarettes pulls down ITC shares 1.3%

On hearing about the proposed anti-smoking legislation suggesting a ban on sale of loose cigarettes, ITC shares fell 1.3 per cent Thursday. The proposal which has been sent to the Cabinet for approval also suggested an increase in the minimum age of smoking to 25 years. Some of the other points included banning designated smoking zones in hotels and airports, banning tobacco advertising on Internet and mobiles. Another proposal is to set up special courts ...

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