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Smokers will have to pay more for cigarettes from February 1, as the Centre rolls out a new excise duty regime based on cigarette length, along with a health cess on pan masala and tobacco products. The move marks the first major tax increase on cigarettes in nearly seven years and aligns India’s tobacco taxation…

Mumbai: A day before the Union Budget, State Bank of India chairman CS Setty has sought a level playing field for tax treatment of all financial products, including fixed deposits. The chairman’s comment came in the wake of bank deposits continuing to lag credit growth as retail savings continue to pour into mutual funds.Responding to…