Menu

supreme court of india sc
Tobacco use accounts for nearly half of all cancers among males and a quarter of all cancers among females and it is estimated that there will be 1.5 million tobacco-related deaths annually

Concerned with the fate of smokers who suffer enormously due to the costly puff, the Supreme Court Thursday issued notice to Union government, the states and Union Territories among other stake holders on a PIL seeking a complete ban on the production of cigarettes and other tobacco products across the country.

A bench of Chief Justice R M Lodha, Justices Kurian Joseph and Rohinton Fali Nariman, however remarked, “It is for the law makers to decide” on the issue of ban on tobacco products.

It is reported there are about 275 million tobacco users in India. Tobacco use accounts for nearly half of all cancers among males and a quarter of all cancers among females and it is estimated that there will be 1.5 million tobacco-related deaths annually by 2020.

Cigarettes, which constitute only 12-13 per cent of India’s total organised tobacco consumption, give the government nearly 80 per cent of its tax revenues from tobacco products.

It is estimated that just the excise revenue from cigarettes is Rs 15,000 crore, since this product is taxed at a rate 47 times higher than other tobacco products like bidis, the tobacco industry sources said.

However, growth of the Rs 30,000-crore cigarette industry has been almost stagnant for some time.

The Union government in its recent budget hiked cigarette rates. The steep increase might bring down consumption of cigarettes.

It is also stated that India is home to roughly 10 per cent of the world’s tobacco smokers - next only to China.

Aditya Agrawal, who appeared for petitioner filmmaker Sunil Rajpal contended the money spent on the treatment of smoking-related ailments comes to Rs.30,000 crore per annum which “flies in the face of revenue earning arguments by the government on not banning the tobacco industry”.

Lawyer also stated that in 2003 Parliament enacted a law ‘The Cigarettes and other Tobacco Products (Prohibition of Advertisement and Regulation of Trade and Commerce, Production, Supply and Distribution) Act, 2003’ which has proved to be “ineffective as it is toothless”.

The only unsuspected victims of these violations of laws are innocent people especially impressionable minds of children who easily get carried away seeing people smoking and get into the habit initially imitating others, he added.

How we work

Bitcoin is a cryptocurrency, which is a form of electronic cash. This is the first decentralized digital currency: the system was designed to work without a central bank or a single administrator. Many economists and investors consider the Bitcoin market to be a bubble. Bitcoin has also been criticized for its use in illegal transactions, its high power consumption, price instability, and theft from exchanges.

What Is Real Cryptocurrency
Bitcoin is made as a reward for the process known as mining. They can be exchanged for other currencies, products and services. The research produced by Cambridge University estimates that in 2017, there were 2.9 to 5.8 million unique users using cryptocurancency wallet, most of which used bittoine. A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.

Bitcoin, created in 2009, was the first decentralized cryptocurrency. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/central banking systems . The decentralized control is related to the use of bitcoin's blockchain transaction database in the role of a distributed ledger
 
Top