"Fiscal policy."

#13150926

3 January 2026

A man smokes a cigarette at a street side in Kolkata, India, on January 3, 2026. From February 1, pan masala, cigarettes, tobacco, and similar products attract a GST rate of 40 percent, while biris attract an 18 percent Goods and Services Tax (GST), according to a government notification. Additionally, a Health and National Security Cess is levied on pan masala, while tobacco and related products attract additional excise duty.

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#13149153

2 January 2026

A man smokes a cigarette along a street in Srinagar, Jammu and Kashmir, on January 2, 2026. India imposes an excise duty on cigarettes in a range of 2,050-8,500 rupees ($22.8-$94.5) per thousand sticks based on the length of the products, effective February 1, the finance ministry says in an order late on Wednesday. The move could increase prices of cigarettes for an estimated 100 million smokers in the world's most populous country.

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#13149155

2 January 2026

A man smokes a cigarette along a street in Srinagar, Jammu and Kashmir, on January 2, 2026. India imposes an excise duty on cigarettes in a range of 2,050-8,500 rupees ($22.8-$94.5) per thousand sticks based on the length of the products, effective February 1, the finance ministry says in an order late on Wednesday. The move could increase prices of cigarettes for an estimated 100 million smokers in the world's most populous country.

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#13149152

2 January 2026

A man holds a cigarette packet with graphic pictorial warnings in Srinagar, Jammu and Kashmir, on January 02, 2026. India imposes an excise duty on cigarettes in a range of 2,050-8,500 rupees ($22.8-$94.5) per thousand sticks based on the length of the products, effective February 1, the finance ministry says in an order late on Wednesday. The move could increase prices of cigarettes for an estimated 100 million smokers in the world's most populous country.

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#13149156

2 January 2026

A man holds a cigarette packet with graphic pictorial warnings in Srinagar, Jammu and Kashmir, on January 02, 2026. India imposes an excise duty on cigarettes in a range of 2,050-8,500 rupees ($22.8-$94.5) per thousand sticks based on the length of the products, effective February 1, the finance ministry says in an order late on Wednesday. The move could increase prices of cigarettes for an estimated 100 million smokers in the world's most populous country.

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#13149157

2 January 2026

A man holds a cigarette packet with graphic pictorial warnings in Srinagar, Jammu and Kashmir, on January 02, 2026. India imposes an excise duty on cigarettes in a range of 2,050-8,500 rupees ($22.8-$94.5) per thousand sticks based on the length of the products, effective February 1, the finance ministry says in an order late on Wednesday. The move could increase prices of cigarettes for an estimated 100 million smokers in the world's most populous country.

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#13149158

2 January 2026

A man holds a cigarette packet with graphic pictorial warnings in Srinagar, Jammu and Kashmir, on January 02, 2026. India imposes an excise duty on cigarettes in a range of 2,050-8,500 rupees ($22.8-$94.5) per thousand sticks based on the length of the products, effective February 1, the finance ministry says in an order late on Wednesday. The move could increase prices of cigarettes for an estimated 100 million smokers in the world's most populous country.

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#13149159

2 January 2026

A man holds a cigarette packet with graphic pictorial warnings in Srinagar, Jammu and Kashmir, on January 02, 2026. India imposes an excise duty on cigarettes in a range of 2,050-8,500 rupees ($22.8-$94.5) per thousand sticks based on the length of the products, effective February 1, the finance ministry says in an order late on Wednesday. The move could increase prices of cigarettes for an estimated 100 million smokers in the world's most populous country.

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#13149324

2 January 2026

Hundred dollar bills are seen in this photo illustration in Warsaw, Poland on 01 January, 2023. The U.S. dollar entered 2026 on a weak footing after falling about 9.4% in 2025, its sharpest annual decline in eight years, as investors reassessed U.S. interest rate prospects and broader policy risks. The drop reflects a narrowing rate gap with other major economies, concerns over the U.S. fiscal deficit, trade uncertainty, and questions about the Federal Reserve’s future independence. In contrast, the euro and sterling recorded their strongest yearly gains since 2017, while the yen lagged despite Bank of Japan rate hikes. Markets are now focused on upcoming U.S. economic data and the appointment of a new Fed chair, with expectations growing for rate cuts later in 2026.

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#13149325

2 January 2026

Hundred dollar bills are seen in this photo illustration in Warsaw, Poland on 01 January, 2023. The U.S. dollar entered 2026 on a weak footing after falling about 9.4% in 2025, its sharpest annual decline in eight years, as investors reassessed U.S. interest rate prospects and broader policy risks. The drop reflects a narrowing rate gap with other major economies, concerns over the U.S. fiscal deficit, trade uncertainty, and questions about the Federal Reserve’s future independence. In contrast, the euro and sterling recorded their strongest yearly gains since 2017, while the yen lagged despite Bank of Japan rate hikes. Markets are now focused on upcoming U.S. economic data and the appointment of a new Fed chair, with expectations growing for rate cuts later in 2026.

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#13149326

2 January 2026

Hundred dollar bills are seen in this photo illustration in Warsaw, Poland on 01 January, 2023. The U.S. dollar entered 2026 on a weak footing after falling about 9.4% in 2025, its sharpest annual decline in eight years, as investors reassessed U.S. interest rate prospects and broader policy risks. The drop reflects a narrowing rate gap with other major economies, concerns over the U.S. fiscal deficit, trade uncertainty, and questions about the Federal Reserve’s future independence. In contrast, the euro and sterling recorded their strongest yearly gains since 2017, while the yen lagged despite Bank of Japan rate hikes. Markets are now focused on upcoming U.S. economic data and the appointment of a new Fed chair, with expectations growing for rate cuts later in 2026.

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#13149327

2 January 2026

Hundred dollar bills are seen in this photo illustration in Warsaw, Poland on 01 January, 2023. The U.S. dollar entered 2026 on a weak footing after falling about 9.4% in 2025, its sharpest annual decline in eight years, as investors reassessed U.S. interest rate prospects and broader policy risks. The drop reflects a narrowing rate gap with other major economies, concerns over the U.S. fiscal deficit, trade uncertainty, and questions about the Federal Reserve’s future independence. In contrast, the euro and sterling recorded their strongest yearly gains since 2017, while the yen lagged despite Bank of Japan rate hikes. Markets are now focused on upcoming U.S. economic data and the appointment of a new Fed chair, with expectations growing for rate cuts later in 2026.

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#13149328

2 January 2026

Hundred dollar bills are seen in this photo illustration in Warsaw, Poland on 01 January, 2023. The U.S. dollar entered 2026 on a weak footing after falling about 9.4% in 2025, its sharpest annual decline in eight years, as investors reassessed U.S. interest rate prospects and broader policy risks. The drop reflects a narrowing rate gap with other major economies, concerns over the U.S. fiscal deficit, trade uncertainty, and questions about the Federal Reserve’s future independence. In contrast, the euro and sterling recorded their strongest yearly gains since 2017, while the yen lagged despite Bank of Japan rate hikes. Markets are now focused on upcoming U.S. economic data and the appointment of a new Fed chair, with expectations growing for rate cuts later in 2026.

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#13149329

2 January 2026

Hundred dollar bills are seen in this photo illustration in Warsaw, Poland on 01 January, 2023. The U.S. dollar entered 2026 on a weak footing after falling about 9.4% in 2025, its sharpest annual decline in eight years, as investors reassessed U.S. interest rate prospects and broader policy risks. The drop reflects a narrowing rate gap with other major economies, concerns over the U.S. fiscal deficit, trade uncertainty, and questions about the Federal Reserve’s future independence. In contrast, the euro and sterling recorded their strongest yearly gains since 2017, while the yen lagged despite Bank of Japan rate hikes. Markets are now focused on upcoming U.S. economic data and the appointment of a new Fed chair, with expectations growing for rate cuts later in 2026.

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#13149330

2 January 2026

Hundred dollar bills are seen in this photo illustration in Warsaw, Poland on 01 January, 2023. The U.S. dollar entered 2026 on a weak footing after falling about 9.4% in 2025, its sharpest annual decline in eight years, as investors reassessed U.S. interest rate prospects and broader policy risks. The drop reflects a narrowing rate gap with other major economies, concerns over the U.S. fiscal deficit, trade uncertainty, and questions about the Federal Reserve’s future independence. In contrast, the euro and sterling recorded their strongest yearly gains since 2017, while the yen lagged despite Bank of Japan rate hikes. Markets are now focused on upcoming U.S. economic data and the appointment of a new Fed chair, with expectations growing for rate cuts later in 2026.

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#13149331

2 January 2026

Hundred dollar bills are seen in this photo illustration in Warsaw, Poland on 01 January, 2023. The U.S. dollar entered 2026 on a weak footing after falling about 9.4% in 2025, its sharpest annual decline in eight years, as investors reassessed U.S. interest rate prospects and broader policy risks. The drop reflects a narrowing rate gap with other major economies, concerns over the U.S. fiscal deficit, trade uncertainty, and questions about the Federal Reserve’s future independence. In contrast, the euro and sterling recorded their strongest yearly gains since 2017, while the yen lagged despite Bank of Japan rate hikes. Markets are now focused on upcoming U.S. economic data and the appointment of a new Fed chair, with expectations growing for rate cuts later in 2026.

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