India’s government has announced a new tax regime for tobacco products, pan masala, and other related goods, effective February 1st. The government has introduced a new excise duty and health and national security cess (additional tax) on these products. According to media reports, a 40% Goods and Services Tax (GST) will be imposed on pan masala and tobacco products, while a 18% GST will be applied to beedis. Additionally, a health and national security cess will be levied on pan masala, and an additional excise duty on tobacco products. These new taxes and cess will replace the existing GST compounding system, which will be discontinued from February 1st. The government claims that the aim of these measures is to generate resources for expenses related to public health and national security.
Meanwhile, the newly elected mayor of New York, Zahran Mamdani, is set to take oath of office on January 1st. The governments of India and Pakistan have issued separate statements, stating that their actions are in accordance with the principle of “mutual retaliation.” Ali Raza Syed, chairman of the Kashmir Council of Europe, has expressed hope that the new year will bring relief to the people of Kashmir and that the international community will support their struggle for rights.
In other news, the accused in the Rajasthan rape case, Rajendra Sisodia, has been arrested in Uttar Pradesh’s Mathura district. A large number of people were present to celebrate the new year. The Saudi cabinet has approved a draft agreement for cooperation in the energy sector with Pakistan. According to reports, a video shot in the night shows the destroyed drone lying in the snow in the forest. The new price of Petrol Super 98 will be 2.53 dirhams per liter, down from 2.70 dirhams per liter in December, according to the Fuel Price Committee. In a separate incident, a 28-year-old married woman was gang-raped and thrown on the road in a moving vehicle in Faridabad, India. Thousands attended the funeral of Khalida Zia, including Chief Advisor of the Interim Government Mohamed Yunus. The 100-Index closed at 1,74,52 points on the last trading day of the year.
In a recent incident in Switzerland, police said that the explosion occurred at 1:30 am when people were gathered outside the New Year’s Eve party. In a ceremony held in New York, Zahran Mamdani took oath on the Quran. The basis of this viral trend is a mathematical model presented by German scientist Heinz von Foerster in the 1960s. Pakistani model and actress Sana Javed has become a controversial figure on social media after her second marriage. The year 2025 has emerged as a historic year in terms of innovation worldwide.
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