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Conclusion The Tobacco Master Settlement Agreement of 1998 was a monumental class action lawsuit, and its effects have had major implications in law, economics, and the interplay of the two disciplines

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The tax hike is expected to severely depress farmer incomes, as the legal cigarette industry, the primary domestic buyer of FCV tobacco, is likely to sharply curtail its offtake, he said, adding, this would leave farmers unable to recover even the basic cost of cultivation, currently estimated at around Rs 200 per kilogram