27 C
Friday, March 24, 2023

    Liquor Prices In Assam Hiked By 25 Percent

    The government is hoping that this price hike will bring additional revenue of Rs 1000 crore to the state

    The Government of Assam has decided to increase the price of liquor in the state by 25 per cent on the MRP in order to generate extra revenue to the ongoing loses because of the novel coronavirus (COVID-19).

    The government has proposed the hike of 25 per cent in brands of Indian Made Foreign Liquor (IMFL), beer, wine and other such products.

    As per the government officials, this hike will help the government bring additional revenue of Rs 1000 crore.

    Earlier Delhi government had hike liquor prices in the region by 70 per cent in order to tackle the ongoing financial crunch.

    Liquor shops in Assam opened on May 2nd, 2020, and in the first three days the government earned revenue of Rs 25 crore after a sale of almost Rs 75 crore worth of liquor was made in the state. This was a steep hike in the sale of liquor and revenue in the state as compared to normal sales.

    Photo credit: verywellmind.com


    Follow TIME8.IN on TWITTER, INSTAGRAM, FACEBOOK and on YOUTUBE to stay in the know with what’s happening in the world around you – in real time

    First published