Nitish Kumar stated that alcohol-free India was something envisioned by Mahatma Gandhi because he believed that liquor destroys lives
The plan sounds perfect on paper, but when it comes to implementation, it is a different ball game.
The bench noted that as per Bihar Prohibition and Excise Act, 2016, even if a person consumes liquor outside the state and enter into the territory of Bihar and is found drunk or in a state of drunkenness, he can be charged with offences under section 37(b) of the Act.
Bihar Chief Minister Nitish Kumar said the amendments will prevent misuse of the law, but clarified that the prohibition ban is not going anywhere
Reports that new outlets would be opened in the light of the Supreme Court verdict was baseless", Excise Minister T P Ramakrishnan, told reporters at Kozhikode.
The volume of beer consumed in India dropped to 259.19 million cases from 287.99 million cases in 2016
In an interview to CNBC-TV18, Abneesh Roy, Senior Vice President at Edelweiss Securities spoke about the latest happenings in the industry as well as about the impact of liquor ban on United Spirits (USL).
A substantial mindshare of F&B operators has been taken up with the aim to resolve the issue of the liquor ban, and cash flows have been significantly impacted for now.
Owing to the ban, states stand to lose 25 to 45 percent (close to Rs 50,000 crore) of revenues that come from liquor. Hence, they are looking at denotifications to minimise the impact.
“It is a wait and watch situation what is happening. If you look at it in a broader perspective, it is a blow for the entire Indian GDP”, Arup Thakur, CFO of Pincon Spirit told CNBC-TV18.
Speaking to CNBC-TV18, MP Finance Minister Jayant Malaiya said the government had come to the decision of banning liquor shops after the Supreme Court recently directed shutting sale of alcohol near the highways.
The ruling is aimed at reducing the incidence of drunk driving and road fatalities along the roadways.
Supreme Court's decision to ban liquor sale around highways has hit the hospitality industry really hard. So how are hotel industry giants planning to cope with the current crisis? To find the answers, CNBC-TV18's Farah Bookwala caught up with the top executives of Hyatt and Marriott hotels.
No liquor shops will be allowed around religious places, schools or populated areas, the Uttar Pradesh government said today.
"At any cost, we will not allow the the liquor outlets (which shifted from highways following a Supreme Court order) to operate in areas where the locals are opposing, even if it results in loss of revenue to the exchequer," UP Excise minister Jai Pratap Singh said.
The Supreme Court's decision to ban sale of liquor within 500 metres of national and state highways have left the hotel industry sulking. CNBC-TV18 reached out to the top bosses of Hilton, ITC Hotels and Mahindra Holidays to find out the impact.
The Delhi government has formed a committee to look into the complaints of a few hotels, bars and restaurants who demanded restoration of their licences claiming their establishments were beyond 500 metres of the highways.
The 47-year-old city resident's campaign had recently led to the Supreme Court ordering shut down of liquor shops and bars within 500 metres of highways across the country.
Concerned about a likely hit to their revenues following a Supreme Court ruling that banned liquor sale within 500 metres of national and state highways, a few states and Union Territories have approached the Centre to denotify their NHs.
Goa Chief Minister Manohar Parrikar today said the state government is considering moving the Supreme Court for "clarification" on its order banning liquor along highways.
The apex court order passed last week also recorded that eight states, which are ruled by parties other than the BJP, had rushed to it for modification of the December 15, 2016 verdict.
Restaurants and bars along the Eastern Express Highway in the Thane area of Maharashtra are seeing serious losses, with footfalls dipping between 70-90 percent after the Supreme Court ban on sale of liquor came into effect.
With the Supreme Court ban on liquor sales within 500 metres of national and state highways coming into force from April 1, several states are staring at a huge revenue loss and are looking at ways to minimise the impact on revenue.
Credit Suisse maintains an outperform rating on United Spirits with a 12-month target price of Rs 2,500.