Regulators use the term IMFL, which includes Whisky, Vodka, Rum, Gin and Brandy, to distinguish it from country liquor and traditional alcoholic beverages such as todi, fenny, and arrack, among others
While food deflation pulls overall inflation down, alcohol prices buck the trend with sharp summer gains
The company is actively pursuing market expansion by establishing strategic collaborations in sports, fashion, music, and luxury segments, and by filling product gaps with new competitive offerings, like The Spirit of Kashmyr, a luxury vodka
Facing backlash, Karnataka has halved the fee hike to 50 percent but many in the industry say the increase is still steep and may force them to move out
Maharashtra contributes between 10 and 12 percent of the total liquor industry volume in the country, and the excise hike will likely dent sales for liquor firms.
Stable raw material prices help in the expansion of gross margins
While Karnataka charges 80% in form of excise duty on per bottle, Telangana imposes 72% duty.
A key highlight of the new policy is that beer, liquor, and wine will now be sold from a single counter, according to sources.
As the Union Budget 2025 approaches, the liquor, tobacco, and gaming industries are eagerly anticipating reforms to tackle challenges such as high taxation and complex regulatory frameworks.
'Our onboard liquor is very affordable and we offer hot meals unlike many other low-cost carriers,' an Air India Express source said. 'For that reason, we see a significant demand for the two on our flights.'
CM Siddaramaiah warns that commercial tax officials failing to meet collection targets will be held accountable.
After fulfilling Beijing’s long-standing imperative to enact a homegrown national security law, Chief Executive John Lee now faces challenges with economic competitiveness against regional rivals like Singapore, Japan, and mainland Chinese metropolises.
During the run-up to the assembly polls, Naidu, then in opposition, accused the previous YSRCP government of fixing high prices that do not align with the quality of the liquor.
Andhra Pradesh unveils a new excise policy with liquor priced at ₹99 for 180 ml, alongside plans for BC reservation, an AI university, and renaming Bhogapuram Airport to Alluri Seetharamaraju International Airport.
The patient was rich and was apparently loved by all because he would host monthly parties at his place where he was the 'biggest entertainment' for his cousins and friends since he could drink the maximum amount of liquor.
The Netherlands, UAE, Ghana have emerged as top importers of Indian whiskey, while the US has become a major buyer of high-end varieties
Indian states’ revenue grew 7.5 percent in the previous fiscal
Moneycontrol analysis shows that the average excise duty to own tax revenue ratio for 19 of the largest states and UTs is expected to be 13.7% in FY25
The kingdom plans to open the licensed shop in the coming weeks in Riyadh, where non-Muslim diplomats will be allowed to buy alcohol, according to foreign officials in the Saudi capital, who are familiar with the matter.
The 38-year-old was attacked after he argued that the alcohol store must charge by MRP. 'During the argument, he (the cashier) took a cleaning mop and hit me on my head repeatedly,' he said.
Gujarat International Finance Tec-City (GIFT City) employees may obtain a two-year permit to access liquor from the designated area within the facility, according to a gazette notification.
The International Spirits and Wines Association of India (ISWAI), in a statement, urged people to consume alcohol during celebrations like weddings responsibly.
Pradhan said it was a matter of concern that such a large amount of benami money was recovered.
In little over a decade, several brands from India have made their way onto the shelves of liquor stores all over the world, sharing counter space with whiskies of long renown that, only half a generation ago, were beyond the reach of most Indians
Due to the tax hike, the overall VAT rate for liquor services in permit rooms will be 10 percent.