Excise duty on liquor is an important revenue source for states, which are not in a strong position financially at present
This follows appeals by various state governments amid rising demand for hand sanitisers in the wake of the coronavirus pandemic
Giri suggested that the basic customs duty should be slashed to a level which does not create great competitive disadvantage for Indian companies and reduction should be done in a phased manner
Experts are of the opinion that though the second half of this financial year will see some recovery, volume growth is likely to remain in single digit
UP's decisions on molasses quota for country liquor makers could have a major bearing on the country's green energy production
A phased roll-out of prohibition will hit revenues of companies, which get 5% of their volume sales from the state