Here's a selection of Business Standard Opinion pieces for the day
Zomato has already diversified into grocery as the restrictions on movement shuttered some restaurants and people hesitated to order outside food
UP govt also raises tax on petrol and diesel
It could be the sharpest fall in four years
People were seen standing in queues outside liquor shops since early morning today in Gurugram.
The Delhi government has already imposed a Covid cess of 70 per cent on liquor and hiked petrol and diesel prices as the state got just Rs 300 crore in April
Some senior officers say that the government should review its decision to open liquor shops
Financing needs of states must be addressed urgently
On Sunday the state government had relaxed the rules to allow for opening for wine stores and shops selling non-essential items in Mumbai.
Delhi govt will impose a "special corona fee" on alcohol sale, which will be 70 per cent of the MRP
It was their third-largest source of revenue after GST and sales tax or value-added tax
The UP government expects to recoup at least part of its average excise mop-up of nearly Rs 100 crore daily till the time the restrictions are removed
Many liquor shops that reopened after 40 days in Delhi on Monday had to be shut when people ignored social distancing
On Saturday, the excise department directed these four agencies to identify liquor outlets which fulfil all conditions prescribed by the the Ministry of Home Affairs
Punjab Chief Minister Amarinder Singh will lead the charge, says his state has lost Rs 6,200 crore because of liquor sale ban
A sharp rise in excise duty could hurt liquor volumes. UBS has slashed its target price for UBL and UNSP by 20-23 per cent following 12-27 per cent cut in FY21 earnings estimates
Maharashtra, Kerala and UP have been trying to build liquor revenues through consumption of premium brands, but Andhra is going the other way, says Singh
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
Buyers of Jack Daniel's or Woodford Reserve whiskey can expect to see the price of a standard 700 ml bottle go up by about 10 per cent
CAIT has said the linkage of digital payments with sale of liquor could also curb black money