Excise exercise:The proposal to hike prices comes amid mounting pressure from the manufacturers who complained of steep increase in the manufacturing costs. more-inThe State Government has finally decided to increase the prices of liquor, other than beer, with immediate effect. The finer details of the price hike, the first effected after 2012, like the revenue that would accrue to the government ex-chequer and the increase in returns to manufacturers are yet to be known. The proposal to hike prices comes amid mounting pressure from the manufacturers who complained of steep increase in the manufacturing costs but there was no commensurate revision of prices for long. The Department had circulated a file proposing 5% hike in medium brands and little over 10% in the premium brands.

Source: The Hindu December 27, 2017 18:33 UTC