Delhi liquor price: Liquor rates are set to rise in Delhi. Delhi government's proposed excise policy will not only increase the prices of liquor sold in the national capital but will reportedly also make changes in the way liquor licences are allotted. Delhi’s new excise policy is likely to be announced soon, Delhi government sources said.  

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

See Zee Business Live TV Streaming Below:

The Aam Aadmi Party government had around two months back indicated a new excise policy was being prepared and had set up a committee of experts for it, while also seeking suggestions from the citizens.  

"The report prepared by the expert committee has suggested various reforms that could result in an increase in liquor prices. The new excise policy is likely to introduce many changes in terms of issuing licenses for both government-run and private liquor shops in Delhi," sources told IANS.  

Sources also told that Delhi Government has planned to increase the number of liquor shops under its new excise policy.  

"Apart from changes in the number of dry days and lowering the age of drinking to 21, other main changes are likely to be seen in new excise policy that around 700-800 new liquor shops to be set up in Delhi," a source told IANS.  

On the basis of the panel’s suggestions, the Delhi government plans to increase its revenue by pushing prices of both Indian and foreign liquor by up to 50 percent to earn an estimated Rs 8,000 crore against the present Rs 5,000 crore.

The proposal of lowering the drinking age had been opposed by other parties in Delhi, but the government seems to be firm on its decision.

Last week, the Delhi Cabinet had approved a Group of Ministers under Deputy Chief Minister Manish Sisodia, who also holds the Finance portfolio, to examine the new excise policy.