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Alcobev sales may give States' revenue a high too - The Hindu BusinessLine


Alcobev sales may give States’ revenue a high too
March 15, 2021
During the pandemic, various S tates increased tax on the alcobev segment by imposing a Covid cess or rising the excise duty   -  The Hindu
During the pandemic, various S tates increased tax on the alcobev segment by imposing a Covid cess or rising the excise duty   -  The Hindu×
Sales of alcobev firms is looking up, thanks to Covid cess rollback, easing regulations
With the alcoholic beverage industry starting to recover, various State governments can expect higher excise duty collection to prop up their falling revenues.
Excise duty on alcohol is the third-largest source of States’ own tax revenues with an estimated contribution of between 12 per cent and 14 per cent. A RBI report (State Finances: A Study of Budgets) shows that during 2019-20, 29 States and the UTs of Delhi and Puducherry had budgeted a combined ₹1,75,501.42 crore from State excise on liquor. This was 16 per cen ....

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Wrestler Sushil Kumar re-elected SGFI president again


Wrestler Sushil Kumar re-elected SGFI president again
​ By
IANS
|
Published on
​ Wed, Mar 10 2021 23:27 IST
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​ 0 Views
 
Mumbai: Indian wrestler Sushil Kumar during the launch of Indian cricket player Yuvraj Singhs clothing brand YWC designed by fashion designers Shantanu and Nikhil, in Mumbai, on Sep 3, 2016. The royalties from the sale will support YouWeCan, a NGO fo. Image Source: IANS News
New Delhi, March 10 : Double Olympic medallist Sushil Kumar has been re-elected president of the School games Federation of India (SGFI) in the elections conducted under the supervision of retired Supreme Court Judge BS Mathur.
According to results sheet (Form 13), signed by Justice Mathur, Vijay Santan has been elected secretary and Surendra Singh Bhati treasurer, besides Sushil. Eight vice-presidents, eight join secretaries, and six executive members have also been elected. ....

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