Kerala Floods: Excise-duty on liquor increased

by Kerala | 17-08-2018 | 856 views

According to Reports, the state has decided to increase excise duty on liquor to collect revenue for flood relief. “Yes, there is a financial resource crunch. We shall overcome. As additional resource mobilisation to the Chief Ministers Disaster Relief Management Fund, the excise duty on liquor increased by 0.5 to 3.5 per cent for 100 days. Rs 230 crore expected as additional revenue,” Issac tweeted.

The MeT department predicted a heavy rainfall till Saturday. While situation improved a bit in Kozhikode, central Kerala continues to be ravaged.Water has entered houses, destroyed roads, and disrupted rail and air traffic.It is estimated that Kerala lost Rs. 8,000 crore in the floods. But increasing excise duty on liquor can get the state Rs. 230 crore, Thomas Issac said.

 

Lets socialize : Share via Whatsapp