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| 12 August, 2020, 08:41 PM IST | E-Paper
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    Liquor

    Call on online sale of liquor pending in Karnataka, but political opposition on a high

    The government’s behind-the-scenes exercise to seek opinion from stakeholders has not gone down too well with the Opposition JD(S) threatening an agitation if it is implemented.

    COVID-19: Liquor shops in Delhi to remain open for one more hour

    The Delhi government has extended timings for opening of liquor shops in the national capital by one hour. An official said the move will also help increase the government's revenue.

    Confident of long-term opportunities in India, says global spirits giant Diageo

    Liquor manufacturing, distribution and retailing in India came to a complete standstill during the nationwide lockdown from March 25 to May 3 and led to a 17% decline in net sales in the country during the year ended June. While there has been a phased re-opening of the off-trade since May, the on-trade channel - bars, pubs and restaurants - remains closed.

    Diageo writes down £1.3 billion on account of disruption caused by coronavirus

    Impairment charges are taken when the value of assets or goodwill is no longer fully recoverable or their ability to generate cash falls due to a change in legal or economic circumstances or as the result of a casualty loss from unforeseen hazards.

    Sula Vineyards to cash on Singapore’s new love for home wining and dining amid Covid-19 outbreak

    Rajeev Samant, founder of Sula Vineyards, said, “Singapore is a thriving wine hub. The Singaporean consumer now has the choice of experiencing our wines in these difficult times while staying safe.”

    Diageo takes 772 mn pound write down for Indian market amid COVID-19

    World's leading spirits maker Diageo has taken a write down of 1.3 billion pound, including an impairment of 772 million pound for the Indian market, reflecting the impact of COVID-19 and challenging trading conditions.

    Liquor sales decline up to 60% in May-June in states with high Corona cess: Report

    After the retail sales of liquor were resumed after six weeks of closure in May, several state governments facing shortage of financial resources imposed a higher tax on alcoholic beverages

    Corona cess imposed on liquor resulted in 59% decline in sales post lockdown: CIABC

    Many state governments, which had noted their revenues plummet amid the lockdown to contain the Covid-19 pandemic, had increased tax on alcohol by up to 75% of maximum retail price to boost their coffers since the Centre allowed reopening of liquor shops in the first week of May.

    Local spirits companies offer country liquor in paperboard cartons in bid to boost margins

    Till now, only low-priced Indian Made Foreign Liquor (IMFL) was available in paperboard cartons akin to ‘tetrapaks’, which has helped companies and state governments tackle illicit liquor trade in India.

    Beer jostles for space in the Indian fridge amid Covid-19 crisis; hard spirits gain advantage

    While consumption of alcohol is not taboo in most Indian households, the habit of stocking beer in a family fridge is not routine. Its shorter shelf life compared to hard spirits has seen demand shrink.

    Liquor not an essential thing, says SC; dismisses plea for counter sale in Mumbai

    Liquor not an essential thing, says SC; dismisses plea for counter sale in Mumbai

    The counsel said that online sale of liquor has many problems and chances of sale spurious liquor are very high while over-the-counter sale of liquor would prevent such products being sold.

    Medusa Beverages diversifies into fashion retail to engage with customers beyond beer

    Medusa Beverages diversifies into fashion retail to engage with customers beyond beer

    This is not the first time a beer maker has diversified into fashion apparel to build its brand in a market where liquor advertising is banned and at a time when both apparel and beer market have shrunk after prolonged closure of outlets that sell them amid the Covid-19 outbreak in the country.

    Diageo India launches new wellness plan for employees to promote an inclusive working environment

    Diageo India launches new wellness plan for employees to promote an inclusive working environment

    The country's biggest spirits firm have expanded the definition of ‘family’ to include ‘same sex’ and ‘live in’ partners and said the new policy will apply to all employees regardless of sexual orientation, gender identity or expression including lesbian, gay, bisexual, and transgender or LGBT.

    Delhi govt allows restro-bars, clubs to sell beer stock expiring by July 31 to liquor shops

    Delhi govt allows restro-bars, clubs to sell beer stock expiring by July 31 to liquor shops

    The Delhi government has allowed the restro-bars, hotels and clubs in the city to sell their stock of beer expiring by July 31 to liquor shops, according to an official.

    GST intelligence officers arrest SOM Distilleries promoters in alleged tax evasion case

    GST intelligence officers arrest SOM Distilleries promoters in alleged tax evasion case

    "During the search operation, it was gathered that during the COVID-induced lockdown SDPL had also manufactured alcohol-based hand sanitizers which may have been removed clandestinely without payment of Goods and Service Tax (GST) at the rate of 18 per cent," a statement said.

    Fine Dine restaurants urge govt to revisit alcohol ban; most to stay shut till ban is lifted

    Fine Dine restaurants urge govt to revisit alcohol ban; most to stay shut till ban is lifted

    Impressario Handmade Restaurants managing director Riyaaz Amlani, owner of Social, Smoke House Deli and Mocha said while the curfew guidelines by MHA are 'understandable', restrictions on serving alcohol in restaurants which have licenses is further killing the industry.

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