Makers of spirits, beer, and wine are working to identify new markets of growth as two of the industry's biggest liquor markets, Maharashtra and Telangana, remain embroiled in taxation and payment issues.
The latest move removes one of the key friction points for visitors, temporary liquor permits, while allowing licensed hotels and restaurants operational flexibility.
Invest in these funds through the SIP route with at least a seven-year horizon.
The demand growth in the low-income category is expected to be driven mainly by packaged branded sugar as well as traditionally consumed gur (jaggery) and khandsari.
The agency has previously found that alcohol causes at least seven types of cancer, including the most common cancer types, such as bowel cancer and female breast cancer. It is also linked with oesophagus, liver and colorectal cancers.
FSSAI is the central body which lays down science-based standards.
The central government wants to impose the levy; many states are opposed - at least, to the Centre doing so
'Our approach has been to work with consumers and help them drink better, not more.'
Additional solicitor-general says extra-neutral alcohol liable to new tax
Stocks of alcoholic beverage makers have corrected over the last few trading sessions on worries that taxes, competition and costs will hurt sales and profitability. The recent trigger for the decline is Karnataka, which accounts for 15 per cent of overall liquor consumption, increasing duties. The state increased by 20 per cent the additional excise duty on Indian-made foreign liquor (IMFL) on all slabs.
To place orders, customers need to complete an instant age verification by uploading a picture of their valid government ID, followed by a selfie which the platform will use for authentication.
'Wine is an indicator of the quality of life,' says Alok Chandra.
'My only problem is banning alcohol'
After underperforming its peers in the consumer space in 2022-23, and experiencing a mixed bag in the 2023-24 (FY24) April-June quarter (first quarter, or Q1), brokerages are positive about the medium-term outlook for liquor stocks. Higher raw material costs, concerns regarding increased duties, regulatory changes, and competitive pressures weighed on performance returns in the past quarters. Analysts believe that the sector could experience a reversal of fortunes due to better demand and margin improvements.
Beer to be allowed in certain offices in Haryana; other states allow its sale in stores and malls.
In an embarrassment for the Bharatiya Janata Party in Gujarat ahead of the assembly elections, a candidate allegedly said liquor can be sold openly, leading to the registration of a First Information Report (FIR) against him for indulging in "corrupt practices".
England's Football Supporters' Association said the decision raises concerns about Qatar's ability to fulfil its promises to visiting fans on "accommodation, transport or cultural issues."
Regular, uncontrolled consumption of sugar can raise blood pressure, increase inflammation and contribute to obesity, all of which strain the heart, warns Dr Anu Gaikwad.
In an advisory, DGCA said there are provisions under the civil aviation requirement for action to be taken by the airline to deal with unruly passengers.
A phased roll-out of prohibition will hit revenues of companies, which get 5% of their volume sales from the state
Dr Karishma Jaradi explains how excessive consumption of tea, coffee and lemon can be detrimental to healthy teeth.
From Covid-19 essentials, such as Vitamin C supplements and thermometers, to bicycles, laptops, and personal weighing scales, demand for certain items galloped during last financial year as the pandemic altered what Indians used on a day-to-day basis. Imports of outdoor sports equipment, handbags for women, and dentures, among others, plummeted. With outdoor activities coming to a halt last year and schools functioning virtually, imports of sports goods witnessed a decline, while inbound shipments of laptops and battery chargers saw a sharp uptick, according to the import data for the financial year 2020-21.
Almost 70 per cent of alcohol distribution in India happens through liquor vends or shops, while 30 per cent happens on-premise, that is, in bars, pubs, and hotels.
A call by the Traders Federation in Tamil Nadu to ban sales of Coca Cola and Pepsi soft drinks came into effect on Wednesday with its president A M Vikrama Raja declaring drinks as 'toxic' for consumption.
Prime Minister Narendra Modi on Wednesday said he has asked soft drink makers like Pepsi to try and mix aerated drinks with 5 per cent fruit juice to help distressed farmers find a new market for their produce.
Kerala is likely to witness all-time high liquor sales this Onam, the harvest festival, with the season already reporting a 30 per cent hike. According to the Kerala State Beverages Corporation (BevCo), the first few days of this Onam season have set the tone for record sales. "During last year's Onam season, our sales were around Rs 561 crore. This year, we expect it to be over Rs 700 crore," said Yogesh Gupta, chairman and managing director, BevCo.
Budweiser World Cup campaign curbed, not crashed, by Qatar beer ban
Those with gum disease are at an increased risk for developing heart disease, warns Dr Karishma Jaradi, head dental surgeon at Dentzz Dental.
This comes in the wake of allegations of financial irregularities by the erstwhile management led by Harish Moolchandani.
The focus will be on tackling the unfinished agenda requiring immediate attention like tax structure for solar projects, uniform tax rate on state-organised and state-authorised lotteries, taxing non-potable alcohol besides certain changes in the law, extension for NAA and rate rationalisation.
Young Indians seem genuinely enthusiastic about craft brands that are hip, aspirational and have plenty of the novelty quotient, says Dhruv Munjal.
Most producers have put off plans to make capital investments in their wineries, and implemented cost-reduction measures to conserve cash.
Wine is the only beverage that continues to change after bottling, and which after 20 or even 50 years can surprise, amaze and delight, says Alok Chandra.
On September 10, 'Uttradam', a day ahead of the harvest festival Onam when the outlets are shut, liqour worth Rs 90.32 crore was sold.
Replacing refined sugar with dates, honey, stevia can help you stay healthy.
The secret to a healthy heart lies in living a stress-free, well-balanced lifestyle combined with regular physical activity and a good night's sleep, suggests cardiologist Dr Talha Meeran.
Earlier, The Nitish Kumar government had banned sale and consumption of country and spiced liquor in rural areas from April 1 this year, but had allowed sale of foreign liquor in towns and cities.
Poor dietary habits combined with incomplete brushing and ignorance is causing early harm, warns Dr Ambereen Ali.
Several states that imposed prohibition in the past lifted it once revenue loss began to pinch
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