Karnataka proposes to hike beer prices again; Second increase in four months
Bengaluru: Just days after raising diesel tax, power tariff, and milk prices, the Karnataka government has now proposed a hike in beer prices—the second time in four months.
The state government, in a draft notification, has proposed to increase the Additional Excise Duty (AED) on beer by 10 percent and this could lead to an increase in beer prices by up to Rs 50 per bottle, Deccan Herald quoted its sources as saying.
It has also decided to do away with a fixed Rs 130 excise duty for lower-end beers and going forward, 205 percent AED will apply to all beer brands.
“Beer prices in most of our neighbouring states are higher than ours. Hence, there was some potential to increase the revenue by increasing the prices,” DH quoted an official as saying.
However, the official noted that the government is unlikely to raise beer prices again in the near future, given the recent back-to-back hikes.
While the exact price hike will vary by brand, sellers believe it could lead to a drop in sales. According to a brewery owner from North Bengaluru, sales have already declined significantly due to the previous price hike. While beer sales are typically high during the summer, this year has seen a noticeable drop.
The excise department issued the draft notification on Tuesday, giving citizens seven days to file their objections.
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PM Modi holds talks with French President Macron in Mumbai
New Delhi (PTI): Prime Minister Narendra Modi on Tuesday held wide-ranging talks with French President Emmanuel Macron to boost ties in key sectors such as trade, defence, energy and critical technologies.
Macron landed in Mumbai early this morning on a three-day visit to attend the AI Impact Summit in New Delhi and meet PM Modi.
After the talks with Modi, Macron will attend a ceremony to launch the India-France Year of Innovation.
His visit comes days after India cleared a long-pending proposal to procure 114 Rafale fighter jets under a government-to-government framework with France.
It has been billed as one of the world's biggest military procurement programmes in recent years.
It is learnt that shoring up defence cooperation and enhancing bilateral engagement in the critical technology sector are priority areas to take forward the ties.
"Welcome to India! India looks forward to your visit and to advancing our bilateral ties to new heights. I am confident that our discussions will further strengthen cooperation across sectors and contribute to global progress," Modi said on social media earlier in the day in response to a post by Macron.
