Regional

Meghalaya hikes 25 per cent on MRP for liquor

Shillong, May 8 | Publish Date: 5/8/2020 9:28:45 AM IST

The Meghalaya government on Friday hiked 25 per cent on the maximum retail price for liquor in order to generate surplus revenue,     Chief Minister Conrad Sangma said the hike was in order to generate additional excise revenue to meet the unexpected financial burden and expenditures arising out of the COVID-19 situation in the State.

“A hike of 25 per cent on the maximum retail price for liquor has been approved by the government effective from May 8 midnight,” he said. Sangma anticipated that the increase of price of liquor will generate additional revenue to the tune of Rs 120-130 crore approximately. Currently for the last financial year of 19-20 the revenue generated has been Rs. 260 crore from Excise apart from VAT on liquor.

Launched on December 3,1990. Nagaland Post is the first and highest circulated newspaper of Nagaland state. Nagaland Post is also the first newspaper in Nagaland to be published in multi-colour.

Desk:+91-3862-248 489, e-mail: npdesk@gmail.com Fax: +91-3862-248 500
Advt.:+91-3862-248 267, e-mail:npostadvt@gmail.com

QUICK LINKS

SUNDAY POST

Join us on

© Nagaland Post 2018. All Rights are Reserved
Designed by : 4C Plus