Madhya Pradesh government
The government of Madhya Pradesh is in limelight these days as people are happy from their decision some people are calling it as a new year gift which is given by government to them as it’s a closing of a financial year in the book of accounts it is considered as the start of new year from 1st of April.
‘ACHE DIN’ FOR TRIPPLERS IN MADHYA PRDESH
Prices of both country liquor and Indian Made Foreign Liquor (IMFL) are set to drop as the state’s new excise policy comes into effect on April 1.
We could see in the above image that people are lined up properly following the covid norms before opening of the model shop as they are getting 50% off on liquor product as the year is going to end in the book of account, the Madhya Pradesh government has offered a substantial discount as much as 50 percent on consumption of liquor product.
The sharp drop in price, approved by the state excise department, is at shops that have opted to discontinue operations in the new financial year (2022-23) and intend to clear out their stocks.
The new excise policy of the Shivraj Singh Chouhan government, which comes into effect from April 1, envisages reduction in prices of both country liquor and Indian Made Foreign Liquor (IMFL). The price drop—for the first time in a decade—is mainly over the perception that lower rates will prevent smuggling
of liquor from neighbouring states and also bring down the sale of hooch, which has led to numerous deaths in MP in the past one year.
50% off
The major reduction in price is in the country liquor category. A quarter (180 ml) of country liquor will cost Rs 57 in 2022-23 as against Rs 75 in 2021-22, a price drop of 24 per cent. Between 2020-21 and 2021-22, there had been no reduction or increase in prices. However, between 2019-20 and 2020-21, the period when power transitioned from the Congress to the BJP, prices went up by 25 per cent. Under Congress rule, the price of country liquor increased by 9 per cent between 2018-19 and 2019-20.
Sources in the excise department said IMFL prices will also drop by 10 per cent while liquor in the premium segment will get costlier. “Keeping prices high has traditionally been regarded as a tool to keep consumption of liquor down. MP is surrounded by five states, one of which is dry (Gujarat) while the rest follow competitive pricing. High prices don’t necessarily mean lower consumption as liquor coming in from other states and illegally brewed liquor will go under the radar. So, it’s a question of losing revenue by keeping prices high because consumption is not really impacted,” said a top state government official, requesting anonymity.
Published By :- Tarsem SIngh
Edited By :- Khushi Thakur
