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      State hikes liquor prices to mop up revenue

      The state government is expected to earn an additional revenue of up to Rs 25 crore annually with the change in rates and categories of liquor

      Editor by Editor
      May 25, 2022
      in Featured, Flash News, Meghalaya, North East
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      State hikes liquor prices to mop up revenue

      Image : Twitter

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      Shillong(Meghalaya ),May 25 : The state cabinet on Wednesday decided to hike taxes on Indian-Made Foreign Liquor (IMFL) in the range of 1-9 per cent.

      The state government is expected to earn an additional revenue of up to Rs 25 crore annually with the change in rates and categories of liquor.

      CM Sangma, after the cabinet meeting, said the decision was taken to ensure higher revenues for the state.

      ADVERTISEMENT

      “The cabinet has approved the recategorisation of IMFL brands available in the state. Due to changes in rates in neighbouring states and in order to ensure more revenue, we have decided to declassify different brands and increase the prices of some of them,” CM Sangma said.

      The cabinet also approved the request of NEEPCO (North Eastern Electric Power Corporation Limited) for a waiver of upfront fees amounting to Rs 1 lakh per MW against the allotment of 50 MW Wah Umiam Stage-I and 100 MW Wah Umiam Stage-II hydroelectric projects in Umiew River basin in the state.

      It also approved a proposal by the personnel department to allow the chief secretary to be the appointing authority for the posts of superintendent, under-secretary and deputy secretary in the secretariat,
      The chief secretary will now replace the governor as the appointing authority.

      Cabinet has approved the recategorisation of category of brands for Indian Made Foreign Liquor (IMFL). Due to change of rates in other neighbouring states & in order to ensure more revenue for the State, we have declassified different brands & increased the rates on few of them. pic.twitter.com/WheKylWvug

      — Conrad K Sangma (@SangmaConrad) May 25, 2022

       

       

       

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