States are expected to hike taxes on liquor -- one of the top three revenue sources -- as they need to plug the fiscal hole arising from bearing the burden of farm-loan repayments. Any rise in tax will impact alcohol demand as companies will have to pass the additional levy to consumers, according to Edelweiss Securities Ltd.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2LN1Odh
Why farm loan waiver could be a huge blow for liquor companies
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January 03, 2019
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