Ban sale of liquor on all National, State Highways from 1 April: Supreme Court I woke up to this news and not much affected I was busy with my usual work. Then visiting social media I realised how the order shall affect lacs of people and families who had liquor stores and paid good amounts for their excise license. Going into further details I saw the figures in newspapers. Revenue for five star hotel chains like Oberoi,Taj ,Hyatt and Accor groups together with small and medium enterprises shall cause a loss of 65000 crores to hospitality industry. Leaving the revenue loss it shall render lacs of people jobless and out of work in a scenario where jobs are in scarcity and banks not willing to give loans. Further to this SC changes the distance to 500 metres from Highway. So basically new shops and restaurants will come up and existing ones will die. Someone looking for Alcohol will have no issues driving another 500 metres or even stocking the same with him. Surprisingly ...
Chartered Accountant. Company Secretary. Specialization in Portfolio Management