Alcohol

Gen Z's clean living means decline in 'sin tax' by £14 bn for UK

Revenue from tobacco now makes up just 1% of total public sector receipts, down from 1.9% two decades ago. Alcohol brings in 1.3% of receipts, shrinking from 1.7%

British Scotch companies seek safeguard against excise duty hikes

The organisation fears any import tariff liberalisation could be offset by increases in state-level taxes

Liquor politics hots up ahead of Madhya Pradesh Assembly election

Under the new excise policy, the state government has decided to close "ahatas" in the state, and end drinking at bars. From April onwards liquor will be sold only at liquor shops

More hiccups: No Dutch courage in Delhi govt's new excise policy

The new liquor policy promised several changes to the way alcoholic drinks are sold in Delhi

Alcohol sales in India rose to a four-year high in 2022, says report

The rise was the sharpest in premium products with their portfolio now accounting for a fifth of all the whisky sold in India

Alcohol should be served in a 'reasonable, safe manner': AI to cabin crew

Cabin crew observations of the quantity, rate and type of alcohol consumed by a guest can help in the assessment of whether that person is unduly intoxicated

Delhi excise policy 2023-24: Remove rules promoting imports, says CIABC

The CIABC has also recommended opening of world-class private retail shops across the city

TMS Ep346: Telecom sector, investment cycle, Q3 results, WHO warning

Has the telecom sector recovery lost steam? Does higher demand point to the start of an investment cycle? Banks' earnings growth touched a peak in Q3? What is WHO's warning about alcohol? Answers here

After WHO's warning on cancer link, a look at how India consumes alcohol

According to NFHS-5, alcohol consumption is higher in rural parts of the country than the urban areas

No amount of alcohol 'safe', even low consumption hikes cancer risk: WHO

The agency has previously found that alcohol causes at least 7 types of cancer, including the most common cancer types, such as bowel cancer and female breast cancer

Dubai ends 30% tax on alcohol sales, fee for liquor licenses in sheikhdom

Dubai ended its 30 per cent tax on alcohol sales in the sheikhdom on Sunday and made its required liquor licenses free to obtain, ending a long-standing source of revenue for its ruling family to apparently further boost its tourism to the emirate. The sudden New Year's Day announcement, made by Dubai's two state-linked alcohol retailers, came apparently from a government decree from its ruling Al Maktoum family. However, government officials did not immediately acknowledge the decision and did not respond to questions from The Associated Press. But it follows years of loosening regulations over liquor in the sheikhdom, which now sells alcohol during daylight hours in Ramadan and began providing home delivery during the lockdowns at the start of the coronavirus pandemic. Alcohol sales have long served as a major barometer of the economy of Dubai, a top travel destination in the UAE, home to the long-haul carrier Emirates. During the recent World Cup in nearby Qatar, Dubai's many bar

Kerala sees 5% rise in alcohol sales during Christmas, says BevCo

Kerala saw an overall five per cent increase over last year's sales of alcohol during the Christmas season this year, according to a source in Kerala State Beverages Corporation Ltd (BEVCO). The source said sales between December 22 and December 25 generated around Rs 250 crore. This number could further go up by December 31, the source said. On Christmas eve, there were sales for around Rs 90 crore from BEVCO outlets. This was slightly less than last year, but the sale receipts from the outlets were not yet in, said the source. Therefore, the figure could go up, according to the source. The State government slashed sales tax on wine from 112 per cent to 86 per cent, the source added.

NeuWorld Spirits aims Rs 100 cr turnover by FY24; to expand its portfolio

NeuWorld Spirits, an alcoholic beverage startup backed by TRDP group, aims to scale its turnover to around Rs 100 crore in FY24 and have its presence in major markets of the country. The company, which commenced its operations in January this year, has launched two whiskies - Downing Street and Royal Tribe, catering to the premium and semi-premium segments, respectively. Besides, NeuWorld Spirits also has plans to introduce a couple of more brands in the whisky segment and to enter into the premium vodka, craft gin, rum and premium brandy, towards having a complete portfolio of alco-bev (alcoholic beverage) products, said its Managing Director Poonam Chandel. Downing Street and Royal Tribe would cover the entire north India by March 2023, she added. "By April we would launch premium vodka and another whisky (which will be between mass and semi premium). We have already started working on packaging, communications and sourcing. By end of 2023 we would have a robust portfolio," Chand

What does economic research tell us about festival gifting and alcohol?

The Chinese managed to wrest a large part of the $200 bn Christmas gift market but failed to make a dent in the biggest gift segment, alcohol

Sale of beer with alcohol to be banned at Qatar World Cup stadiums

The sale of all beer with alcohol at the eight World Cup stadiums was banned Friday, only two days before the soccer tournament is set to start. Non-alcoholic beer will still be sold at the 64 matches in the country. Following discussions between host country authorities and FIFA, a decision has been made to focus the sale of alcoholic beverages on the FIFA Fan Festival, other fan destinations and licensed venues, removing sales points of beer from ... stadium perimeters, FIFA said in a statement. Champagne, wine, whiskey and other alcohol is still expected to be served in the luxury hospitality areas of the stadiums. Outside of those places, beer is normally the only alcohol sold to regular ticket holders. Ab InBev, the parent company of World Cup beer sponsor Budweiser, did not immediately respond to a request for comment. AB InBev pays tens of millions of dollars at each World Cup for exclusive rights to sell beer and has already shipped the majority of its stock from Britain t

World's largest beer maker adds Budweiser Magnum whiskey to its India menu

India's love for darker spirits makes the world's largest beer maker enter the whiskey segment in the country

Sobering reality: Three liquor firms served notices for surrogate ads

In its warning, the MCA had said that "during recent sports events that were televised globally", many instances of surrogate advertising had been noticed

37% Delhi women drinking more alcohol since Covid pandemic, shows survey

Over 37 per cent of women in Delhi believe that their alcohol consumption has increased in the last three years, indicating the impact of the pandemic on alcohol habits, a survey has claimed. Over 45 per cent women said that the reason for their increased drinking frequency was stress, the survey said. The survey conducted by the Community against Drunken Driving (CADD), an NGO, cited the pandemic, the ensuing lockdown, increased availability of alcohol, and changed expenditure pattern, as factors that contributed to the increased drinking among women. Out of the 5,000 women surveyed, 37.6 per cent of women agreed that their alcohol consumption has increased, the CADD said in a statement. "42.3 per cent women considered their increase more sporadic and occasion-based. Respondents also agreed that many were also trying to make up for lost time, since early 2022 when things started opening up and thus alcohol was being had on more occasions and in more quantities," the statement ...

172 workers at 56 airports found drunk on duty between Jan-July: DGCA

However, Bengaluru airport's operator BIAL gave a different set of data to Business Standard

Analysts remain bearish on liquor companies despite Q1 volume gains

Raw material pressures and lack of pricing power key reasons for this view