To make up for a revenue shortfall, the Jammu and Kashmir administration is contemplating the withdrawal of the 50 per cent additional excise duty imposed on liquor prices in the Union Territory
Excise Commissioner R K Shavan sought the waiver of the additional duty in a letter to Financial Commissioner Arun Kumar Mehta, sources said
“There has been drastic fall in the sale of liquor especially middle and low economy class brands and also the sales in army/para military unit canteens” during the past two months, the letter read, adding that “the 50 per cent additional excise duty has discouraged the consumers to purchase less quantity both in the open market as well as in the unit canteens”
“Figures have revealed that the quota lifted from the Army Depots across the Union Territory has declined as compared to previous period,” the Excise Commissioner wrote
Pointing out that it has been “reliably” learnt that many other states have rolled back the additional “corona virus duty”, Shavan recommended that the Union Territory administration waive the 50 per cent additional duty on liquor till a new policy comes into force so that the sale and manufacturing of liquor is enhanced to generate revenue
The administration had announced the hike in May to compensate for the loss of revenue due to the Covid-19 lockdown
Though there has been no official word on the quantum of fall in revenue from liquor sales during the past two months, sources put it at a whopping Rs 125 crore in April alone
The manufacture and sale of liquor has been a major source of revenue for the administration in Jammu and Kashmir. There are nearly 220 liquor shops and over a dozen distilleries in the Jammu region alone. Kashmir, on the other hand, is a different story altogether—there are only four liquor shops in Srinagar.
Every person working in this company earns 50 lakh rupees annually
In today’s time, every person wants to get good income for whatever work he does. May that life be a life of comfort. Have fun and stay entertained.
* Every person’s annual income is Rs 50 lakhs
But do you know that there is also a company where every person working on it has an annual income of Rs 50 lakhs. Yes you heard it right This is a company where the boss of this company reduced his income and raised his income to Rs 50 lakh per annum for every man working in his company.
* The gambling he played five years ago was beneficial
It was in 2015 when the boss of a card payments company in the Australian city of Seattle set a minimum salary of 70 thousand dollars, or about 50 lakh rupees, for his 120 employees. To do this, the company’s boss had reduced his income from one million dollars, or about seven crores. It has been five years now and this man is still taking a low salary. The man named Dan Price says that the gambling he played five years ago was beneficial.
* Valerie tells him how his life has remained
Actually Dan was taking a trip to the mountains near Seattle with his friend Valerie. Then his friend told such a thing that he got upset. On the go, Valerie tells him how his life has remained a pang. His landlord has increased the rent by $ 200 and is not able to meet the daily expenses.
* How much contrast in the world
Price says, “She is such that service, respect and hard work define her personality.” Valerie was earning 40 thousand dollars, or about 29 lakh rupees every year, but she could not get a house of her own in Seattle. She was Price was unhappy at how odd the world was. Suddenly he realized that he himself is part of the same problem. Price became a millionaire at the age of 31. His company Gravity Payments has around 2000 customers and is valued at millions of dollars. He created this company when he was a teenager.
* Decided to change the situation
Price was earning $ 1.1 million (about eight crore rupees) a year, but his friend Valerie realized that his staff would also be struggling. He decided to change these circumstances. Dan Price is very positive and polite, but he is one of the most powerful voices in the United States to rise against inequality.
* Society, greed in its culture
He says, “People are struggling with hunger, being fired from jobs or facing exploitation. Just so that one can find a luxurious apartment in a high tower in New York, where he can rest on a sleeping chair. We are promoting greed in our society, our culture.
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