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Liquor shops in Uttar Pradesh to open from 10 am to 10 pm.

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There may be excellent news for tipplers. After about seven months, liquor retailers in Uttar Pradesh will evert to the pre-Covid19 timing of 10AM to 10PM. An order to this impact was issued by the Excise Division on Tuesday and might be relevant to all liquor retailers situated exterior Covid-19 containment zones.

Liquor retailers that had shut down in the course of the lockdown, had been allowed to reopen on Could 4. Nevertheless, they may function solely until 7 p.m. then. Subsequently, when the federal government introduced weekend curbs to cease the unfold of the virus, it made the closure rule relevant to liquor vends as properly.

In July, liquor retailers had been allowed to function throughout weekends however may additionally stay open until 9 p.m. Liquor Sellers Welfare Affiliation of UP normal secretary Kanhaiya Lal Maurya stated that the choice would assist considerably in bettering gross sales.

“It had been a number of months since liquor vends had been being closed at 9 p.m. When bars and eating places are being allowed to perform for longer length, we couldn’t perceive why retailers needed to be closed early. We met senior officers of the Excise Division final week and had requested them to vary the timings. The Affiliation welcomes the choice,” he stated.

The Affiliation has additionally raised the difficulty of not having the ability to meet the license necessities for gross sales because of the early closure. Maurya stated that now with the marriage and competition season having began, liquor vend homeowners would be capable to hope for higher enterprise within the coming months.

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ICICI Bank sets up presence in Nepal

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ICICI bank, apex consumer commission, Rs two lakh, ATM fraud, Business news

Lending major ICICI Bank on Thursday launched its operations in Nepal, via a representative office, to become the first Indian private sector bank to set up its presence in the country.

The bank opened a representative office in Kathmandu which will closely work with the domestic banks in Nepal to facilitate investment, trade, payments and treasury business between the two countries.

According to the bank, the current foray has expanded its global footprint to 15 countries including India.

“India and Nepal have significant trade and investment links between them. We believe that ICICI Bank’s on-ground presence through the new representative office coupled with its strong business partnerships with banks in Nepal, will help us further our participation in the economic flows between the two countries,” said Sriram H. Iyer, Head – International Banking Group, ICICI Bank.

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