The Government of Karnataka notifies the Karnataka Excise (General Conditions of Licences) Amendment Rules, 2020.

The Deputy Commissioner of Excise is now empowered to shift the location of certain specified retail shops. These specified retail shops refer to retail shops issued to the Government Companies. In the case of the 463 retail shops issued to Mysore Sales International Limited (MSIL) on 3rd July 2009, the shift may be from the limits of one Grama Panchayat to the limits of another Grama Panchayat, within the district. On the other hand, in the case of the 900 retail shops issued to MSIL on 23rd September 2016, the shift may be from the limits of one Grama Panchayat to the limits of another Grama Panchayat, within the same Legislative Assembly constituency.

The Government of Jammu and Kashmir has released a new Excise Policy for the remainder of 2020-2021

The policy stipulates that in order to encourage the transition from high alcohol content beverages to low alcohol content beverages, licences will be issued to bars with Micro Brewery at locations permitted by the Excise Commissioner. Pertinently, the new excise policy has also withdrawn the additional 50 per cent excise duty on liquor (which was levied in May), commonly known as corona tax. Furthermore, to put an end to the bootlegging, illegal distillation of liquor and to promote the availability of safe drinks, new licences will be granted for the sale of liquor off the premises of wine shops. Moreover, in these cases, the Excise Department will reserve a fixed number of licences/ licenced zones for Ex-Servicemen, Specially Abled, SC/ST/OBC and economically weaker sections. The policy also states that liquor shall not be sold in plastic bottles and must be sold in glass/ PET bottles/ tin cans only. Additonally, the policy imposes a ban on the import of Indian Made Foreign Liquor (IMFL) brands having MRP up to Rs. 600 per bottle into J&K.

RBI issues revised priority sector lending guidelines.

The revised guidelines have been framed to address regional disparities in the flow of priority sector credit and higher weightage have been assigned to incremental priority sector credit in ‘identified districts’ where priority sector credit flow is comparatively low.