{"id":13387,"date":"2024-06-14T15:40:17","date_gmt":"2024-06-14T15:40:17","guid":{"rendered":"https:\/\/exam.pscnotes.com\/current-affairs\/?p=13387"},"modified":"2024-06-14T15:40:17","modified_gmt":"2024-06-14T15:40:17","slug":"in-5-months-excise-department-in-karnataka-achieves-38-revenue-target","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/current-affairs\/in-5-months-excise-department-in-karnataka-achieves-38-revenue-target\/","title":{"rendered":"In 5 months, excise department in Karnataka achieves 38% revenue target"},"content":{"rendered":"

In huge cheer for the cash-strapped stategovernment, the excise department has collected Rs 9,572 crore in revenue which translates to about 38% of the annual target for the 2021-22 fiscal in less than five months.<\/p>\n

While this has not only come as a godsend for the government, since revenue from most other heads are yet to gain steam, but also is an indicator that the economy<\/a> is on the mend. However, sources say they are still reeling under restrictions and government revenue cannot be an indicator of the Health<\/a> of the sector.<\/p>\n

As per data shared by the department, while the state recorded a revenue of Rs 7,227.4 crore in the previous year for the same period (April-August), this year the numbers suggest that there has been a spike of 32%. In the previous fiscal (2020-21), excise revenues had seen a serious drop due to the nationwide lockdown and restrictions thereafter on account of Covid-19.
As expected, there has been an increase in sales of Indian manufactured liquor (IML) with close to 247 lakh case boxes (cbs). This accounts for roughly 42% of the entire sales of IML in 2020-21 in just under five months.<\/p>\n","protected":false},"excerpt":{"rendered":"

In huge cheer for the cash-strapped stategovernment, the excise department has collected Rs 9,572 crore in revenue which translates to about 38% of the annual target for the 2021-22 fiscal in less than five months. While this has not only come as a godsend for the government, since revenue from most other heads are yet … Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1098],"tags":[1255],"class_list":["post-13387","post","type-post","status-publish","format-standard","hentry","category-karnataka","tag-26-08-21"],"yoast_head":"\nIn 5 months, excise department in Karnataka achieves 38% revenue target - Current Affairs Exam<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/current-affairs\/in-5-months-excise-department-in-karnataka-achieves-38-revenue-target\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"In 5 months, excise department in Karnataka achieves 38% revenue target\" \/>\n<meta property=\"og:description\" content=\"In huge cheer for the cash-strapped stategovernment, the excise department has collected Rs 9,572 crore in revenue which translates to about 38% of the annual target for the 2021-22 fiscal in less than five months. 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While this has not only come as a godsend for the government, since revenue from most other heads are yet ... 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