AlcoBev sector facing sustainability threat due to inflationary pressures causing cost push on inputs: ISWAI

Bhubaneswar :Business sustainability of AlcoBev manufacturers is becoming a challengeon account of runaway inflation, no price increase to suppliersfor the past 6 years, high rate of taxation and hike in ethanol price. The International Spirits & Wines Association of India (ISWAI), an authoritative voice of the Indian Premium Alcoholic Beverage Industry, todayappealed to the state government of…

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Common People Bearing the Wrath of Price Hike

Bhubaneswar: According to the Controller General of Accounts under the Union Ministry of Finance, the government has been collecting more than 79 per cent more money from petroleum products since the pre- Covid times. From April to September 2017, this amount was Rs. 930,95,000. In 2020, by this time, Rs. 1,28,000 was collected whereas in…

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