The Punjab cabinet on Tuesday approved the new Excise Policy for the state, with the aim of breaking the monopoly in the liquor business and keeping liquor prices under control, by slashing the Group size from Rs 40 crore to Rs five crore, thus increasing the number of Groups from the current 84 to around 700 in the next fiscal.

Allotment is proposed to be done through draw of lots to bring greater transparency under Punjab’s new Excise Policy, which has been drawn out in consultation with various stakeholders and is focused on breaking the monopoly in the business.

The Excise Policy for 2018-19 got the cabinet nod at a meeting chaired by Chief Minister Capt Amarinder Singh here today.

The government is hoping to earn Rs 6000 crore during the next fiscal from the liquor business under the new Excise Policy, an official spokesperson said after the cabinet meeting.
For the current fiscal, the excise department expects to collect Rs 5150 crore by the end of financial year, as against Rs 4400 crore collected during 2016-17.
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