Delhi’s new excise policy allows bars to operate till 3 a.m.
The Delhi government has finally made its new excise policy public, permitting hotels, clubs and restaurants in the national capital to serve Indian or foreign liquor in any area within the licensed premises, including the terrace, balcony or lower area till 3 a.m.
The much debated new excise policy aims to introduce sweeping changes in the city’s liquor business, clean up malpractices, and improve user experience.
According to the details available on its website, the policy allows microbreweries to supply draught beer to bars and also provide takeaway services. It said that wherever draught beer is being served as a takeaway, clear signage and information will be needed to put up about its short shelf life and the bottles will have to mention the expiry date clearly.
It further stated that draught beer shall also be allowed to be served at permitted events, banquet halls that have temporary licences such as P-10, P-10E etc. The policy clearly states that establishments found selling draught beer after its expiry date will immediately have its license revoked.
However, the new policy made no mention about reducing the legal drinking age from 25 years to 21 years, as had earlier been announced.
The AAP-led Delhi government has already made it clear that the new excise policy has been framed promoting private players in the business up to 100 per cent.
Keeping in view the coronavirus disease (Covid-19) protocols in place, the new policy strictly prohibits crowding outside a vendor on the pavement and buying through the counter.
Policy will also allow bars in hotels, restaurants and clubs to operate till 3 a.m., “except those licensees which have been given license to operate round the clock service of liquor.”
In the new policy, the number of retail liquor vends has been capped at 849 in the city. These include five super premium retail vends that will have a minimum carpet area of 2,500 Sq Ft.
The super premium vends can sell products only above Rs 200 for beer and above Rs 1,000 retail price for all other spirits, including but not limited to Whiskey, Gin, Vodka, Brandy etc.
With the new policy, the Delhi government expects its revenue to grow by 20 per cent in a year.
Tom Cruise ‘would love to meet someone special’ after three failed marriages
Hollywood star Tom Cruise has been married to Hollywood stars Mimi Rogers, Nicole Kidman and Katie Holmes, with the actor most recently being romantically linked to Shakira.
The unlikely pair met at the Formula 1 Grand Prix and while it seems Tom was “very interested in pursuing” the singer, she wasn’t so keen, reports
A source has revealed Tom’s friends have now given him some dating advice as he searches for “the one.”
The comments come after it was revealed Shakira “begged” Tom to “stop flirting with her” as the situation became “too much” for her following her painful split with Gerard Pique.
The 46-year-old singer and Barcelona defender, 36, announced their shock breakup in June last year after 12 years together.
Gerard has since moved on with Clara Chia Marti, 24.
“She doesn’t want to embarrass or upset him, but there’s no attraction or romance on her part – she was just being friendly. She’s flattered but not interested,” an insider told Heat Magazine.
The insider added that Tom has been searching for the right woman for years and said he has “the highest standards” and won’t settle for “second best” in a potential lover.
Tata Group signs ₹13,000-crore deal for EV battery plant with Gujarat govt
On Friday, the Tata group signed an outline agreement with the Gujarat government to establish a lithium-ion cell factory, investing approximately Rs 13,000 crore ($1.6 billion). This move aligns with India’s aim to develop its own electric vehicle (EV) supply chain.
The memorandum of understanding (MoU) was signed by Vijay Nehra, Secretary of Science and Technology, Government of Gujarat, and Rakesh Ranjan, CEO of Agratas Energy. The establishment of the plant aims to reduce Gujarat’s dependence on China and Korea, which are currently the major suppliers of battery cells to India.
The establishment of the factory aligns with the state’s ambitious targets of achieving 50% carbon emission-free energy and 100% electric vehicle (EV) adoption by 2030.
In April, Jaguar Land Rover (JLR), a subsidiary of Tata Motors, unveiled its electrification plan. JLR disclosed it would invest £15 billion (approximately $19 billion) over the next five years, with a focus on transforming itself into an electric-first and modern carmaker. As part of this strategy, JLR’s Wolverhampton plant in the UK, known for known for producing Ignenium internal combustion engines for their vehicles, will produce electric drive units and battery packs for their next-generation of vehicles.
Bids worth ₹6,500 crore pour in for government’s stake sale in Coal India
The Indian government’s divestment bid hadn’t received the expected response in the past few years, as it has kept bringing down its target and still missed the Rs 65,000 crore target by more than 50 per cent last year. It called off the privatisaiton of firms such as Bharat Petroleum after failing to get bids, and Air India was also rescued by Tata when no one else stepped up to buy it. But the Indian government’s latest offer for sale of a stake in Coal India, has received an overwhelming response, with bids worth Rs 6,500 crore from institutional buyers.
Against its OFS for 8.31 crore shares of the state-owned coal producer, the government received bids for 28.76 units, which is 3.46 times the number of stocks on offer.
Positive signs at the beginning of the year
The shares were offered at a 7 per cent discount, as part of the first stake sale by the government in FY24.
With a target of raising Rs 51,000 crore via divestment this year, the government put up a 3 per cent stake in the PSU for sale.
Half of it was part of the OFS, and the other 1.5 per cent stake was set aside in case of oversubscription.
This was part of a 66 per cent stake which the Indian government holds in Coal India.
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