Kerala Floods: Excise duty on liquor raised.

LAST MODIFIED: August 18 2018, 09:46 IST
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Kerala Floods: Even as Kerala grapples with its worst floods in nearly a century, Finance Minister Thomas Issac on Thursday announced a hike in excise duty on liquor to raise additional funds for relief and rehabilitation of the affected.

“Yes, there is a financial resource crunch. We shall overcome. As additional resource mobilisation to the Chief Ministers Disaster Relief Management Fund, the excise duty on liquor increased by 0.5 to 3.5 per cent for 100 days. Rs230 crore [Rs2.3 billion; Dh8.4 billion] expected as additional revenue,” Issac tweeted.

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The Kerala government has estimated a loss of Rs80 billion due to floods in the wake of heavy rains across the state.