Liquor ban impact Rs 65K crores of loss!

The latest order of the highway liquor ban threatens an estimated toll of Rs. 65,000 crores!
Liquor ban impact Rs 65K crores of loss!

The highway liquor ban of India has enforced many of the most prominent hotel chains such as Oberoi, Taj, Hyatt and Accord groups to stop serving alcohol to guests at important locations from this April 1. This critical order warns an estimated toll of Rs. 65,000 crores in revenue foregone by the hotel industry and the state governments.

Reports say that the move leads to state governments losing overall tax revenue about Rs. 50,000 crores as the restaurants and pubs may take a hit of Rs. 10,000 crores. Reports also adding that more thank a lakh of employees involves in this outlets will lose their job.

Riyaaz Amiani, the president of the National Restaurant Association of India (NRAI) said, “State revenue losses are estimated at Rs 50,000 crore, besides job losses of over a lakh. We are in the process of putting together exact numbers but these are initial projections!”

Ban Inner

“Apart from the trade having to dispose of stocks, the state governments will bleed the income heavily”, he said.

NRAI is a lobby group that represents restaurants and pubs around the country.

Amitabh Kant, the CEO of Niti Aayo has tweeted with anger as ‘Tourism creates jobs. Why kill it? Supreme Court’s highway liquor ban verdict may hit 1 million jobs.”

Supreme Court has been taken this step as a safety measure to reduce accidents due to drunk driving as India has emerged one among the most crash-prone countries in the world.

JW Marriott, Taj Santacruz and Grand Hyatt in Mumbai; The Oberoi, The Trident and Leela Ambience in Gurgaon; and all the hotels in Aero City Delhi such as the JW Marriott, Hotel Pullman, Ibis and Holiday Inn are some of the significant Hotels affected by the ban.

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