Wednesday, December 7, 2022
HomeIndiaDelhi govt to earn Rs 10,000 crore revenue under new excise policy,...

Delhi govt to earn Rs 10,000 crore revenue under new excise policy, Sisodia says

Delhi Deputy CM Manish Sisodia also said that AAP govt made 41% less revenue last year due to Covid pandemic and has earned 23% less in the current financial year.

Text Size:

New Delhi: Delhi Deputy Chief Minister Manish Sisodia on Wednesday said the city government has earned 23 per cent less revenue in the current financial year, but it will gain Rs 10,000 crore from bidding of liquor shops under the new excise policy.

We will get Rs 10,000 crore revenue from bidding of liquor shops under the new excise policy. We have received nearly 225 bids for 32 zones of the city.

This will be around Rs 3,500 crore extra revenue from what we got in 2019-20. In financial year 2019-20, the government had collected a revenue of Rs 6,300 crore from bidding of liquor shops, Sisodia said.

He said the extra revenue is a result of reforms in the excise policy as earlier such revenue was stolen.

The deputy CM also said that the AAP-led Delhi government earned 41 per cent less revenue last year due to COVID-19 pandemic.

Due to coronavirus-induced lockdown, economic activities are less so tax collection is low. Under value-added tax (VAT), the government earned 25 per cent less revenue in the current fiscal, while in excise it collected 30 per cent less revenue, he said.

The minister added that collections in stamp duty and motor vehicle taxes are also down by 16 per cent and 19 per cent, respectively, for the current fiscal.


Also read: Delhi govt orders complete ban on storage, sale & use of firecrackers during Diwali


 

Subscribe to our channels on YouTube & Telegram

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here.

Support Our Journalism

Most Popular