Liquor prices set to surge: Minister KN Balagopal announces hike of Rs 10 per litre

THIRUVANANTHAPURAM: Finance Minister KN Balagopal said in the budget speech that the price of liquor will increase in the state. An increase of ten rupees per litre. Excise duty on foreign liquor made in India has been increased by Rs 10 per litre. He also said that 200 crore rupees will be collected in galvanization fee.

The law allows imposition of galvanization fee of up to Rs 30 per litre on Indian-made foreign liquor sold in the state. That is now fixed at Rs 10 per litre. The minister informed that an income of Rs 200 crore is expected through this. The Finance Minister ended his budget speech a short time ago.

Other important announcements

500 crores for Cochin Shipyard

10 crores for the 2024 Keraleeyam programme

Transform Vizhinjam to special hub

To go ahead with Thiruvananthapuram and Kozhikode metro projects

250 crores for digital university

Go ahead with K Rail

1698 crore for agriculture sector

10,000 jobs in sports sector

78 crores of non-toxic vegetables

1868 crores for rural development

Eco-tourism centres will be improved

10,000 crores for Life Scheme

Agricultural University 75 crores

Transform Kerala into a hub of higher education

16 crores for Kerala Feeds

10 lakh rupees for those who prepare videos and features about the development of Kerala