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Karnataka Budget: Liquor prices set to soar as CM Siddaramaiah proposes duty hike

The Karnataka government has proposed a 20% increase in excise duty on liquor, including beer, in its 2023-24 budget, which is expected to raise prices.

karnataka budget: Karnataka govt increases excise duty on IMFL and beer

Karnataka Chief Minister Siddaramiah has increased additional excise duty on IMFL and beer while presenting the State Budget for 2023-24 in the Legislature. The government increased existing rates of additional excise duty on Indian Made Foreign Liquor by 20% on 18 slabs. It also increased the additional excise duty on beer from 175% to 185%.

Karnataka | Presenting a record 14th budget, Karnataka CM Siddaramaiah says Rs 52,000 crore to be spent for five key poll promises

Five 'guarantees' related to free bus travel for women, 200 units of free electricity, 10 kilograms of free foodgrains to the poor, Rs 2,000 for the woman head of the house and unemployment benefit of up to Rs 3,000

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