CAG Report Finds Rs 2,027 Crore Loss In Delhi Liquor Policy
The Comptroller and Auditor General (CAG) has come out with a report on the Delhi Excise Policy 2021-22, alleging a Rs 2,027 crore loss to the exchequer.
The report alleges that companies facing financial difficulties received licenses. Some decisions were allegedly made without approval from the Cabinet or the Lieutenant Governor. The report also alleges that leaders from the Aam Aadmi Party (AAP) received money from some businesses involved in the liquor trade.
The liquor policy was introduced in the year 2021 and aimed to eradicate the sale of spurious liquor. The policy also intended to revamp the liquor retail landscape in the national capital and maximise revenue. But important measures like the setting up of liquor testing laboratories, batch testing for rigorous quality assurance and monitoring & regulation through the creation of a dedicated post were not ensured, the CAG report states.
The audit also observed discrepancies in the way the excise department monitored and regulated the supply of liquor in the NCT of Delhi.
Opposition parties, including the BJP, have criticised the Delhi government after the report was released. AAP has denied the allegations and questioned the report's findings.
-
Signature Play: The Classic Cocktail Is Dead. Or Is It?
Classic cocktails are disappearing from India's cocktail menus. But they're still being ordered, taught to bartenders and borrowed from. So, who's really having the last drink?
-
A New Samvat Wishlist: Inclusive Prosperity And Human Development
India has strengthened its economic foundations through infrastructure, digital access and enterprise. Its next growth chapter must deepen productivity, create better livelihoods and widen participation in prosperity.
-
Love, Sex Aur Dhokha: The Audacious Plot To Spy On Jensen Huang
A Taipei dinner, a Singapore chip buyer and a suspected Chinese asset: inside the alleged spy operation that got close to NVIDIA's Jensen Huang.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
