RBI to Resume Cooperative Bank Licences
The Reserve Bank of India is considering restarting the issuance of new licences to cooperative banks, aiming to strengthen the financial sector and expand banking services.
The Reserve Bank of India is considering restarting the issuance of new licences to cooperative banks, aiming to strengthen the financial sector and expand banking services.
The Karnataka High Court refused to vacate the stay on amended excise rules, citing serious questions of excess delegation and arbitrariness. Justice K S Hemalekha scheduled the next hearing for February 11.
Karnataka's excise licences grew to 14,101 in 2025, driven by demand from hotels and clubs. Bengaluru divisions dominate retail licences, while RVB permits surge due to keg beer popularity.
Karnataka's proposed Hate Speech Bill is under the Governor's review, facing political pressure. Get the latest details on this crucial legislation and its implications.
Jaipur's excise department sealed 27 liquor shops for alleged violations. Owners claim arbitrary action, saying they met sales targets. Read the full details of the dispute.
Ludhiana's Excise Department has intensified its crackdown on eateries illegally serving liquor. 13 establishments fined over ₹1.5 lakh in recent raids. Details inside.
Mohali street vendors demand stationary sites for 993 surveyed cases, oppose new mobile licences ahead of Town Vending Committee meeting. They warn displacement may cause social issues.
Mohali Excise Department intensifies enforcement drive, books dhaba owner for openly serving liquor. Read the full details of the crackdown on Kharar-Landran Road.
Tobacco growers in Karnataka protest against the Central Excise (Amendment) Bill-2025, citing a massive tax hike that threatens their survival. They demand a rollback to protect farmer livelihoods.
Tobacco farmers in Karnataka and Andhra Pradesh warn the Central Excise (Amendment) Bill, 2025 will devastate livelihoods and boost illegal trade. Read their urgent plea to the government.
Excise department busts an illegal nightclub in Mohali's Sector 79, seizing 86 liquor bottles. Case registered against owner. Read details of the enforcement drive.
Residents of ECC Road in Bengaluru's Whitefield area are up in arms against a proposed liquor store near a school and temple. Read about their legal fight and community concerns.
The Karnataka government is reviewing private firearm regulations following a Congress worker's death in Ballari. The state has 94,000 active gun licences. Read more on the proposed policy changes.
JioStar, Zee Entertainment, and ABP Network are among 50 broadcasters surrendering TV licences as viewers move to OTT and digital platforms. Crisil report details industry impact. Read more.
Noida's liquor sales soared to Rs 17 crore on Dec 31, 2025, marking a 22% jump from last year. Beer consumption saw the sharpest rise. Discover the festive spending trends that boosted excise revenue.
Noida Excise Department launches inquiry after complaint alleges Arun Vihar club served subsidised CSD liquor illegally. Club denies charges. Full investigation underway.
Dakshina Kannada's liquor market held steady in December 2025. IMFL sales saw marginal growth of 127 boxes, while beer consumption fell by 2,795 boxes. Read the full analysis of local trends and factors.
ITC share price crashed over 5% to ₹345.35 after the government announced a fresh excise duty on cigarettes. Get the full details on the market impact and new tax rates effective February 1.
Cigarette stocks like ITC crashed after govt notified new tax structure from Feb 1, replacing GST cess with higher excise. Analysts warn of 15-20% price hikes impacting sales. Full details inside.
Cigarette prices in India are expected to surge by up to 20% from February 1, 2025, following a significant increase in the National Calamity Contingent Duty. This move will impact major tobacco companies and consumers nationwide.
Belagavi's New Year celebrations saw a cultural shift as beer consumption rose to 1,62,344 bottles, overtaking traditional winter whisky. Explore the changing drinking trends in Karnataka.
Andhra Pradesh's liquor sales surged to Rs 2,767 crore in December 2025, an 8% year-on-year rise. Year-end celebrations drove a 60% spike in the final three days. Explore the district-wise data and key drivers.
The US has approved annual export licences for Samsung and SK Hynix to ship chipmaking equipment to their China facilities through 2026, replacing a more permissive waiver system. This move creates new uncertainty for global memory chip supply.
Punjab government extends deadline for its 'Settlement of Arrears of Tax Dues Scheme' to March 31, 2025. Traders get more time to clear pending dues with significant concessions. Act now to benefit!
Karnataka Congress Chief Whip Saleem Ahmed reveals leadership urged to shift ministers to party work and include 50% new faces in the state cabinet. Latest political developments.
India's new tax structure for tobacco & pan masala kicks in Feb 1. Cigarettes face extra excise, pan masala gets 48% 'Health Security Cess'. Read the full impact.
India considers calibrated excise duty hikes on cigarettes, citing current modest rates and significant fiscal and public health space for increase. Read the full analysis.
Karnataka Home Minister G Parameshwara openly discusses his political ambitions, hoping for a promotion by 2026. He also addresses the Congress party's internal dynamics and future strategy.
India mandates CCTV installation in tobacco factories from Feb 1, 2026. Footage must be preserved for 24 months. New excise rules also clarify duty on tins and other forms. Details inside.
Prices of cigarettes, bidis, and other tobacco products will rise from February 1, 2026, after the government imposes a new excise duty. Find out the latest tax rates and impact on consumers.