Karnataka halves excise licence renewal fees
The government had initially increased the fees with an ambitious target of generating Rs879 crore in revenue for the state exchequer. However, the steep hike appeared to be a significant burden on licence holders across various categories, including bars, hotels, and retail liquor shops. As a result, several associations and stakeholders demanded an immediate revision. Under the previous proposal, CL9 bar and restaurant licences were set to rise from Rs8.62 lakh to Rs15 lakh, with an additional Rs2.25 lakh cess, bringing the total to Rs17.25 lakh. CL6A star hotel licences were revised from Rs9.75 lakh to Rs20 lakh plus Rs3 lakh cess, totaling Rs23 lakh. Similarly, CL7 boarding and lodging licence fees were raised from Rs9.75 lakh to Rs17 lakh, with Rs2.55 lakh cess, totaling Rs19.55 lakh.
With the revised order, the excise renewal fees across these and other categories will now be reduced by half, effective from July 1. The decision is expected to bring significant relief to the liquor industry.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
17 hours ago
- Hindustan Times
IIM Bangalore launches FinTech certificate programme for young professionals
The IIM-B on Monday announced the launch of the FinTech certificate programme for young professionals, an online course designed to equip early-career professionals and students with foundational and advanced knowledge of the rapidly evolving FinTech ecosystem. Supported by the Government of Karnataka, the the FinTech certificate programme is offered at a significantly subsidised fee.(File) Supported by the Government of Karnataka, the programme is offered at a significantly subsidised fee. Speaking at the launch event, Karnataka's Minister for Electronics, IT/BT, and Rural Development & Panchayat Raj, Priyank Kharge, said the initiative will empower youth and professionals with the skills needed to thrive in the dynamic FinTech sector. 'I particularly appreciate that it is a flexible programme with a focus on bringing women back into the workforce after a career break,' Kharge added. The programme is part of the skilling and training pillar of the Centre of Excellence (CoE) in FinTech, established by the Department of Electronics, IT, and BT, Government of Karnataka, to nurture and accelerate the state's FinTech landscape. 'The Government of Karnataka has always been ambitious—be it through GCC policy, Very Large Scale Integration (VLSI) policy, gaming policy, or IT & BT policies. Being ambitious is good, and we hope the FinTech CoE's first major outcome will be scaling this certificate programme,' Kharge said. The course will be delivered in two tiers: a six-month Foundation Certificate followed by a three-month Advanced Certificate, available upon successful completion of the first phase, according to an IIM-B press release. It will be led by G Sabarinathan, retired professor in the Finance & Accounting area at IIM-B, who serves as the programme director. 'The curriculum has been carefully designed with a blend of academic and industry inputs to prepare young graduates across disciplines to take on diverse roles within the Indian FinTech industry,' said Sabarinathan. Applications for the programme will be accepted from August 11 to September 14 via the IIMBx platform.
News18
17 hours ago
- News18
IIM Bangalore launches FinTech certificate programme for young professionals
Agency: PTI Bengaluru, Aug 11 (PTI) The IIM-B on Monday announced the launch of the FinTech certificate programme for young professionals, an online course designed to equip early-career professionals and students with foundational and advanced knowledge of the rapidly evolving FinTech ecosystem. Supported by the Government of Karnataka, the programme is offered at a significantly subsidised fee. Speaking at the launch event, Karnataka's Minister for Electronics, IT/BT, and Rural Development & Panchayat Raj, Priyank Kharge, said the initiative will empower youth and professionals with the skills needed to thrive in the dynamic FinTech sector. 'I particularly appreciate that it is a flexible programme with a focus on bringing women back into the workforce after a career break," Kharge added. The programme is part of the skilling and training pillar of the Centre of Excellence (CoE) in FinTech, established by the Department of Electronics, IT, and BT, Government of Karnataka, to nurture and accelerate the state's FinTech landscape. 'The Government of Karnataka has always been ambitious—be it through GCC policy, Very Large Scale Integration (VLSI) policy, gaming policy, or IT & BT policies. Being ambitious is good, and we hope the FinTech CoE's first major outcome will be scaling this certificate programme," Kharge said. It will be led by G Sabarinathan, retired professor in the Finance & Accounting area at IIM-B, who serves as the programme director. 'The curriculum has been carefully designed with a blend of academic and industry inputs to prepare young graduates across disciplines to take on diverse roles within the Indian FinTech industry," said Sabarinathan. Applications for the programme will be accepted from August 11 to September 14 via the IIMBx platform. PTI JR SSK view comments First Published: August 11, 2025, 20:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Indian Express
18 hours ago
- Indian Express
IIM Bangalore launches fintech certificate programme for young professionals
The Indian Institute of Management Bangalore (IIMB), through its digital learning initiative IIMBx, has announced a new FinTech Certificate Programme for early-career professionals and students. The online course is supported by the Government of Karnataka as part of the Skilling and Training pillar of the Centre of Excellence in Fintech, set up by the Department of Electronics, IT, and Biotechnology. According to a statement from the institute, the launch of the course comes at a time when financial technologies are seeing rapid adoption, leading to greater financial innovation and expanded access to services. The organisers aim to align the programme's content with industry needs, enabling participants to pursue roles across the fintech sector. The programme will be delivered in two phases. The first is a six-month Foundation Certificate, followed by a three-month Advanced Certificate for those who complete the first stage. Applications have begun and will close on September 14. Candidates can log in and find out more on the official IIMBx platform at The initiative is supported by a government grant, which enables it to be offered at a subsidised fee. IIMBx will deliver the course through a blended asynchronous model. Course materials will be made available in phases, with sufficient time given for completion before the next set is released. The structure includes recorded lectures, supplementary reading materials, ungraded activities, and graded assessments. Content transcripts will be available in both Kannada and English. Live sessions will be used for discussions, industry interaction, and problem-solving. Learner support will include doubt-clearing sessions and other academic assistance. The curriculum covers conceptual areas such as business strategy, people management, finance and accounting, product management, and regulation of financial services. It also addresses the main segments of the fintech industry, including lending, insurance, payments, and wealth management. The programme is designed to prepare participants for diverse roles in the sector, including strategy, product management, and entrepreneurship. The programme will be led by Professor G. Sabarinathan, retired faculty member in the Finance and Accounting area at IIMB. The course content will combine academic instruction with contributions from industry professionals, according the official notice.
