Economy Increasing excise taxes might discourage people from buying alcohol, says report Updated : September 24, 2018 11:55 PM IST The harmful effects of alcohol are the fifth leading risk factor for premature deaths and disability. It is among the top risk factors for non-communicable diseases such as cancer and cardiovascular disease, the report said. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.