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Rewind 2020: Can excise fee waiver help restaurants recoup losses? Here's a ground report

Updated : December 30, 2020 10:38:27 IST

Over 6 months of shutdown, re-opening with less than 50 percent business, high operational expenses and after tackling all of that, a night curfew again… year 2020 left a sour taste in the mouth for the restaurant sector.

But as the year came to an end, the sector got something to cheer about- a 50 percent reduction in excise licence fee along with a waiver on the proposed 15 percent hike in excise licence fee in Maharashtra.

With businesses in peak season disrupted, could the excise fee waiver help the industry recoup losses? CNBC-TV18s Yash Jain gets a ground report.

Watch video for more.
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