• SENSEX
    NIFTY 50
VIDEOS
Business

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.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV

recommended for you

Advertisement