Statutory Warning - Buying Liquor Stocks May Be Injurious To Your Health
Dalal Street Investment Journal|May 14 2017

Lohit Bharambe and Karan Bhojwani, two teetotallers speak about their reasons to stay away from the stocks of the companies dealing in alcohol--their version is supported by this exhaustive research and analysis. They justify why it may be detrimental for your financial health to own liquor stocks in these days of much controversies over liquor sales in various pockets of the country.

Statutory Warning - Buying Liquor Stocks May Be Injurious To Your Health

INTRODUCTION 

In November 2015, Bihar Chief Minister Nitish Kumar announced that alcohol would be banned in the state from April 1, 2016. Kumar officially declared a total ban on April 5, 2016 and later said in a press conference hold –‘All types of liquor will be banned in the state from April 5, 2016. The sale and consumption of any type of alcohol in hotels, bars, clubs and any other place will be illegal from April 5 onward.’

This move definitely raised a few questions whether the ban is good or bad. As this move by the Bihar government would adversely impact the state’s finances as the Bihar government gets revenue of nearly of ₹2,000 crore from the sale of IMFL and revenue of around ₹4,000 crore from country liquor sales in 2015-16. However, Chief Minister Nitish Kumar was clear in his vision as he stated that the government would do everything to discourage the drinking habit as it severely hits the poorest of the poor. The alcohol consumption has caused a lot of problems such road accidents and family problems that result in domestic violence, affecting children’s education. After the ban on liquor in Bihar, other states which joined the liquor ban bandwagon were: Kerala: Implemented liquor ban in a phased manner Tamil Nadu: Ruling AIADMK is mulling complete liquor ban in the state in a phased manner Madhya Pradesh: Considering complete liquor ban Chhattisgarh: Considering complete liquor ban

Esta historia es de la edición May 14 2017 de Dalal Street Investment Journal.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición May 14 2017 de Dalal Street Investment Journal.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE DALAL STREET INVESTMENT JOURNALVer todo
How To Invest In An Ageing Bull Market
Dalal Street Investment Journal

How To Invest In An Ageing Bull Market

Bull rallies (periods when stock prices rise) and bear declines (periods when stock prices fall) are natural parts of stock market cycles, but they don't follow a fixed timeline.

time-read
5 minutos  |
July 29, 2024
Should You Entrust All Your Money To A Single AMC?
Dalal Street Investment Journal

Should You Entrust All Your Money To A Single AMC?

If you are a market participant, you have probably heard the quote 'don't put all your eggs in one basket', which suggests diversification. Investors often focus on diversifying across categories like large-cap, mid-cap and small-cap, but they may unintentionally overlook diversification across different AMCs. The question arises: is AMC-wise diversification really necessary? Rakesh Deshmukh takes a closer look at this scenario

time-read
7 minutos  |
July 29, 2024
Wild Swings Engulf Global Equities
Dalal Street Investment Journal

Wild Swings Engulf Global Equities

U.S. stock markets experienced significant volatility. An early-week rally pushed the markets to new highs, but this momentum faded, primarily due to weaknesses in the tech sector. The major indices had a mixed finish with, S&P 500 and Nasdaq closed lower, while the Dow recorded a notable gain.

time-read
2 minutos  |
July 29, 2024
U.S. Elections and China's Economy Hamper Commodities
Dalal Street Investment Journal

U.S. Elections and China's Economy Hamper Commodities

Commodity markets experienced selling pressure in the last fortnight, driven by uncertainties surrounding the upcoming U.S. presidential elections, concerns about the Chinese economy, and increased agricultural production in Brazil.

time-read
2 minutos  |
July 29, 2024
Wealth Building For Retirement Through Mutual Funds
Dalal Street Investment Journal

Wealth Building For Retirement Through Mutual Funds

Retirement is one of the most crucial and lifechanging phases. It marks a period where maintaining your lifestyle becomes paramount even though your regular income stops.

time-read
3 minutos  |
July 29, 2024
Mastering Investment with Information Ratio
Dalal Street Investment Journal

Mastering Investment with Information Ratio

Information Ratio helps in navigating the complexities of the investment landscape by assessing an active fund manager's performance. And though it has its limitations, it remains an essential part of the finance industry. The article explains what Information Ratio is and how investors can use it as another tool

time-read
6 minutos  |
July 29, 2024
Plan To Be Financially Independent
Dalal Street Investment Journal

Plan To Be Financially Independent

Each of us aspires to be financially independent as it ensures having enough resources to be self-sufficient and control our finances.

time-read
2 minutos  |
July 29, 2024
❝Technology is the new game-changer"
Dalal Street Investment Journal

❝Technology is the new game-changer"

With a new breed of young investors entering the financial markets, it is the use of technology that is increasingly playing a major role in how investments are done and tracked. Anand Radhakrishnan, Managing Director, Sundaram Mutual Fund, shares his opinion about how this factor is turning into a significant tool and how it will shape the strategies of his company

time-read
5 minutos  |
July 29, 2024
What If Donald Trumps?
Dalal Street Investment Journal

What If Donald Trumps?

The potential election of Donald Trump as president in the U.S. carries significant implications for the Indian equity market. It could lead to changes in the global trade dynamics, in particular affecting the Indian IT sector while also raising inflation levels and leading to yet another revision in the visa programme for Indians who want to work in the US. The article takes a closer look at what may lie in store

time-read
6 minutos  |
July 29, 2024
Sectoral Gains Make A Mark
Dalal Street Investment Journal

Sectoral Gains Make A Mark

Benchmark indices continued their uptrend, reaching new record highs, although the pace has slowed as the broader markets faced selling pressures

time-read
2 minutos  |
July 29, 2024