In a major policy shift, the Ladakh administration has introduced a new excise policy that significantly expands access to alcohol across the Union Territory. Approved by Lieutenant Governor Vinai Kumar Saxena, the new framework allows the retail sale of hard liquor, increases the number of licensed liquor outlets, and permits homestays and guest houses to serve alcohol.
In a significant move aimed at supporting India's textile and apparel sector, the Central government has announced a temporary exemption on customs duty and Agriculture Infrastructure and Development Cess (AIDC) on cotton imports. The exemption will remain in effect from June 1 to October 31, 2026, and is expected to improve cotton availability, reduce production costs.
