KOLKATA: At least four of the town’s largest and oldest golf equipment have hiked liquor prices and several other others are making plans to apply go well with following the massive hike in bar licence fee via the excise division. One of them has had to close down two smaller bars to manage its funds.
On Saturday, Dalhousie Institute (DI) — remaining of the massive golf equipment that had withheld fee of licence fee hoping that the 10-fold hike can be revised downward — paid up to be sure that its bars remained purposeful on Sunday.
Having paid the charges, the membership managements at the moment are faced with a new drawback: how one can tally the upper outgo in the balance sheet with income from the bar. Tolly Club, Royal Calcutta Golf Club, Bengal Club and Lake Club have done the mathematics and realised there is no choice however to head in for a worth revision. At those golf equipment, liquor prices will move up via five%-10%. The others, too, want to do the similar however are biding time ahead of they're pressured to swallow the bitter tablet.
One membership although has devised some way that won't require it to revise the liquor price. Calcutta Rangers Club accrued Rs 4,000 from every member to pay the extra licence fee quantity so that it does not impact the membership’s balance sheet. Dalhousie Athletic Club, too, could move in for the next annual subscription from members to lift the price quantity.
Bengal Club, too, attempted to soften the impact via surrendering two subsidiary bar licences. But it has still had to move in for a five% hike in liquor price. “We’ve attempted to be sure that the impact on members is minimal. Our members are satisfied the hike isn't in double digits,” said membership CEO Dipankar Chakravorty.
Tolly Club could not steer clear of a double-digit hike. Club CEO Anil Mukerji said a round were issued to members, informing them of the verdict to hike liquor price via 10% from April 1 to absorb the impact of the licence fee. At Lake Club, a fee hike resolution has been taken via the control however the quantum of hike might be made up our minds at a meeting. “We don’t want to increase the charges past what is necessary to cover the costs. But there is no approach we can maintain without a hike. We just don’t have that many members and that a lot liquor sale to absorb the price hike,” said membership secretary Subrata Guha.
Other premier golf equipment like DI, Calcutta Club, Calcutta Rowing Club (CRC), Calcutta Cricket & Football Club (CC&FC) and International Club have followed a wait and watch coverage for now.
Conscious of how unpopular a call to hike either membership charges or price of drinks, CCFC president Jayant Jaypal Singh said the membership has made up our minds to retain the current liquor charges and absorb the price as a hike would inconvenience members. “Let us try and see how a lot we can absorb. If it is financially difficult to maintain, members must take a call,” said Singh.
CRC general secretary Chandan Roychowdhury, too, doesn’t want to hike the price of liquor. “We have to do something to balance the account books and stay the membership wholesome. We might be understanding something in a couple of days,” he said.
On Saturday, Dalhousie Institute (DI) — remaining of the massive golf equipment that had withheld fee of licence fee hoping that the 10-fold hike can be revised downward — paid up to be sure that its bars remained purposeful on Sunday.
Having paid the charges, the membership managements at the moment are faced with a new drawback: how one can tally the upper outgo in the balance sheet with income from the bar. Tolly Club, Royal Calcutta Golf Club, Bengal Club and Lake Club have done the mathematics and realised there is no choice however to head in for a worth revision. At those golf equipment, liquor prices will move up via five%-10%. The others, too, want to do the similar however are biding time ahead of they're pressured to swallow the bitter tablet.
One membership although has devised some way that won't require it to revise the liquor price. Calcutta Rangers Club accrued Rs 4,000 from every member to pay the extra licence fee quantity so that it does not impact the membership’s balance sheet. Dalhousie Athletic Club, too, could move in for the next annual subscription from members to lift the price quantity.
Bengal Club, too, attempted to soften the impact via surrendering two subsidiary bar licences. But it has still had to move in for a five% hike in liquor price. “We’ve attempted to be sure that the impact on members is minimal. Our members are satisfied the hike isn't in double digits,” said membership CEO Dipankar Chakravorty.
Tolly Club could not steer clear of a double-digit hike. Club CEO Anil Mukerji said a round were issued to members, informing them of the verdict to hike liquor price via 10% from April 1 to absorb the impact of the licence fee. At Lake Club, a fee hike resolution has been taken via the control however the quantum of hike might be made up our minds at a meeting. “We don’t want to increase the charges past what is necessary to cover the costs. But there is no approach we can maintain without a hike. We just don’t have that many members and that a lot liquor sale to absorb the price hike,” said membership secretary Subrata Guha.
Other premier golf equipment like DI, Calcutta Club, Calcutta Rowing Club (CRC), Calcutta Cricket & Football Club (CC&FC) and International Club have followed a wait and watch coverage for now.
Conscious of how unpopular a call to hike either membership charges or price of drinks, CCFC president Jayant Jaypal Singh said the membership has made up our minds to retain the current liquor charges and absorb the price as a hike would inconvenience members. “Let us try and see how a lot we can absorb. If it is financially difficult to maintain, members must take a call,” said Singh.
CRC general secretary Chandan Roychowdhury, too, doesn’t want to hike the price of liquor. “We have to do something to balance the account books and stay the membership wholesome. We might be understanding something in a couple of days,” he said.
Excise-hit clubs raise liquor rates
![Excise-hit clubs raise liquor rates]()
Reviewed by Kailash
on
April 01, 2018
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