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Cabinet clears new Excise Policy, targets Rs 127 cr addl revenue generation

January 23, 2026

The Jammu and Kashmir Cabinet has approved a new Excise Policy for 2026-27, aiming to generate an additional revenue of Rs 127 crore. The cabinet also authorized the signing of a memorandum of understanding for completing key works on the Shri Amarnath Ji yatra track and established a Special Purpose Vehicle for managing the Urban Water Transport System on the River Jhelum.

Cabinet clears new Excise Policy, targets Rs 127 cr addl revenue generation

Credit: Dailyexcelsior

Key Highlights

New Excise Policy targets Rs 127 crore additional revenue.
MoU approved for completing works on the Shri Amarnath Ji yatra track.
Creation of a Special Purpose Vehicle for River Jhelum water transport.
Initial equity contribution of Rs 1 lakh from IWAI and Transport Department.
One-time relaxation of JKAS officers' promotions approved.

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Cabinet clears new Excise Policy, targets Rs 127 cr addl revenue generation

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

Cabinet clears new Excise Policy, targets Rs 127 cr addl revenue generation

Key Highlights

Sources

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