New Delhi, May 15 -- The Karnataka government's Excise Department has recently announced reductions of at least 20-25 per cent in the prices of mild and lager beers, effective 11 May. The new price list has been rolled out under the Alcohol in Beverage (AiB) policy for beers and spirits.

Media reports on Friday stated that under the AiB policy, the maximum retail price (MRP) of beers with 5 per cent alcohol v/v has dropped by 20-25 per cent.

Starting 11 May, the state government replaced its decades-old bulk litre-based system with a new model that calculates pricing based on the percentage of alcohol in beverages. According to a report in Deccan Herald, Karnataka has become the first state in the country to adopt this model.

The move ...