Full Coverage: What is the force behind RBI Governor Raghuram Rajan’s first monetary policy?

19 Sep 2013 / 0 Comments

3.45 am Just woke up after long work till 12 am. "The office is so messy as like Indian economy. Fortunate Subbarao who left this mess created by few stupid political economists," Raghuram Rajan found telling the sweeper who came to clean up the

Read More...

Political News
Business

Full Coverage: What is the force behind RBI Governor Raghuram Rajan’s first monetary policy?

3.45 am Just woke up after long work till 12 am. "The office is so messy as like Indian economy. Fortunate ...

Kapil Sibal’s wife threw him out of house over rising onion prices

According to sources, Telecom Minister Kapil Sibal's wife threw him out of his house for entire night yeste...

Economy

Full Coverage: What is the force behind RBI Governor Raghuram Rajan’s first monetary policy?

3.45 am Just woke up after long work till 12 am. "The office is so messy as like Indian economy. Fortunate ...

Kapil Sibal’s wife threw him out of house over rising onion prices

According to sources, Telecom Minister Kapil Sibal's wife threw him out of his house for entire night yeste...

Entertainment
Society

Matrimonial sites to offer health insurance

Indian matrimonial sites such as shaadi.com, bharatmatrimony.com and jeevansaathi.com are planning to offer ...

Sports News

Hansie Cronje plans to return to earth as match fixing rates sky rocketed

Former South Africa Cricket Captain and banned cricketer in match fixing saga in early 2000s, Hansie Cronje ...

Analysis: Why BCCI ideally needs to be involved in match-fixing?

Analysis of the India Satire Research Bureau suggests that there is every reason for BCCI to benefit from I...

BCCI’s new plan to clean up IPL will take care of players not getting caught in spot fixing again

BCCI's new 12-point IPL cleanup plan considers all steps to guard cricketers from getting caught in match ...

World News

China’s encroachment comes under Free Land Intrusion Scheme; it can also take benefits of new Land Acquisition Bill – AK Antony

India's Defence Minister AK Antony confirmed that China's encroachment in the Indian border of 640 sq km are...

Courageous Rahul Gandhi plans his next holiday weekend in Syria

Rahul Gandhi to take a look at Syrian conditionsCongress Vice President Rahul Gandhi has decided to spend his...

US chemical weapons ready to strike Syria

US said it is ready to strike all its new range of chemical weapons on Syria. The country released its offic...

Opinion

Mahatma Gandhi deeply concerns over current fall in the rupee

Father of the nation, Mahatma Gandhi saddened after reading the current fall in the rupee in 'Earth Weekly'....

Interview
Media
Columns
Business
Published On:Friday, 26 October 2012
Posted by Diggy Chacha

UPA Government plans to lower Drinking Age to 12 to bail out Vijay Mallya from Kingfisher's mess

NEWS IN BRIEF - BUSINESS

After falling from billion dollar rich tag, Vijay Mallya's statement over karmic connection of the life's richness and jealousy made UPA government emotional to make serious decision in bailing out his Kingfisher dreams in a different way.

"We are reducing the liquor drinking age to 12 from around 21 years (in Maharashtra it's 25 years)," said HRD Minister Kapil Sibal. He said "That is sufficient to bail out Mallya from current financial mess."

Mallya earlier said "Thanks to the Almighty that Forbes has removed me from the so called Billionaires list. Less jealousy, less frenzy and wrongful attacks." Vijay Mallya also told that he would switch to Kingfisher beer and McDowell's whisky brand.

However, the above sad statement from liquor baron couldn't go well with HRD Minister who immediately called a meeting of e-GOM (Empowered Group of Minister) where he clearly told that he had decided to lower the age of drinking to 12.

"Even my great grandson will also contribute in a small way to recover Vijay Mallya from financial trouble. I assure you guys that bucks will start from my home. My great grandson who is just 12 and half years old will finish least 5 bottles of beer and 2 pegs of McDowell's Mera No. 1 everyday," said Kapil Sibal.

Many other UPA ministers pledged that they will see their sons, daughters, grandsons and granddaughters will have any kind of alcoholic drink after crossing 12 years. However, few new ministers showed their displeasure on the reduction of age to 12 and wanted it to lower to 5 years.

While Mallya was accompanying Sibal in the meeting said "I am thankful to UPA Government and particularly Sibalji. If he had not have chosen this step, I might have switched to McDowell's Mera No. 1 from the Macallan. But thanks to Kapilji, I would not require to drink a whisky made for aam aadmi and will keep my status going."

According to Government estimates, if the drinking age is reduced to 12 years, the profits of United Spirits will be more than enough to cover Kingfisher's losses, paying its dues to lenders and employees.

03:45. Filed under , .

0 comments for "UPA Government plans to lower Drinking Age to 12 to bail out Vijay Mallya from Kingfisher's mess"

Leave a reply