EXCISE POLICY LOSS AMOUNTED TO ₹2,873 CR: ED TELLS CITY COURT

Loopholes in Delhi’s now-scrapped excise policy that was put in place last year led to a loss of ₹2,873 crore, the Enforcement Directorate alleged in a city court on Wednesday. The agency made the claims during a remand application to seek the custody of businessman Amit Arora. The agency cited purported losses on account of surrendered licenses and because vends did not open in certain wards that were classified as non-conforming areas.