report in Daily FT, Jan 4, 2023Prices of alcohol and cigarettes have been increased following upward revision in Excise duties as the Government scrambles to boost State revenue. Excise duty on all varieties of liquor, wines, beer etc. was increased by 20% and duty on cigarettes increased by 20%, State Minister of Finance Ranjith Siyambalapitiya said in a Twitter message. Due to the 20% increase of excise duty on liquor, the prices of a bottle…