The Telangana authorities has elevated the liquor prices by 20 to 25 per cent to mop up revenues.
Prices of all manufacturers of liquor have been hiked and that is anticipated to assist the federal government generate further revenues of Rs 6,000 crore to Rs 7,000 crore yearly.
The state had earned Rs 30,000 crore from liquor gross sales in 2021-22 with the tax revenue reported at Rs 12,000 crore
The authorities have elevated the worth of 1,000 ml liquor by Rs 120. The value has gone up to Rs 615 from Rs 495 earlier.
The value of 1 / 4 bottle has been hiked by Rs 20. On all varieties of beer, there was a minimal hike of Rs 10 per bottle.
The new prices will come into impact from Thursday. The excise officers checked the liquor shares at wine retailers, bars and pubs on Wednesday night time after the day’s gross sales got here to an finish. The out there shares might be offered at new charges from Thursday.
The liquor prices have been hiked for the primary time since liquor coverage 2021-23 got here into impact. Liquor prices have been final hiked within the state in May 2020 quickly after the primary section of Covid-19 lockdown.
This has come at a time when the state is dealing with a fund crunch to proceed its welfare schemes because the Centre has tightened norms on loans and market borrowings.
This is the newest in a sequence of measures taken by the state authorities to mop its revenues. It lately hiked market worth of lands, property registration costs, bus fares and electrical energy costs.
(Only the headline and movie of this report could have been reworked by the Business Standard workers; the remainder of the content material is auto-generated from a syndicated feed.)
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