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Telangana hikes liquor prices by 20-25%
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SME Times News Bureau | 19 May, 2022
The Telangana government has increased the liquor prices by 20 to 25 per cent to mop up revenues.
Prices
of all brands of liquor were hiked and this is expected to help the
government generate additional revenues of Rs 6,000 crore to Rs 7,000
crore annually.
The state had earned Rs 30,000 crore from liquor sales in 2021-22 with the tax income reported at Rs 12,000 crore
The authorities have increased the price of 1,000 ml liquor by Rs 120. The price has gone up to Rs 615 from Rs 495 earlier.
The price of a quarter bottle has been hiked by Rs 20. On all types of beer, there was a minimum hike of Rs 10 per bottle.
The
new prices will come into effect from Thursday. The excise officials
checked the liquor stocks at wine shops, bars and pubs on Wednesday
night after the day's sales came to an end. The available stocks will be
sold at new rates from Thursday.
The liquor prices have been
hiked for the first time since liquor policy 2021-23 came into effect.
Liquor prices were last hiked in the state in May 2020 soon after the
first phase of Covid-19 lockdown.
This has come at a time when
the state is facing a fund crunch to continue its welfare schemes as the
Centre has tightened norms on loans and market borrowings.
This
is the latest in a series of measures taken by the state government to
mop its revenues. It recently hiked market value of lands, property
registration charges, bus fares and electricity charges.
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