STOCK MARKET BSE NSE

Liquor prices likely to go up

Published: 07th October 2012 09:13 AM  |   Last Updated: 07th October 2012 09:13 AM   |  A+A-

800px-Flaming_cocktails

Revenue receipts of the state government fell by close to two per cent this month due to a drop in industrial production for want of energy and drought conditions in the state.

Since the receipts have not been up to the projected target, government is mulling to mop up revenue by increasing the liquor sale price by about 10 per cent. “The revenue was less than expected in September,” said finance minister Anam Ramanarayana Reddy.

The financial situation for the first half of the year was reviewed by the chief minister on Saturday. During the meeting, option of increasing liquor sale prices was discussed. The Distilleries and AP Beverages Corporation had wanted the government to increase the sale price by 15 per cent.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp