News

Monday
November, 11

Telangana sees record number of applicants for new liquor shops, nets Rs 2500 crore as fees

Featured in:


Telangana Government received a record number of over 1.25 lakh applications for new liquor shops and earned about Rs. 2500 crore in the form of fees.  

The response for the new liquor policy is an ‘all time high’ after the formation of the Telangana State, according to officials. For the previous round of licences issued two years ago, about 70,000 applications were received. 

According to the new liquor policy of the State Government, the application process of new liquor shops began on August 4 2023 for a two year period beginning from December 1, 2023. A draw will be conducted to select the successful applicants on August 21. 

Those who get licenses would need to pay the first phase of excise tax on August 21-22. The new shops can be opened from December 1, 2023 and can continue till November 30, 2025 as per the notification. 

Also Read | Telangana CM announces resumption of farm loan waiver disbursals ahead of State Assembly elections 

As per the new liquor policy announced by the State Government, the license fee per annum per shop is in the range of Rs 50 lakh to Rs 1.1 crore per annum depending on the population of the area. Licences will be issued to 2,620 outlets across the state out of which 786 are reserved for disadvantageous sections. In the State capital, there are 615 outlets. 

The margin for the liquor traders has been fixed at 27 per cent for ordinary category and 20 per cent for premium category and beer. 

Though the validity of the current licenses is till November 30, 2023, the tender process has commenced early in August itself in view of the state assembly elections slated at the end of this year. 





Source link

Find us on

Latest articles

- Advertisement - spot_imgspot_img

Related articles

ELITE Welcomes 19 New Firms Bringing the Total to...

ELITE Welcomes 19 New Firms Bringing the Total to 2,400 Companies 19 new companies from 10 Italian...

The International Solar Alliance Hosts the Seventh Session of...

The International Solar Alliance Hosts the Seventh Session of its Annual Assembly with Representatives from 103 Member...

The International Solar Alliance Hosts the Seventh Session of...

The International Solar Alliance Hosts the Seventh Session of its Annual Assembly with Representatives from 103 Member...

A Strong Presence of the German Economy in the...

A Strong Presence of the German Economy in the Entire Asia-Pacific Region is a Decisive Factor for...

THE EU NEEDS AN AMBITIOUS INVESTMENT PLAN

THE EU NEEDS AN AMBITIOUS INVESTMENT PLAN Dear Executive Vice-Presidents and Commissioner-designates, We, representing 46 businesses, civil society organizations,...

Kids India 2024 Draws Industry Leaders and Over 5000...

Kids India 2024 Draws Industry Leaders and Over 5000 Visitors in Mumbai Supported by The All India Toy...