AP plans to take over liquor business to fill empty coffers?
news Thursday, February 12, 2015 - 05:30
The News Minute | February 12, 2015 | 6:55 pm IST The Andhra Pradesh government is reportedly planning to take over the liquor business from the next excise year, which begins on July 1 in what seems like a bid to earn more money. The state has 4,371 liquor shops with their licences to expire on June 30. Going the way of the Tamil Nadu government, the state hopes to pocket more profits than it would from the license fee and VAT on the sale of alcohol. Privately owned bars are expected to continue as usual and renew their licenses The state which is cash strapped is doing all it can to refill its coffers for the various development plans that lie ahead. The Centre turning down the state's request for Rs 20,000 crore as financial assistance for the new capital has only added to the woes of the TDP. The AP government had projected Rs 4,026 crore as earnings from liquor in the 2014-15 budget which it hopes to increase by the next excise year. Tweet Follow @thenewsminute
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