A deepening payment paralysis in Telangana's liquor industry is beginning to choke manufacturing units and strain supplies, employment, and the broader investment landscape, industry bodies have warned, as unpaid dues accumulate to levels they describe as "unprecedented" and "severe".
The Kerala State Beverages Corporation (KSBC) reported significant liquor sales during the Onam festive season, with a notable increase compared to the previous year.
A chargesheet filed by Andhra Pradesh police alleges former Chief Minister YS Jagan Mohan Reddy chaired a meeting related to a new liquor policy under which outlets would be run by a government entity. The chargesheet details alleged kickbacks and money laundering.
A chargesheet filed by Andhra Pradesh police in connection with the Rs 3,500 crore alleged liquor scam mentions former chief minister YS Jagan Mohan Reddy as one of the recipients of kickbacks. The chargesheet alleges a complex scheme involving shell companies, policy manipulation, and extortion to generate funds that were ultimately routed to Jagan Mohan Reddy.
Over the 12-day festival period, Rs 818.21 crore worth of liquor was sold, surpassing last year's figures of Rs 809.25 crore during the same period, according to officials here on Wednesday.
The Kerala police on Thursday launched an investigation into an alleged social media campaign against Chief Minister Pinarayi Vijayan's Facebook post requesting help for the people affected by the landslides in Wayanad district. The campaign was aimed at motivating people to reject the CM's appeal for disaster relief, it said.
Kerala is likely to witness all-time high liquor sales this Onam, the harvest festival, with the season already reporting a 30 per cent hike. According to the Kerala State Beverages Corporation (BevCo), the first few days of this Onam season have set the tone for record sales. "During last year's Onam season, our sales were around Rs 561 crore. This year, we expect it to be over Rs 700 crore," said Yogesh Gupta, chairman and managing director, BevCo.
The Beverages Corporation outlet in Chalakkudi in Thrissur district had record sale as usual with the figure touching Rs 22 lakh on Monday alone. The second most revenue-earning outlet was Karunagapally in Kollam district, which sold liquor worth Rs 20.37 lakh.
On September 10, 'Uttradam', a day ahead of the harvest festival Onam when the outlets are shut, liqour worth Rs 90.32 crore was sold.
The ruling Congress-led United Democratic Front in Kerala has decided to shut down over 700 liquor bars attached to hotels below the five-star categories and make Sundays "dry days".
The $50-bn foods major will ride piggyback on Cadbury's strong brand equity.
'These reports of cases being very low in other states, is it true? Are the numbers believable?'
Apart from Sundays, the first day of each month will be a dry day and holidays like Gandhi Jayanti and Sree Narayana Guru Jayanti are also termed as dry days.
Firming up plans to drastically reduce availability of liquor, the Congress-led United Democratic Front government on Tuesday decided to issue notices to hoteliers below the five-star category to shut their bars by September 12.
Bihar chief minister Nitish Kumar on Thursday reiterated that his government is committed to enforce liquor ban or prohibition in the state. M I Khan/ Rediff.com report from Patna.
Life Insurance Corporation of India has over Rs 7,000 crore in tax demand pending against it, the biggest across various categories.
Through the past decade, Bihar's revenue from liquor has quadrupled
Earlier, The Nitish Kumar government had banned sale and consumption of country and spiced liquor in rural areas from April 1 this year, but had allowed sale of foreign liquor in towns and cities.
While the state's decision to take the road to Prohibition has been given a communal twist, there are several political imperatives of the move
Several states that imposed prohibition in the past lifted it once revenue loss began to pinch
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