There is bad news for the public especially for alcoholics and good deal for the Telngana State government as there might be a hike in liquor prices soon. With huge commitments towards welfare and developmental schemes, the state government is contemplating hiking taxes on liquor and tap other excise sources to mobilize an additional Rs 3,000 crore this financial year. The excise department is working out plans for additional revenue.
After bifurcation, the Telangana state government had set an excise revenue target of Rs 12,200 crore for 2015-16 to meet its huge welfare and developmental activities. The excise department has earned `8,000 crore till date and hopes to meet the target by the financial year-end.
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