In the previous three days, liquor stores made purchases totaling more than Rs 200 crore by issuing post-dated checks. The government gave liquor store owners permission to do this so they could buy as much alcohol as they could before the election commission put limits in place after announcing the date for the assembly elections. Liquor sellers often buy stocks by submitting challan payments to the TS Beverages Corporation Ltd. There is no credit facility offered.

The government enabled dealers to buy stocks using post-dated checks after they voiced their inability to buy more equities due to a lack of funds. The traders took advantage of this chance and bought the shares worth Rs. 70 crore on each of the three days starting on Tuesday. The state administration expects the ec to publish poll notification for voting in the first week of december in the first week of October.

The ec takes many actions to control the flow of alcohol after the poll timetable is made public. The ec frequently receives information on daily alcohol sales from authorities and compares it to sales on the same day a year ago. It will take many actions to stop the selling of alcohol if it discovers any unusual patterns.

After the ruling party issued various sops, alcohol is still the main source of income for the government, which is severely short on funds. The government gained Rs2,600 crore by charging a non-refundable application fee of Rs2 lakh for submitting each application for a licence, and also accelerated the issuance of liquor licences for a two-year term for opening liquor outlets by three months. Another Rs3,500 crore will be generated by the licence fees.
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Telangana

SIBY JEYYA

01/09/2023 07:35 AM