Telangana is planning to hike prices of liquor and looking at various other options to raise revenue to fund its welfare schemes. 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 Telangana Excise Department has earned Rs 8,000 crore till date and hopes to meet the target by the financial year-end.
Meanwhile, Chief Minister K. Chandrasekhar Rao and account priest Etela Rajender held talks with extract authorities and examined the extension to raise an extra Rs 3,000 crore in extract incomes this money related year.
It is learnt that authorities gave a positive answer furthermore arranged a plan to achieve the new point of reference. The plan will be introduced to the Chief Minister, account priest and vice president Minister Mohd Mahamood Ali for green sign.
“There is a proposition to update extract duties and find a way to raise extra incomes. There has been no correction of extract expenses in three years. The legislature is likewise under colossal weight to meet its immense duties towards welfare and formative plans. Wiping up of a wide range of incomes including extract is the main way out,” a senior authority said.
The late warning for stipend of licenses to run wine looks for the following two years, in the mean time, has gotten a colossal reaction.