The excise department has earned Rs 8,000 crore till date and hopes to meet the target by the financial year-end
Telangana's new logo.
Hyderabad: 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 excise department has earned Rs 8,000 crore till date and hopes to meet the target by the financial year-end.
In the meantime, Chief Minister K. Chandrasekhar Rao and finance minister Etela Rajender held discussions with excise officials and discussed the scope to raise an additional Rs 3,000 crore in excise revenues this financial year.
It is learnt that officials gave a positive reply and also prepared a blueprint to reach the new milestone. The blueprint will be presented to the Chief Minister, finance minister and deputy Chief Minister Mohd Mahamood Ali for green signal.
“It’s a fact that there is a proposal to revise excise taxes and take other steps to raise additional revenues. There has been no revision of excise taxes in three years. The government is also under tremendous pressure to meet its huge commitments towards welfare and developmental schemes. Mopping up of all kinds of revenues including excise is the only way out,” a senior official said.
The recent notification for grant of licences to run wine shops for the next two years, meanwhile, has received a huge response.
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( Source : deccan chronicle )
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