BevQ. liquor sale during lockdown, Himachal sees He said the corporation expects over Rs 600 crore sales during the upcoming Christmas holiday season for ten days starting from December 21. The states economy depends largely on tourism. }); Jan 12, 2023 The incumbent government has opened as many as 182 new bars in the past 4.5 years, taking the total number of bars in the state to 619. Jackpot's own country Explore kerala liquor revenue profile at Times of India for photos, videos and latest news of kerala liquor revenue. Serpentine queues of customers jostling to buy liquor are a familiar sight in the state, where the Kerala State Beverages (Manufacturing & Marketing) Corporation (Bevco) holds the monopoly in liquor sales with 265 outlets. if(timer1 != false) Can Satya Nadella sell an IPL clone in America? }); Nov 26, 2022 Liquor sales worth 117 crore were reported across Kerala a day before Thiruonam among the most important days of the 10-day Onam festival period according to data from the government-owned state beverages corporation Bevco. { As per the 2010 census, 40 lakh people in Kerala consumed alcohol. Kerala sells liquor worth Rs 18,500 cr in FY 2022-23; most takers The sharp decline in demand is largely attributed to various factors including the Covid-19 pandemic. Mar 31, 2023 Anand #IndianFromSouth on Twitter: " Drop in Liquor Sales Notified in May, the new excise policy also opens the doors for customers to shop for According to last years national family health survey (NFHS) at least 18.7% of men in rural areas and 21% in urban areas consume liquor. According to Fridays Bevco data, the week leading up to Onam saw a record alcohol sale of 624 crore, up from the last years 529 crore. | English News, Watch: 'I'm Very Touched', Women Turns Emotional During PM Modi's Speech In France | Times Now, PM Modi's France Visit Updates: PM's Mega 'Invest In India' Push | Latest News, Chandranyaan,Tamil To India-France Partnership Listen What PM Modi Address To Indian Diaspora, 'India Is Working To Become A Developed Nation In Next 25 Years', PM Modi Speech In France, New Consulate In Marseille, UPI In France: Key Takeaways From PM Modi's Address To Indian Diaspora, PM Modi Calls Amit Shah, Delhi L-G From France To Check On Yamuna Flood Situation In Delhi, 'Wherever We Go, We Form A Mini India': PM Modi's Top Quotes, Garmin Approach S70: A New Smartwatch for Golfers in India with Advanced Features, Debutant Yashasvi Jaiswal Hugs Captain Rohit Sharma, Celebrates His Maiden Test Century Passionately - Watch, Dont venture out of hostels, residences: Indian embassy in Ukraine to its nationals as Russia invades, MEA sets up control room to assist Indians in Ukraine; helpline numbers issued, Fadnavis attacks MVA govt, demands Nawab Malik's resignation, Akhilesh Yadav insulted Lord Buddha, SP chief not serious about Dalit sentiments, alleges Kiren Rijiju, Drunk JD(U) leader roams around naked in Bihars Nalanda; arrested. of arrack is prohibited in the State w.e.f. Kerala stands to lose revenue from alcohol sales, but it may also suffer where tourism is concerned. By this, it has usurped the role of bootlegger by devising newer ways to raise taxes on alcohol, and augment the largest and perennial tax base. //console.log(timer1); Also find news, photos and videos on Kerala Liquor Revenue Edition Kerala shamelessly after liquor and lottery: Who's right Guv or Liquor sales fell by 4.91 crore litres during the period. This figure illustrates the path of Vasco da Gama heading for the first time to India (black line) The western spice-trade, especially in pepper, became increasingly lucrative. Ar The total income from liquor sales in Kerala during this period was Rs 18,500 crore, with Rs 2,400 crore being paid to liquor manufacturers as dividend for the Kerala State Beverages Corporation (BEVCO), which has a monopoly over liquor distribution in the state. The average per capita consumption stands at 2.6 L in 2020. Drop in Liquor Sales Prompts Action by Kerala Government: Show Cause Notices Sent Did you know that the main revenue sources of the Kerala government are liquor and lottery? Kerala Police However, this rush is fast petering out. Unlike several other states, manufacturers in Kerala face problems like turnover tax and delay in payment. This is more than double last year's revenue of Rs 124 crore. Revenue from liquor sales Dr Philip said he knew daily wagers who purchased five to 10 tickets at one go. Kerala var timer1 = show_time_difdate('1669478771463'); Till 2019-20, the last year for which we have official figures of the sales tax collected from alcohol, the combined revenue from the sale of liquor and lottery constituted 36.05 percent of the state's own revenue, which was Rs 62,588.22 crore in 2019-20. Liquor outlets. The 64-day wait of booze lovers in Kerala for the reopening of liquor outlets in the state came to an end on Thursday, though many of them were not.bevQ. Alcohol Kerala Kerala consumed liquor worth Rs 138 crore to celebrate Christmas Kerala } Taxes on alcohol are quite steep in the state A bottle of rum produced at a cost of 100-150 is sold at Bevco outlets for 600-800. While Bevco sold liquor worth Rs 65 crore, Consumerfed posted a sale of Rs 11.5 crore. Representative image | Photo: Mathrubhumi Archives. It is basically to cover the increase in taxes on our purchase prices which have gone up, pointed out Yogesh Gupta, Bevco CMD. With over Rs 16,000 cr loss BEVCO joins league of KSRTC, KSEB $(".daysago31978202348").addClass("mpp-red"); First IIT outside India will be in Tanzania: MEA, Ajit had moved EC for NCP name, symbol 2 days before joining govt, NDA to meet on July 18; Ajit Pawar's NCP, Eknath Shinde's Sena likely to attend, Pak's participation in ODI WC hinges on Bilawal panel's advice, Q&A: Before your kids step into the pool, Why toppers make a beeline for comp science at IITB, Live: Red alert in HP; 2 killed in U'khand as rain fury grips North India, Out on bail, Pak woman says adopted Hinduism, changed kids' names. In September, the Kerala Governor and state Chief Minister Pinarayi Vijayan had traded barbs with the former hitting out at the ruling LDF over the state's revenue generation being largely dependent on lottery and liquor sales. On Christmas Eve, liquor worth Rs 76.5 crore was sold through the government outlets. This hike is mooted for one or two years until the government pulls out of the financial crisis. $(".daysago31978165264").html(timer1); The person posting the comment will be in sole ownership of its responsibility. } The corporation saw its revenue increase to Rs 14,710 crore in 2019-20 from Rs 11,580 crore four years prior. Explore Kerala Liquor Revenue profile at Times of India for photos, videos and latest news of Kerala Liquor Revenue. Liquor The craze for lotteries, especially among the poor, soars, said Dr Roy Philip, a psychiatrist in a private hospital. 20950 crore in 2019-20. 2. In fact, a mere 4,200 cases of wine were sold the entire financial year. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities. } Kerala Revenue records of recent years released by Bevco show a jump of about 100 crore during the 10-day festival. Check out for the latest news on kerala liquor revenue along with kerala liquor revenue live news at Times of India In 2018-19, the revenue from liquor was 14,504 crore INR. or medium without express writtern permission of moneycontrol.com is prohibited. As much as 52 days of liquor sales were lost in the current financial year due to Covid-19 lockdown. Serious Ethical Concerns Emerge As Kerala From a record Rs 14,508 crore in 2018-19, liquor revenue fell by about 14 percent in the subsequent year to Rs 12,298 crore. Go live with Manorama Online App, the number one Malayalam News site on our mobiles and tablets. Kerala What a shame! he said. Yet, there is merit in the argument that Kerala is doing all it can to maximise revenue from these two sources. in Kerala So a 750 ml bottle of Bacardi Classic Super Rum, which the Beverages Corporation purchases for Rs 167.36, is sold at Rs 1240, or an Officer's Choice Rum, purchased at Rs 61.03 a bottle, is sold at Rs 650. Thiruvananthapuram: The state government which is facing a huge financial crunch with the public debt mounting has decided to capitalize the monetary deficit from the duty that is imposed on liquor and thus rely heavily on tipplers to shoulder the revenue bills of the government. It is estimated that BevCo has lost an average revenue of Rs 300 crore due to this. With the rise in sales in September, the excise department is hoping to rake in Rs 40,000 crore revenue this fiscal year. While 65 per cent depended on bars and beverage outlets, 30 per cent drank at home. The state's own tax revenue (SOTR) for a year has been estimated at Rs 40,000 crore. Invest as low as 10,000 and earn better returns than FD, Find safe & high-yielding bonds for your buck. Kerala Tax dept still sitting on license fee hike proposal, Kerala's liquor Kerala Liquor Revenue When the sales tax was increased by 35 per cent in May, the price rose by 11 per cent. One reason being talked about is that over the past two months there has been a rise in the number of mini breweries at homes many under the supervision of the women at home who detest the idea of their men splurging hard-earned money at BEVCO outlets. kerala liquor It is expected that the sales will exceed Rs 35,000 crore by December. Keralites gulped liquor worth Rs $(document).ready(function() { There have been several instances where BEVCO outlets have witnessed police highhandedness. The country is also home to six crore alcohol addicts. Only the State-run Mar 31, 2023 With over Rs 1,600 cr loss BEVCO joins league of KSRTC, KSEB. Liquor sales through BEVCO plummet by 33pc in last 10 years Excise Department. Lottery and alcohol are our main sources of income. A spokesman of the corporation said the total revenue from the ten-day festival season is expected to cross 700 crore but added that definitive data will emerge only after September 11. 6,000 Amarnath Yatra pilgrims stranded at Ramban in bad weather, Instagram Threads debuts, OnePlus launches new phones, Samsung unveils Galaxy M34 and other top tech news of the week, Navy zeroes in on naval Rafale for aircraft carrier, Terms of Use and Grievance Redressal Policy. However, wine sales went down despite a reduction in sales tax by the government from 112 to 86 percent. kerala liquor Blogs, Comments and Archive News on Economictimes.com Despite around 200 per cent tax on liquor, Kerala tops the country in its consumption of alcohol. 120 7.2 Liquor vis--vis State Own Tax Revenue 121 7.3 Turnover and Tax of Liquor in Kerala 122 7.4 Liquor Sales in Kerala - Quantity 123 7.5 Average Sales in Quantity November 2019 to January 2020 123 7.6 Excise Duty and Sales Taxes on Liquor 124 $(document).ready(function() { While Tamil Nadu and Kerala top the list in revenue percentage terms at 15 per cent each, for Kerala the tax on liquor is its single largest revenue source. There are even European countries, like Sweden, where the government controls the liquor (the supermarkets also sell alcoholic beverages if they have < 3.5% alcohol content). liquor in kerala Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Kerala's FY 2022-23 liquor sales hit Rs 18,500 cr; rum remains top 13000 crore from the liquor sales in 2019-20. Online liquor sales set to catch up in Kerala as Consumerfed too The response from a good number of the 867 new retail outlets, 576 bar-attached hotels and 291 beer parlours, has been lukewarm, given the low sales figures and 10 percent margin charged by the State-owned Kerala State Beverages Corporation. if(timer1 != false) Explore Kerala-Liquor-Revenue profile at Times of India for photos, videos and latest news of Kerala-Liquor-Revenue. According to state data, in the last few years Kerala In 2016-17, it was 34.46 percent. Global sales volume of high-end Chinese baijiu 2015/2020; Alcoholic beverage market size in India FY 2015-2025; Annual revenue of liquor retail Australia 2013-2022 This year the government had earned Rs 270 crore, excluding the prize money and GST, from the Onam bumper alone. Though the liquor tax was increased by 45 per cent in 2020 and 2021, the revenue dropped drastically in 2021. This includes some essential cookies. Thirty-seven per cent of the males in the 15 to 49 age bracket consume liquor, according to the National Family Health Survey (NFHS). Jawan Special XXX Rum. The thinking is that even if you spent Rs 1000 for a clutch of tickets, there is a high chance that you could win lakhs or crores. Apart from the pandemic and subsequent financial crisis, there are other factors that have contributed to the decline in liquor sales. Truth is, even the government knows that high taxation will not impact liquor sales in Kerala. The BEVCO used to charge a very nominal commission from 15 companies, which used to hold sway in the supply of liquor in Kerala. The comments posted here/below/in the given space are not on behalf of Onmanorama. The combined revenue from the sale of liquor and lottery constitutes around 36% of the state's own revenue (Another significant revenue source is income We at moneycontrol use cookies and other tracking technologies to assist you with navigation and determine your location. Going by the average sale for the last six months, the total sale till now comes to around Rs 45,000 crore. Maharashtra is the third position by collection Rs. COVID-19: Kerala's liquor shops open for revenue? Provisional figures with Bevco for 2020-21 show a 10 percent drop in Kerala'siquor revenue, at Rs 13,212 crore. 6. If a membership fee, from Rs 100 to Rs 500, is levied from them, Rs 1,872 crore would reach the treasury. Liquor makers had demanded an 11.6 per cent increase as the price of spirit has shot up. Take agricultural workers or construction workers or loading and unloading workers who engage in hard physical labour. In Kerala, where 22 per cent of the total government revenue came from the bottle, the total excise and commercial tax revenue from alcohol (IMFL and toddy) was close to Rs 8,000 crore. When the government resumed retail liquor sales on June 17, Bevco hiked the wholesale profit margin on liquor sold from their warehouses to bar-attached hotels from 8 percent to 25 percent, and 20 per cent to state-owned Kerala State Consumers Federation Ltd (Consumerfed), which runs 39 outlets. English. Thiruvananthapuram: Kerala has set another record in liquor sales. Liquor sale in Kerala Blogs, Comments and Archive News on Economictimes.com However, if the state's own revenue alone was considered, the picture would be different. Samsung Galaxy M34 5G launched: Order now! WebMinting money: States earned Rs 1.75 trillion from sale of alcohol in FY20. 60,840. About 60 percent of the SOTR is constituted by Value Added Tax collected from the sale of goods and the remaining 40 percent from sale of liquor, petrol and diesel as Kerala Government Sales Tax. liquor in kerala Blogs, Comments and Archive News on Economictimes.com For reprint rights: Times Syndication Service, Kerala: Revenue from liquor set to hit all-time high this financial year, PM Modi News Live Updates: Narendra Modi to visit Telangana and Rajasthan today, West Bengal Panchayat Election Voting Live: Polling under way, Live: I'm NCP chief, asserts Sharad Pawar as his faction expels Praful Patel, Sunil Tatkare & SR Kohli, Rumours of SFJ founder's 'death' go viral, refuted, Traffic jams, waterlogging across Delhi after heavy rain; Met predicts more showers, Shaping future fintech titans with this course from IIM Calcutta. While addressing the state assembly, Ramakrishnan said that an increased revenue of Rs 671 crore was recorded from liquor sales in 2017-18 when compared to the previous financial year, Between 2016 and 2021, about 42,23,86,768.35 litres of beer was consumed and about 55,57,065.53 litres of wine. Webindependent shop system, the privilege of sale of liquor in specified shops is sold by the Government. Alcohol and Liquor in Kerala-Tips for Tourists This has led to the current state where the frenetic activity expected is missing. So when people from lower middle-class families, auto drivers and truck drivers, are seen winning the jackpot, luck feels tantalisingly close. The alcohol market in India is divided into different segments such as country liquor, Indian Made Foreign Liquor (IMFL), beer, and imported liquor. Liquor Price To Go Up In Kerala. This is the reason states have always wanted liquor kept out of the purview of GST. liquor worth Rs 76.5 cr on Christmas Eve Liquor sales in Kerala is on the increase with Rs 433.90 crore collected as revenue. Conversely, wine sales decreased despite a reduction in sales tax by the government from 112 to 86 percent. //console.log(timer1); Either the average Keralite with a huge yen for drinking has lost that urge or is happy elsewhere. Liquor sales, too, hit a new record this Onam season. Another factor is the stigma from the morality brigade striding social and political platforms, and, of course, faith groups. We have the turnover tax and other costs like labour and transport to bear on top of this, said Joe Pradeep, director, Yuvarani Residency, Kochi. Copyright 2023 Onmanorama. Please select (*) all mandatory conditions to continue. When the government resumed retail liquor sales on June 17, Bevco hiked the wholesale profit margin on liquor sold from their warehouses to bar-attached hotels from 8 The State heavily depends on them to generate revenue, but will treat them with disdain. Also find news, photos and videos on liquor sales in Kerala. Merging turnover tax into sales tax can bring much relief, said K R Vijayakumar, Kerala Bottlers Federation president. Economists have argued that such excessive taxation hurts the poor. }); Feb 7, 2023 There has also been a steep decline in the sale of lower-priced Indian Made Foreign Liquor in Kerala, while sales of premium brands have increased considerably. Last year, the sales during the corresponding period through the BEVCO outlets Keralas FY 2022-23 liquor sales hit Rs 18,500 cr; rum remains top choice, Oppo launches Enco Air 3 Pro earbuds in India: Price, specifications, Equal prize money for men and women at global events: ICC announces historic decision, Vineeth Sreenivasan to direct Pranav Mohanlal again, Heavy rains: ASI announces Red fort to remain closed for visitors till July 14, Study says Google AI health chatbot can crack US medical exam, Places on her body you should never touch during sex, Know all about alcohol withdrawal and its symptoms. revenue $(".daysago31978081559").html(timer1); $(".daysago31978387644").addClass("mpp-red"); New Delhi: Reducing the prices of alcohol, boosting revenue and ending monopolies these are some of the stated objectives of Punjabs new excise policy, which is being touted as a win-win situation for liquor consumers, industry and the state government. Kerala-Liquor-Revenue News: Latest and Breaking News on Kerala-Liquor-Revenue. as officials waive sales commission Covid and lockdowns chill liquor sales in Kerala alcohol Similarly, the Congress, which has fought one too many assembly elections on the promise of banning the sale of alcohol, does not have such delusions in Punjab, where it is in power.