Arthalogy

Page Industries Declares ₹250 Dividend Per Share Post Strong Q2 Earnings
Trump Policies Could Challenge Indian Renewable Exporters
Indian Solar Companies Face Potential U.S. Market Hurdles
Fed Lowers Benchmark Rate Amid Economic Uncertainty
Tata Motors Reports 11% Drop in Q2 Profit Amid Weaker JLR, Commercial Vehicle Sales
PhysicsWallah's Revenue Soars 161%, But Losses Widen to Rs 1,130 Crore in FY24
Premji Invest Acquires 1.6% Stake in Wipro for Rs 4,757 Crore Through Block Deal
Ola Electric Narrows Q2 Loss to Rs 495 Crore, Boosted by Higher Sales and Lower Costs
Tata Motors Faces 11% Profit Decline in Q2, Impacted by JLR and CV Sales Weakness
/ india / andhra-pradesh-new-excise-policy-liquor-99

Andhra Pradesh Introduces New Excise Policy: Liquor Prices Slashed, Big Changes Announced

~ By Sujeet Rawat

Sep 19 2024, 05:24 PM

Andhra Pradesh Introduces New Excise Policy: Liquor Prices Slashed, Big Changes Announced
The Andhra Pradesh government has introduced a new excise policy, setting liquor prices at ₹99 for 180 ml, and adopting a private retail system for liquor sales. Major decisions include 33% reservation for backward classes in legislative bodies, establishing an AI university, and renaming Bhogapuram Airport.

The Andhra Pradesh Cabinet has rolled out its latest excise policy, which will come into effect from October 1. This new policy is set to impact the liquor industry significantly, with affordable liquor now priced at ₹99 for 180 ml, making it more accessible to the general population. This change is part of the government’s larger initiative to streamline liquor sales across the state.

Chief Minister N. Chandrababu Naidu, who led the cabinet meeting, approved the adoption of a private retail system for the sale of liquor. Under this system, the allocation of licenses will take place through an online lottery process. This method aims to ensure transparency and fairness, allowing multiple businesses to compete for retail rights.

Additionally, the Information & Public Relations Minister, K. Parthasarathy, revealed that out of the 3,736 retail outlets in Andhra Pradesh, 10% will be reserved for the toddy-tappers community. The state government has also planned to set up premium liquor outlets at 12 strategic locations outside Tirupati to cater to high-end consumers.

In line with the state's focus on making quality alcohol available at reasonable prices, Naidu directed officials to ensure that the liquor provided meets the highest standards. This, combined with the transparent license allotment process, is expected to bring a new level of integrity to the liquor trade in Andhra Pradesh.

In another key decision, the cabinet approved a proposal to grant 33% reservation for backward classes in legislative bodies. This move highlights the state’s commitment to promoting inclusivity and creating opportunities for underrepresented communities in political spheres.

Moreover, the cabinet resolved to establish an Artificial Intelligence (AI) university and a skilling academy, aimed at enhancing educational and employment opportunities in emerging fields like AI and technology. This decision is expected to strengthen the state’s position as a hub for technological innovation and skill development.

In another significant announcement, the state government has approved the renaming of Bhogapuram Airport to Alluri Seetharamaraju International Airport, in honour of the legendary freedom fighter. This renaming reflects the state’s effort to recognize and celebrate its cultural heritage.

Additionally, the vision document titled “Vikasitha Andhra 2047” has been renamed as the “Swarnandhra Vision Document.” This document will outline the state’s strategic goals and will be released on November 1, outlining the development plans for the future of Andhra Pradesh.

ALSO READ| Gold Reaches New High Following First Fed Rate Cut Since 2020

Furthermore, the cabinet has given the green light to the continuation of the existing agency responsible for constructing the diaphragm wall of the Polavaram Project. New works related to the project will be carried out transparently, ensuring accountability in one of the state’s largest ongoing infrastructure projects.

Recent Posts

Who Is Justice Sanjiv Khanna, India's 51st Chief Justice? | Tata Motors Shares Climb Despite Mixed Q2 Results, Brokerages Remain Optimistic | Groww Expands Lead in Stock Brokerage, Adds 3.5 Lakh Users in October | Asian Paints Shares Drop 9% Amid Weak Q2 Results and Analyst Downgrades | Zomato Introduces 'Food Rescue' to Cut Food Waste and Offer Deals on Cancelled Orders | Tata Motors Expects Stronger Q3 Performance Thanks to Festive Season Boost | Tata Motors Sees 11% Drop in Q2 Profit to ₹3,343 Crore Due to JLR and Commercial Vehicle Weakness | Ola Electric Narrows Q2 Loss to ₹495 Crore with Strong Sales Growth and Lower Input Costs | Premji Invest Acquires 1.6% Stake in Wipro for ₹4,757 Crore via Block Deal | PhysicsWallah’s 161% Revenue Boost in FY24 Amidst Growing Losses and $500 Million IPO Plans | Why Donald Trump’s Second Term is Making Him More Powerful Than Ever? | Credit Score in 2025: Simple Steps to Improve Your Credit Score for Better Financial Access | Zinka Logistics (BlackBuck) IPO: Key Details, GMP, and Application Process | Swiggy IPO Allotment Expected on November 11: Step-by-Step Guide to Check Allotment Status Online | Maharashtra Assembly Elections 2024: Amit Shah Unveils BJP's Vision for the State | US Fed Rate Cut: How the Fed’s Latest Rate Cut Impacts the US Economy and Future Expectations? | How to Check Sagility India IPO Allotment Status and What to Expect from the Listing Gain? | Indian Hotels Stock Jumps 4% After Q2 Earnings Surge 232%, Brokerages Cautious | How Trump's Anti-Renewable Energy Policies Could Impact India's Solar Exports by 2025? | Why Elon Musk's Net Worth Surged by $26 Billion After Trump's Election Victory in 2024? |

Top Categories

Tata Motors Shares Climb Despite Mixed Q2 Results, Brokerages Remain Optimistic | Tata Motors Expects Stronger Q3 Performance Thanks to Festive Season Boost | Tata Motors Sees 11% Drop in Q2 Profit to ₹3,343 Crore Due to JLR and Commercial Vehicle Weakness | Ola Electric Narrows Q2 Loss to ₹495 Crore with Strong Sales Growth and Lower Input Costs | Mahindra & Mahindra’s Q2 FY25: Profits Soar on Robust SUV and Auto Sales | Waaree Energies Stock Soars 50% Since Listing, Market Cap Exceeds ₹1 Lakh Crore | Kotak Mahindra Bank Shares Drop 4%: Q2 Results Disappoint Amid RBI Restrictions | Bajaj Auto Q2 FY25 Earnings: Profit Sees 9% Rise, Revenue Increases 22% to ₹13,127 Crore | Himadri Speciality Chemical Q2 FY24: Net Profit Soars 35%, Revenue Grows 13% | OnePlus Set to Roll Out OxygenOS 15 Based on Android 15: What to Expect? | Android 15 Officially Rolling Out: New Features for Google Pixel Devices | Bank of Korea Lowers Key Interest Rate as Housing Market Shows Signs of Slowdown | Hyundai Motor India IPO Opens on October 15: 10 Key Details to Know Before Subscribing | Ola Electric Shares Decline 43% Post-Listing as Market Share Erodes | Motion Sickness Relief: iOS 18’s Vehicle Motion Cues Feature Eases Travel Discomfort | YouTube Expands Shorts to 3 Minutes: New Features and Updates for Creators | Mahindra Thar ROXX Breaks Records with 1.76 Lakh Bookings in 60 Minutes; Deliveries Set for Dussehra | Royal Enfield Sales Surge 11% to Reach 86,978 Units in September | Understanding Israel's Iron Dome: A Revolutionary Defence System Against Rocket Attacks | Ashok Leyland Faces 10% Drop in September 2024 Sales Amid Market Slowdown |



Copyright © 2024 Arthalogy.com. All rights reserved.