Andhra Pradesh issues new bar licences, earns ₹597 crore

BL Hyderabad Bureau Updated - August 02, 2022 at 08:00 PM.
The State exchequer has earned an additional income of ₹308 crore in the current round of auctions. | Photo Credit: GIRI KVS

The Andhra Pradesh government has issued new bar licences with a validity till August 2025. 

After an auction of 838 new bar licences with a three-year validity, the State Excise department has issued licences to 815 new bars across the State for a total amount of ₹597 crore. 

The issue of new bar licences has attracted wide-spread criticism from the opposition parties as it goes against the election manifesto of the ruling YSRC Party, which promised the complete phase-out of liquor sales in the State except in star hotels. 

The grant of licences for a three-year period has also come under a scanner as the term of the present government ends in May, 2024.

The State exchequer has earned an additional income of ₹308 crore in the current round of auctions compared to the previous one. The income from the auction of bar licences for the state government was ₹289 crore in 2021-22 while it was at ₹262 crore in 2020-21, as per government data. 

Published on August 2, 2022 13:24

This is a Premium article available exclusively to our subscribers.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.

Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

You have reached your free article limit.
Subscribe now to and get well-researched and unbiased insights on the Stock market, Economy, Commodities and more...

TheHindu Businessline operates by its editorial values to provide you quality journalism.

This is your last free article.