How much government earn from liquor in India?
How much government earn from liquor in India?
In the past four years alone, from April 2017 to March 2021, the revenue from liquor almost doubled from Rs 17,320 crore to Rs 30,061 crore. This means each liquor shop on average provides an annual revenue of Rs 1.10 crore to the government.
What is the revenue of Tamilnadu government?
Economy of Tamil Nadu
| Statistics | |
|---|---|
| Public debt | 23\% of GSDP (2019–20 est.) |
| Budget balance | ₹454,176 crore (US$60 billion) (2.56\% of GSDP) (2019–20 est.) |
| Revenues | ₹2.98 lakh crore (US$40 billion) (2020–21 est.) |
| Expenses | ₹3.01 lakh crore (US$40 billion) (2020–21 est.) |
Which state has the highest liquor tax in India?
The northern state of Uttar Pradesh made the highest estimated revenue from excise duty on alcohol at about 315 billion Indian rupees across India in financial year 2020. Karnataka ranked second that year, followed by Maharashtra.
Who opened tasmac in Tamilnadu?
Minister M. G. Ramachandran
TASMAC was established in 1983 by then Chief Minister M. G. Ramachandran. The state has a long history of prohibition, first implemented partially in 1937 by the Indian National Congress government of C. Rajagopalachari. Between 1973 and 2001, it was lifted briefly during 1971–74, 1981–87 and 1990–91.
Who owns liquor factory in Tamilnadu?
TASMAC
| Type | Government-owned corporation |
|---|---|
| Industry | Retail and Wholesale alcohol (IMFL) vending |
| Founded | 1983 |
| Founder | M. G. Ramachandran |
| Headquarters | CMDA Tower-II, IV Floor, Gandhi Irwin Bridge Road, Egmore, Chennai-600008, Tamil Nadu, India |
Is Tamil Nadu’s TASMAC in trouble?
Tamil Nadu State Marketing Corporation (Tasmac), considered a cash cow for the State government year after year through a monopoly over both wholesale purchase and retail sale of liquor, is in trouble as the Income Tax Department has begun demanding that it share the revenue with the Centre.
What is the annual revenue of TASMAC?
Since the take over by the government, TASMAC has seen an annual revenue of growth of around 20 percent every year. The turnover in 1983 (the year of incorporation) was 183 Crore Rupees.
What is Tamil Nadu state Marketing Corporation (TASMAC)?
From Wikipedia, the free encyclopedia The Tamil Nadu State Marketing Corporation (TASMAC) is a company owned by the Government of Tamil Nadu, which has a monopoly over wholesale and retail vending of alcoholic beverages in the Indian state of Tamil Nadu. It controls the Indian Made Foreign Liquor (IMFL) trade in the state.
Are employees of TASMAC considered as government employees?
Employees of TASMAC are not considered as government employees and are not entitled to the benefits and legal rights (like statutory pay, paid holidays and an 8-hour workday) of other employees of the state. The retail outlets do not have individual names. Instead they are named as “TASMAC Shop XXX”, where XXX stands for the outlet number.