Now, beer to be sold at over 3K country liquor shops in UP
1
2
3
Lucknow: Providing more options to consumers and creating additional revenue streams, sale of beer cans and bottles will be allowed through 3,138 additional country liquor vends across Uttar Pradesh.
Under the new excise policy, which came into effect on April 1, the excise department has allowed
country liquor shops
to be upgraded to add a counter for sale of beers as long as no composite shop is present within 3km distance. The move is expected to generate Rs 150 crore just through licence fees.
The department has started the process of upgrading 3,138 shops that would cater to brew lovers in addition to 9,362 composite shops.
Permission is being granted after carrying out local surveys. This is to provide a strong catchment area for the composite shop owners who pay higher licence fees to the govt.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Freelancers & marketers who want to offer PPC services
Digiwebengineers
Contact Us
Undo
Stakeholders said multiple factors are leading to the increased demand for brew, with shortened winter spells being the primary one. Compared to the 2019-20 financial year, when 35.15 crore units (each unit being 650 ml) were sold in Uttar Pradesh, the demand increased to 53.6 crore units during the 2023-24 financial year, an increase of 53%.
"Over the past few years, the temperatures have gone up in the state. Also, the urban heat island effect is being experienced, and the younger population prefers beer. You do not require glasses or water to consume it, and cans can be disposed of easily after consumption," said Devesh Jaiswal, co-owner of a composite shop in Talkatora locality.
Excise commissioner Adarsh Singh said from 9,362 retail vends, the overall number is expected to go up to 12,518.
"Apart from generating additional revenue through the licence fees, year-long sale of beer would provide a substantial amount of excise duty to the department. A survey of country liquor shops is being carried out to check whether adequate space is available on the premises and to ensure no other composite vend is operational within a 3-km distance," said Singh.
Chasing a target of Rs 63,000 crore for the 2025-26 financial year, the department is expecting to mop up close to Rs 150 crore through additional licence fees and Rs 1,000 crore to Rs 1,500 crore as duty over the brew sold through the increased number of vends. Breaking past records, the department made Rs 52,575 crore in the 2024-25 financial year and needs to increase its collection by an additional Rs 10,425 crore to achieve the target set forth by the state govt.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
25 minutes ago
- Economic Times
How fake meat export deal cost Delhi NRI more than $81,000, and the suspect vanished without a trace
A Delhi businessman has been allegedly defrauded of Rs 1.3 crore by an individual posing as a successful meat exporter. The suspect, after gaining trust through fabricated documents, convinced the victim to invest heavily, promising high returns. The suspect later disappeared, prompting a police investigation into the elaborate scheme. The crime branch is currently investigating the case. Tired of too many ads? Remove Ads How it began Investment and false promises Suspect goes missing Tired of too many ads? Remove Ads Police action A businessman from East Delhi has alleged that he was cheated out of Rs 1.3 crore by a man who pretended to be a successful meat exporter. The Delhi Police crime branch has now launched an investigation into the complainant, a Non-Resident Indian ( NRI ) currently living in east Delhi, told police he met the suspect in June 2023 through a mutual friend. The man claimed to be running a profitable meat export business and showed fake documents to support his claims. Convinced by the fake paperwork, the businessman agreed to support the venture.A few weeks later, the suspect convinced the complainant to invest money, promising high returns by January 2025. Trusting him, the businessman invested large sums, including his father's life savings. The payments, totalling Rs 67.7 lakh, were made via cheques to an account belonging to someone introduced as the suspect's business October and November 2024, the suspect claimed he needed an additional $80,000 (around Rs 69.3 lakh) to handle a shipment issue in Dubai. This money was arranged through the help of a friend in the UAE and handed over to one of the suspect's contacts January 2025, a WhatsApp chat showed the suspect admitting to owing money. But when the complainant began asking for repayment, the suspect avoided contact. He eventually switched off his phone, changed his number, and even vacated the place where he had been living with the the businessman contacted the so-called manager, he was shocked to learn that the person was not part of any business partnership. He revealed that the suspect had asked him to transfer all the funds to his personal account, and the money was never used for any export on the complaint and initial findings, police found enough evidence to file a formal case of cheating. A detailed investigation is now from agencies
Time of India
28 minutes ago
- Time of India
Lenskart becomes public limited company in preparation for IPO
Omnichannel eyewear brand Lenskart has converted itself into a public company as it prepares for a public listing, changing its registered name from Lenskart Solutions Private Limited to Lenskart Solutions Limited through a special resolution passed by its shareholders. This comes at a time when Lenskart is considering raising a $1 billion public offering at a potential $10 billion valuation, double that of its last funding round. The transition to a public company is a necessary step before filing its IPO papers. The Gurugram-based company closed a $200 million secondary round in June last year at a $5 billion valuation, with investments from Singapore's sovereign fund Temasek and US financial services giant Fidelity. In July 2024, Lenskart founders Peyush Bansal, Neha Bansal, Amit Choudhary, and Sumeet Kapahi had invested almost $20 million in the company. On February 17, ET reported that the company has set its sights on filing draft papers in May, contingent on market conditions. However, the omnichannel eyewear retailer is yet to file its draft papers. Lenskart, which won the ET Startup Awards last year, has hit an annual revenue run rate of $1 billion (Rs 8,400 crore). The company produces 25 million frames and 30–40 million lenses annually and operates over 2,500 stores across India and Southeast Asia, maintaining a strong online presence. Lenskart's conversion into a public company was first reported by the news website Entrackr. With this, the SoftBank-backed company joins startups like Shiprocket, Zetwerk, PhysicsWallah , Boat, Bluestone, and others that are preparing for IPOs. Since its inception, Lenskart has closed nearly $2 billion in funding, including secondary sales. In FY24, Lenskart's net loss shrank to Rs 10 crore from Rs 64 crore in FY23, which the company attributed to technology-driven operational efficiencies. Operating revenue rose 43% to Rs 5,428 crore, while earnings before interest, taxes, depreciation, and amortisation (Ebitda) more than doubled to Rs 856 crore. It is yet to file financial statements for 2024-25 with the Registrar of Companies (RoC).
Time of India
28 minutes ago
- Time of India
Rapido cuts food delivery charges by half to counter Zomato, Swiggy
Ride-hailing app Rapido has finalised online food delivery partnership costs and terms with restaurants at nearly half the commissions from entrenched rivals Swiggy and Zomato , challenging the duopoly, people directly aware of the developments said. According to the agreed terms with industry body National Restaurants Association of India (NRAI), Rapido is expected to charge commissions in the range of 8-15% from restaurants, compared to 16-30% Zomato and Swiggy charge, the executives said. The partnership terms state Rapido will charge a fixed fee of Rs 25 on orders below Rs 400 and Rs 50 on orders over Rs 400, the people quoted earlier said. This translates to a range of 8-15% commissions from restaurants, compared to 16-30% charged by Zomato and Swiggy. Consumers will be able to place orders on the Rapido app where restaurants will be listed. "This will specially help small restaurants ," one of the executives mentioned above said. The pilot is expected to go live in June-end or first week of July, starting with Bengaluru . "We've been in discussion with Rapido over the last few months just the way we are working closely with ONDC. We are discussing a structure which is economically and democratically much more viable for restaurants to sustain," NRAI president Sagar Daryani said. He declined to comment on specific partner terms. "It's also very important for us to know our customers and the same has been candidly communicated to them," Daryani added. Allegations of data masking have been a core point of disagreement between restaurants and the large platforms. An email seeking comments from Rapido remained unanswered. The ride-hailing unicorn's bike-taxi riders currently have a select 'idle-time' arrangement with Swiggy to deliver food in select cities, but the arrangement is non-exclusive. The NRAI, which represents over 500,000 restaurants, had initiated a similar partnership with the government-backed ONDC in January, but the terms are still being ironed out amid slower traction. Recent months have seen multiple small restaurant owners calling out what they alleged are "steep charges" levied by Zomato and Swiggy. "Zomato is becoming unsustainable for small restaurant owners like us," Vandit Malik, founder, The Garlic Bread, wrote on Linkedin three weeks back. "To even be visible on the platform, I'm forced to spend Rs 30+ per order on ads. What's left? Pennies. Sometimes, not even that," he alleged. The owners of another NCR-based small restaurant, Saffroma, wrote on X last week, which went viral, that it was quitting Zomato alleging "zero payouts, mystery service charges and advertisements initiated without approval." The post has since been deleted.
