Tipplers in Kerala guzzled liquor worth a record Rs 487 crore sold through state-run outlets during the just-concluded week-long "Onam" festivities.
Tipplers in Kerala guzzled liquor worth a record Rs 487 crore sold through state-run outlets during the just-concluded week-long Onam festivities.
Recommended ArticlesView All
Biggest casualty of ending LTCG regime is not debt funds but the debt market
Mar 25, 2023 IST6 Min(s) Read
US Fed rate hike — willing to hit but afraid to wound
Mar 25, 2023 IST4 Min(s) Read
Withering Weather: Experts see erratic rains to spell higher food prices and tougher inflation ahead
Mar 24, 2023 IST4 Min(s) Read
Decoding Finance Bill proposals for debt funds: What remains and what changes
Mar 24, 2023 IST3 Min(s) Read
As per the figures of the Kerala State Beverages Corporation (KSBC), which retails Indian Made Foreign Liquor (IMFL), sale of liquor through its outlets netted Rs 487 crore from September 3-10, an increase of Rs 30 crore compared to the previous year.
On September 10, 'Uttradam', a day ahead of the harvest festival Onam when the outlets are shut, liquor worth Rs 90.32 crore was sold.
An outlet in Irinjalakuda in Thrissur district recorded the highest single-day sale of Rs 1.04 crore on September 10 for the second consecutive year, KSBC said.
However, it was less than the Rs 1.22 crore sales turnover registered last year despite the ravage caused by the worst floods the state had witnessed in a century.
As it is a dry day on Friday on the occasion of 165th birth anniversary celebrations of the 19th-century social reformer Sree Narayana Guru, long queues were witnessed in front of several outlets on Thursday.
Despite around 200 percent tax on liquor, Kerala tops the country in its consumption and people can be seen waiting patiently in long queues for hours in front of outlets.
Only the state government agency is authorised for wholesale and retail sales of alcohol, including beer and wine.
First Published: Sept 14, 2019 3:44 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!