Ensure transparency in excise policy: CM
Naidu criticised the previous government for allowing fake brands and linked the spread of drugs and ganja to politically backed 'J brands.' These brands, he noted, have now largely disappeared. Officials informed him that 68 per cent of the liquor market was once dominated by such anonymous brands, but the new policy has nearly wiped them out.
Under the current liquor policy, state revenue has improved, and cross-border purchases have declined. Liquor prices in AP have also dropped for the first time — by Rs 10 to Rs 100 per bottle—saving consumers around Rs 116 crore monthly.
The Chief Minister directed officials to integrate advanced technologies such as Artificial Intelligence and GPS to track liquor movement in real time from distilleries to retail outlets. He called for full digitalisation of transactions, a strict trace-and-track system, and analytics-based audits of inventories.
Naidu also stressed the need to eradicate illegal outlets and monitor activities like ginger ale extractions and natu sara (illicit liquor) production using drones.
The review meeting was attended by Excise Principal Secretary Mukesh Kumar Meena and other senior officials.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
23 minutes ago
- India.com
India 2, Pakistan 3, Bangladesh 2… what is this list in which no country wants to come on top
Seven of the World's 10 Worst Power Outages Belong to India, Pakistan, and Bangladesh, India, Pakistan, and Bangladesh dominate an unfortunate list that is the top 10 largest power outages in the world. Out of these ten, seven are from these three South Asian nations. India tops the list, and there's no close competition. Let's look at the complete list and what it means. India In Power Outage List India is currently the fastest-growing major economy in the world. It is expected to overtake Japan soon. In economic terms, comparing India to Pakistan and Bangladesh is now seen as irrelevant. However, when it comes to massive power failures, these three nations remain grouped together. World's Largest Power Outage The world's biggest-ever power outage is recorded in the Guinness World Records and the record belongs to India. On July 30–31, 2012, a massive power failure impacted a significant portion of the country. Due to the collapse of 3 out of 5 national power grids, 20 out of 29 states went dark, affecting an estimated 620 million people. Train services were halted mid-route, cities were plunged into darkness, and the entire northern power grid was paralyzed — all in an effort to avoid accidents during the blackout. Who Else Is on the List? 2 – Pakistan (January 23, 2023): A national grid failure caused a blackout across Pakistan, affecting around 230 million people. 3 – India (Date unspecified): A technical fault at a substation in Uttar Pradesh caused the northern grid to collapse, impacting nearly 230 million people for 12 hours. Business losses were estimated at around Rs 567 crore (approx. USD 68 million). 4 – Bangladesh (November 1, 2014): A widespread power failure affected 150 million people. 5 – Bangladesh (October 4, 2022): Another massive blackout impacted 140 million people. 6 – Pakistan (January 26, 2015): A major power outage left 140 million in darkness. 7 – Indonesia (August 4–5, 2019): A blackout affected 120 million people. 8 – Indonesia (August 18, 2005): A power outage impacted 100 million people.
Economic Times
23 minutes ago
- Economic Times
CTC is Rs 40 LPA but cannot even afford a vacation: CA decodes a 32-year-old techie's financial reality
An Indian techie earning Rs 40 LPA is struggling with financial freedom. (Pic credit- Istock. Image used for representative purpose only) It sounds like the dream, doesn't it? Rs 40 lakh per annum. Swanky job in tech. A 1.5 crore apartment in Mumbai. A shiny car in the parking lot. From the outside, it's a picture of success. But peel back the curtain, and the reality is sobering: a 32-year-old IT professional with a CTC of Rs 40 LPA is broke. Not just metaphorically — he literally cannot afford a single stress-free vacation. Welcome to India's newest illusion: high income with zero financial freedom. Chartered Accountant Nitin Kaushik recently broke down this alarming financial profile on X. CTC: Rs 40 LPAIn-hand salary: Rs 2.2 lakh/monthFlat in Mulund (Mumbai): Rs 1.5 croreHome loan: Rs 1.25 croreEMI: Rs 1.12 lakh/month Right off the bat, more than 50% of his salary goes toward the home loan. That's not including maintenance, property tax, or rising interest rates. Add to that: Car EMI: Rs 15,000/month, living expenses (food, utilities, social life): Rs 50,000/month. What's left? A razor-thin saving margin of Rs 30,000–Rs 40,000/month, if everything goes perfectly. But life rarely plays by the rules. One minor health issue, one job switch, or even a trip abroad — and the entire house of cards tumbles. — Finance_Bareek (@Finance_Bareek) - Asset-rich, liquidity-poor - Lifestyle inflated income- With no real investments or emergency fund- Retirement planning is becoming non-existent If your income isn't bringing you peace of mind, it may be time to rethink your financial approach. As Kaushik suggests, the first step is to control your spending — don't let your income dictate your expenses; instead, let your long-term goals lead the way. Building a liquid emergency fund is essential and non-negotiable. Focus on investing in real, appreciating assets like mutual funds, index funds, or stocks, and steer clear of lifestyle debt that only drains your to the CA, in today's economy, cash flow is king. So if you're earning big but still broke, you're not alone. But staying stuck in the trap is a choice. ( Originally published on Jul 14, 2025 )
Indian Express
23 minutes ago
- Indian Express
SBI launches Rs 25,000 cr QIP; floor price fixed at Rs 811.05 a share
The country's largest lender State Bank of India (SBI) on Wednesday launched its qualified institutional placement (QIP) of up to Rs 25,000 crore at a floor price of Rs 811.05 per equity share. Separately, the lender also announced that it received board approval to raise up to Rs 20,000 crore through additional tier 1 and tier 2 bonds in FY26. The floor price of the bank's QIP has been set at Rs 811.05 per equity share, a discount of 2.5 per cent over the Wednesday's closing price of its shares at Rs 831.55 apiece. This capital raised will boost the lender's core equity capital – common equity tier 1 (CET1) capital ratio. As of March 31, 2025, the bank's CET 1 ratio stood at 10.81 per cent. The QIP will result in a reduction in the government's ownership in SBI, which stood at 57.43 per cent as of March 31, 2025. SBI's Rs 25,000 crore QIP is likely to be the biggest equity share sale to institutional buyers in the domestic capital markets, surpassing Coal India's Rs 22,560 crore QIP launched in 2015. This is also for the first time since 2017 that the bank is raising money through equity sale. It had raised Rs 15,000 crore in June 2017. QIP is one of the capital raising instruments used by listed companies to raise funds by issuing equity shares to qualified institutional buyers (QIBs), including venture capital funds, pension funds and mutual funds. It is one of the important sources for fundraising for the listed players. Further, the bank said that its board in a meeting held on Wednesday accorded approval for raising up to Rs 20,000 crore by issuance of Basel III compliant additional tier 1 and tier 2 bonds to domestic investors in the current fiscal.
