Record sales in bar hotels after closure of 418 bars

Image
Press Trust of India Kochi
Last Updated : Sep 26 2014 | 7:00 PM IST
Kerala Beverages Corporation today informed the High Court that during the last eight months since the closure of 418 bars, there has been record sales of liquor in the remaining bar hotels in the state.
According to the affidavit submitted to the court on a batch of petitions challenging the government's new liquor policy and closure of bar hotels, the corporation said during the last 8 months, there has been an additional income of Rs 517 crore from sale of foreign liquor from their outlets.
During this period, liquor sales from 312 bar hotels, which is also facing closure threat, had doubled. While last year's sale from the bar hotels was Rs 271.50 crore, during the eight month period, the income of the 312 bars came to Rs 403.85 crore, it was stated.
Figures indicated that sales of liquor in the bars now functioning has considerably increased even after closure of 418 bars and there is a record increase in sales of liquor.
The government had not renewed the license of the 418 bars stating they were sub-standard. The government also ordered the
closure of 312 bars, except those in the five star category, challenging which bar hotel owners approached the High Court.
The court after hearing all the parties posted the case for orders.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 26 2014 | 7:00 PM IST

Next Story