During the current fiscal, liquor and lotteries are together expected to generate Rs 40,274.13 crore in revenue for States - that is almost 13 per cent of the total amount (Rs 3,10,266.21 crore) they would earn from their own tax and non-tax revenue sources.
According to the Reserve Bank of India's latest report on `State finances: A study of budgets of 2006-07,' liquor (excise) alone is slated to yield Rs 29,533.48 crore, making it the largest revenue source for States after sales tax (Rs 1,20,709.15 crore).
Wednesday, January 3, 2007
States to earn Rs 40,000 cr from liquor, lotteries
BL reports
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