Foreign made foreign liquor price hike in effect

THIRUVANANTHAPURAM: Revised prices of foreign-made foreign liquor came into effect yesterday with an increase in warehouse and shop margins. Bevco will get an additional income of 15 crores per annum through this.

Warehouse margin was increased from 5 percent to 14 percent and shop margin from 3 percent to 6 percent. Warehouse margin on foreign-made wine increased to 9 percent from 2.5 percent, while shop margin remained at 5 percent.

Foreign-made foreign liquor sales account for less than one percent of Bevco's total liquor sales. 150 crores were received during the financial year 2022-23 through this. This year 165 crores may be received.

Vigilance check to mentally weaken staff: Bevco

Bevco said that the farce conducted by the vigilance in the name of inspection in Bevco shops on the half-yearly stock-taking day (30/09) has mentally weakened the employees. 72 shops were inspected by vigilance after 6 pm. Not only was it past 12pm when they left the shops that were supposed to take stock after 7pm, the news was on the channels within an hour as well. After the introduction of the ERP system, there is a difference between digital payment and direct sales. It is cleared every day when stock is taken. Vigilance has not approved this. As it was a half-yearly stock taking, it was the day to check the stock and correct the differences. The inspection blocked it.