Srinagar, Feb. 29 -- In a groundbreaking development, the Jammu and Kashmir government has achieved unprecedented success in its recent auction of liquor shops, with revenues surging to an all-time high of Rs 2280 crore in the fiscal year 2024.

This substantial increase in revenue, as per the official reports, compared to previous years, underscores the efficacy of the state's revamped excise policy, which was implemented three years ago to streamline the auction process and enhance revenue generation.

As per the reports received by the KNO news agency, the auction witnessed fierce bidding wars, culminating in the sale of a liquor shop in Qazigund, Kashmir, for an astounding Rs 5.23 crore.

This historic bid not only marks the highest e...