UK chancellor Rishi Sunak has delivered his first-ever Budget. Apart from promising better living conditions in the face of the ongoing coronavirus scare, amidst other things, the budget has also frozen duties on beer.
This means that for only the second time in 20 years, the
Former President & MD, United Spirits Limited
The beer industry is getting active now, unlike in the past. The weak point is, taxation varies from state to state- drastically. There is really no logic of why taxes are what they are across the country. It
It is estimated that of the top 30 global beer markets, India has the lowest affordability of beer relative to average GDP. With tax rates ranging from about 50 to 75% across States, beer has the lowest affordability in India.
Beer with rational taxes and