💨 Abstract

United Breweries (UB) has halted sales to Telangana, one of its top markets, due to high state taxes making up nearly 70% of consumer prices, rising inflationary costs, and lower returns. This decision could impact Telangana's revenue, as it relies heavily on excise duties for funding welfare and infrastructure needs. The state's annual beer market is approximately 5.8

Courtesy: theprint.in

Summarized by Einstein Beta 🤖