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<ul><li>The world’s largest beer maker Anheuser-Busch InBev is banned from the capital city for three years over tax evasion.</li><li>SABMiller which was acquired by the Belgium’s AB InBev in 2016, was caught trying to duplicate barcodes on its beer bottles.</li><li>AB InBev denied the allegations and said that they will co-operate with the process, and look forward to present their view.</li></ul> Budweiser beer might disappear from Delhi bars and shops, as its maker has incurred the government’s wrath. The world’s largest beer maker Anheuser-Busch InBev (AB InBev) is banned from India’s capital city for three years over tax evasion, says a<a href="https://in.reuters.com/article/ab-inbev-india/exclusive-indias-capital-bans-ab-inbev-for-three-years-for-alleged-tax-evasion-idINKCN1UP19B?il=0"> Reuters report</a>. SABMiller, which was acquired by the Belgium’s AB InBev in 2016, was caught trying to duplicate barcodes on its beer bottles, which allowed it to pay lesser levies. The report also says that two orders were passed by the Delhi city authority which wants to blacklist the beer maker for its discrepancies. As per the order, no fresh beer can be supplied in the city. Three years back, a random inspection revealed at a posh bar in Delhi found 12 beer bottles with barcodes, that as per records should be lying in the company warehouse. Since then, a detailed investigation revealed that it had duplicated barcodes multiple times. A legacy issue AB InBev denied the allegations and said that they will co-operate with the process, and look forward to present their view. “This order relates to operations of the legacy company dating back to 2016, prior to our takeover. After we took control, we have discontinued our relationship with the vendor that managed the relevant Delhi warehouse and are taking steps to enhance our systems,” a company spokesperson said in a statement, while mentioning that the order relates to 12 bottles at one bar. Growing Beer market The matter came to the fore when beer bottles with duplicated barcodes were supplied to the same restaurant, twice. This ban, if not appealed against, will be a big blow to the beer company as Delhi is one of its biggest markets, bar culture is picking up amongst millennials. This is not the first time that beer makers have had a run in with the government. Last year, all the top three sellers—United Breweries, Carlsberg and AB InBev were<a href="http://www.businessworld.in/article/Carlsberg-United-Breweries-Plead-Leniency-In-India-Beer-Cartel-Probe-Sources/14-12-2018-165265/"> investigated by Competition Commission of India for</a> colluding to fix prices of beer, as a cartel. The top three players account for 90% of beer sales in India, which is known to be a $7 billion industry. AB InBev is the second biggest seller in the Indian beer market with a 17.5% market share, after United Breweries. In the last five years, the beer industry has been growing at 8% per annum. The super premium beer segment is growing at a healthy 30%, according to an annual report by United Breweries. SEE ALSO Indians are guzzling beer like never before. But making and selling beer in India is far from breezy 
 


 
 <div type="Youtube" id="IPNP7IgFf6s" title="The business of beer in India | Ankur Jain, Rahul Singh and Sucharita Tyagi | What's what Ep 4" thumbUrl="https://i.ytimg.com/vi/IPNP7IgFf6s/mqdefault.jpg"></div>

Budweiser banned in Delhi after SABMiller, now owned by AB InBev, is accused of faking barcodes

<ul><li>Anheuser-Busch InBev (<keyword id="1122151" type="ORGANIZATION" weightage="20" keywordseo="AB-InBev">AB InBev</keyword>) has now launched a non-alcoholic <keyword id="7985097" type="UNKNOWN" weightage="20" keywordseo="Budweiser-0-0">Budweiser 0.0</keyword>.</li><li>The new non-alcoholic beer promises to taste like the original <keyword id="148181" type="COMPANY" weightage="20" keywordseo="Budweiser">Budweiser</keyword>. </li><li>AB InBev was banned from the capital city for three years over tax evasion. </li></ul>Anheuser-Busch InBev (AB InBev), the company that produces Budweiser has now launched a non-alcoholic Budweiser 0.0. “Our foray into the non-alcohol beer segment in India is in line with our global goal to offer low and non-alcohol beverages to our consumers. One of our Global Smart Drinking Goals to Empower Consumers Through Choice is to ensure that No or Lower alcohol beer products make up at least 20% of our global beer volume by 2025. As of 2018, 8% of our global beer volumes came from No and Low alcohol beverages,” said Ben Verhaert, President – South Asia, AB InBev This new non-alcoholic version is to target the non alcohol drinking consumers, giving them more choices in the segment. "Budweiser is the fastest growing premium brand in the country and the launch of Budweiser 0.0 will further enable the brand to be inclusive, as many people today do not drink alcohol. For them, we would like to offer the great taste of our iconic signature lager that can be enjoyed across different occasions, freely and responsibly, when one cannot consume alcohol," said Verhaert. As it is ‘non-alcoholic’ the new Budweiser will also be available even in Gujarat where alcohol is prohibited. Recently, AB InBev was banned from the capital city for <a href="https://www.businessinsider.in/budweiser-beer-banned-in-delhi/articleshow/70452641.cms">three years over tax evasion</a>. SABMiller, which was acquired by the Belgium’s AB InBev in 2016, was caught trying to duplicate barcodes on its beer bottles, which allowed it to pay lesser levies. The report also says that two orders were passed by the Delhi city authority which wants to blacklist the beer maker for its discrepancies. As per the order, no fresh beer can be supplied in the city. However, the non-alcoholic Budweiser which was present in the market before the ban, will continue to be available. See Also: <a href="https://www.businessinsider.in/budweiser-beer-banned-in-delhi/articleshow/70452641.cms">Budweiser banned in Delhi after SABMiller, now owned by AB InBev, is accused of faking barcodes</a>

Budweiser has a new non-alcoholic version for Indian teetotallers

<ul><li>The finance minister said that the government is keeping its eye on the crypto industry and the risks it presents.</li><li>Sitharaman clarified that the Indian government is yet to take a call on banning advertisements by crypto exchanges.</li><li>She had earlier informed the lower house that the government does not collect data on Bitcoin transactions.</li></ul>India’s Finance Minister <keyword id="129243" type="General" weightage="20" keywordseo="nirmala-sitharaman" source="Orion">Nirmala Sitharaman</keyword> has confirmed that the government's new crypto bill — the one set to be introduced in the ongoing session of Parliament — is not the same as the 2019 draft. “We are in a position where we are close to bringing a bill in Parliament,” she said today, November 30, during the Winter Session. According to Sitharaman, the government is keeping its eye on the crypto industry and the risks it presents. “Risk that cryptocurrencies can lead to undesirable activities is being closely monitored,” she said. <cmsannotation type="cmsannotation" annotationid="Future of crypto ads in India remains uncertain" comment="subhead" text="Future of crypto ads in India remains uncertain">Future of crypto ads in India remains uncertain</cmsannotation> Sitharaman also clarified that the Indian government is yet to take a call on banning advertisements by crypto exchanges. In July, <a href="https://www.businessinsider.in/cryptocurrency/news/wazirx-coindcx-and-coinswitch-kubers-advertising-roll-has-hit-a-roadblock-in-india/articleshow/84432645.cms">earlier this year</a>, a plea was filed with the Delhi High Court seeking a formal framework for domestic cryptocurrency exchanges pushing ads on television. The bench, comprising judges DN Patel and Jyoti Singh, passed the buck onto the government, the Securities and Exchange Board of India (SEBI) and Indian crypto exchanges — WazirX, CoinDCX, and CoinSwitch Kuber to figure it out. Advertisements run in the past do have disclaimers, but the plea points out that they are too small to read and need to be broadcast in a standard size. According to the petitioners, SEBI should issue guidelines, which mandate the disclaimer on crypto ads to cover at least 80% of the screen. Sitharaman’s comments come after she told the Parliament that India has <a href="https://www.businessinsider.in/investment/news/india-has-no-plans-to-recognise-bitcoin-as-a-currency-says-countrys-finance-minister-nirmala-sitharaman/articleshow/87976812.cms">no plans</a> to recognise Bitcoin as a currency, yesterday, on November 29. She also informed the lower house — Lok Sabha — that the government does not collect data on Bitcoin transactions. <a href="https://forum.businessinsider.in/">For a more in-depth discussion, come on over to Business Insider Cryptosphere</a> — a forum where users can deep dive into all things crypto, engage in interesting discussions and stay ahead of the curve. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/budweiser-is-getting-in-on-the-nft-craze-with-its-key-to-the-budverse-line-of-ethereum-based-collectibles/articleshow/87992059.cms">Budweiser is getting in on the NFT craze with its 'Key to the Budverse' line of ethereum-based collectibles</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/cryptocurrency/news/defi-the-peer-to-peer-financial-system-based-primarily-on-ethereum/articleshow/87992188.cms">DeFi: The peer-to-peer financial system based primarily on Ethereum</a>

Indian government confirms that its new crypto bill is not the same as the old one

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Budweiser banned in Delhi after SABMiller, now owned by AB InBev, is accused of faking barcodes

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Budweiser has a new non-alcoholic version for Indian teetotallers

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Indian government confirms that its new crypto bill is not the same as the old one

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