Page 16 - Development Cess News Today

Union Budget 2021: Here is Full Text of Nirmala Sitharamans Address at the Parliament FOLLOW US ON: Introduction Honourable Speaker, the preparation of this Budget was undertaken in circumstances like never before. We knew of calamities that have affected a country or a region within a country, but what we have endured with COVID-19 through 2020 is sui generis. RELATED NEWS When I presented the Budget 2020-21, we could not have imagined that the global economy, already...

Customs duty hikes, a boost to ‘Atmanirbhar Bharat’ February 01, 2021 × Move cheers domestic producers but irks trade partners such as US, EU, China who are critical of rising tariffs Items such as cotton, maize, some automobile parts, capital equipment, leather, plastic, chemical goods, solar lamps and electronics will now attract higher customs duty. The move is in step with the government’s policy to promote domestic production especially by micro, small and medium enterprises (MSMEs...

Agri-infra development levy imposed to shore up revenue ​ By IANS | Published on ​ Mon, Feb 1 2021 19:03 IST | ​ 0 Views Agri-infra development levy imposed to shore up revenue . Image Source: IANS News New Delhi, Feb 1 : To fund the Centres massive FY22 spending target, the Centre has imposed an Agriculture Infrastructure and Development Cess on excise and customs duties. Finance Minister Nirmala Sitharaman, in her Budget 2021-22 proposals to the Parliament, set the cess on petrol p...

A component to develop farm infrastructure has been added to the cost of petrol and diesel in the Union Budget presented by Finance Minister Nirmala Sitharaman today.An agriculture infrastructure and development cess of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel have been added in the budget that was made after months of turmoil in the economy due to the COVID-19 pandemic, which led to lost earnings and job cuts across sectors.

Petrol Price Hike In India Nears 100, Netizens Have A Field Day With Funny Memes Feb 01, 2021, 17:04 IST With the budget announcement today, many new details came to light. Finance Minister Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today. The minister made many major announcements. But leaving everything aside, what actually shocked the people were the decisions made regarding petrol and diesel. Finance Minister Sitharaman announced farm cess on petrol and diese...

Key highlights of Union Budget 2021-22 ANI | Updated: Feb 01, 2021 15:19 IST New Delhi [India], February 1 (ANI): Finance Minister Nirmala Sitharaman on Monday announced higher capital expenditure for the FY 2021-22 and focused on providing a major boost to healthcare and infrastructure building. In her Budget speech, Sitharaman mentioned that this years budget focused on six pillars- Health and Wellbeing, Physical and Financial Capital, and Infrastructure,...

Highlights In DNA on Monday, Zee News Editor-in-Chief Sudhir Chaudhary gives an analysis of Union Budget 2021-22 in just ten points. Union Finance Minister Nirmala Sitharamans Budget for the next fiscal is a bid to pull the economy out of the pandemic-induced trough. Union Finance Minister Nirmala Sitharaman on Monday presented the Union Budget 2021-22 in Parliament and proposed a sharp increase in expenditure on infrastructure, doubling of healthcare spending and raising the cap on foreign in...

‘Consumers will not be burdened by farm cess’ Updated: Updated: Finance Minister reiterates the levy will ensure enhanced remuneration for the farmers Share Article Finance Minister reiterates the levy will ensure enhanced remuneration for the farmers Pointing at an immediate need to improve agricultural infrastructure in the country, Finance Minister Nirmala Sitharaman on Monday announced an Agriculture Infrastructure and Development Cess (AIDC) on select items such as petrol, diesel, a...

It is to be noted that petrol and diesel prices had already been skyrocketing

Photo Credit: IANS IANSLive New Delhi, Feb 1 (IANS) Ruling out the possibility of a hike in fuel prices after the imposition of Agriculture Infrastructure and Development Cess in the Budget presented on Monday, Union Minister Prakash Javadekar said that the Modi governments budget will take the country forward. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any fo...