Page 17 - Development Cess News Today

Budget 2021: No impact on petrol, diesel prices despite agri infra cess Union Finance Minister Nirmala Sitharaman at Lok Sabha during the Budget Session of the Parliament, in New Delhi, Monday (PTI) The Agri Infra Development Cess will be applicable from 2 Feb, 2021 Share Via Read Full Story New Delhi: As part of Budget 2021, Finance Minister Nirmala Sitharaman on Monday imposed agri infra cess of ₹2.5 per litre on petrol and ₹4 on diesel. However, this wouldnt be a burden on the custome...

DNA Explainer: Why agri cess on petrol, diesel will not affect common man Union Finance Minister Nirmala Sitharaman on Monday (February 1) proposed agri cess of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel. Share Updated: Feb 1, 2021, 02:07 PM IST In a significant development, Union Finance Minister Nirmala Sitharaman on Monday (February 1) proposed agri cess of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel. Sitharaman made the announcement while presenting Union Budget 20...

New farm cess won’t pinch your pocket February 01, 2021 To get additional resources for the farm sector, the Budget has proposed Agriculture Infrastructure and Development Cess (AIDC) on over a dozen items, including gold-silver, alcoholic beverages and petrol-diesel. However, the consumer will not have to pay more for any of these items. “There is an immediate need to improve agricultural infrastructure to produce more, while also conserving and processing agricultural output efficiently. ...

Will the new Agriculture Infrastructure & Development Cess affect common man? SECTIONS Last Updated: Feb 01, 2021, 07:58 PM IST Share Synopsis The Finance Minister has presented the budget, which overall did not seem to touch the middle class in any major way. There was an Agriculture Infrastructure & Development Cess (AIDC), which has been brought in to aid the agri sector. The cess is not uniform and varies from product to product. Agencies A couple of places where the fund so collected will ...

Fuel prices will not increase: Javadekar ​ By IANS | Published on ​ Mon, Feb 1 2021 23:57 IST | ​ 0 Views   New Delhi: Union Environment, Forest and Climate Change; Information and Broadcasting and Heavy Industries and Public Enterprises Minister Prakash Javadekar addresses a press conference, in New Delhi on Dec 23, 2020. (Photo: Qamar Sibtain/IANS). Image Source: IANS News New Delhi, Feb 1 : Ruling out the possibility of a hike in fuel prices after the imposition of Agriculture In...

The tea industry in north Bengal said announcements in the Union budget would help workers at large but rued that the cess on petroleum products would push up the manufacturing cost.  “It is good the central government has floated a new scheme to improve health infrastructure across the country as we believe it would provide medical succour to the tea garden population also,” said Prabir Bhattacharjee, secretary general, Tea Association of India. Union finance minister Nirmala Sitharaman a...

Highlights Nirmala Sitharaman announced that the levies on petrol and diesel have been altered. The announcement was made in the Union Budget 2021-22 and the alterations will be applicable from April 1, 2021. Agriculture Infrastructure and Development Cess (AIDC) has been imposed on petrol and diesel. New Delhi: Union Finance Minister Nirmala Sitharaman on Monday (February 1) announced that the levies on petrol and diesel have been altered. The announcement was made in the Union Budget 2021-22...

Updated: Monday, February 1, 2021, 16:50 [IST] New Delhi, Feb 01: The Union Budget 2021, that was presented by Finance Minister Nirmala Sitharaman had raised a lot of expectations and has "fulfilled" them, said Vice-Chairman of the NITI Aayog Rajiv Kumar on Monday while reacting to the Budget 2021. Union Budget 2021: Direct taxes unchanged but healthcare and infrastructure get a push|Oneindia News Speaking to media, Rajiv Kumar said, "In my opinion, Finance Minister had raised a lot of expectat...

Shares of state-run oil marketing companies were off days high after the Finance Minister proposed an Agricultural Infrastructure and Development Cess on petrol and diesel. Indian Oil Corporation rose 1.66% to Rs 94.85. The stock hit high of Rs 96.50 in intraday trade. Bharat Petroleum Corporation rose 0.7% to Rs 386.55 after hitting high of Rs 398 in intraday trade. Hindustan Petroleum Corporation fell 0.55% to Rs 217.50 after hitting high of Rs 222.35 in intraday trade. Finance Minister Ni...

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. He said, "There will be no increase in petrol and diesel prices. There will be no additional burden on people. The cess has been imposed to re-constitute the taxes. The government has reduced excise, and has started new agricultural ces...