Page 19 - Development Cess News Today

Asserting that the government is committed towards farmers welfare, Finance Minister Nirmala Sitharaman on Monday proposed 10 per cent hike in the farm loan disbursal target to Rs 16.5 lakh crore in the Budget, and introduced an agri-infra and development cess of up to 100 per cent to create post-harvest infrastructure for improving farmers income. The minister also proposed higher allocation for Rural Infrastructure Development Fund and Micro Irrigation Fund, and extended Agriculture Infrastru...

URL copied Budget 2021: FM Sitharaman announces Agri Cess on Petrol and Diesel. Finance Minister Nirmala Sitharaman on Monday tabled the Union Budget 2021 in Parliament. While Sitharaman kept the Income Tax slabs unchanged, she imposed an additional agriculture cess on petrol and diesel. However, the new cess will not have any impact on the price of these petroleum products for general consumers. "An agriculture Infrastructure and Development Cess (AIDC) of Rs 2.5 per litre has been i...

Budget 2021: Govt. imposes agri cess of Rs 2.5 on petrol, Rs 4 on diesel Nirmala Sitharaman also said that care has been taken not to put additional burden on consumers on most items. By PTI|   Published: 1st February 2021 3:32 pm IST (Representational photo) New Delhi: In a bid to boost agriculture infrastructure, the government on Monday announced a cess on certain items, including petrol, diesel, gold and some imported agricultural products. While proposing the Agriculture Infrastru...

Photo Credit: IANS IANSLive New Delhi, Feb 1 (IANS) To fund the Centres massive FY22 spending target, the Centre has imposed an Agriculture Infrastructure and Development Cess on excise and customs duties. 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 form will be liable for legal action. For news, views and gossips, follow IANS at Twitter. Update: 01-Februa...

Union Budget 2021 highlights Finance Minister Nirmala Sitharaman on Monday presented the Budget 2021-22, starting her speech by saying how healthcare and wellbeing takes precedence. From announcing a massive spending plan focused on healthcare and infrastructure, the government through its budget aims to rebuild the badly-hit economy due to the coronavirus pandemic. One of many things that caught the attention and quickly became the talking point on social media is 100 percent cess on alcohol. ...

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...

Highlights The rate structure will be comprehensively reviewed in due course She proposed to withdraw exemptions on tunnel boring machine New Delhi: In order to rationalise custom duty structure, ease compliance and give impetus to domestic manufacturing, Union Finance Minister Nirmala Sitharaman on Monday (February 1) several indirect tax proposals, tabling the Union Budget 2021-22 in Parliament. The key Union Budget 2021-22 for the overhaul of the Custom duty structure are given here along wi...

Sitharaman also proposed a sharp increase in expenditure on infrastructure, doubling of healthcare spending and raising of the cap on foreign investment in insurance in her Budget for the next fiscal in a bid to pull the economy out of the trough. The Budget made no changes in personal or corporate tax rates but raised customs duties on certain auto parts, mobile phone components and solar panels in order to provide impetus to domestic manufacturing. It also imposed an Agriculture Infrastructur...

Market experts and jewellery industry welcome duty cut in gold; price falls nearly 2% India is the world’s second-largest gold consumer after China. India is slashing the rate for the first time in eight years to curb smuggling of the yellow metal into the country. February 01, 2021 / 06:23 PM IST Gold prices edged lower to Rs 48,409 per 10 gram as the government reduced customs duty on gold and silver to 7.5 percent from 12.5 percent. However, there will be a 2.5 percent cess -- a separa...

Pump priming: India sets massive spending target to unleash growth ​ By IANS | Published on ​ Mon, Feb 1 2021 20:06 IST | ​ 0 Views Kota coaching centres re-opens for students with New Normal norms Image Source: IANS News New Delhi, Feb 1 : Centre will go in for a massive spending spree on infrastructure creation, healthcare, education and demand generation to revive Indias pandemic-battered economy. In her third budget presentation to the Parliament, Finance Minister Nirmala Sithara...