Page 20 - Development Cess News Today

Budget 2021: FM Nirmala Sitharaman introduces agriculture cess on fuel; but why it wont impact consumers? With the imposition of the AIDC on petrol and diesel, the Basic Excise Duty (BED) and Special Additional Excise Duty (SAED) rates have been reduced so that the consumer does not bear any additional burden, Finance Minister Nirmala Sitharaman said while presenting the Union Budget 2021-22. February 01, 2021 / 04:05 PM IST An Agriculture Infrastructure and Development Cess (AIDC) of Rs 2....

Privatisation of public sector units flayed Updated: Updated: ‘No announcement on revoking freeze on DA’ Share Article ‘No announcement on revoking freeze on DA’ It is a budget encouraging privatisation of public sector units, according to Southern Railway Mazdoor Union. In a statement, its assistant divisional secretary V. Ramkumar said that the Union Budget was anti-labourers. Implementation of the budgetary proposals would do away with the Life Insurance Corporation. The new Agri...

Budget 2021: Why petrol, diesel prices wont increase despite new agri cess Union Budget 2021-22 news: The government has imposed a steep agriculture infrastructure and development cess (AIDC) of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel but has cushioned it with a commensurate reduction in excise duty on the two fuels to not burden consumers Sumant Banerji | February 1, 2021 | Updated 16:10 IST Agri cess budget 2021: To make up for the cess, basic excise duty on petrol has been r...

Budget 2021: Whats costlier, whats cheaper? While the government has reduced customs duty on gold and silver, gold and silver dore bar, among others, it has proposed an Agriculture Infrastructure and Development Cess (AIDC) on them. BusinessToday.In | February 1, 2021 | Updated 18:14 IST Like every Budget, the finance minister also announced changes in tax and duty on many items. Finance Minister Nirmala Sitharaman on Monday presented the Union Budget 2021-22. The government emphasised more on...

Union Budget farmer friendly, PM Modi devoted to their welfare: Amit Shah ANI | Updated: Feb 02, 2021 00:58 IST New Delhi [India], February 2 (ANI): Union Home MinisterAmit Shah on Monday hailed Union Budget 20-21 as agriculture sector friendly and lauded Prime Minister (PM) Narendra Modi for his devotion towards the welfare of farmers. "PM has been working for the welfare of farmers from day one. Numerous efforts were made to double the farmers income, tak...

NEW DELHI: Finance Minister Nirmala Sitharaman on Monday proposed more than doubling of healthcare spending while imposing a new agri cess on certain imported goods and raising customs duty on items ranging from cotton to electronics in a bid to pull the economy out of the trough. In her Budget for the fiscal year beginning April 1, she restricted tax-free interest on retirement fund to Rs 2.5 lakh annually but gave tax exemption on Leave Travel Concession subject to incurring of specified exp...

ANI | Updated: Feb 02, 2021 00:14 IST New Delhi [India], February 2 (ANI): Bhartiya Kisan Union (BKU) spokesperson Rakesh Tikait on Monday expressed disappointment at the Union Budget 2021-22 saying that it would offer loans to farmers, but if they take them, they will suffer losses. Talking to ANI, Tikait said, "There is nothing positive in the budget. The budget is more about providing loans to farmers. If farmers take loans, they will only incur losses."...

Explore Now NEW DELHI: Shares of oil retailed pared early gains as the government proposed imposing agri cess on fuels, which some feared will make petrol and diesel more expensive. The government plans to slap agricultural cess on petrol at Rs 2.5 per litre and on diesel at Rs 4 per litre. “This is madness! Farm cess of Rs 2.5 per litre on Petrol Rs 4 per litre on diesel and people thought no increase in taxes…,” said Sandip Sabharwal, an independent market analyst. Though, he later adde...

Batting on the front foot | Updated on A Budget for unprecedented times   -  THE HINDU× The Budget has abandoned fiscal conservatism to give growth a meaningful push Finance Minister Nirmala Sitharaman was faced with the difficult choice of either clamping down on fiscal spending and halting the fledgling economic recovery, or continuing to spend while relying on over-burdened taxpayers to foot the bill. She chose neither option but yet managed to deliver a pro-growth Budget by choosing to ...

The Centre on Monday imposed an agriculture infrastructure cess on a range of items, including petrol, diesel, gold, and alcoholic beverages, up to a 100 per cent, in a move that aims to further boost farm infrastructure. “There is an immediate need to improve agricultural infrastructure so that we produce more, while also conserving and processing agricultural output efficiently. This will ensure enhanced remuneration for our farmers,” said Finance Minister Nirmala Sitharaman, while prop...