Government bears full cost of excise duty cut on petrol, diesel: FM Nirmala Sitharaman | Economy News
The duty reduction made in November 2021 has an implication of Rs 1,20,000 crore a year for Centre.
Source: india.com
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New farm cess won't pinch your pocket - The Hindu BusinessLine
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. This will ensure enhanced remuneration for our farmers. To earmark resources for this purpose, I pro...
Source: thehindubusinessline.com