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Published: Tuesday, February 2, 2021, 11:12 [IST] New Delhi, Feb 02: In a significant development, Union Finance Minister Nirmala Sitharaman, in her Budget 2021 speech, has announced imposition of Agriculture Infrastructure and Development Cess (AIDC) on certain items, including petrol, diesel, gold and some imported agricultural products. The agricultural infrastructure development cess will be applicable from February 2, 2021. Sitharaman also said that care has been taken not to put additional burden on consumers on most items. There is an immediate need to improve agricultural infrastructu...

Updated: Experts say this may result in States being short-changed Share Article AAA Finance Minister Nirmala Sitharaman during the final touches of Union Budget 2021-22 at Finance Ministry in New Delhi on January 31, 2021.   | Photo Credit: The Hindu Experts say this may result in States being short-changed Union Finance Minister Nirmala Sitharaman on Monday announced an agriculture infrastructure and development cess (AIDC) on select items such as petrol, diesel, apples and alcohol, pointing to an immediate need to improve the sector’s infrastructure. However, she stressed that this wo...

Budget 2021: Government imposes agriculture cess on petrol and diesel Updated Feb 01, 2021 | 18:18 IST While proposing the Agriculture Infrastructure and Development Cess (AIDC), Finance Minister Nirmala Sitharaman also said that care has been taken not to put additional burden on consumers. Budget 2021: Government imposes agriculture cess on petrol and diesel  |  Photo Credit: Representative Image In a bid to boost agriculture infrastructure, the government on Monday announced a cess on certain items, including petrol, diesel, gold and some imported agricul...

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 wouldn't be a burden on the customer as the cess is being offset by a cut in excise duties. TRENDING STORIESSee All 2 min read Laxmi O...

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 be used are mentioned in the budget. Related The Finance Minister has presented the budget, which ov...