Page 26 - Development Cess News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Tuesday, 02 February, 2021, 08 : 00 AM [IST] Ashwani Maindola, New Delhi Finance Minister Nirmala Sitharaman has announced expansion of the scope of Operation Greens to boost export of agricultural commodities. She said that to boost value addition in agriculture and allied products and their exports, the scope of ‘Operation Greens Scheme’ that is presently applicable to tomatoes, onions, and potatoes, will be enlarged to include 22 perishable products. Also, she announced Agricultural Infrastructure and Development Cess aimed at improving infrastructure ...

Finance Minister Nirmala Sitharaman announces a 5% revision in Gold Import Duty. Does this mean one should buy Gold?

Diesel price was also unchanged at Rs 76.48 per litre. Petrol and diesel prices were hiked by 25 paise per litre on January 27, according to a price notification from oil marketing companies. This had taken prices in Delhi to Rs 86.30 per litre and Rs 76.48, respectively. Petrol prices in Mumbai stood at Rs 92.86 per litre -- the same as yesterday. One litre of diesel will cost Rs 83.30 in the city. In Chennai, petrol remained unchanged to sell at Rs 88.82. Diesel was retailing at Rs 81.71 in the city. In Kolkata, the retail price of petrol remained at Rs 87.69 and diesel at Rs 80.08 pe...

Agriculture infrastructure cess: States' tax revenue to take a hit as FM cuts duty Agriculture Infrastructure and Development Cess has been placed on fuel, alcoholic beverages, gold, silver, crude, soybean, and a few other commodities. February 02, 2021 / 12:21 PM IST State revenues are likely to take a hit due to the restructuring of taxes announced by Finance Minister Nirmala Sitharaman in the Union Budget 2021. Amid the ongoing farmers' agitation, Sitharaman introduced an agri infra and development cess of up to 100 percent to finance agricultural infrastructure and other development e...

The Indian textiles and clothing industry has broadly welcomed the Union Budget 2021-22 presented by finance minister Nirmala Sitharaman in Parliament on February 1. Setting up of 7 mega textiles parks under MITRA, and reducing duty on nylon raw materials are welcomed by all trade bodies, while there is a mixed reaction to 10 per cent import duty on cotton. The grant to the textiles and clothing sector in Union Budget 2021-22 is ₹3,614.64 crore, which is about 10 per cent higher than the revised budget of ₹3,300 crore in 2020-21. The budget also puts emphasis on Infrastructure Devel...