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Union Budget 2021: Here is Full Text of Nirmala Sitharaman's Address at the Parliament FOLLOW US ON: Introduction Honourable Speaker, the preparation of this Budget was undertaken in circumstances like never before. We knew of calamities that have affected a country or a region within a country, but what we have endured with COVID-19 through 2020 is sui generis. RELATED NEWS When I presented the Budget 2020-21, we could not have imagined that the global economy, already in throes of a slowdown, would be pushed into an unprecedented contraction. We could not have also...

Customs duty hikes, a boost to ‘Atmanirbhar Bharat’ February 01, 2021 × Move cheers domestic producers but irks trade partners such as US, EU, China who are critical of rising tariffs Items such as cotton, maize, some automobile parts, capital equipment, leather, plastic, chemical goods, solar lamps and electronics will now attract higher customs duty. The move is in step with the government’s policy to promote domestic production especially by micro, small and medium enterprises (MSMEs) under the Aatmanirbhar programme. Finance Minister Nirmala Sitharaman also announced reduction in ...

Agri-infra development levy imposed to shore up revenue ​ By IANS | Published on ​ Mon, Feb 1 2021 19:03 IST | ​ 0 Views Agri-infra development levy imposed to shore up revenue . Image Source: IANS News New Delhi, Feb 1 : To fund the Centre's massive FY22 spending target, the Centre has imposed an Agriculture Infrastructure and Development Cess on excise and customs duties. Finance Minister Nirmala Sitharaman, in her Budget 2021-22 proposals to the Parliament, set the cess on petrol products, and certain imported items. This will come into immediate effect from February 2. "There i...

A component to develop farm infrastructure has been added to the cost of petrol and diesel in the Union Budget presented by Finance Minister Nirmala Sitharaman today.An agriculture infrastructure and development cess of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel have been added in the budget that was made after months of turmoil in the economy due to the COVID-19 pandemic, which led to lost earnings and job cuts across sectors.

Petrol Price Hike In India Nears 100, Netizens Have A Field Day With Funny Memes Feb 01, 2021, 17:04 IST With the budget announcement today, many new details came to light. Finance Minister Nirmala Sitharaman presented the Union Budget 2021-22 in Parliament today. The minister made many major announcements. But leaving everything aside, what actually shocked the people were the decisions made regarding petrol and diesel. Finance Minister Sitharaman announced farm cess on petrol and diesel. It was proposed that farm cess of Rs 2.5 per litre on petrol will be levied and Rs 4 per litre on...