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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...

DNA Explainer: Why agri cess on petrol, diesel will not affect common man Union Finance Minister Nirmala Sitharaman on Monday (February 1) proposed agri cess of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel. Share Updated: Feb 1, 2021, 02:07 PM IST In a significant development, Union Finance Minister Nirmala Sitharaman on Monday (February 1) proposed agri cess of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel. Sitharaman made the announcement while presenting Union Budget 2021-22 in Lok Sabha. "I propose an Agriculture Infrastructure and Development Cess (AIDC) on a small ...

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...

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...

Fuel prices will not increase: Javadekar ​ By IANS | Published on ​ Mon, Feb 1 2021 23:57 IST | ​ 0 Views   New Delhi: Union Environment, Forest and Climate Change; Information and Broadcasting and Heavy Industries and Public Enterprises Minister Prakash Javadekar addresses a press conference, in New Delhi on Dec 23, 2020. (Photo: Qamar Sibtain/IANS). Image Source: IANS News New Delhi, Feb 1 : Ruling out the possibility of a hike in fuel prices after the imposition of Agriculture Infrastructure and Development Cess in the Budget presented on Monday, Union Minister Prakash Javadeka...