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The tea industry in north Bengal said announcements in the Union budget would help workers at large but rued that the cess on petroleum products would push up the manufacturing cost.  “It is good the central government has floated a new scheme to improve health infrastructure across the country as we believe it would provide medical succour to the tea garden population also,” said Prabir Bhattacharjee, secretary general, Tea Association of India. Union finance minister Nirmala Sitharaman also announced Rs 1,000 crore for the tea population, especially women and children, in Bengal and As...

Highlights Nirmala Sitharaman announced that the levies on petrol and diesel have been altered. The announcement was made in the Union Budget 2021-22 and the alterations will be applicable from April 1, 2021. Agriculture Infrastructure and Development Cess (AIDC) has been imposed on petrol and diesel. New Delhi: Union Finance Minister Nirmala Sitharaman on Monday (February 1) announced that the levies on petrol and diesel have been altered. The announcement was made in the Union Budget 2021-22 and the alterations will be applicable from April 1, 2021. “Consequent to imposition of Agricultu...

Updated: Monday, February 1, 2021, 16:50 [IST] New Delhi, Feb 01: The Union Budget 2021, that was presented by Finance Minister Nirmala Sitharaman had raised a lot of expectations and has "fulfilled" them, said Vice-Chairman of the NITI Aayog Rajiv Kumar on Monday while reacting to the Budget 2021. Union Budget 2021: Direct taxes unchanged but healthcare and infrastructure get a push|Oneindia News Speaking to media, Rajiv Kumar said, "In my opinion, Finance Minister had raised a lot of expectations regarding Budget 2021 and she has fulfilled all of them. Given the current times, the Budget is...

Shares of state-run oil marketing companies were off day's high after the Finance Minister proposed an Agricultural Infrastructure and Development Cess on petrol and diesel. Indian Oil Corporation rose 1.66% to Rs 94.85. The stock hit high of Rs 96.50 in intraday trade. Bharat Petroleum Corporation rose 0.7% to Rs 386.55 after hitting high of Rs 398 in intraday trade. Hindustan Petroleum Corporation fell 0.55% to Rs 217.50 after hitting high of Rs 222.35 in intraday trade. Finance Minister Nirmala Sitharaman's Union Budget 2021 proposed an Agricultural Infrastructure and Development Cess (...

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 Javadekar said that the Modi government's budget will take the country forward. He said, "There will be no increase in petrol and diesel prices. There will be no additional burden on people. The cess has been imposed to re-constitute the taxes. The government has reduced excise, and has started new agricultural cess." Rs 5.71 crore will be invested in infrastructure, including roads, electricity, water, ports, ...