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Asserting that the government is committed towards farmers' welfare, Finance Minister Nirmala Sitharaman on Monday proposed 10 per cent hike in the farm loan disbursal target to Rs 16.5 lakh crore in the Budget, and introduced an agri-infra and development cess of up to 100 per cent to create post-harvest infrastructure for improving farmers' income. The minister also proposed higher allocation for Rural Infrastructure Development Fund and Micro Irrigation Fund, and extended Agriculture Infrastructure Fund to APMCs for augmenting infrastructure facilities. The government also proposed substan...

URL copied Budget 2021: FM Sitharaman announces Agri Cess on Petrol and Diesel. Finance Minister Nirmala Sitharaman on Monday tabled the Union Budget 2021 in Parliament. While Sitharaman kept the Income Tax slabs unchanged, she imposed an additional agriculture cess on petrol and diesel. However, the new cess will not have any impact on the price of these petroleum products for general consumers. "An agriculture Infrastructure and Development Cess (AIDC) of Rs 2.5 per litre has been imposed on petrol and Rs 4 per litre on diesel. For other duties and cess, as revised, consequent to ...

Budget 2021: Govt. imposes agri cess of Rs 2.5 on petrol, Rs 4 on diesel Nirmala Sitharaman also said that care has been taken not to put additional burden on consumers on most items. By PTI|   Published: 1st February 2021 3:32 pm IST (Representational photo) New Delhi: In a bid to boost agriculture infrastructure, the government on Monday announced a cess on certain items, including petrol, diesel, gold and some imported agricultural products. While proposing the Agriculture Infrastructure and Development Cess (AIDC), Finance Minister Nirmala Sitharaman also said that care has been ...

Photo Credit: IANS IANSLive New Delhi, Feb 1 (IANS) To fund the Centre's massive FY22 spending target, the Centre has imposed an Agriculture Infrastructure and Development Cess on excise and customs duties. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow IANS at Twitter. Update: 01-February-2021

Union Budget 2021 highlights Finance Minister Nirmala Sitharaman on Monday presented the Budget 2021-22, starting her speech by saying how healthcare and wellbeing takes precedence. From announcing a massive spending plan focused on healthcare and infrastructure, the government through its budget aims to rebuild the badly-hit economy due to the coronavirus pandemic. One of many things that caught the attention and quickly became the talking point on social media is 100 percent cess on alcohol. Without even reading the fine print, many jumped to conclusions that liquor is going to cost twice a...