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Budget 2021: FM Nirmala Sitharaman introduces agriculture cess on fuel; but why it won't impact consumers? With the imposition of the AIDC on petrol and diesel, the Basic Excise Duty (BED) and Special Additional Excise Duty (SAED) rates have been reduced so that the consumer does not bear any additional burden, Finance Minister Nirmala Sitharaman said while presenting the Union Budget 2021-22. February 01, 2021 / 04:05 PM IST An Agriculture Infrastructure and Development Cess (AIDC) of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel has been proposed in the budget. (Representative...

Privatisation of public sector units flayed Updated: Updated: ‘No announcement on revoking freeze on DA’ Share Article ‘No announcement on revoking freeze on DA’ It is a budget encouraging privatisation of public sector units, according to Southern Railway Mazdoor Union. In a statement, its assistant divisional secretary V. Ramkumar said that the Union Budget was anti-labourers. Implementation of the budgetary proposals would do away with the Life Insurance Corporation. The new Agriculture Infrastructure and Development Cess on fuel would lead to price rise. However, there was no ...

Budget 2021: Why petrol, diesel prices won't increase despite new agri cess Union Budget 2021-22 news: The government has imposed a steep agriculture infrastructure and development cess (AIDC) of Rs 2.5 per litre on petrol and Rs 4 per litre on diesel but has cushioned it with a commensurate reduction in excise duty on the two fuels to not burden consumers Sumant Banerji | February 1, 2021 | Updated 16:10 IST Agri cess budget 2021: To make up for the cess, basic excise duty on petrol has been revised to Rs 1.4 per litre from Rs 2.98 per litre and on diesel from Rs 4.83 per litre to Rs 1.8 pe...

Budget 2021: What's costlier, what's cheaper? While the government has reduced customs duty on gold and silver, gold and silver dore bar, among others, it has proposed an Agriculture Infrastructure and Development Cess (AIDC) on them. BusinessToday.In | February 1, 2021 | Updated 18:14 IST Like every Budget, the finance minister also announced changes in tax and duty on many items. Finance Minister Nirmala Sitharaman on Monday presented the Union Budget 2021-22. The government emphasised more on healthcare, infrastructure in the Budget, while giving no particular relief for middle class in t...

Union Budget farmer friendly, PM Modi devoted to their welfare: Amit Shah ANI | Updated: Feb 02, 2021 00:58 IST New Delhi [India], February 2 (ANI): Union Home MinisterAmit Shah on Monday hailed Union Budget 20-21 as agriculture sector friendly and lauded Prime Minister (PM) Narendra Modi for his devotion towards the welfare of farmers. "PM has been working for the welfare of farmers from day one. Numerous efforts were made to double the farmers' income, taking this link forward...Ensuring Minimum Support Price at one and a half times the cost shows the c...