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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 curtain-raiser: Nirmala Sitharaman faces her tryst with destiny While Nirmala Sitharaman’s immediate predecessors - the late Arun Jaitley, P Chidambaram, Pranab Mukherjee - faced many economic headwinds during their time, the enormity of the challenges faced was perhaps not even close to what she sees in front of her right now. Finance Minister Nirmala Sitharaman. A pandemic which damaged the global economy, the deepest quarterly contraction in Independent India’s history, the first annual contraction in four decades, the second highest number of COVID-19 cases worldwide, mill...