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New agri cess to be carved out of Centre's money, won't burden consumers: Nirmala Sitharaman to Network18


New agri cess to be carved out of Centre s money, won t burden consumers: Nirmala Sitharaman to Network18
The Union finance minister said that to compensate for the additional cess, the government has reduced the excise duty component, resulting in no additional cost for the public
FP Staff
February 01, 2021 22:37:30 IST
Nirmala Sitharaman during the interview with Network18. News18
Union Finance Minister Nirmala Sitharaman clarified on Monday that the new agriculture infrastructure and development cess which was announced during the budget on Monday won t be passed on to the consumers or states as it has been carved out of the additional excise duty imposed by the Central Government on certain goods such as petrol and diesel. ....

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Union Budget 2021: Offline retail hard hit by pandemic; seeks relief in taxation, rationalisation of licensing process


Union Budget 2021: Offline retail hard hit by pandemic; seeks relief in taxation, rationalisation of licensing process
All eyes are now on how Budget 2021 will address the expectations and challenges faced by the Indian retail sector.
Paresh Parekh
January 27, 2021 06:19:56 IST
A consumer durables store. Image courtesy Metc123/Wikimedia Commons
Year 2020 has witnessed huge uncertainties and challenges for nations across the globe including India. Economic activities were severely affected for a few months as India imposed several lockdowns to deal with the outburst of the pandemic.
Brick and Mortar Retail, which is India’s third-largest sector, has been one of the worst-hit sectors owing to the ongoing pandemic with companies having undergone complete shutdown of their outlets, low consumer footfalls, etc. On the contrary, e-commerce ....

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