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Central: central tax duty on cut fuel subsidy of INR 200 per gas cylinder: key announcements made By FM Sitharaman | India news

New Delhi: Union government I decided to cut the central tax duty on Gasoline, diesel and will also providing support for Gas cylinders and finance minister Nirmala Sitharaman announced on Saturday, amid rising inflation.
“The government Dedicated to luxury of poor and we have taken a number of steps to help The poor and middle class. As a result, the Secretary of State said while announcing the cuts that average inflation during our tenure has remained lower than in previous governments.

here key announcements:
1. We lower the central tax duty on Gasoline is $8 per liter and on Diesel by Rs 6 per liter. This will reduce The price of Gasoline 9.5 rupees per liter and of Diesel at Rs 7 per liter. It will have an impact on revenue of About ₹ 1 lakh crores /year for The government.

The Secretary of State urged all state governments, “especially states where the reduction was not made during the last round (November 2021)”, to also Executing a similar cut and “give relief for common man”.

2. We will give subvention of INR 200 per gas cylinder (up to 12 cylinders) up to over 9 Crore Beneficiary of Pradhan Mantri Ujwala Yogana. “This will help Our mothers and sisters. This will have an impact on revenue of About Rs 6,100 crore a year, said the foreign minister.

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3. We also reduce customs duty on raw materials and mediators for Plastic products where our import dependency is high. This will result in shorthand of cost of final products.

4. Likewise, we calibrate customs duty on raw materials and mediators for iron and steel for reduce their prices. import duty on some raw materials of will be steel reduced. export duty on Some steel products will be charged.
5. Measures are being taken up to improve availability of Cement and through the best logistics reduce The cost of Builds.

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Sallie Anderson
Sallie Anderson
Sallie works as the Writer at World Weekly News. She likes to write about the latest trends going on in our world and share it with our readers.

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