1 per cent infrastructure cess on petrol, CNG and LPG cars, 2.5 per cent on small diesel cars and 4 per cent on bigger diesel cars and SUVs announced
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Finance Minister Arun Jaitley is presenting his ministry’s third budget today at the
Union Budget 2016
. The FM proposed the “nine pillars of the transformation plan to address the growth issues across society”. Important announcements include the plan to apply an additional 1 per cent cess on “luxury cars” - that would be applicable to all cars costing over Rs 10 lakh.
Also, private players will now be allowed to venture into the public transport sector….
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