West Bengal reduces tax on petrol, diesel by Re 1; move will give respite to people, says state finance minister
Earlier, Nirmala Sitharaman said that Centre and state governments will need to figure out a mechanism to bring retail rates down to reasonable levels.
The West Bengal government on Sunday announced a reduction of tax by Re 1 per litre on petrol and diesel effective from midnight.
According to a report by The Indian Express, state Finance Minister Amit Mitra, during a virtual news conference, said the move would provide respite to people affected by rising fuel prices, adding that he Centre earns Rs 32.90 per litre in taxes from petrol, while the state gets Rs 18.46 only. In case of diesel, the central government’s earning is Rs 31.80 per litre as against Rs 12.77 for the state, he said.
Mitra, during the press conference, said that cess accounts for a major part of the Centre’s levies in petrol and diesel, which is not shared with the state.
The Bengal government's move comes a day after finance minister Nirmala Sitharaman said that Centre and state governments will need to figure out a mechanism to bring retail rates down to reasonable levels.
Sitharaman, was, however, non-committal on cutting taxes to give relief to consumers.
The Congress and other Opposition parties have been slamming the Central government for rising fuel prices, with the Congress taking out marches and observing bands at several places on Saturday as a mark of protest.
Time for redressal of public grievances reduced to 30 from 45 days, citizens to be contacted for feedback: Centre
Union minister Jitendra Singh said the latest order mandates that the grievances received on the Centralised Public Grievance Redress and Monitoring System, an online portal, shall be resolved promptly as soon as they are received but within a maximum period of 30 days
By early recognition for the need to undertake supply-side measures and maximising the bang for the taxpayer buck on the demand side, India has been able to insulate itself in this time of great economic volatility globally
President Wickremesinghe made the remarks while presenting the government's policy statement during the third session of Parliament. He also thanked Prime Minister Narendra Modi for India's support to his country in the tough times