Comments
Petrol and diesel in the country will be dearer by ₹ 2 a litre after Finance Minister Nirmala Sitharaman increased the Special Excise duty and Road and Infrastructure cess levied on auto fuels by ₹ 1 each.
In her maiden speech, Sitharaman announced Custom duty exemption on import certain parts of electric vehicles, and removed the exemption on electrical goods that are now manufactured in the country.
Sitharaman also said that a blueprint for a national gas grid, water grid, information-ways and airports will be unveiled. A gas import scheme for power plants is to be launched too.
Finance Minister Sitharaman said that there will be Investment linked exemptions under 35 A will be offered for those intending to manufacture solar charger, semi conductors, photovoltaic cells and electric vehicles in the country.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.