Srinagar Observer
Friday, June 2, 2023
  • Home
  • Top News
  • Kashmir
  • Jammu
  • Business
  • Sports
  • National
  • World
  • Editorial
    Assuring Crime Free Society

    Assuring Crime Free Society

    Stimulating Young Energy

    Stimulating Young Energy

    An Ethical Denial

    Beating Inflation

    Beating Inflation

    The Timely Exigence

    The Timely Exigence

    Extension in Academics

    Extension in Academics

     Aiding Healthcare

     Aiding Healthcare

    Development in Disguise

    Development in Disguise

    Gender-Free Conviction

    Gender-Free Conviction

    Banning Unauthorised Clinics

    Banning Unauthorised Clinics

  • Edit-Oped
  • ePaper
No Result
View All Result
Srinagar Observer
  • Home
  • Top News
  • Kashmir
  • Jammu
  • Business
  • Sports
  • National
  • World
  • Editorial
    Assuring Crime Free Society

    Assuring Crime Free Society

    Stimulating Young Energy

    Stimulating Young Energy

    An Ethical Denial

    Beating Inflation

    Beating Inflation

    The Timely Exigence

    The Timely Exigence

    Extension in Academics

    Extension in Academics

     Aiding Healthcare

     Aiding Healthcare

    Development in Disguise

    Development in Disguise

    Gender-Free Conviction

    Gender-Free Conviction

    Banning Unauthorised Clinics

    Banning Unauthorised Clinics

  • Edit-Oped
  • ePaper
No Result
View All Result
Srinagar Observer
No Result
View All Result
Home Latest

Union Finance Minister Nirmala Sitharaman reduces central excise duty on petrol and diesel

SO NEWS Desk by SO NEWS Desk
May 21, 2022
in Latest, Top News
A A
0
Union Finance Minister Nirmala Sitharaman reduces central excise duty on petrol and diesel
Share on FacebookShare on TwitterWhatsApp

NEW DELHI – Union Finance Minister Nirmala Sitharaman, on Saturday, announced a slew of measures to curb inflation, citing Prime Minister Narendra Modi’s commitment to help the poor and common man.

The measures included a ₹8 reduction in central excise duty per litre of petrol and a ₹6 cut in the duty on diesel.

RELATED POSTS

SANJY-2023:  DC Srinagar visits Yatra Transit Camp Panthachowk to oversee preparations for annual Shri Amarnath Ji Yatra-2023

Chairperson, J&K Hajj Committee reviews arrangements for Haj-2023

This will reduce the price of petrol by ₹8 per litre and diesel by ₹7 per litre, Ms. Sitharaman said, and cost the government about ₹1 lakh crore a year in terms of revenue foregone.

She exhorted all States, especially those that had not cut State levies when central taxes on fuel products were cut the last time in November 2021, to implement a similar cut and give relief to the common man.

“The PM has specifically asked all arms of the government to work with sensitivity and give relief to the common man,” Ms. Sitharaman said in a series of tweets.

A subsidy of ₹200 per gas cylinder for up to 12 cylinders a year, will be granted to over 9 crore beneficiaries of the PM Ujwala Yojana. “This will help our mothers and sisters and have a revenue implication of around ₹6,100 crore a year,” she said.

To rein in steel prices, the government is reducing the import duty on some raw materials and levying an export duty on some steel products. Measures are also being taken to improve Cement supplies and spruce up logistics to reduce cement costs. The notifications for all these measures, will be issued by the Centre within the next hour, the Finance Minister said.

These series of measures assume significance in the light of retail inflation spiralling to 7.8% in April, the highest since the NDA government assumed office in May 2014, and wholesale inflation hitting a multi-decade high of 15.1%

“Our government, since when PM Narendra Modi took office, is devoted to the welfare of the poor. We’ve taken a number of steps to help the poor and the middle class. As a result, the average inflation during our tenure has remained lower than during previous governments,” the minister said.

“Today, the world is passing through difficult times. Even as the world is recovering from Covid-19 pandemic, the Ukraine conflict has brought in supply chain problems and shortages of various goods. This is resulting in inflation & economic distress in a lot of countries,” she said, setting the context for the current inflationary pressures.

“Despite the challenging international situation, we’ve ensured that there are no shortages/scarcity of essential goods. Even a few developed countries couldn’t escape some shortages/disruptions. We are committed to ensure that prices of essential items are kept under control,” Ms. Sitharaman asserted.

Related

ShareTweetSend
SO NEWS Desk

SO NEWS Desk

Related Posts

SANJY-2023:  DC Srinagar visits Yatra Transit Camp Panthachowk to oversee preparations for annual Shri Amarnath Ji Yatra-2023

SANJY-2023:  DC Srinagar visits Yatra Transit Camp Panthachowk to oversee preparations for annual Shri Amarnath Ji Yatra-2023

by SO NEWS Desk
June 1, 2023
0

SRINAGAR JUNE 01 - In wake of forthcoming annual Shri AmarnathJi Yatra (SANJY)-2023, the Deputy Commissioner(DC) Srinagar, Mohammad Aijaz Asad on...

Chairperson, J&K Hajj Committee reviews arrangements for Haj-2023

Chairperson, J&K Hajj Committee reviews arrangements for Haj-2023

by SO NEWS Desk
June 1, 2023
0

SRINAGAR, JUNE 01 - The Chairperson, J&K Haj Committee, Safina Beigh today convened a meeting of officers at Haj House...

DC B’la distributes Passports/ other documents among Hajj Pilgrims at Dak Bungalow

DC B’la distributes Passports/ other documents among Hajj Pilgrims at Dak Bungalow

by SO NEWS Desk
June 1, 2023
0

1276 Pilgrims of Baramulla to Perform Hajj this Year BARAMULLA, JUNE 01 - To facilitate the intending Hajj pilgrims of...

DHSK observes World No Tobacco Day, nominates prominent citizens as anti tobacco ambassadors

DHSK observes World No Tobacco Day, nominates prominent citizens as anti tobacco ambassadors

by SO NEWS Desk
June 1, 2023
0

Smoking at public places declining in J&K: Secretary Health SRINAGAR, JUNE 01 - Directorate Health Services Kashmir (DHSK) observed World...

LG Sinha addresses World Milk Day Celebration, Summer Meet for Animal Husbandry and Dairy Sector

LG Sinha addresses World Milk Day Celebration, Summer Meet for Animal Husbandry and Dairy Sector

by SO NEWS Desk
June 1, 2023
0

SRINAGAR, JUNE 01 - Lieutenant Governor Manoj Sinha addressed the World Milk Day Celebration and Summer Meet for Animal Husbandry...

Next Post
India reports 2,11,298 COVID-19 cases, 3,847 deaths

J&K reports 15 new covid-19 cases, no death

War against terrorism is in final phase in J&K: Rana

War against terrorism is in final phase in J&K: Rana

Digital Edition

Srinagar Observer

Srinagar Observer is an English Newspaper based in Jammu and Kashmir

CATEGORY

  • Business
  • Edit-Oped
  • Editorial
  • Jammu
  • Kashmir
  • Latest
  • National
  • Photo Gallery
  • Sports
  • Top News
  • Uncategorized
  • World

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 9,214 other subscribers

Archives

No Result
View All Result
  • Home
  • About Us
  • Contact Us
  • Advertise

© 2021 Srinagar Observer - Designed by GITS.

No Result
View All Result
  • Home
  • Top News
  • Kashmir
  • Jammu
  • Business
  • Sports
  • National
  • World
  • Editorial
  • Edit-Oped
  • ePaper

© 2021 Srinagar Observer - Designed by GITS.