No change in excise duty sharable with states, entire burden is borne by Centre, a loss of Rs 1 lakh crore, says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman has said that the loss is only to the central government in the reduction of excise duty on fuel in the country. There is no change in the basic excise duty on the states. However, Nirmala Sitharaman said that the central government suffers a loss of Rs 1 lakh crore. The Union Minister explained this on Twitter.
May 22, 2022