It's a 'dharam sankat': FM Sitharaman on reducing fuel prices
Video Credit: ANI - Duration: 02:07s - Published
It's a 'dharam sankat': FM Sitharaman on reducing fuel prices
"I won't be able to say 'when' it is a 'dharam sankat,' said Finance Minister Nirmala Sitharaman when asked about reducing fuel prices during an event in Ahmedabad on February 25.
Nirmala Sitharaman said that there is revenue for both Centre and state and "it is no longer competitive." "You have an excise duty then you have VAT of the states that is percentage driven.
We can be picker about who earns more.
Everything that the Centre earns, 40% goes to the states.
So that is what we are left with of the total amount you see," FM added.
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Union Finance Minister Nirmala Sitharaman on Thursday said there should be less burden on consumers and both the Centre and states should talk with each other over reducing taxes on diesel and petrol..
Credit: HT Digital Content Duration: 04:16Published
Fuel prices in the country witnessed a rise for the 12th consecutive day. Speaking at an event, Finance Minister Nirmala Sitharaman said that the Centre and the states need to discuss and figure out a..
Credit: HT Digital Content Duration: 05:55Published
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