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Central Government will give immediate relief of Rs 2.50 per liter on petrol and diesel

New Delhi:4/10/18:To make petrol-diesel cheaper, the government has taken a big step. Finance Minister Arun Jaitley on Thursday announced the reduction of excise duties on petrol and diesel by Rs 1.5 a liter. At the same time, oil marketing companies (HPCL, BPCL, IOC) will reduce their rates by 1 rupee. In this way, the Central Government will give immediate relief of Rs 2.50 per liter on petrol and diesel.

The state also reduced VAT – Finance Minister on Thursday said that we cut all petrol-diesel rates by Rs 2.50 per liter in VAT from all the State Governments. All states will be written about this. So that consumers can get relief of Rs. 5 per liter immediately on petrol and diesel.

The impact of the 10500 crore on the public exchequer – The Finance Minister said that if the deduction in excise duty remains for the full year, then the effect of 21 thousand crore rupees will be on the public exchequer.

However, if there are six months remaining in this financial year, then its government will have a burden of Rs 10,500 crore. It will have a difference of fiscal deficit of 0.05 percent for the current financial year. It would be easy to maintain it. That is, it will not have any effect on the fiscal deficit target.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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