CII seeks excise duty cut in fuel, hike in minimum wages

Selling price of petrol and diesel was last revised in March by govt-owned oil marketing cos

- Rituraj Baruah

The Confederation of Indian Industry (CII) has suggested excise duty cuts in petrol and diesel and a hike in key minimum wages in the upcoming Union budget to boost consumption amid high inflation.

In a statement on Sunday, the industry body said it wants to see targeted interventions to boost consumption, especially at the lower income level, including an increase in the daily minimum wage under the Mahatma Gandhi National Rural Employment Guarantee Scheme and raise in the annual payout under the PM-KISAN scheme.