India Inc, traders and exporters have welcomed the Centre's move to slash excise duty on auto fuels and urged states to follow suit to provide more relief to consumers.
They said the price cut would lower inflation on account of lower cost of transportation.
"CII welcomes the government's move to cut excise duty on fuel, which will help bring down inflation levels. The government's swift action shows its intent to bring down the burden on the common man, in addition to bringing down input cost for many sectors," CII President Sanjiv Bajaj stated.
This story is from the May 23, 2022 edition of The Free Press Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the May 23, 2022 edition of The Free Press Journal.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
ARSENAL WIN LONDON DERBY
Turn up the heat on Liverpool and city in English Premier league title race
Rampant SRH eve another run-fest
Hosts are pushing the boundaries of T20 batting with their no holds barred approach
Pakistan: Family of man who lost life in mishap with CM Maryam's motorcade receives PKR 2.5 mn compensation
In response to the incident involving the protocol vehicle Chief Minister of Maryam Nawaz, the government has given a PKR 2.5 million cheque to the family of the deceased youth, who lost his life five days ago in the alleged accident, Dawn reported.
GERMANY TO RESUME AID SUPPLY TO PALESTINIANS
Assistance in Gaza was stalled aiter aid workers were recently killed
BHOPAL GETS MODI-FIED
ROAD SHOW from Malviya Nagar yee Ne Meh. ri-section to Nankane Petrol Pump Dat? otto ri-section continues for 25 minutes
'CONGRESS KI LOOT ZINDAGI KE SAATH BHI, BAAD BHI: MODI
Prime Minister Narendra Modi on Wednesday addressing a public rally in Surguja, Chhattisgarh took a dig at Congress citing the statement of inheritance tax on the country, said 'Congress ki loot zindagi ke saath bhi, zindagi ke badd bhi'.
BRS, BJP will lose deposits in Nalgonda seat: Uttam
Civil Supplies and Irrigation Minister N. Uttam Kumar Reddy declared that the Congress party will win the Nalgonda Lok Sabha seat by a record margin and that both the BRS and BJP candidates will lose their deposits.
KUMBHANI FACES FLAK
Dudhat condemned the perceived betrayal of the Congress and the people
Blasts damage Manipur bridge days before polls
Explosions took place in Kuki-dominated Saparmeina in Kangpokpi district
HUL profit dips 1.5% to ₹2,561 cr net sales flat at ₹15,013 cr
FMCG major Hindustan Unilever on Wednesday reported a 1.53 per cent decline in consolidated net profit to Rs 2,561 crore for the fourth quarter of FY24 on account of deflation due to softening of commodity prices.