{"id":398507,"date":"2021-02-02T11:35:26","date_gmt":"2021-02-02T06:05:26","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=398507"},"modified":"2021-02-02T11:35:26","modified_gmt":"2021-02-02T06:05:26","slug":"new-agri-infra-cess-wont-impact-customers-but-states-stand-to-lose","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/new-agri-infra-cess-wont-impact-customers-but-states-stand-to-lose\/","title":{"rendered":"New agri-infra cess won\u2019t impact customers, but states stand to lose"},"content":{"rendered":"<p>NEW DELHI : The government on Monday introduced a new agriculture infrastructure development cess (AIDC) on petrol, diesel and several other imported items. Finance minister Nirmala Sitharaman assured it won\u2019t place any additional burden on consumers.<\/p>\n<p>However, following the introduction of the cess, states are likely to lose some revenue. Currently, the Centre shares 41% of its total tax revenue with states. But surcharges and cesses are not included in this pool.<\/p>\n<p>\u201cThere is an immediate need to improve agricultural infrastructure so that we produce more, while also conserving and processing agricultural output efficiently. This will ensure enhanced remuneration for our farmers,&#8221; Sitharaman said in her budget speech.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : The government on Monday introduced a new agriculture infrastructure development cess (AIDC) on petrol, diesel and several other imported items. Finance minister Nirmala Sitharaman assured it won\u2019t place any additional burden on consumers. However, following the introduction of the cess, states are likely to lose some revenue. Currently, the Centre shares 41% of its total tax revenue with states. But surcharges and cesses are not included in this pool. \u201cThere is an immediate need to improve agricultural infrastructure so that we produce more, while also conserving and processing agricultural output efficiently. This will ensure enhanced remuneration for [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-398507","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/398507","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=398507"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/398507\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=398507"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=398507"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=398507"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}