{"id":497465,"date":"2022-06-09T11:52:47","date_gmt":"2022-06-09T06:22:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=497465"},"modified":"2022-06-09T11:52:47","modified_gmt":"2022-06-09T06:22:47","slug":"rbi-governor-shaktikanta-das-bats-for-cut-in-state-taxes-on-petrol-diesel","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/rbi-governor-shaktikanta-das-bats-for-cut-in-state-taxes-on-petrol-diesel\/","title":{"rendered":"RBI governor Shaktikanta Das bats for cut in state taxes on petrol, diesel"},"content":{"rendered":"<p>NEW DELHI: Lending support to the Union government&#8217;s pitch for states to reduce sales tax (VAT) on petrol and diesel, Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday said a cut in VAT on fuel will help soften inflationary pressures as well as expectations.<br \/>\nThe central government had on May 21 cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 to give relief to consumers battered by high fuel prices that have also pushed inflation to an all-time high. At that time, it asked states to lower VAT to further provide relief. Almost no state reduced VAT.<br \/>\nAnnouncing the bi-monthly monetary policy, Das said a quick survey of urban households undertaken after the excise duty cuts on petrol and diesel on May 21 showed a significant moderation in their inflation expectations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Lending support to the Union government&#8217;s pitch for states to reduce sales tax (VAT) on petrol and diesel, Reserve Bank of India (RBI) governor Shaktikanta Das on Wednesday said a cut in VAT on fuel will help soften inflationary pressures as well as expectations. The central government had on May 21 cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 to give relief to consumers battered by high fuel prices that have also pushed inflation to an all-time high. At that time, it asked states to lower VAT [&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":[130,219,137],"tags":[],"class_list":["post-497465","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/497465","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=497465"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/497465\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=497465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=497465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=497465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}