Quick Summary
Real GDP growth in 2021-22 stands at 8.7 per cent, 1.5 per cent higher than the real GDP of 2019-20 Central Government reduced Central Excise duty on petrol and diesel to boost consumption and keep inflation low As per provisional estimates released by National Statistical Office (NSO), Indian
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited News Access
BEST VALUE
2 YEAR PLAN
3,499
(Inclusive of GST)
1 YEAR PLAN
1,999
(Inclusive of GST)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The government reduced excise duty on petrol and diesel to boost consumption, keep inflation low, and provide relief to the poor and middle-income classes.
The reduction in excise duty on petrol and diesel came into effect from May 2022.
Excise duty on petrol was reduced by Rs. 8 per litre, and on diesel by Rs. 6 per litre.
Yes, according to provisional estimates, the Indian economy in 2021-22 has fully recovered to the pre-pandemic real GDP level of 2019-20.
The real GDP growth in 2021-22 stood at 8.7 per cent, which is 1.5 per cent higher than the real GDP of 2019-20.
Other measures include an increase in customs duty on gold imports, imposition of cess on domestic crude, and cess on exports of diesel and aviation turbine fuel.
CAclubindia
