Discover and read the best of Twitter Threads about #Cess

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#DidYouKnow the different kinds & amount of cess that Govt of India collects (which are not shared with State Govts)?
Govt gives this data in #RajyaSabha
Particularly the increase in road & infrastructure cess is whopping!
See details below👇
This #ParliamentQuestion asked by MP Dr. Sasmit Patra also asked why Central Govt not considering sharing cess with State Govts, to which Govt quoted Article 270 of #Constitution
See response here -…

#Parliament #ParliamentWinterSession
And in response to this #ParliamentQuestion, Govt gave #data on utilisation of #cess collected for various purposes -…
Read 3 tweets
This year's central road and infrastructure cess is expected to top Rs. 4.5l crore.

The Agri infra development cess will collect 50k crore.

We are taxing the present very heavily to invest for the future.

From 2018-19 to now, this allocation to Central road and infra fund has more than quadrupled. It was 90k cr in 2018-19.

#Cess has been the major National capex funder for our country.
The fuel cess was raised significantly in 2020 by reducing excise duty. This was one of our economic responses to the Covid crisis. Money was moved from divisible central pool to the infra fund.

This was aimed at force-spending on infra. Rapid Asset creation was the goal.
Read 8 tweets
Finance Minister Nirmala Sitharaman presents #Budget2021, follow this thread for live updates.

#BudgetWithCNBCTV18 #LIVE
#LIVE | Finance Minister: Preparation of budget was undertaken in an environment like 'never before'

#BudgetWithCNBCTV18 #Budget2021
#LIVE | Finance Minister: Global economy, which was slowing down, was pushed into uncertainty due to COVID-19. The risk of not having a lockdown was far more, far too high.

#BudgetWithCNBCTV18 #Budget2021
Read 105 tweets

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