Get latest articles and stories on India at LatestLY. Tamil Nadu Chief Minister M K Stalin on Tuesday accused the BJP-led Union government of imposing a kind of economic crisis on all state governments by taking away the states rights. India News | TN CM Attacks Centre, Takes Veiled Swipe Against Gyanvapi Row.
breaking news, breaking news india tv, breaking news today, delhi rains, pm modi in tokyo, russia ukraine war, mariupol, imran khan, gyanvapi verdict, petrol diesel prices, fuel price cut, excise duty, congress, bjp
"The revenue collection through VAT (which is levied on ad valorem basis) will also dip automatically. State officials have informed me that we will suffer a loss of around Rs 500 crore (annually),” the CM said. 📰 Chhattisgarh to Suffer Rs 500 Crore Loss Due to Centre s Excise Duty Cut on Petrol & Diesel, Says CM Bhupesh Baghel.
Fuel Prices Cut: Senior Congress leader P Chidambaram today said whether the states can afford to give up revenue from VAT on petrol and diesel unless the Centre devolves more funds or gives them more grants.
The Congress on Saturday accused Finance Minister Nirmala Sitharaman of "befooling'' people after she announced an excise duty cut on petrol and diesel and said people needed relief instead of jugglery of figures.