Via PTI
NEW DELHI: Senior Congress chief P Chidambaram on Sunday puzzled whether or not the states can find the money for to surrender income from VAT on petrol and diesel except the Centre devolves extra price range or provides them extra grants, likening their state of affairs to being between “the satan and the deep sea”.
The previous finance minister’s remarks come an afternoon after the federal government introduced Rs 8 consistent with litre minimize in excise accountability on petrol and Rs 6 aid on diesel.
“The notification on aid of accountability on Petrol and Diesel is now to be had. FM used the phrases ‘Excise Responsibility’, however the aid is in Further Excise Responsibility which isn’t shared with the states. Therefore, opposite to what I mentioned the previous day, all the burden of the aid falls at the Centre. To that extent, I stand corrected,” Chidambaram mentioned.
The states are getting little or no by the use of proportion of tasks on petrol and diesel, he mentioned, noting that their income is from VAT on petrol and diesel.
“I wonder whether they are able to find the money for to surrender that income except the Centre devolved extra price range or gave them extra grants,” Chidambaram mentioned. The location is like being between “the satan and the deep sea”, he mentioned in a chain of tweets.
Petrol worth on Sunday was once slashed via Rs 8.69 a litre and that of diesel via Rs 7.05 consistent with litre following the federal government’s choice to chop excise accountability on auto fuels, giving reduction to shoppers battered via top gas costs that had driven inflation to a report top.
