The Government of India imposed an Agriculture and Infrastructure Development Cess of ______ per litre on petrol through Union Budget 2021-22.
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. ₹2.5
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The Government of India imposed an Agriculture and Infrastructure Development Cess of ₹2.5 per litre on petrol through Union Budget 2021-22 to improve agricultural infrastructure in the country.
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There's an immediate need to improve agricultural infrastructure to produce more, while conserving and processing agricultural output efficiently. This will raise income for farmers. There will be no additional burden on consumers due to cess on fuel as the Centre has reduced the basic customs duty.