Chandigarh, July 22: Rajya Sabha MP Raghav Chadha on Friday dared the Union government to explain why the common man is facing the brunt of inflation even though the central government’s income from excise duty collection alone was over Rs 16 lakh crore. years in the last six years.
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Chandigarh, July 22: Rajya Sabha MP Raghav Chadha on Friday challenged the Union government to explain why the common man is facing the brunt of inflation when in the last six years, the central government’s income only from excise duty collection has exceeded Rs 16 lakh crore. was more. years. Responding to a question raised by MP Chadha, the Union government disclosed in Parliament that the government has recovered over Rs 16 lakh crore from excise duty on petroleum products since 2016. The data showed that in the entire 2021-22 financial year, excise duty by the government from the petroleum sector stood at Rs 3.63 lakh crore, Rs 3.72 lakh crore in 2020-21, Rs 2.23 lakh crore in 2019-20, 2.14 lakh crore in 2018-19 crore, was Rs 2.29 lakh crore in 2017- 18 and collections in FY 2016-17 was Rs 2.42 lakh crore. He said, ‘In response to my question filed in Parliament, the central government has replied that in the last six years, the government has deposited more than Rs 16 lakh crore of excise duty.
Even after so much recovery, why is the general public of the country still having to buy petrol and expensive milk-curd-flour for Rs.100? Rise and unemployment. The Central Government has revealed that in the same six year period it collected Rs 16 lakh crore, the excise duty on petrol and diesel was increased by 5 times. The government has collected Rs 16 lakh crore through high fuel prices and still common man is forced to pay GST on food items. Questioning the intention of the BJP government on poor utilization of excise duty, he sought to know why the common man is not getting any benefit from such huge revenue collection.
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First published: July 22, 2022, 05:58:25 pm