Budget 2025-26: CII calls for cut in excise duty on fuel, consumption vouchers to stir demand
NEW DELHI: Industry body CII in its budget suggestions for 2025-26 has recommended lowering the excise duty on fuel to boost consumption, especially at the lower income level, arguing that fuel prices significantly drive inflation. The budget could also consider reducing marginal tax rates for personal income up to Rs 20 lakh per annum. This…