Kejriwal reduces price of Diesel by massive Rs 8.36 in Delhi; VAT down from 30% to 16.75%

In a big decision by the Delhi government, Value Added Tax (VAT) on Diesel has been reduced from 30 percent to 16.75 percent, the Delhi Chief Minister Arvind Kejriwal announced in his press briefing on Thursday, while calling it a big step in taking the economy of Delhi forward.

“The rates of Diesel will be reduced by Rs 8.36 per litre in the national capital. The diesel that was sold at Rs 82 until yesterday will now be sold at Rs 73.64,” Kejriwal said.

Chief Minister said many industries, businessmen and traders were demanding a reduction in the prices of diesel, because the prices were affecting the budget of the people, and impacting the trade and businesses.

"I believe, this decision will be beneficial in giving a push to the economic activities in the national capital. In the last one week, we have taken several measures to boost the economy of Delhi. On Monday, I had announced that the street vendors and hawkers in Delhi are facing many difficulties, and subsequently, the street vendors were allowed to operate their businesses in the city," Kejriwal added.

In order to restore the financial capacity of the national capital, the Chief Minister also appealed to traders and said, "I want to appeal to all the shopkeepers, traders, and industrialists to open their shops and industries, maintain social distancing, wear masks but restart their operations and work. In the coming days, I will be meeting many industrialists and traders through video conferencing on Zoom and will try to resolve any issues that they are facing."

Kejriwal also spoke about his initiative of the job portal launched on Monday by Delhi Government. The portal is a free service by the Delhi government and job-aspirants need not pay any money to anyone. 

Kejriwal also spoke about the recently launched job portal which acts as a platform between businessmen, traders and industrialists, whose factories and businesses were shut down due to migration of labour and people who want to work but they do not know where to find the right opportunities for them. To bridge the gap between job providers and job seekers, we started a portal 'Rozgaar Bazaar' and have received a massive response on the portal, said Kejriwal

Speaking about the portal, Kejriwal said, "I am very happy that it has just been three to four days since we have started the job portal. Around 7577 companies have registered on the job portal, 2,04,785 jobs have been advertised here, and 3,22,865 job seekers have applied in the portal. I was watching on a TV channel that an owner of a jeans manufacturing unit said that he had a staff of 35 people in the unit, out of which only 3 are still working and the rest had left the job. He said that he was not finding manpower due to which he was not able to restart his manufacturing unit. He posted 35 job vacancies on the Delhi govt's job portal, and has received more than 190 calls who are ready to work in the unit. I believe that our economy will receive a major push," added the CM.