Kerala FM has today revealed some figures on taxes collected on petrol and diesel. If they are wrong, the Union FM must issue a rejoinder

The numbers reveal that Rs 3,72,000 crore wad collected in 2020-21 as excise duty, cess and additional excise duty.

Of this huge sum, only Rs 18,000 was collected as basic excise duty and 41% of that amount was SHARED with the states The remaining amount of Rs 3,54,000 crore went to the Centre

This is the model of ‘co-operative federalism’ practised by the Modi government!

Besides, where and how and on what was this humongous amount of Rs 3,54,000 crore spent?

One part was used to fill the hole created by reducing corporate taxes and giving the corporates a bonanza of Rs 1,45,000 crore

p chidambaram – former union finance minister