In the ongoing monsoon session, the Ministry of Oil has informed the Parliament that excise revenue from fuel prices has risen tremendously. This came as a justification as to the amount of money that the Centre has made over the past few years. According to the data presented in the Parliament, the government earned Rs.53,000 crore in 2013-14 which was just 4% of the total revenue; this percentage has now gone up to 12%. This shows how much the government is depending on the revenue from excise on fuel during the current times. Watch the full video to know the whole story!
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