Budget 2025-26: CII calls for cut in excise duty on fuel, consumption vouchers to stir demand

The Confederation of Indian Industry (CII) recommends reducing excise duty on fuel and lowering personal income tax rates to boost consumption and tackle inflation. CII also suggests increasing benefits and unit costs under key government schemes like MGNREGS and PM-KISAN, and introducing consumption vouchers for low-income groups to stimulate demand.