Chamber thanks Centre for duty cut, asks TN govt to follow suit

CHENNAI: The local chapter of the Indian Chamber and Commerce and Industry on Monday thanked the Centre for the announcement of duty cuts to cool down prices of iron and steel, coal and plastic.

This would benefit user-industries and small-scale players that have been complaining of a jump in prices, Chamber president C Balasubramanian said in a statement here.

Thanking the government for also the reduction of excise duty on petrol and diesel which would ease inflation, he appealed to the Tamil Nadu government to reduce the price of fuels.