Inflation hits common man

From Wednesday, the cost of most services, including eating out and your Uber ride, will go up at 0.5% of the total bill with the introduction of a new Krishi Kalyan Cess. This cess will be levied in addition to the prevailing service tax rate of 14.5%. After introducing the 0.5% Swachh Bharat Cess in November, the Union Finance Minister announced in this year’s Budget that the government would levy a Krishi Kalyan Cess to finance activities related to agriculture and build a fund for the welfare of the farmers.

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