Centre for Science and Environment (CSE) has slammed the new budget proposal to cut taxes on cars with fuel-guzzling and polluting SUVs enjoying the biggest slash.
In last year's budget, finance minister Chidambaram had, responding to the crippling energy crisis, hiked the excise on SUVs from 27 percent to 30 percent. But this year, buckling under pressure from the automobile industry, he has cut excise across all vehicle segments.