The GST Council, at a two-day meeting, accepted recommendations for rate rationalisation made by different groups appointed by it, resulting in tax changes.
The government on Saturday announced a record Rs 8 per litre cut in excise duty on petrol and Rs 6 per litre reduction on diesel.
The excise duty cut will translate into a reduction of Rs 9.48 a litre on petrol in Kochi and Rs 7.42 per litre on diesel after taking into account its impact on other levies.
Union Finance Minister Niramala Sitharaman said the government has decided to slash excise duty on fuel.
Her ministry is the nodal authority for approving the recommendation of the Central Board of Trustees of Employees' Provident Fund Organization.
The BJP returned to power in Manipur by winning 32 seats in the 60-member house in the recent assembly elections.
She was speaking at the annual Asia Economic Dialogue organised by the Ministry of External Affairs and think-tank Pune International Centre.
The finance minister was on a two-day post-Budget outreach programme in the country's financial capital, starting Monday.
RBI Governor Shaktikanta Das said that Digital Rupee or Central Bank Digital Currency is internally under discussion between the RBI and the government.
Liquor policy changes are becoming hot topics even in states like Bihar and Andhra Pradesh, where state elections are years away.