Govt excise duty cut on petrol diesel to cost 45000 crore to exchequer Nomura

 

Govt's excise duty cut on petrol, diesel to cost ₹45,000 crore to exchequer: Nomura

 

Excise duty cuts on diesel and petrol will cost ₹45,000 crore and lead to a 0.3% point widening on the fiscal deficit, Japanese brokerage Nomura said. The move for the entire fiscal will come at ₹1 lakh crore, it added. Centre on Wednesday announ...

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