Will Rs 10 Excise Duty Cut Cost Over Rs 1.6 Trillion To Centre’s Exchequer?

The central government’s latest excise duty cut of Rs 10 on both fuels diesel, and petrol is likely to cost the administration’s exchequer ~0.5% of GDP, which translated between Rs 1.6 trillion to Rs 1.8 trillion.What Has Transpired?The government announced an Rs 10 per litre cut

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