Ratings agency Moody's says reducing excise duty on petrol, diesel will adversely affect India's fiscal deficit

Economic TimesRatings agency Moody's says reducing excise duty on petrol, diesel will adversely affect India's fiscal deficitFirstpostAccording to government estimates, every rupee cut in excise duty on petrol and diesel will result in a revenue loss of about Rs 13,000 crore. Observing that fiscal consolidation would be closely watched for assigning the sovereign rating, Moody's said ...Excise duty cut in oil to impact fiscal deficit badly: Moody'sEconomic TimesExcise Duty Cut In Oil To Impact Fiscal Deficit Badly, Says Moody'sBloombergQuintall 10 news articles »

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