Fuel excise duty cut 'credit negative' for India, fiscal deficit may slip to 3.4%: Moody's

Times of IndiaFuel excise duty cut 'credit negative' for India, fiscal deficit may slip to 3.4%: Moody'sTimes of IndiaNEW DELHI: The excise duty cut on petrol and diesel is credit negative for India as it will reduce government revenue and increase fiscal deficit by 0.1 per cent to 3.4 per cent of GDP in the year ending March 2019, Moody's Investors Service said Tuesday.and more »

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