October 5, 2018
How first cut in fuel prices in a year could strain finances
Source-indianexpress.com A cut in excise duty on petroleum products will put a strain in central government finances unless it is followed by a commensurate reduction in expenditure. Reducing government spend when growth rates are just about firming up is not on Finance Minister Arun Jaitley’s mind, but tax collections so far do present a challenge in meeting the