Fuel price hike: Sitharaman says ‘India can’t afford fear mongering’; govt may lose Rs 1 lakh crore revenue
Union finance minister Nirmala Sitharaman on Monday said that reducing excise duties on petrol and diesel would lead to a revenue loss of around Rs 1 lakh crore. She also stressed the need to give confidence to people and that "India cannot afford fear mongering."Her remarks came as fuel prices saw a fresh round of hikes, marking the fourth increase…
Key Insights
- This topic is currently trending
- Experts are closely monitoring developments
- It may impact future decisions
