Fuel duty cuts will contain inflation, worsen fiscal balance: Nomura
Nomura says the impact of fuel excise duty cut is not enough to change their CPI inflation projection for FY23, but its impact on fiscal deficit is more certain.
Nomura says the impact of fuel excise duty cut is not enough to change their CPI inflation projection for FY23, but its impact on fiscal deficit is more certain.
Fuel excise duty cut will have a revenue implication of ₹1 lakh cr a year. Subsidy on LPG will have a revenue implication of ₹6,100 cr a year.