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.
The Centre earned only ₹12,037 crore from offloading equity holdings, merely 15% of the budgeted disinvestment target of ₹78,000 crore for FY22.