Centre#39;s excise duty cut on petrol, diesel to cost Rs 45,000 crore to exchequer: Report
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Going by the overall consumption, the costs of the surprise move which came after months of concerns over high payouts at filling stations for the entire fiscal will come at Rs 1 lakh crore or 0.45 per cent of GDP, economists at Japanese brokerage Nomura saiCentre#39;s excise duty cut on petrol, diesel to cost Rs 45,000 crore to exchequer: Report
Going by the overall consumption, the costs of the surprise move which came after months of concerns over high payouts at filling stations for the entire fiscal will come at Rs 1 lakh crore or 0.45 per cent of GDP, economists at Japanese brokerage Nomura said in a report. Read more

