1 Rupee cut in excise duty on fuel may cost India fiscal deficit worth Rs. 13k crore: Moody’s

(G.N.S) Dt. 17 New York Pressure has been mounting on the government to cut excise duty on petrol and diesel to bring down their prices which have gone up following a spike in crude prices in the international market. Moody’s said India’s biggest challenge is its fiscal strength which is