India’s fuel excise duty cut is a timely move to curb inflation and bolster consumer demand amid global turmoil. Experts believe this proactive step, similar to COVID-19 responses, offers a cushion for consumers and oil companies.
Finance minister Nirmala Sitharaman assures fiscal vigil amid oil spike
India’s Finance Minister Nirmala Sitharaman is boosting efforts to raise funds and control the fiscal deficit. The government is protecting citizens from rising crude oil