Fuel price reduction Niti Aayog says find fiscal space ONGC has questions.
Even as GDP growth figures issued by the Central Statistics Office Thursday showed that the ongoing recovery strengthened in the last quarter of 2017-18, there are concerns over whether the rebound can be sustained amid surging oil prices.
As global oil prices continue to surge, the government’s key policy advisor is of the view that states have to take the lead in cutting duties while the Centre needs to first find the fiscal space before it can slash taxes on fuels.
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