{"id":447582,"date":"2021-11-05T11:12:45","date_gmt":"2021-11-05T05:42:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=447582"},"modified":"2021-11-05T12:20:33","modified_gmt":"2021-11-05T06:50:33","slug":"centres-excise-duty-cut-on-petrol-diesel-to-cost-exchequer-rs-45000-crore-says-nomura","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/centres-excise-duty-cut-on-petrol-diesel-to-cost-exchequer-rs-45000-crore-says-nomura\/","title":{"rendered":"Centre&#8217;s excise duty cut on petrol, diesel to cost exchequer Rs 45,000 crore, says Nomura"},"content":{"rendered":"<p>The excise duty cuts on diesel and petrol will cost Rs 45,000 crore and lead to a 0.3 percentage point widening on the Centre&#8217;s fiscal deficit, a foreign brokerage said on Thursday. Going by the overall consumption, the costs of the surprise move &#8211; which came after months of concerns over high payouts at filling stations &#8211; 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.<\/p>\n<p>For the remaining months of the ongoing FY22, the cost will come at Rs 45,000 crore, which leads to an upward review of the fiscal deficit target.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The excise duty cuts on diesel and petrol will cost Rs 45,000 crore and lead to a 0.3 percentage point widening on the Centre&#8217;s fiscal deficit, a foreign brokerage said on Thursday. Going by the overall consumption, the costs of the surprise move &#8211; which came after months of concerns over high payouts at filling stations &#8211; 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. For the remaining months of the ongoing FY22, the cost will come at Rs 45,000 crore, which [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-447582","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/447582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=447582"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/447582\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=447582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=447582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=447582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}