The risk of the fiscal that fuel cuts bring

UPSC Practice recommends The risk of the fiscal that fuel cuts bring.

The revenue forgone on duty reductions on petrol and diesel is expected to be in excess of ₹1 lakh crore for the fiscal year. Add to this an extra ₹1.1 lakh crore for fertiliser subsidy and ₹80,000 crore for an extension of food security,

Courtesy: ET Editorial-Opinion-Economic Times

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