Excise duty collection surges 48% in FY21

As the government has kept excise duty on petrol and diesel elevated amid the pandemic with a view to increase revenue, the total excise duty collection during April-November FY21 has surged nearly 48 per cent as compared to the year ago period. Continue Reading

Low inflation, falling growth leave more room for rate cut: RBI governor

The government has limited fiscal space to support growth, but low inflation can help the monetary authority ease policy rates further and help boost the economy that has badly lost its momentum, RBI governor Shaktikanta Das said yesterday. Continue Reading