Reduction in excise duty of fuel will have negative impact on fiscal health: Market Expert

Market expert Sunil Shah on Monday shared his views on rating agency Moody's caution on reduction in excise duty on petrol and diesel. Echoing Moody's caution, Sunil Shah said that reduction in excise duty of petrol and diesel would adversely affect overall fiscal health unless it is matched by a commensurate cut in expenditure.