India extends excise duty concessions for automobiles by six months
NEW DELHI (Reuters) - India has extended excise duty concessions for automobiles, consumer and capital goods by six months to Dec. 31, Finance Minister Arun Jaitley told reporters on Wednesday.
The excise duty concessions, which were granted in February this year, were to have lapsed on June 30.
(Reporting by Rajesh Kumar Singh; editing by Malini Menon)
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The finance ministry is increasingly optimistic that it can meet a tough fiscal deficit target, helped by a 12 percent decline in global crude oil prices since Prime Minister Narendra Modi took charge in May. Full Article