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Govt may have some flexibility to lower excise duty: ICRA

If oil prices move up sharply in future, that might result in under recoveries in absence of timely pass through to consumers. In that scenario, Govt may have some flexibility to lower excise duty instead of passing on entirely to consumers, says K Ravichandran, Sr. VP, Co-head, Corporate Sector Ratings, ICRA.
Budget 2012-13: Marginally negative for market, says Bonanza

Rakesh Goel, senior VP, Bonanza Portfolio says that the Budget 2012-13 had more negatives than positive for the market.

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Govt may have some flexibility to lower excise duty: ICRA

Budget 2012-13: Marginally negative for market, says Bonanza