States have capacity and must cut duty on petrol: NITI
As regards the Centre, NITI Aayog vice chairman Rajiv Kumar said they have the fiscal space and need to create more to deal with the problem of rising oil prices. "The centre has fiscal space and it can create more fiscal space on the non-tax revenue side. Because last year we did very well. We exceeded the Budget target. May be this year also we can do that," Kumar asserted.
NITI Aayog vice chairman Rajiv Kumar said that it is important for them (states) to agree 10-15 per cent duty cut and take home the same amount of tax revenue as budgeted. Image source:twitter