Modi’s Fuel Gambit: Relief, Stability, and Political Timing
MS Shanker At a time when global energy markets are on edge, and supply chains are strained by the ongoing West Asia crisis, Prime Minister Narendra Modi has pulled off what many are calling a calculated “master stroke.” The decision to sharply reduce central excuse taxes on petrol—from ₹13 to ₹3 per litre—and effectively eliminate…
