The Centre on Saturday finally slashed excise duty on petrol and diesel by Rs 8 and Rs 6 per litre respectively. This will reduce the price of petrol by Rs 9.5 per litre and of diesel by Rs 7 per litre. Taking to Twitter, Finance Minister Nirmala Sitharaman said, "It [Excise duty cut] will have revenue implication of around Rs one lakh crore/year for the government." In this episode of the Business Tit-Bits, our Business Editor Mr Akhilesh Bhargava shares his take on the matter

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