 "fiscal deficit")
Rising oil prices that have shot up over 21 per cent in the past one month to hit $105 a barrel recently in the backdrop of the ongoing Russia – Ukraine geopolitical conflict spell trouble for the Indian government and can upset its fiscal math.
ALSO READ: WPI inflation eases to 12.96 pc in Jan; food prices harden
ALSO READ: WPI inflation eases to 12.96 pc in Jan; food prices harden
According to a report by the economic wing of State Bank of India (SBI), rising crude oil prices can burn a hole as big as Rs 1 trillion in government’s coffers in fiscal 2022-23 (FY23). Despite the rise in oil
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