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The government of India has recently …

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The government of India has recently increased VAT on petrol and Diesel. How would it impact fiscal deficit of government and general price in the state of Delhi?

    • Posted by Dhruv Gupta 6 years, 2 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Neha _ 6 years, 2 months ago

    Increase in VAT increases the price of Petrol and Diesel as a result revenue receipt of government increase and it will help in solving the problem of deficit demand to some extent Increase in VAT increases general price

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