New Delhi, May 23 -- The move by the Finance Minister Nirmala Sitharaman to slash excise duty on petrol and diesel to contain inflation has gone down well with Micro Small and Medium Enterprises (MSMEs).
It is a move in the right direction and will help ease the inflationary pressures in the economy, says Prashant Patel, President of Federation of Indian Micro and Small & Medium Enterprises (FISME).
But FISME is skeptical of reduction in surging prices of metals and plastics raw material in India.
According to FISME whenever the issues of high prices was raised with metal and plastics raw material manufacturers, they passed the buck on higher prices of their inputs.
FISME has been opposed to protection given to the large produ...