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    <title>Govt forwent Rs 1 lakh cr via excise duty cuts to shield consumers from fuel inflation: FM</title>
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    <description>Government revenue foregone through excise duty cuts on petrol and diesel was described as a consumer-protection measure used to cushion fuel inflation, while later retail fuel increases were attributed to market-driven revisions by oil marketing companies after a surge in international crude prices. The remarks also referred to the Reserve Bank of India&#039;s dividend transfer as arising from an established calculation process, and noted that exporters must adapt to sustainability requirements, traceability, fair labour practices, and the changing impact of artificial intelligence and automation on manufacturing.</description>
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