India: Being between 'devil and deep sea': Chidambaram on states' situation after govt's excise cut on fuel
New Delhi, May 22 (PTI) Senior Congress leader P Chidambaram on Sunday wondered whether the states can afford to give up revenue from VAT on petrol and diesel unless the Centre devolves more funds or gives them more grants, likening their situation to being between the devil and the deep sea .
The former finance minister's remarks come a day after the government announced Rs 8 per litre cut in excise duty on petrol and Rs 6 reduction on diesel.