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  • Feb
    09
    RBI issues guidelines on accepting foreign contribution
    By PTI

    The RBI today issued guidelines which stipulates that entities have to get themselves registered with the central government before accepting any foreign contribution and banks will have to forward the

  • Feb
    08
    Indirect Tax collection up 15% during Apr-Jan, FY12
    By PTI

    Indirect tax collection jumped 15 per cent in the April-January period to Rs 3. 17 lakh crore and the revenue department has said it hopes to meet the Budget target

  • Revenue deficit: CBDT chief writes to top I-T officials
    By PTI

    Terming the set revenue target of Rs 5. 32 lakh crore as "non-negotiable" CBDT Chairman Laxman Das has written to top Income Tax officials in the country asking them

  • Direct tax collection to miss budget estimates
    By PTI

    With the direct tax collection growing at a slower pace of 9 per cent this fiscal so far, the government is likely to miss the revenue mop up target for

  • Feb
    06
    Fiscal consolidation needed for stimulating growth: RBI
    By PTI

    Making a strong case for promoting fiscal consolidation in the forthcoming budget, the Reserve Bank today said that it was necessary to stimulate growth.
    "We can't discount the importance of

  • RBI slightly relaxes FX curbs for banks with big open positions
    By Reuters

    The Reserve Bank of India (RBI) has marginally relaxed limits on net open foreign exchange positions for many banks that had large open positions before the central bank imposed restrictions

  • RBI slightly relaxes FX curbs for banks with big open positions
    By Reuters

    The Reserve Bank of India (RBI) has marginally relaxed limits on net open foreign exchange positions for many banks that had large open positions before the central bank imposed restrictions

  • Feb
    05
    Govt may lower STT in budget to boost markets
    By PTI

    The Finance Ministry is likely to reduce Securities Transaction Tax (STT) on equity trade in the forthcoming Budget in a bid to boost the capital market despite pressure to improve

  • PAN to be most potent tool against tax evasion: I-T dept
    By PTI

    Come next financial year, the PAN card is likely to become the most potent tool for the Income Tax Department to unearth black money, tax evasion and instances of criminal

  • Feb
    02
    RBI can't be inflation targeter: Subbarao
    By PTI

    The Reserve Bank today said that it cannot work as inflation targeter, as it will not serve the best interest of macroeconomic management.

    "The Reserve Bank can't be an inflation

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