Petrol hike pumps hope for India
Raising prices at petrol pumps is never likely to be popular. India's brave decision will also prove meaningless unless it is followed by bolder action to cut the more generous diesel subsidies. But the direction of travel is right and if the journey continues India could just turn a corner, writes Jeff Glekin. Full Article
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India Apr-Sept direct tax receipts up 29.3 pct y/y
NEW DELHI, Sept 30 |
NEW DELHI, Sept 30 (Reuters) - India's direct tax receipts during the April-September period rose a provisional 29.3 percent from a year earlier to 1.5 trillion rupees, a source at the finance ministry told Reuters on Tuesday.
Corporate tax collections were up 34.5 percent at 975 billion rupees, while income tax receipts rose an annual 22.7 percent to 460 billion rupees, the official, who did not wish to be named, said. (Reporting by Manoj Kumar, Editing by Mark Williams)
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