Russian govt opposes Gazprom tax, duty hikes-source

MOSCOW, July 29 Wed Jul 29, 2009 8:32pm IST

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MOSCOW, July 29 (Reuters) - The Russian government has declined a proposal by the Finance Ministry to increase a tax on gas extraction and gas export duty in a bid to protect gas giant Gazprom's (GAZP.MM) revenues, a government source told Reuters.

"A decision was taken not to do it. Yes, the money has already been included in the budget. Gazprom is promising to make up for it in other ways, in particular, through an increase of gas deliveries abroad," the source said on Wednesday. (Reporting by Darya Korsunskaya; writing by Gleb Bryanski)

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

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