Govt likely to borrow more in 2013/14 - Business Standard
Market participants expect India, which faces general elections by early 2014, to raise gross borrowing to around 6 trillion rupees in the fiscal year that begins on April 1, up from 5.7 trillion in 2012/13. The higher borrowing could put pressure on bond yields.
Read more, click link.reuters.com/ram75t
India Inc looks for lower taxes, perception paramount - Moneycontrol.com
The finance minister needs to focus on growth, avoid proposals that create negative perception and note that lower taxes lead to higher collections.
Read more, click link.reuters.com/tem75t
Tax-free bonds to boost infrastructure investment - Hindustan Times
The government is expected to unveil a wide range of tax-free savings instruments in the annual budget on February 28 to channelise household funds into large infrastructure projects.
Read more, click link.reuters.com/gem75t
Fin Min asks taxmen for more efforts to meet target - PTI in Telegraph
Finance Minister P. Chidambaram on Tuesday asked custom, excise and service tax officials to step up efforts to achieve the 2012/13 target of 5.05 trillion rupees. Collections in the first eight months to November added up to 2.92 trillion rupees.
Read more, click link.reuters.com/vem75t
Defence Minister wants more funds for R&D - Indian Express
The government, which decided to cut defence modernisation budget by 100 billion rupees, should raise funding for research and development, Defence Minister A.K. Antony said.
Read more, click link.reuters.com/wem75t
Note: Reuters has not verified these stories and does not vouch for their accuracy.
(Compiled by Manoj Kumar in New Delhi; Editing by Ranjit Gangadharan)
Trending On Reuters
A long-awaited Indian bankruptcy code may soon win parliamentary approval, but struggling creditors – above all state banks trying to recover $100 billion in bad loans – shouldn't start celebrating just yet. Full Article | Factbox