Pegging the losses on account of duty cuts on petroleum goods at Rs 24,000 crore in 2011-12, the Finance Ministry today said it would take steps to restrict fiscal deficit to 4.6 per cent of the GDP.
“We are losing about Rs 24,000 crore (remaining nine months of 2011-12), and then Rs 10,000-11,000 crore loss will be of states (on account of devolution of tax receipts),” Finance Secretary Sunil Mitra told PTI.
From: http://ping.fm/AwKAf
Popular Posts
-
A moderate intensity earthquake today shook the Kashmir Valley but there were no immediate reports of any casualty or damage. “An earthquak...
-
The Balochistan High Court on Tuesday ordered the government to extradite former President Pervez Musharraf, former premier Shaukat Aziz and...
-
Panaji, Nov 17: In the backdrop of a slump in demand for the iron ore in his country, a senior Chinese embassy official today underlined the...
-
Government today released audio tapes of Joint Drafting Committee meetings on Lokpal Bill showing sharp differences and strong arguments bet...
-
Noted music composer Ismail Darbar, who is desirous of joining BJP, met Gujarat Chief Minister Narendra Modi on Friday. “Darbar expressed hi...
-
The national selectors will be forced to name a depleted Indian squad for the first two cricket one-dayers against England with many top pla...
-
Texting and talking on cell phones behind the wheel kills more than 5,000 people every year on US highways . Teen drivers seem to be especia...
-
In what can be seen as a relaxation in its ban on mining in ‘no-go’ areas, the Environment Ministry today cleared six coal blocks, including...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment