Total tax collection in Mumbai (including corporate tax and income tax) for the June-September quarter has risen 13.5% to Rs755bn
RBI Governor raised the repo rate by 25 basis points to 7.5%. The rate on the marginal standing facility was cut 75 basis points to 9.5%. The minimum daily cash reserve ratio to be maintained was cut to 95% from 99%. (ET)
The Power Ministry is likely to give the state electricity boards of Karnataka, Jharkhand and Bihar a breather by allowing them to convert their outstanding loans, till March 2013, into bonds as part of an amendment to the discom debt restructuring package. (BS)
Total tax collection in Mumbai (including corporate tax and income tax) for the June-September quarter has risen 13.5% to Rs755bn, according to data collated by the I-T Department. (ET)
The Cabinet approved a 10% hike in dearness allowance, which will benefit about 5mn central government staff and 3mn pensioners. The hike will be applicable from July 1.
RBI Governor raised the repo rate by 25 basis points to 7.5%. The rate on the marginal standing facility was cut 75 basis points to 9.5%. The minimum daily cash reserve ratio to be maintained was cut to 95% from 99%. (ET)
The Power Ministry is likely to give the state electricity boards of Karnataka, Jharkhand and Bihar a breather by allowing them to convert their outstanding loans, till March 2013, into bonds as part of an amendment to the discom debt restructuring package. (BS)
Total tax collection in Mumbai (including corporate tax and income tax) for the June-September quarter has risen 13.5% to Rs755bn, according to data collated by the I-T Department. (ET)
The Cabinet approved a 10% hike in dearness allowance, which will benefit about 5mn central government staff and 3mn pensioners. The hike will be applicable from July 1.
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