Thursday 21 May 2015

Top Economy news of the day- May 21, 2015

The finance ministry constituted a high-level committee of three members to look into the applicability of Minimum Alternate Tax on Foreign Institutional Investors before April 2015.

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The finance ministry constituted a high-level committee of three members to look into the applicability of Minimum Alternate Tax on Foreign Institutional Investors before April 2015.

Indian economy is expected to expand at 8.5-9% over 10-15 year time frame once the structural issues hampering growth are addressed by the government, Finance Secretary said.

Finance Minister said inflation will not be a significant challenge though there is a possibility of below average monsoon and food prices getting impacted. 

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