DTC Bill may not be passed in our tenure: P. Chidambaram

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DTC Bill aims to consolidate direct tax legislation & will eventually replace Income Tax Act, 1961, Chidambaram said. PTI DTC Bill aims to consolidate direct tax legislation & will eventually replace Income Tax Act, 1961, Chidambaram said. PTI
Summary'DTC Bill aims to consolidate direct tax legislation and will replace Income Tax Act, 1961'

we faced,” Chidambaram said.

This led to a sharp slowdown in the economy, the first casualty being investment, the finance minister said.

“But in the last 17 months, we have taken a number of corrective steps. Clearly, the prospects are India will get into 6 per cent plus growth rate in 2014-15. The latest projections by World Bank are India will grow 6.2% next year,” he said.

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