Higher taxes on super rich 'politically' correct move: Azim Premji

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SummaryIndia taxes income at three rates - 10 per cent, 20 per cent and 30 per cent

to decide on who should enter the banking space.

"There can be a non-corporate who can get into banking. But it is not clear who will be issued the new bank licenses," he said when asked whether the corporates should be allowed to set up banks.

RBI is in the process of finalising the guidelines for issuing new bank licences.

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