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Prabhu eggs finance ministry not to scrap tax holiday for exporters
The commerce ministry has urged the finance ministry to continue with the 100% tax deduction allowed for exporters under Section 80-HHC of the Income-Tax Act, 1961. Analysts said the move comes in the wake of projected setback for exports.
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Public-sector giants set to tap debt market
Gas Authority of India Ltd (GAIL), Indian Railway Finance Corporation (IRFC) and National Capital Region Planning Board (NCRPB) plan to raise Rs 885 crore from the debt market through five seven year bonds. The coupon rates on these instruments have not yet been finalised. All three debt floats have been rated AAA (SO) Crisil.
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