PF interest rate cut ruled out
Finance minister Yashwant Sinha on Tuesday said the Centre has no proposal at present to reduce interest rates on provident fund from the present 12%.

Finance ministry not to cut indirect-tax mopup target
The finance ministry is not in favour of scaling down the budget estimates for indirect tax collections due to the shortfall in duty realisations in the first seven months of the current financial year.

QRs may be lifted earlier than 2003
It is now certain that India will lift quantitative restrictions on the remaining agricultural, textile and industrial products between January 1, 2001 and January 1, 2002 -- much earlier than the scheduled date of March 31, 2003.


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