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Inflation
climbs up to 2.53 pc |
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A sharp rise in vegetables
and fruits prices pushed up inflation by another 0.06 per cent
to 2.53 per cent for the week ended November 17 as compared
to 7.48 per cent in the same period previous year. |
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‘Raise
maximum rate of I-T to 35 per cent’ |
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Former director of the National
Institute of Public Finance and Policy and member 10th finance
commission Dr Amaresh Bagchi feels that personal income-tax
slabs should be restructured and maximum marginal rate of 30
per cent should be raised to 35 per cent for people in the higher
income bracket. |
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Long-end
securities rally further |
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The government securities market
witnessed another frenetic buying wave during the past week,
which drove the long-end yields to new historic lows, says I-Sec.
On the back of this liquidity-driven demand, the ten-year benchmark
touched a low of 7.84%. |
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Auto
export promotion council proposed for Tenth Plan |
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The government is proposing
to set up an export promotion council for the automobile industry
during the Tenth Plan to boost exports from the sector. The
Centre may also devise a scheme for setting up research and
testing facility jointly with the industry during the Plan period. |
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