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Current a/c deficit has to be capped: Ahluwalia

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India's current account deficit has to be capped at 3% of the country's gross domestic product () to sustain high economic growth, the deputy chairman of the Planning Commission, Montek Singh , said on Friday.

The current account gap for the current fiscal year that ends on March 31 is projected to widen to 3.6% of GDP from 2.7% a year ago, according to estimates released by the .

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Govt won't question tax residency certificates

The Finance Ministry today clarified that Tax Residency Certificate (TRC) issued by Mauritius would be accepted by the tax authorities.

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