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Economy & Policy » News » News
Reuters  |  New Delhi  February 24, 2012 Last Updated at 00:00 IST

Current a/c deficit has to be capped: Ahluwalia

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Read more on:    Ahluwalia | GDP | Prime Minister's Economic Advisory Council
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India's current account deficit has to be capped at 3% of the country's gross domestic product (GDP) to sustain high economic growth, the deputy chairman of the Planning Commission, Montek Singh Ahluwalia, 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 Prime Minister's Economic Advisory Council.

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Ahluwalia
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Prime Minister's Economic Advisory Council

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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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