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"The current growth rate is higher than the target rate of 15.32 required to achieve the Budget Estimate," Minister of State for Finance Santosh Kumar Gangwar said in a written reply in the Rajya Sabha.
The government aims to collect Rs 9.8 lakh crore through direct taxes in 2017-18.
He said the government has taken several initiatives to boost economic activity in the country and several measures were announced in the Budget 2017-18.
Replying to another question, Gangwar said the number of cyber crimes pertaining to credit card, ATM, debit card and internet banking shows a marginal increase of 4.4 per cent from 13,083 in 2014-15 to 13,653 in 2016-17.
He said the Reserve Bank has mandated banks to put in place a board approved cyber-security policy, which covers the risks threats and the measures to address these risks.