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12 Oct
11:57

India industry body seeks excise duty tax cut to boost steel

The Associated Chambers of Commerce & Industry of India (Assocham) has called for a cut in excise duty to take India’s steel industry “…out of stress”. “The Reserve Bank of India (RBI) did show a great courage and slashed the policy interest rates which, however, did not get transmitted to the borrowers on earlier occasions,” Assocham says in a statement seen by Kallanish. Between September 2014 and August 2015 –…
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