Other Economic development

vGovernment of India constituted committee to hike Pay scale  to please  80 Lakhs Government Employees 

 

v Reserve Bank of India bans all type of  “ 0% “ consumer financing schemes , till now offered by Banks 

 

v Indirect Tax collection has grown  at  a very slow pace of  4.1%  during April ~August period  of FY 14

 

v Government  has set target  of USD 90 Billion Indirect Tax collection in FY 14 at a growth rate of  19%  

 

v Indian Banking sector Loan & Deposit grown better in April ~Sept 13  against last year ( Loan @ 10.1 & Deposit @ 9.3%)

 

v Fiscal deficit has touched 74.6% of the full year target in the first five Months of FY14   ( last year 65.7% )