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The Finance Minister, Mr Pranab Mukherjee, on Sunday raised the direct and indirect tax collections targets for current financial year, indicating that the Government was keen on consolidating its finances.
Addressing a review meeting of CBDT and CBEC in Chennai, the Minister said that direct tax collection target is been raised by 4 per cent over the budget estimate. This would imply that the direct taxes collection target for 2010-11 will now stand at Rs 4.47 lakh crore as against a budget estimate of Rs 4.3 lakh crore.
Mr Mukherjee has also raised the indirect tax collection target for 2010-11 by 7 per cent. This would imply that the indirect tax collection target for 2010-11 would be Rs 3.37 lakh crore as against the earlier BE level of Rs 3.15 lakh crore.
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