CAG rebukes UP for high cost of tax collection

The Comptroller and Auditor General (CAG) rebuked the Uttar Pradesh government for higher cost of tax collection as compared to the national average. As per the the CAG Report: Gross collections related to trade tax/VAT receipts during 2008-09, 2009-10 and ..

Month: Current Affairs - June, 2012

Q4 GDP growth drops sharply to 5.3%, lowest in 9 years

Yearly economic growth of India dipped to a 9-year low of 5.3% in the January-March 2012 quarter. Even during the 2008-09, the year when India was facing the hit by the global financial meltdown, growth rate was higher at 6.7%. ..

Month: Current Affairs - June, 2012