Higher tax mop-up makes finance ministry seek spending hike; to use it for roads, shipping, agriculture

New Delhi: The Ministry of Finance plans to counter slowdown in private expenditure by front loading public capital expenditure for current fiscal year, encouraged by a spike in indirect tax revenue growth of 39.2 per cent year-on-year during April-May 2015.

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Source:: http://www.ibef.org/news/higher-tax-mop-up-makes-finance-ministry-seek-spending-hike-to-use-it-for-roads-shipping-agriculture

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