India scraps export tax on low grade iron ore, some steel intermediates https://ift.tt/nCkD8re the notification, which takes effect on Saturday, the government also removed export tax on some steel intermediates from 15%, also imposed in May.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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