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Tuesday, December 1, 2009

Revenue receipts not to be bouyant till FY12 - FM

India's revenue receipts may not rise as a percentage of the gross domestic product (GDP) till fiscal 2011/12, Finance Minister Pranab Mukherjee told parliament on Tuesday.

India's tax-to-GDP ratio stood at 12 percent in the fiscal year to March 2009, Mukherjee said, before falling in the aftermath of the financial crisis.

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