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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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GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Jun 03
19:30 Fed's Bostic speech 2
19:30 JOLTS Job Openings 2 7.391M 7.100M 7.200M Revised from 7.192M
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22:15 Fed's Goolsbee speech 2
22:30 Fed's Cook speech 2
Wednesday, Jun 04
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04:30 AiG Industry Index 2 -15
04:30 Ai Group Manufacturing PMI 1 -26.5
04:30 S&P Global Services PMI 2 50.5 50.5
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