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RBI intervention likely in 6-12 months to mop up excess moneyThe Finance Minister today revised the direct tax collection target for 2009-10The prime minister's economic advisory panel has been reconstituted and former central bank governor C Rangarajan has been reappointed as its chairman, a government statement said on Tuesday.STT removal in Direct Taxes code finds favour with market playersCorporates expected RBI to intervene in the next 6-12 months to suck out excess liquidity from the banking system, which meant increase in key-short term rates, a J P Morgan survey said on Wednesday. Non-taxable incomes | Fact sheet | VideoNew Tax code: Pay 10% tax for salary up to Rs 10 lakhThe removal of Securities Transaction Tax (STT) proposed in the new Direct Taxes Code may prove beneficial for market
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