The Finance Ministry indicated that the revised Direct Taxes Code draft may stick to denying tax sops to special economic zones (SEZs), even as Commerce Minister Anand Sharma assured that the interests of investors will be protected.
Finance Minister Pranab Mukherjee today said the Reserve Bank will decide on a further hike in its lending and borrowing rates at the quarterly review meeting on July 27. “The RBI Board will come up with its policy on July 27. Let us wait till then,” Mukherjee told newspersons here when asked whether there would be any further hike in the repo and reverse repo rates of the RBI.
