Economic and Corporate Developments-Key note-15.3.10

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Economic and Corporate Developments

·      Finance Minister has made a case for raising the Tax-GDP ratio to a "reasonable level" of 12-14% to enhance the government's capability to fund social sector scheme.

·      WPI based inflation rose 8.31% for the month ended February from the year before, defying forecasts and increasing pressure on the RBI to further tighten monetary policy.