Says turmoil in the currency market a result of the communication gap

Development comes as centre looks to cover shortfall in revenues due to US withholding CSF disbursements

Finance minister terms plunge as manipulation, central bank says market has adjusted

Country’s reliance on borrowing from commercial banks increased

Newly appointed official faces many challenges including delivering on tax collection target for FY18

Some critical schemes also have had their allocations curtailed in fiscal year 2016-17

Low prices of oil and commodities in international markets among reasons for low rate

Top hierarchy at tax machinery refuses to take responsibility, says government gave ‘liberal tax concessions’

President, PM and secretaries of finance and ED made respondents

Increased Chinese lending means limit breached by Rs112b; govt to now look at methods to cut spending