Of the Rs11 billion about Rs6 billion will be arranged as loans from commercial banks backed by a sovereign guarantee

Estimates to be based on economic growth, inflation, audit and new taxpayers.

Lenders term fiscal framework ‘irrelevant’; deficit likely to hit 5% of GDP in 2012.

Tax body rejects companies’ request to get accounts audited by external auditors.

Major reason behind the increasing prices was supply hiccups and widening gap between demand and supply of food items.

Opportunities for women, rural areas rising; minister doubts the figures.

Confusion prevails over purpose and timing of the next IMF visit.

A finance ministry handout claimed that Ecnec had approved 15 projects of national importance costing Rs154.52 billion

Initial commerce ministry handout suggested a ban may have already been enforced before clarification of...

Official promises investigation of false reporting of numbers within 72 hours.