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Credit offtake not taking place as expected: Jaitley

PTI 21 Nov 2014, 17:08:23 PM IST

November 21: Union Finance Minister Arun Jaitley today said that credit offtake is not taking place as expected and it is a cause for worry.

“We are on the verge of opening up insurance sector to foreign investment a little more,'' he said.

“We may achieve direct tax collection target; indirect tax remains a challenge,'' he added.

Unsustainable tax demand will not get us anything but a bad name, the minister said.