News Business Credit offtake not taking place as expected: Jaitley

Credit offtake not taking place as expected: Jaitley

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

credit offtake not taking place as expected jaitley

PTI November 21, 2014 17:08 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.