25 June
The GOI expects to collect $71 billion in income related taxes for 2008-2009, out of a total expected collection of $137 billion.
The LIC (Life Insurance Corporation of India) collected $30 billion worth of premium in the same period, with $10 billion being initial premium payments. LIC intends to invest $10 billion in Indian equities this year up from $8 billion last year.
Maybe LIC should advise the GOI on tax collections
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