https://www.taxtmi.com/news?id=1198 India rejected a uniform banking-sector tax, citing strong regulation of its banks, absence of taxpayer-funded bailouts during the recent crisis, and existing measures such as the statutory liquidity ratio and cash reserve ratio; it favoured financial-sector reforms to enhance growth and stability while the G20 endorsed the principle that taxpayers should not pay for rescues and left the choice of mechanism to individual countries. en-us Fri, 30 Jul 2010 21:55:14 +0530 Fri, 30 Jul 2010 21:55:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1198 India rejected a uniform banking-sector tax, citing strong regulation of its banks, absence of taxpayer-funded bailouts during the recent crisis, and existing measures such as the statutory liquidity ratio and cash reserve ratio; it favoured financial-sector reforms to enhance growth and stability while the G20 endorsed the principle that taxpayers should not pay for rescues and left the choice of mechanism to individual countries. News - Fri, 30 Jul 2010 21:55:14 +0530 https://www.taxtmi.com/news?id=1198