Export Scam 2.0: Government has no fig-leaf left to cover itself

Discussion in 'Economy & Infrastructure' started by sehwag1830, Jan 4, 2012.

  1. sehwag1830

    sehwag1830 Tihar Jail Banned

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    As Firstpost reported in October, the official export data showed a 79 percent year-on-year export growth in 2010-11. Exports by engineering companies in the BSE 500 (the biggest companies in India) showed just 11 percent growth. The engineering export jump accounted for $30 billionn (up from $38 billion to $68 billion). The figures for the BSE 500 showed a jump of just Rs 61 billion (rupees, not dollars). Converted at the rate of $ 1= Rs 44, this is just $1.38 billion.

    Export Scam 2.0: Government has no fig-leaf left to cover itself | Firstpost
     
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