During the first six months (up to the second quarter of the current fiscal) of 2009-10, the department of telecommunication has already collected Rs 4,112.30 crore (Rs 41.12 billion), minister of state for telecom and IT Gurudas Kamat said in a written reply to the Lok Sabha.
The pool was formed by non-life insurance cos in India in Apr '02.
According to market experts, the proposed buy-back may have a positive impact on the company's stock price.
The government has detected over Rs 1 lakh crore of undisclosed income in the last financial year, a figure more than double as compared to the search and seizure action undertaken by the Income Tax department during 2012-13 to check black money.
The insurance sector is going to get a big boost.
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