The LTU in Mumbai will come up next month, while in the national capital it will be opened in April, Chidambaram said inaugurating the country's second LTU in Mumbai on Sunday. The first LTU was set up in Bangalore in 2006.
Buoyed by a 60 per cent growth in income tax collection in Mumbai, Finance Minister P Chidambaram on Friday said he expected the country's financial capital to do even better in the next fiscal.Mumbai is the third city to have an LTU after Bangalore and Chennai. Delhi and Kolkata would be the next centres to have LTUs which provide single-window to corporate to pay all central taxes.
India are well-placed to pocket a few medals in the World Youth Chess Championship, with Grand Master R Praggnanandhaa all but likely to lead the charge with a gold medal.
Sachin Tendulkar sent out a warning to the teams participating in next year's cricket World Cup in Australia and New Zealand, saying they need to watch out for defending champions India.
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