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The attention of the Ministry of Finance is drawn to speculative reports in the media about the searches conducted at few places in Gujarat. The Central Board of Direct Taxes clarifies that the searches were conducted at few places in Gujarat as part of normal investigations carried out by the Income Tax Department in Gujarat. There is no basis for drawing any general or speculative conclusions from these searches.
Attention of the Government has also been drawn to the reports in certain sections of the media that Government has sent Joint Secretary (Capital Market), Department of Economic Affairs to take stock of the market situation. It is clarified that the visit of the Joint Secretary (Capital market) yesterday to Mumbai was to participate in the Board Meetings of the UTI AMC and the Central bank of India. After the meetings, he came back to Delhi yesterday night itself.
BSC/BY/NSR
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