..........The decision was taken in principle at a meeting between Finance Minister P Chidambaram and RBI Governor Raghuram Rajan. Economic Affairs Secretary Arvind Mayaram was also present. Pawan Goenka of Mahindra & Mahindra met Revenue Secretary Sumit Bose to push for lower tax on sports utility vehicles and lower interest rates on auto loans. Chidambaram will soon meet heads of public sector banks to impress upon them the need to lower interest rates in select sectors........
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