Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ACCOUNTING STANDARD :: TDS :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: form 3cd :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: VAT Audit
 
 
« News Headlines »
 Filing of online return for 4th quarter of 2016-17 — extension of period thereof
 CBDT simplifies ITR filing process from FY18
 Govt extends service tax return filing date to April 30
 No move to tax farm income, clarifies Arun Jaitley
 New board for indirect taxes to become operational from June 1
  9 changes that came into effect from April 1
 First time filing income tax? Here's all you need to know about Form 16 and Form 26AS
 New Opening Financial Controller Chartered Accountant (Manufacturing Plant) A Leading Company
 Income Tax Filing 2017: All you want to know about the single page ITR form SAHAJ
 How to benefit from investments in tax saving mutual funds
 60 per cent of income tax notices on fishy cash deposits returned

Sensex sometimes surprises me, sometimes worries me
October, 13th 2007
Copious capital inflows reason behind the sharp increase: Chidambaram



Mr P. Chidambaram

The Finance Minister, Mr P. Chidambaram, on Friday said that the recent steep rise in stock market indices to record highs worried him sometimes, even as he asserted that the more than anticipated capital inflows were an important reason behind the sharp rise in share prices.

The rather steep rise in Sensex sometimes surprises me, sometimes worries me. Our assessment is that Sensex is driven by copious inflow of funds from number of sources. I dont think fundamentals have changed so rapidly from day to day to warrant such a steep rise, Mr Chidambaram said at Hindustan Times Leadership Summit here today.

The Finance Minister also said that speculators are to some extent taking advantage of the rise in Sensex. The benchmark Sensex extended its decline, after the Finance Ministers observations, to close at 18,419.04, down by 395.03 points from the previous days close.

Outside comfort zone

On the rupees rise to nine-year highs against the US dollar, the Finance Minister said the current level was outside the Governments comfort zone and that exchange rates have to be managed without hurting investments.

We have to maintain competitive exchange rate. I agree that these capital inflows are more copious than we would like them to be. Its a new situation. I think we will gain mastery over the new situation.

Budget

Meanwhile, he told the gathering that he expects to present the Union Budget (in February) and that he would stick to the reformist course.

It will be a Budget which will continue the effort we made in the four budgets. There is no reason to change the course. On the contrary, we must remain on the course and I will remain on the course, he said, when asked whether the Budget would be a populist or a reform-oriented one.

Stating that the UPA Government has delivered 8.6 per cent growth rate on an average, he said the most pessimistic projection for this fiscal was 8.5 per cent and that he did not see any reason for changing the course.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System developers CMS developers Content Management Solutions CMS Solutions CMS India Content Management System India CMS development India Website CMS Website Content Management India Portal CMS India CMS Outsourcing CMS Vendor Complete CMS Custom CMS Services

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions