Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: VAT Audit :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: form 3cd :: VAT RATES :: empanelment :: list of goods taxed at 4% :: TDS :: Central Excise rule to resale the machines to a new company
 
 
« News Headlines »
 Quarterly GST returns filing may be extended to all companies
 How many times one can revise tax returns?
 Income tax exemption for FY19
 How will the new provisions really work?
 How to save income tax? Best tips for young earners
 Forgot to verify your income tax return? Here's help
 Notification of Government e-Marketplace (GeM) under section 138 of the Income-tax Act
 Income tax returns can be filed even if you missed deadline
 What is the difference between a tax return and a tax refund?
 Improving tax compliance in India
 How to invest in the new LTCG tax regime

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 2018 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