Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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: due date for vat payment :: empanelment :: articles on VAT and GST in India :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: ACCOUNTING STANDARDS :: TDS :: VAT RATES :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
« Budget Extravaganza »
 Seeks to amend certain customs notifications in pursuance to change made in Budget 2017-18.
 New look finance ministry team to frame contours of Budget 2018
 How presenting the Budget early seems to be paying off already
 Budget advancement helps Centre, states start spending early
 Five things that you can expect from the Mumbai civic budget today
 GST all set for July 1 rollout but casts shadow on state budgets
 Income-Tax collection revised in Rajasthan budget
 No new taxes likely in Maharashtra Budget
 H.P. budget devoid of any financial prudence
 GST, demonetisation todecide budget priorities
 Railways to come up with mini-budget tomorrow

Budget deficit to rise to 5% of GDP: Moody's
October, 04th 2011

The Governments budget deficit for fiscal 2011-12 will be around 5 per cent of GDP, rather than the 4.6 per cent projected by the Budget, as revenue growth will decelerate over the rest of the year and expenditure growth will prove hard to curb, according to Moodys Investors Service.

The credit rating agency warned that in the second half of the fiscal, indirect as well as direct tax collections are likely to suffer from a moderation in economic activity; global uncertainties will slow trade activity and high domestic interest rates will likely curtail corporate profitability.

The current buoyancy in gross tax collections reflects still-high nominal GDP growth as well as strong trade performance in the first half of the fiscal year, it said in a statement. On the expenditure side, Moodys assessed that relatively high global oil prices and rupee depreciation will cause the Governments oil subsidy to surpass initial estimates. Interest payments, which account for over 20 per cent of total government expenditure, may also exceed Budget projections.

Govt borrowing plan

Further, unfavourable equity market environment will impede the Governments plan to earn Rs 40,000 crore from disinvestment in state enterprises and use it to finance the deficit. Referring to the fact that the Government will be borrowing Rs 2.20 lakh crore, which is about 30 per cent more than market expectations, in the remaining six months of fiscal 2011-12, the agency said this development is credit negative as increased issuance will raise Government borrowing costs in the near term.

In combination with a likely widening of the Budget deficit over the course of the year, it suggests a slower path to fiscal consolidation, said Ms Atsi Sheth, Vice-President, Sovereign Risk Group, Moody's.

The Government has already issued Rs 2.5 lakh crore in bonds this year, so market borrowing by the Central Government for fiscal 2011-12 will total Rs 4.7 lakh crore against the Rs 4.17 lakh crore projected by the Budget in February.

Increased government bond issuance announced last week will ultimately lead to increased overall Government debt outstanding, rather than simply a shift in debt composition, that is, Small Scale Savings scheme providing less and bonds contributing more in budgetary financing, Moodys said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Team

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