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: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: VAT Audit :: due date for vat payment :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: TDS :: ACCOUNTING STANDARDS :: VAT RATES
 
 
News Headlines »
 10 most important income-tax changes which will apply from April 1
 10 Income Tax Rules That Will Change From April. See Details Herea
 Looking for last-minute tax planning with Section 80C investments? Here's help
 Aadhaar mandatory for filing income tax return
 Will Aadhaar linkage solve India's income tax woes?
 GST roll out from July 1 will make goods cheaper: Jaitley
 Aadhaar To Be Mandatory For Filing Income Tax Return, PAN Application
 7 best tax-saving solutions which can help you save money
  No proposal to replace Income Tax with Banking Cash Transaction Tax
 How to Make Tax Saving Investments Less Taxing with an SIP in ELSS
 NRIs having only investment income may not file tax returns

'Finmin has the might to raise funds for Plan projects'
November, 08th 2006

Planning Commission deputy chairman Montek Singh Ahluwalia on Tuesday put the ball in finance ministry's court to organise adequate resources for funding all flagship programmes of the government during the Eleventh Plan period.

"We have high confidence in the finance ministry's ability to raise finances for the next plan," Mr Ahluwalia replied promptly when asked about ministry's reservations on maintaining high tax buoyancy during the next plan period on the sidelines of the Economic Editors' Conference.

In its comments on the approach of Eleventh Plan before a meeting of full Planning Commission, finance minister P Chidambaram suggested that maintaining tax buoyancy of 1.25% over a five-year period and a 12.5% annual growth in non-tax resources were difficult. The Plan document has assumed this level of buoyancy for maintaining an average growth of 9% during the Eleventh Plan.

While Mr Ahluwalia did not elaborate further on this, he said that number-crunching was still on before Eleventh Plan document was finalised and placed before the National Development Council (NDC) in December.

To another question, Mr Ahluwalia endorsed the human resource development ministry's stand for allocating 6% of GDP in the education sector and asked both the Centre and states to pool in more resources.

He, however, said that the HRD ministrys demand was nothing new and earlier the Kothari Committee too had asked for it. "The 6% figure is very old. It is a target which we still hope to achieve and want to do it as soon as possible," said Mr Ahluwalia adding that nothing has been finalised on the matter yet.

The deputy chairman said that the country needed $310bn investment in infrastructure sector to increase the baseline investment in the sector up from 4.7% of the GDP to 8%.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

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