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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: ACCOUNTING STANDARDS :: VAT Audit :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: due date for vat payment :: empanelment :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: cpt :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4%
« News Headlines »
 CBDT releases Income Tax Return statistics for last two fiscals
 CBDT issues second round of Certificates of Appreciation to tax payers for their contribution towards Nation building
 FinMin looks at cut in corporation tax
 Draft Rules for prescribing the method of valuation of fair market value in respect of the trust or the institution-Chapter XII-EB of the Income-tax Act, 1961- reg.
 India is moving towards a flawed GST
 ICAI to organise two-day international conference in Hyderabad
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers

FinMin to raise funds for eleventh plan: Montek
November, 08th 2006

Planning Commission deputy chairman Montek Singh Ahluwalia on Tuesday put the ball in finance ministrys 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 ministrys ability to raise finances for the next plan," Mr Ahluwalia replied promptly when asked about ministrys reservations on maintaining high tax buoyancy during the next plan period on the sidelines of 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 12.5 % annual growth in non-tax resources was 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 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 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 $ 310 billion investment for in infrastructure sector to increase baseline investment in the sector up from 4.7% of GDP to 8%.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

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