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 STANDARDS :: VAT Audit :: empanelment :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: form 3cd :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: cpt
 
 
« News Headlines »
 Want To File Revised Income Tax Return? Or File Belated Return? 5 Things To Know
 Deadline for filing revised or belated income tax return for past two assessment years is March 31
 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?

FM hints at belt tightening
November, 14th 2006
In yet another indication of his priorities for Budget 2007-08, Finance Minister P Chidambaram today hinted at hard decisions on managing government expenditure. 
 
As we make further progress in fiscal consolidation, the softer options for scaling back committed expenditures or increasing revenues are getting diminished. We now have to take hard decisions to restructure certain expenditures, to choose between important but competing priorities for allocation of scarce resources and maximise available public resources by enlisting private resources wherever feasible, Chidambaram said. 
 
The finance minister, who last week said the government planned to re-examine existing tax incentives, today said a major rebalancing was required to improve the composition of the public expenditure portfolio. 
 
The comments came in the backdrop of an increase in non-Plan expenditure in the current financial year. 
 
Chidambaram made these comments at a Defence Finance and Economics seminar here today, where he pointed out that the defence sector could emerge as one of the key growth drivers of the Indian economy, which grew at 8.4 per cent in 2005-06. 
 
Terming the macroeconomic environment as propitious, Chidambaram said high growth 
 
has provided the government the opportunity to assess economic and fiscal challenges for improving the current growth rate and ensuring flexibility to work out a credible strategy for meeting the challenges of the economy. 
 
In order to sustain and accelerate the growth momentum without compromising on macroeconomic stability, the finance minister said it was of utmost importance that the government continues on the path of fiscal consolidation. 
 
Pointing out that the virtuous cycle of savings, investment and growth has enabled India to sustain high growth rates, Chidambaram said there was still some dis-saving on the government account to the extent of 2.2 per cent of the gross domestic product in 2005-06. 
 
Governments dis-saving has to be fully reversed so that funds are available for investment in key sectors, Chidambaram added.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

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