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: due date for vat payment :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: VAT RATES :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: VAT Audit :: empanelment :: list of goods taxed at 4% :: TDS :: form 3cd :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« General »
 Why consumers should welcome GST
 Retailers need to file single GST return every month
 Aadhaar is must for income tax returns if you have one; Here's how you can file it online
 Will it be a tax haven above the law?
 Your mutual fund investment tax efficient? Here are 3 steps to ensure utmost efficiency for your portfolio
 Finally a goods and services tax. But what lies ahead?
 Tax May Rise On Outbound M&As, Indian Mncs’ Investments
 Filing income tax return? Do remember to claim benefits on your reimbursements
 Banks will have a hard slog ahead to get GST-ready
 Clarification regarding applicability of Section 16 (1)(a) of the Companies Act. 2013 with reference to cases under corresponding provisions of Companies Act. 1956
 Introduce indemnity clauses with suppliers on tax compliance: Expert

Finance minister: We could soon be back to 9% growth
November, 15th 2010

Finance minister Pranab Mukherjee on Sunday told a gathering of international CEOs here that the environment was conducive for the economy to revert to 9% growth.

The FM's assertion comes at a time when industrial growth plunged to a 16-month low of 4.4% in September and inflation remains at worying double-digit level.

Mukherjee, however, said, "In the short term, it is reasonable to expect that the economy will go back to the robust growth path of around 9% average that it was before the global crisis slowed (it) down in 2008." He said the challenge now is to find the means to cross the double-digit growth barrier in the coming year or two.

Though manufacturing growth has not been impressive in the latest industry data, the FM was of the opinion that the sector has been "showing buoyancy reminiscent of the pre-slowdown year".

For the second consecutive month this fiscal, industry performed poorly in September. Its growth plummeted to 4.4% in September after 6.92% in the previous month. Manufacturing sector, comprising almost 80% of Index of Industrial The Economic Times (IIP), grew at a slower rate of 4.5% in September, against 8.3% a year ago.

Mukherjee said, "Savings and investment rates have reached levels that even 10 years ago would have been dismissed as a pipe dream for India." He said these indicators were some of "the strongest co-relates of growth and do not fluctuate... they speak well for India's medium growth prospects".

While talking about inclusive growth, the FM said, "We are acutely conscious that if our efforts (on inclusive growth) have to bear fruit, we have to tackle issues of governance and service delivery."

Indian economy grew at an average rate of 9% during 2004-05 to 2007-08. After the global financial crisis, it slowed down to an average growth of 7% during 2008-09 and 2009-10. In the first quarter of this fiscal, economic growth rebounded to 8.8%.

This fiscal, the government expects GDP to grow by 8.5%. Talking about various reforms, Mukherjee said the government has decided to set up financial stability and development council, financial sector legislative reforms commission to rewrite financial sector loss.

He said efforts are under way to introduce new indirect tax (GST), while the direct taxes code has been unveiled to replace the archaic income tax act.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

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