Latest Expert Exchange Queries

Make 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) | 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: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: VAT RATES :: empanelment :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: articles on VAT and GST in India
 
 
« General »
 NRIs’ overseas bank info needed only for tax refund
 Non-performance: I-T dept transfers 245 commissioners
 Income Tax efiling: Tax implications resulting from clubbing of income
 Guidelines for selection of cases for scrutiny during the financial-year 2017-2018-regd
  GST: How companies are gaming the system
 Goods And Services Tax transparency: Elimination of added taxes to boost investment in realty
 In a first, Income Tax department to charge govt official under new benami law
 Income Tax Return Filing: 10 common mistakes people make while filing return of income
 Income Tax efiling: A few essential facts for senior citizens to keep in mind
 Pre-GST discounts get Maharashtra 16% more sales tax in three months
 Here’s how self-employed should efile their taxes

Fundamentals strong, market crash due to FII pull-out: FM
November, 24th 2011

The government today asserted that India's growth and fundamentals are strong and attributed the bloodbath in the stock markets to global factors. "India's growth fundamentals are strong and they look more attractive in a world (which is ) confronting problems," Finance Minister Pranab Mukherjee said, adding that FII investments have been in the positive territory in October and November.
 
Mukherjee's statement comes in the backdrop of a sharp decline in Indian stock markets. The BSE benchmark Sensex today crashed 587 points in intra-day trade, before recovering to close 365 points lower at 15,699.97.

Earlier in the day, he had said that continuous withdrawal of funds by foreign investors and depreciation of the rupee are the major factors for crash of stock markets. "Markets have crashed because of continuous withdrawal of (funds by) FIIs.
There is still uncertainty prevailing in the Eurozone. Rupee depreciation also has adverse impact. All these cumulative effects are there," he said. In the past six trading sessions, foreign institutional investors (FIIs) have withdrawn USD 623 million (Rs 3,214 crore) from the equity markets.

During October and till November 22, FIIs have invested USD 634 million and USD 214 million, respectively. However, the FIIs today pulled out over USD 160 million from stock markets. Referring to the decline in the value of rupee, he said, "RBI is closely monitoring the situation and will do the needful as required."
Value of the Indian Rupee had touched an all-time low of 52.73 against the US Dollar yesterday, but recovered today to trade around 52.12 per dollar.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Publishing Management System PMS News Management System Publishing Management System Development Online News Management System for media company custom Publishing management system development Survey management system Market Res

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