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: VAT RATES :: VAT Audit :: list of goods taxed at 4% :: cpt :: TDS :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: empanelment :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: Central Excise rule to resale the machines to a new company
 
 
General »
 While filing tax in India, NRIs do not have to report overseas assets
  Clarification regarding applicability of Section 16 (1)(a) of the Companies Act. 2013 with reference to cases under corresponding provisions of Companies Act. 1956 -reg.
 SH. VISHWA NATH GUPTA Vs. PRINCIPAL COMMISSIONER OF INCOME TAX CENTRAL, KANPUR AND ANR.
 No tax scrutiny of big transaction if it matches income
 Clarification regarding applicability of Section 16 (1)(a) of the Companies Act. 2013 with reference to cases under corresponding provisions of Companies Act. 1956 -reg.
  Home loan tax reliefs often missed by taxpayers
 Income tax department launches online facility for linking Aadhaar and PAN
 Home loan tax reliefs often missed by taxpayers
 Tax headache in India is a bonanza for global accounting firms
 Activities To Be Treated As Supply Even If Made Without Consideration Under CGST ACT
  Haryana Goods and Services Tax Bill passed

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