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 :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: ACCOUNTING STANDARD :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: cpt :: articles on VAT and GST in India :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: empanelment :: TDS
« Service Tax »
 Chidambaram says there cannot be multiple tax slabs in GST
 Service tax officials transferred for favouring realtor
 GST, a challenge and opportunity for accounting professionals’
 Service Tax On Hotels And Restaurants – Recent Delhi High Court Judgment
 GST Council discusses 4-tier tax rate, cess on demerit goods
 Why you shouldn’t miss these three simple tax saving options beyond Section 80C
 Determination of value for transactions between the Related parties under GST Laws.
 Higher collections can offset GST losses
 GST to subsume over a dozen Central, State taxes
 Incidence of indirect taxes won't go up under GST
 Advanced Budget date: Absence of a GST rate may present estimation challenges

Second generation reforms needed in various sectors: Assocham
November, 23rd 2011

Reminding the UPA-II government about the need to reverse the negative perception of a 'decision-making paralysis', industry body Assocham today made a pitch for second generation reforms in various sectors, including finance, banking, taxation and agriculture.

The negative perception of a 'decision-making paralysis' within the government must be reversed now, or else the opportunity would slip by, the Associated Chambers of Commerce and Industry of India (Assocham) said.

A uniform Goods and Services Tax, with a simplified and long-term Direct Taxes Code, can electrify business prospects, it said. This will restore business confidence and bring in foreign investors looking for robust bond and corporate debt markets, the chamber said in a statement.

Early implementation of market-driven pricing of oil products is imperative to reduce subsidy outgo and conserve oil and gas resources. The government must announce deadlines for introducing inclusion programmes like food security, universal healthcare, insurance and housing as well, ASSOCHAM said.

"This should help in re-connecting with people at large amid corruption scandals and perception of policy paralysis. It is important to gain people's confidence that the United Progressive Alliance means business. However, ways beyond tightening monetary supply must be explored to control upward spiralling inflation," it added.

The government must find a workable formula to acquire land for industries and create urban clusters, the chamber said.

The draft Land Acquisition Bill and R&R Bill should instill confidence among urban infrastructure developers, with the urban population set to reach half a billion by 2020-end, it said.

At the same time, the proposed law should compensate farmers with reasonable returns and they should be made partners in the process through employment and business opportunities, it said.

There cannot be a compromise on the 9 per cent-plus GDP growth target if poverty is to be reduced, Assocham said, adding that the linkage between the growth rate and poverty reduction was getting diluted in the public perception due to many external factors.

The growth-inflation conundrum has to be cracked and supply side issues must get precedence over monetary measures. In this context, multi-brand retail and supply chains with significant foreign investments would energise both farms and industries, as well as pull down consumer prices, it said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Internet Marketing Website Marketing Internet Promotion Internet Marketing India Website Marketing India Internet Promotion India Internet Marketing Consultancy Website Marketing Consulta

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