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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: empanelment :: VAT RATES :: form 3cd :: list of goods taxed at 4% :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: cpt :: VAT Audit :: Central Excise rule to resale the machines to a new company
 
 
« General »
 Confusion over GST persists: Wholesale grain market affected, sales fall by 40 percent in Pune
 Slow tax growth reflects companies' GST troubles
 What is PAN card? Why is it important?
 Govt to cut down executive discretion on tax laws
 Businesses can start filing July returns on GSTN from August 5
 Are you earning abroad? Know the tax rules
 Attention last minute tax filers! Know about key changes made by govt this year
 Accounting relief for IndAS companies
 How you can reduce your tax to zero if you have income within Rs 10 lakh
 NRIs’ overseas bank info needed only for tax refund
 Non-performance: I-T dept transfers 245 commissioners

Arun Jaitley pledges rational tax policy, changes in labour laws, fuel price deregulation and natural resources auctions
November, 10th 2014

India will pursue an aggressive reforms agenda over the next few months to help get the country back to a high-growth trajectory and on the radar of investors, finance minister Arun Jaitley said, promising a reasonable and rational tax policy that will not be "ultra-aggressive" to help further improve sentiment.

"Government has its plate full with respect to reforms for the next few months," Jaitley said in Delhi on Sunday. "Aggressive reforms will help India to grow faster... Hope India will get back on the investors' radar."

The government is looking to alter the land acquisition law as part of reform efforts and is in the last stages of discussions with states on changes to the constitutional amendment bill required for the long-awaited goods and services tax to become a reality.

Arun Jaitley pledges ‘rational’ tax policy, changes in labour laws, fuel price deregulation and natural resources auctions
The government has already embarked on changes in labour policy, fuel price deregulation and natural resources auctions among others.

Jaitley exuded optimism that the insurance bill, seeking to raise the foreign direct investment cap, will be passed in the upcoming session of Parliament.

Speaking at the India Global Forum organised by the International Institute for Strategic Studies, the minister said the Indian economy faces challenges but expects growth to improve next year.

"Economy was and is in a challenging situation and one of the principal challenges before us is to restore the confidence in the Indian economy, to expand economic activity and move towards increasing the growth rate," he said, adding that growth next year will be a "little better". If the trend continues, India could well be restored to a high-growth path.

Streamlining the tax regime and ending uncertainty is a critical part of making India more attractive to investors."We have seen the challenges before the economy. A reasonable and rational tax policy (is needed), it can't be ultra aggressive with tax payers," the minister said. The tax department now follows the principle that those who have to pay tax should do so and those who don't have to should not be harassed for non-payment, he said. He also spoke of the rationale behind Prime Minister Narendra Modi's Make In India manufacturing initiative.

"We have realised that one of the greatest challenges we have is the manufacturing sector. The economy had touched a new low and therefore the manufacturing sector is itself is delicately poised in India. We have to eventually try and make India a hub of low-cost manufacturing," he added.

He also said the government will amend the tough land acquisition law as it looks to restore confidence in the economy. "Some changes may be necessary. We will first try to reach a consensus and if that is not possible we will go ahead and take the decision." The Land Acquisition Bill has been widely criticised by industry as also state governments and central departments for stalling project development. Jaitley said that "obstacles" to land laws would have to be first removed in order to implement the concept of smart cities in India. Alluding to recent reform measures including the coal ordinance, he said the government is giving finishing touches to a reworked mining law.

He said there is a need to follow the e-auction route for the allocation of natural resources to make the process transparent and eliminate corruption.

Allaying skepticism about disinvestment remaining on track, the finance minister said the programme will "unfold" in the next few days. He added that the government aims to lower its equity in public sector banks to 52%.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

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