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: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: form 3cd :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: VAT Audit
 
 
News Headlines »
 How to file income-tax returns online
 How Income Tax Returns Are Scrutinised
 All About New Income Disclosure Scheme to make Demonetisation successful
 Your deposit may draw income tax notice
 Accepting payment under IDS 2016
 New disclosure scheme could see 50% tax and 4-year limit on cash use for unaccounted deposits
 Pay 50% tax on unaccounted deposits, or 85% if caught, says Modi government
 Deadline to pay property tax in old currency extended
 Cabinet clears amendments to Income Tax Act
 Have you got interest on your income tax refund?
 New income tax rules to curb unaccounted cash

FM unhappy as no debate on finance business in Parliament
December, 02nd 2010

Finance Minister Pranab Mukherjee on Wednesday expressed dismay over the way Lok Sabha had to approve an additional net expenditure of about Rs 20,000 crore without any discussion in the din by Opposition over demand for a JPC to probe 2G spectrum allocation.

"I am not at all happy that we have to pass the supplementary demands in din and bustle...The time is running out," he told reporters after both the Houses were adjourned on the 14th working day.

He said the government wanted a debate. "I waited for the whole week to have some structured debate, but it could not be done," he regretted.

Mukherjee said time was running out because Rs 1,000 crore had to be transferred to states for implementing the externally-aided projects.

He said the additional outgo will not have any impact on the fiscal deficit of the Centre which was pegged at 5.5 per cent of the GDP for 2010-11.

Additional receipts on account of tax buoyancy and auction of the 3G spectrum will make up for the extra expenditure.

While the direct taxes are going up 15 to 30 per cent, the indirect tax realisation has improved by 20 to 30 per cent, he said, adding, "With tax buoyancy and 3G revenue, the government receipt and expenditure will square up. It will not increase the deficit."

The Government had proposed to bring down the fiscal deficit to 5.5 per cent of GDP this financial year from over 6.5 per cent during 2009-10.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

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