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: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: TDS :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: cpt :: ACCOUNTING STANDARD :: VAT Audit
 
 
« Markets »
 Why we must tweak the market-led model
 PE transactions prompt income tax queries over round tripping concerns
 Amended India-Mauritius tax treaty only covers investments in shares
 Government drops cap gains tax on startup shares held for 2 years
 Tax-free bonds regain demand in the secondary market
 Relevant Market’ Under Competition Act, 2002
 Indian markets best in terms of earnings momentum, price revision
 How India will become a common market with GST
 Broader markets outperform; Nifty holds 8,500
 Have Indian markets run ahead of fundamentals?
 Sebi mulls allowing foreign VCs in infra investment firms

FSDC meet on Thursday to discuss rupee fall, state of markets
December, 06th 2011

The finance ministry and the Reserve Bank of India (RBI) will review developments on the rupee front at a meeting of the sub-committee of the Financial Stability and Development Council (FSDC) this Thursday, but extreme steps to arrest the fall are unlikely.

We hope to review (these) developments. (But) rupee depreciation is a temporary phenomenon. The government has taken many steps to encourage foreign inflows. We are not intervening, said a ministry official. The official ruled out imposing any restrictions on outflow of foreign exchange, as it could hurt market sentiments.

The rupee has eroded 17 per cent since July, to close at 51.4 against the dollar on Monday.
The meeting, in Kolkata, would also deliberate upon putting in place a crisis management structure, in some other countries. A concept paper on this is to be finalised.

We are now giving flesh and bone to FSDC. It does not imply there is a crisis impending. You imagine an extreme scenario that is plausible, but not probable. We are building capacity to face any eventuality. The institutional structure should be clear, said the official.

The sub-committee, headed by RBI governor D Subbarao, will also look at extending financial inclusion and literacy to areas beyond banking, such as mutual funds and demat accounts. Financial inclusion and literacy is restricted to the banking sector. However, it is also about penetration of mutual funds and financial products. We are now starting to move beyond banking inclusion in an institutional way, the official added.

Two technical groups have been set up for this. One has suggested inclusion of financial literacy as a part of the educational syllabus. The National Council of Educational Research and Training) has already constituted a committee to do so. Data collection for financial inclusion has also started. A national strategy on financial literacy is being worked out.

An assessment of stability in the markets will be made and a financial stability report prepared by the RBI is to also be discussed. It would give an assessment of what is happening around the world and have inputs from the finance ministry. The report is likely to be finalised in the meeting. It will also discuss inter-regulatory issues, coordination and development to improve the pace of decision making.

 
 
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