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: TDS :: list of goods taxed at 4% :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: VAT Audit :: ACCOUNTING STANDARD :: cpt :: form 3cd :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: articles on VAT and GST in India
 
 
« Indirect Tax »
 GST may lead to better operating profit margin for multiplex operators
 Indirect taxes must equal direct taxes
  Income Tax dept issues notices to ‘farmers’ claiming suspect agricultural income
 GST would match or be lower than the multiple indirect taxes on real estate
 Tax incidence under GST lower than current indirect taxes
 Here's the complete list of pre-GST discounts being offered by companies
 Applicability of Explanation 2 to Section 132B of the I.T. Act, 1961- reg.
 Here’s all you need to know about TDS and why it is deducted
 New indirect tax regime
 Income tax rates, tax-free limit to stay unchanged
 Revised tax reform bill to benefit consumers

Higher spends, sluggish receipts push Centre to borrow more
December, 28th 2011

The government is likely to borrow in the next three months as avenues for revenue collection dry up and it has demands that need to be met, senior finance ministry officials said. While they did not reveal the quantum of extra borrowings, they said this will be over and above the Rs 52,872 crore extra borrowings the finance ministry announced in September.

In the borrowing programme announced in September, the total funds to be raised through dated securities during October-March 2011-12 was estimated to be Rs 2,20,000 crore, instead of the originally planned Rs 1,67,128 crore. This increased the quantum of total borrowing by almost 13 per cent to Rs 4.7 lakh crore from Rs 4.17 lakh crore as per the original Budget estimate.

Sources said that direct tax collection is set to fall short of the target. With the growth in advance tax payment in the third quarter almost flat, the Income-Tax department expects tepid collections in the last quarter with the economy slowing down further. Though indirect taxes have grown 16.8 per cent during April-November, a huge shortfall in disinvestment proceeds has upset the governments calculation of total receipts. In the current fiscal, the government could raise only Rs 1,400 crore from stake sale in Power Finance Corporation.

"Meeting the fiscal deficit target is out of question," said a senior finance ministry official, who did not wish to be quoted. "Additional borrowings will be required to bridge the deficit, the official added. The government has projected a fiscal deficit target of 4.6 per cent of GDP for the current fiscal. But the combined impact of a lower GDP growth rate of 7 per cent (against the Budget estimate of 9 per cent), sluggish tax collections and increased expenditure demands, will likely push the fiscal deficit to cross 5.5 per cent of the GDP, or even settle at 6 per cent, another finance ministry official said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

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