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: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: list of goods taxed at 4% :: VAT Audit :: TDS :: ACCOUNTING STANDARD :: due date for vat payment :: VAT RATES :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: cpt
 
 
News Headlines »
 Filing of online return for 4th quarter of 2016-17 — extension of period thereof
 CBDT simplifies ITR filing process from FY18
 Govt extends service tax return filing date to April 30
 No move to tax farm income, clarifies Arun Jaitley
 New board for indirect taxes to become operational from June 1
  9 changes that came into effect from April 1
 First time filing income tax? Here's all you need to know about Form 16 and Form 26AS
 New Opening Financial Controller Chartered Accountant (Manufacturing Plant) A Leading Company
 Income Tax Filing 2017: All you want to know about the single page ITR form SAHAJ
 How to benefit from investments in tax saving mutual funds
 60 per cent of income tax notices on fishy cash deposits returned

India's Central Bank likely to raise key rates by 25 bps in Jan end
January, 06th 2011

India's central bank is expected to raise key rates by at least 25 basis points by the end of this month to tackle rising inflationary pressures, while analysts expect a total of 75 basis points increase in rates in 2011.

Median forecasts for January have been upwardly revised by 25 basis points since the last poll in mid-December as food and fuel prices push up inflation.

Of 17 economists surveyed, 12 expect the Reserve Bank of India (RBI) to increase rates by 25 basis points in January, while one expects a 50 basis point increase. The other four expect the RBI to keep rates steady in January.

The RBI's next policy review is on Jan. 25. The RBI's key lending rate, or the repo rate , currently at 6.25 percent, is seen at 6.5 percent by the end of January and at 7 percent by the end of 2011, the poll found.

The reverse repo rate, or borrowing rate, which stands at 5.25 percent, is seen at 5.5 percent by the end of January and at 6 percent by the end of December. "Recent weekly food and fuel data suggests that the stickiness in inflation is still prevailing. I expect headline inflation to be around 6.5 percent by end-March," said D.K. Joshi, principal economist at CRISIL in Mumbai.

"For the next fiscal year starting April 2011, inflation would average around 5.8 percent. We have to wait for more data. Right now it seems like the central bank will continue with its aggressive tightening as growth is strong and inflation is high," he said.

India's food inflation accelerated to a 10-week high in mid-December on rising prices of vegetables, while the fuel index also rose, adding to inflationary worries.

India's headline inflation eased in line with expectations to its lowest level in a year for November, at 7.48 percent on an annual basis, but data for December due on Jan. 14 is expected to show a return to an upwards trajectory.

India's economy, Asia's third-largest, is expected to expand by at least 8.5 percent in 2010/11, the fastest pace among major Asian economies after China. The RBI, which has raised its key lending rate by 150 basis points in six moves since mid-March, was expected to pause in its tightening cycle at least until February, but those expectations have changed in recent weeks.

However, most analysts still do not see any change in the cash reserve ratio, or the proportion of deposits that banks' need to set aside as cash with the central bank, either in January or later this year.

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

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