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: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: empanelment :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: form 3cd :: cpt
 
 
General »
 Simplified one page Income Tax Return Form: Changes to keep in mind before filing tax return for AY2017-18
  No proposal to replace Income Tax with Banking Cash Transaction Tax
 GST coming July 1 despite calls for delay: Revenue Secretary Hasmukh Adhia
 Centre introduces provision of taxation on NPS in Income Tax Act
 Income Tax Department Clarifies On Cash Withdrawal From Banks, Post Offices
 The Goods And Services Tax (Compensation To States) Bill, 2017
  Goods and Service Tax (GST) and Real Estate Sector
 New Income Tax Rules On Home Loan Come Into Effect
 Here's how late filers can save on stress and taxes
 Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib ?Kalyan Yojana, 2016
 Companies should invest in upgradation of tax technology

World Bank: Global eco growing towards slower but solid growth
January, 13th 2011

The global economy in 2011 and 2012 is shifting into a phase of slower but solid growth, with India and China contributing towards almost half of the global growth, says the World Bank's latest Global Economic Prospects 2011 report.

The World Bank estimates that global GDP, which expanded by 3.9 percent in 2010, will slow down to 3.3 per cent in 2011 before reaching 3.6 per cent in 2012.

Developing countries are expected to grow by seven percent in 2010, six per cent in 2011 and 6.1 per cent in 2012. They will continue to outstrip growth in high-income countries that will expand by 2.8 per cent in 2010, 2.4 percent in 2011 and 2.7 per cent in 2012, the report said.

Besides, steered by India, the South Asian region is projected to post 7.9 percent GDP growth on average over the 2011-2012 fiscal years.

This compares with estimated growth of 8.7 per cent in fiscal year 2010, against the estimated 9.2 per cent growth in 2010. The Indian economy is projected to grow at 8.5 per cent in 2011 and 8.7 per cent in 2012, according to the report.

A recent move toward tighter monetary policy will likely need to be pursued further, given the region?s high fiscal deficits (the largest among developing regions), high inflation and deteriorating current accounts, it said.

According to Global Economic Prospects 2011, the GDP in most developing countries has regained levels that would have prevailed if there were no boom-bust cycle.

The reports calls on countries to implement corrective domestic policies to treat high household debt, unemployment and, weak housing and banking sectors, which may otherwise mute the recovery.

"On the upside, strong developing-country domestic demand growth is leading the world economy, yet persistent financial sector problems in some high-income countries are still a threat to growth and require urgent policy actions," said Justin Yifu Lin, the World Bank?s chief economist and senior vice president for development economics.

Net international equity and bond flows to developing countries rose sharply in 2010, rising by 42 per cent and 30 per cent respectively, with nine countries receiving the bulk of the increase in inflows, it said, as against a modest rise in FDI flows.

"Heavy inflows to certain big middle-income economies may carry risks and threaten medium-term recovery, especially if currency value rises suddenly or if asset bubbles emerge," Timmer said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 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