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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
Budget Extravaganza »
 How Union Budget 2018 impacts individual taxpayers
  How Budget 2018 will be different due to GST
 This is how Budget 2018 announcements may help you save tax
 Here's why the government advanced the Budget date
 Will Budget 2018 Reduce Your Income Tax? 10 Expectations
 How Budget 2018 will be different due to GST
 Will Budget 2018 cut tax on switch from dividend to growth option in mutual funds?
 Startup eco-system looks forward to the budget for addressing tax dilemma
 High time to prioritise non-tax revenue in the Budget
 Govt may abolish dividend distribution tax in budget
 Budget making in the GST era: paradigm shift

India finmin report urges fiscal consolidation
February, 25th 2010

India should start fiscal consolidation beginning in April by reforming spending, eliminating its revenue deficit, and putting a cap on 
government debt, a finance ministry report said on Thursday.

KEY POINTS: - 2010/11 GDP growth seen at 8.25-8.75 per cent - FY10 deficit target can be met by spending curbs despite revenue shortfall

- Favours cut in factory gate taxes to make exports, industry more competitive

COMMENTARY: A PRASANNA, ECONOMIST, ICICI SECURITIES PRIMARY DEALERSHIP, MUMBAI:

"The survey reflects the government's view that inflation is driven by supply side pressure, but also acknowledges that demand side pressure is picking up. There is an intention to target subsidies on a more optimal manner. However, one needs to see some movement on subsidies for any meaningful improvement in fiscal consolidation."

MARKET REACTION: The 30-share BSE stock index was unchanged after the economic survey. At 11:22 a.m. (0552 GMT), it was trading down 0.36 per cent at 16,196.46 points.

BACKGROUND: - India's Central Statistical Organisation estimates GDP growth at 7.2 per cent for the 2009/10 fiscal year. Finance Minister Pranab Mukherjee has pegged growth at 7.75 per cent.

- India's central bank has raised its projection for wholesale price inflation to 8.5 per cent by end-March and policymakers say it should start easing by July.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

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