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
General »
 Income tax payers filing appeals before ITAT will have to provide information relating to the amount locked up in dispute
 GST, infrastructure status drive PE investments in warehousing
 Taxman should move towards limited scrutiny
  Government likely to withdraw tax notice on free banking services
 GST Council may bring natural gas, aviation turbine fuel under its purview at next meeting
 IT department cautions TDS deductors against quarterly filing default
 The notification said start-ups approved by an inter-ministerial panel are exempted from the tax which is levied on firms issuing shares to investors above their fair value, treating it as income from other sources
 Why you need to sort out your tax-residency status
 Government likely to withdraw tax notice on free banking services
 Senior Citizens Savings Scheme Rules, 2004
 How salaried individuals can avail full potential of I-T benefits

Budget 2011 outlook: Govt likely to address only the near-term problems
February, 07th 2011

Current macroeconomic challenges are manifold. Inflation, including that for essential commodities, is high. Interest rates are on the way up. Domestic financial sector liquidity remained under stress, often excessive, for bulk of the current fiscal. Likely large government borrowing on top of that can potentially be a dampener for private investments, which, in turn, will raise doubts about growth sustainability.

With elevated current account deficit and uncertainties around future FII flows, the overall balance of payments ( BoP )) looks weaker in the recent months. The government is being criticized heavily on corruption issues. The upcoming elections in some of the major states, pundits fear, may prompt the government to turn extra-populist in the coming budget.

Attaining the sub-5% fiscal deficit target in 2011-12, as prescribed by the Fiscal Responsibility and Budget Management ( FRBM )) Act, looks next to impossible. The expenditure pattern of the government is fairly sticky with nearly 60% of the total spending being incurred on interest payments, subsidies, defence, wages and social sector schemes. In fact, subsidies can spring an upside surprise with elevated oil, fertiliser and food prices.

For more informations click here

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Customer relationship management software CRM software Operational CRM Collaborative CRM

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