Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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
 
 
 
 
Popular Search: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: cpt :: form 3cd :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: due date for vat payment :: ACCOUNTING STANDARD :: empanelment :: VAT Audit
 
 
General »
 Property tax revision unlikely till April 2019
 Norms for filing tax are the same for residents and non-residents
 Data shows new tax regime widely adopted
 Confusion over GST persists: Wholesale grain market affected, sales fall by 40 percent in Pune
 Slow tax growth reflects companies' GST troubles
 What is PAN card? Why is it important?
 Govt to cut down executive discretion on tax laws
 Businesses can start filing July returns on GSTN from August 5
 Are you earning abroad? Know the tax rules
 Attention last minute tax filers! Know about key changes made by govt this year
 Accounting relief for IndAS companies

Goldman Sachs: RBI may raise rates by 25 bps next month
February, 15th 2011

Global financial firm Goldman Sachs today said it expects the RBI to hike key rates by 25 basis points in its next month's policy review to tame the high inflation.

"We expect the RBI to hike policy rates by 25 bps in the March 17 policy meeting and by a cumulative 100 bps in calendar year 2011," Goldman said in a research note.

Inflation declined marginally to 8.23% in January from 8.43% in the previous month, as prices of certain commodities like wheat, pulses and sugar eased, although essential items like onion and other vegetables continue to remain dearer.  However, it is still above the comfort zone.

The RBI is scheduled to come out with its mid-quarterly review of monetary policy on March 17. The central bank has raised rates seven times since March 2010 to fight inflation.

At its third quarterly review last month, the RBI revised its inflation estimate to 7% by March-end from the earlier 5.5%. The RBI also hiked short-term lending (repo) and short-term borrowing (reverse repo) rates by 25 basis points each.

Yesterday, the Prime Minister's Economic Advisory Council (PMEAC) also said the Reserve Bank may take further monetary tightening measures to tame inflation.

"RBI will have to take a view looking at the level of inflation. It is still at an uncomfortably high level. Some action, continued action, by the RBI (to tighten monetary policy) may be required," PMEAC Chairman C Rangarajan had said.

Goldman further said it has raised inflation estimate for next fiscal to 6.7% from 6% previously, due to recent upside surprises in agricultural prices, rising input and output price expectations and higher global commodity prices.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

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