Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: due date for vat payment :: TDS :: ACCOUNTING STANDARDS :: cpt :: empanelment :: form 3cd :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4%
Budget Extravaganza »
 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
 Budget 2018: Section 80C limit may be increased
 Middle Class Can Hope For A Big Tax Relief In Budget 2018-19, Says Report
 Startup investors seek abolition of angel tax in Budget 2018-19
 Budget 2018 must avoid the temptation to bolster government revenues myopically
 How GST has taken away the wind out of the Union Budget presentation
 Seeks to amend certain customs notifications in pursuance to change made in Budget 2017-18.
 New look finance ministry team to frame contours of Budget 2018

Government may opt for a budget for the common man: Budget 2011
February, 28th 2011

Finance Minister Pranab Mukherjee faces a balancing act on Monday in presenting the nation's budget as he seeks to tame rampant inflation, sustain high growth and rein in the deficit.

Mukherjee, 76, known as a canny tactician, unveils the budget as the UPA government comes under fierce public and opposition attack over corruption scandals and runaway food prices.

He will have his eyes on a slew of looming state elections and is likely to opt for a "common man" budget for the fiscal year starting April 1 -- laden with food, fertiliser and fuel subsidies, analysts said.

"We anticipate a sizeable boost to welfare spending, designed to protect the incomes of the poorest," said Credit Suisse economist Robert Prior-Wandesforde.

Some 40 percent of the 1.2 billion population in Asia's third-largest economy live on less than $2 a day.

General inflation is over eight percent while food inflation is at double digits despite aggressive monetary tightening.

At the same time, the government will be seeking to reassure foreign investors that it can keep a lid on spending growth amid uncertain international confidence in the South Asian giant.

The government is banking on high revenues from economic growth to help it trim the fiscal deficit of 4.8 percent of gross domestic product -- the highest among the BRIC nations of Brazil, Russia, India and China.

"The most important message from the upcoming budget should be that of fiscal consolidation," said CLSA economist Rajeev Malik.

The country's image has been hit by a number of corruption scandals that have highlighted what analysts are calling a widespread "governance deficit" and worries about its ability to control inflation and narrow the fiscal gap.

The country desperately needs foreign capital to modernise its economy and spur growth to employ the army of young people in the country where 70 percent of the population is below 35.

With the government under heavy opposition attack, any controversial economic reforms may have to wait, although Mukherjee could announce a plan to open up India's $450 billion retail sector to foreign investors to improve the efficiency of India's food supply chain, analysts say.

When the government, led by arch reformer Manmohan Singh, 78, was swept back to power two years ago, investor hopes were high it would open up the still inward-looking economy.

But the scandals, including a multi-billion-dollar mobile telecom scam, internal discord and inflation, have sapped its ability to take bold steps.

"I don't expect any risk taking," said Deepak Lalwani, head of India investment consultancy Lalcap.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Services SEO LLC e-boost Search Engine Optimization Services Internet Marketing Services Website Placement Services On-site Webs

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