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: VAT RATES :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: cpt :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: due date for vat payment :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: VAT Audit
 
 
« Budget Extravaganza »
 Government should reinstate wealth tax in Budget 2017
 With demonetisation inducing tax compliance will PM Modi cut tax rates in Budget 2017?
 State plan budget utilisation in Odisha
 Maharashtra wants budget advanced to February
 Coastal economic zones may get 10-year tax exemption in next Budget
 Why advancing the Union Budget date may not make much difference
 Govt keen 2017-18 budget should not clash with polls: Arun Jaitley
 Finance Ministry seeks industry suggestions on taxation for Budget
 Budget should focus on fiscal firm up
 Finance ministry keen to present Budget on February 2 or earlier
 Poor railway performance may mar merged Budget

Inflation may eat into growth: FM
March, 17th 2010

Finance Minister Pranab Mukherjee on Tuesday expressed hope that the economy would soon return to a high growth trajectory , but cautioned that high inflation and heavy borrowings posed significant challenges. We shall have to move towards the betterment, towards the development and 9% to 10% growth is achievable. It is not a pipe dream, he said while winding up the discussion on the General Budget in the Rajya Sabha.

For 2010-11 , the government has pegged economic growth at 8.5% of the GDP and has said that 10% growth may be possible in the near future. But the minister warned that high inflation could eat into the benefits of growth.

Though the government has taken a number of steps to cool prices, he said that inflation could touch 10% next month because of its low base. I will not be surprised if it (inflation) reaches double digit in March, he said, adding that the impact of low base may remain for few more months, till May or June this year.

The wholesale price index based inflation has already touched 9.89% in February. Inflation numbers for March will be announced in mid-April .

The Centre has taken a number of steps to help the vulnerable sections of society, Mr Mukherjee said, adding that the Prime Minister would soon be meeting chief ministers to take stock of the price situation.

Meanwhile, the finance minister also stressed that the government needs to curb its expenditure as well as borrowing targets. Our fiscal credibility will otherwise be seriously challenged, if we indulge in financial profligacy. It is not possible, he said. We had to borrow over Rs 4,00,000 crore in the current fiscal... Living on unlimited borrowing is not possible, Mr Mukherjee said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Mission

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