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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: empanelment :: form 3cd :: VAT Audit :: TDS :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4%
 
 
General »
 Top House tax writer suggests measures to mitigate the impact of the border tax
 Consumer goods distributors, wholesalers to bear the brunt of GST
 GST classification woes to continue
 There will be no tax on farm or agriculture income
 RBI, Income Tax Acts to be amended for electoral bonds, Jaitley says
  Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016
 I-T zeroes in on Mumbai trader in first crackdown after demonetisation
  Tax queries answered by Dilip Lakhani, Senior Chartered Accountant
 Income Tax Department Failed To Unearth Black Money Despite Information
 Govt filing twice as many cases as private cos in Supreme Court
 Taxes under GST 'to increase a bit', says CBEC Chairman

RBI: Too early to assess Japan impact on India
March, 17th 2011

The Reserve Bank of India (RBI) today said it is "too early" to assess the impact of the natural disaster in Japan on the Indian economy.

"It is as yet too early to assess the macroeconomic consequences of the natural disaster in Japan," the RBI said in its mid-quarterly policy review.

It, however, said that as the normalcy is restored, expenditure on reconstruction may provide a boost to the India economy. "Substitution of thermal for nuclear energy in Japan may exert further pressure on petroleum prices," it added.

Hit by a devastating earthquake and a subsequent tsunami last Friday, the world's third largest economy is now facing the threat of a nuclear catastrophe.

Yesterday, Bank of Japan pumped in 3.5 trillion yen ($43 billion), taking the total amount of stimulus injected into the system in three days to a staggering 26.5 trillion yen (about $324 billion).

BoJ's initiatives were primarily aimed at ensuring that banks have enough liquidity.

According to initial estimates, the earthquake and tsunami have caused a loss of around $200 billion.

In the last fiscal, total trade between India and Japan stood at $10.4 billion. India is also the highest recipient of Japan's official development loan.

RBI Deputy Governor K C Chakrabarty had said on Tuesday that the central bank is in regular touch with the Bank of Japan, adding that "they (BoJ) tell us that the financial markets will stabilise in the next few days."

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

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