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: VAT Audit :: Central Excise rule to resale the machines to a new company :: cpt :: due date for vat payment :: ACCOUNTING STANDARD :: TDS :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: VAT RATES :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment
 
 
Budget Extravaganza »
 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
 How presenting the Budget early seems to be paying off already
 Budget advancement helps Centre, states start spending early
 Five things that you can expect from the Mumbai civic budget today
 GST all set for July 1 rollout but casts shadow on state budgets
 Income-Tax collection revised in Rajasthan budget
 No new taxes likely in Maharashtra Budget
 H.P. budget devoid of any financial prudence
 GST, demonetisation todecide budget priorities
 Railways to come up with mini-budget tomorrow

Budget 2012-13 will be both reformist as well as populist: Nilesh Shah, Envision Capital
March, 16th 2012

Is the rail budget any indication to what lies ahead in the Union Budget today?

Nilesh Shah: The Rail Budget has been an extremely positive and a constructive budget. It is the beginning of a good exercise on the part of the Union Government. A lot of measures which were undertaken in the Rail Budget are extremely progressive and constructive. It takes both, medium to long term perspective and it is a good indicator of what probably lies in store for the Union Budget. It looks that the government is basically ready to bite the bullet and takes certain tough measures wherever required.

ET Now: What do you make of yesterday's policy action because markets for sure did not applaud the Eco Survey or the credit policy?

Nilesh Shah: Yes, if you look at the combination of both the RBI event as well as the Economic Survey both basically indicate that probably FY11-FY12 will be the worst year in terms of growth and both the documents project a 6.9% for growth for this fiscal. However, both the documents are extremely positive about the growth for the next one-two years where they expect growth to be north of 7% which is pretty good and barring any significant global events we seem to be set for that. The big challenge from both the documents perspective is that how does the government respond in terms of the Union Budget whether the government goes ahead and undertakes fiscal consolidation and initiates measures which would basically address supply side constraints. These are some of the important things to which both the RBI policy as well as Economic Survey have highlighted and one has to really see how the budget is going to address these issues.

ET Now: Do you think the budget will be a reformist one or a populist one this time?

Nilesh Shah: Well it would probably be a combination of both. I do not think that the government is in a situation where it would want to abandon populism. That is basically a phenomena which has got deeply embedded into our political system and therefore I do not think that populism is something which will be abandoned. Also, the general belief is that subsidies in general are not bad provided the subsidies are more directed and they reached the directed beneficiaries. So you would probably continue to see increased allocations to a lot of these social security initiatives but on the other hand it is quite possible that it could be reformist in terms of basically the way the subsidies are spend, the way subsidies are delivered in the manner in which a lot of supply side constraints are addressed.

The big area to really watch out for is that whether the budget lays the foundations for introduction of DTC, whether it moves a step towards implementing GST and it addresses a lot of the other constraints which are there in the economy particularly on the infrastructure side. It is going to be a combination of both increased allocations to social security sectors at the same time it would obviously make a pretty strong and a constructive attempt at reforms.

 
 
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 Portfolio

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