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 :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: cpt :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: empanelment
 
 
Budget Extravaganza »
 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 today, but GST kills the tax suspense
 Budget 2017 does little to expand taxpayer base, salaried still bear brunt of taxes
 Six things Finance Minister did not tell you in Budget 2017
 Budget 2017 and its place in history
 Tax Dept need not reveal reason for raid even to Appellate Tribunal, proposes Budget 2017

Budget steps to put eco back on 9% growth track
April, 03rd 2010

Finance minister Pranab Mukherjee on Friday said measures initiated in Budget 2011 would help revive private investments and put the economy back on 9% growth. He said for 2009-10, GDP growth has been "impressive" at 7.2%.

Mukherjee said the measures that would help revive private investments include enhancing allocation to the MSME sector to Rs 2,400 crore, increasing the limit for presumptive taxation, raising the threshold for compulsory auditing of accounts of small businesses, extension of interest subvention for exports in certain sectors and exemption from capital gains tax to facilitate conversion of small businesses to limited liability partnership (LLP) format.

"I am optimistic that the measures I have outlined in this year's Budget will revive private investment and put the economy back on the growth path of 9% per annum," the FM said on the sidelines of Small Industries Development Bank of India's foundation day celebration.

Elaborating on the role of micro finance, FM said it has emerged as a new channel of economic empowerment and attainment of Millennium Development Goals. "The government aims to double credit flow to MSME sector within five years," he said and promised to implement recommendations of a report of the PM's Task Force on MSMEs set up to address various issues and concerns of the sector.

"We expect the economy to grow by 7.2% in 2009-10 which is impressive by global standards," the FM said and added that the growth rate will climb back to 8.25%-8.75% in 2010-11.

"The good news is that the world economy today seems to be recovering from the meltdown crisis of 2008-09," the FM said. The fast-paced recovery of the Indian economy underscores the effectiveness of the policy response of the government in the wake of this financial crisis, he added.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Work Flow Workflow Software Software Automation Workflow automation Software Design Workflow Design Business Work Flow Workflow automation tools

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