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: form 3cd :: ACCOUNTING STANDARD :: VAT Audit :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: empanelment :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: cpt :: due date for vat payment :: list of goods taxed at 4% :: articles on VAT and GST in India :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT
Direct Tax »
 Deadline For Income Tax Returns Filing Only 12 Days Away. 10 Points
 Income Tax: E-assessment ensures greater efficiency in the taxation system
 10 Points Deadline For Income Tax Returns Filing Only 2 Weeks Away.
 Income tax returns (ITR) filing: A step by step guide to check your ITR status online and offline
 How to save tax; amazing tips to make your money stay in your wallet Income tax returns (ITR) filing
 Want to save tax? Here are the best options
 Suggestion For Option To Assessee For Higher And Lower TDS/TCS For Optimization Of Tax Collection And Refunds
 CBDT to conduct nationwide review of tax collection for FY18 today
 Here are a few last-minute tax saving ideas Not planned taxes yet?
 Confessions of a fake CA exposes lacuna in e-filing of tax return
 Greetings from the income tax department

Industry pushes for reforms after ratings outlook downgrade
April, 27th 2012

Apex industry chambers on Wednesday asked the Government to put aside its political compulsions and push for reforms. Reacting to Standard & Poor's cutting India's rating outlook, industry associations said that India's fundamentals are strong enough to carry a higher debt burden for some time.

On the back of slowing growth and widening current account deficit, global rating agency, S&P, has revised India's outlook from stable to negative, while reaffirming its BBB- rating.

Dr S P Sharma, Chief Economist at PHD Research Bureau, said, The ratings could stabilize if the Government implements initiatives to reduce fiscal deficit and improve investment climate. India's real GDP per capita growth will likely remain moderately strong at 5.3 per cent in the current fiscal, compared to 6 per cent average over the prior five years.

CII said the Government should push for reforms, especially in the areas of Foreign Direct Investment, Goods and Service Tax and Direct Tax Code.

CII strongly feels that further opening up India in sectors such as aviation, insurance and multi brand retail will help improve investor sentiment, it said in a statement.

Industry chamber, ASSOCHAM, has stressed on fiscal consolidation to reverse outlook. This will include removing subsidies for fuel, fertilisers and social schemes. However, India remains an attractive investment destination, said Secretary-General, Mr D.S. Rawat.

Ms Sonal Varma, Executive director and India economist at research agency Nomura, said, We believe there is a low likelihood of a rating downgrade actually occurring as we expect the economy to see some cyclical rebound in the near term. The debt-to-GDP ratio is likely to remain stable, and the fiscal deficit should not worsen substantially. The only risk to this view is foreign exchange reserves declining materially.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

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