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: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT RATES :: list of goods taxed at 4% :: form 3cd :: empanelment :: due date for vat payment :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: VAT Audit :: cpt :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS
 
 
News Headlines »
 Here’s how the new tax provisions will impact you in 2017-18
 Income-tax (3rd Amendment) Rules, 2017
 How you can save tax in the last 2 days of current FY
 6 important income tax rules for individuals which will change from April 1, 2017
 Key changes in income tax rates individuals need to look at from 1 Apr
 Provisional Enrollment under Goods and Service Tax (GST)
 Ten income tax changes that will come in to effect from April 1
 New income tax provisions you need to be aware of
 8 benefits you must know about this tax-saving mutual fund
 10 most important income-tax changes which will apply from April 1
 Delhi: 54 CAs, company secretaries on radar in I-T crackdown against black money

India needs land, tax reforms to sustain 7-8% growth
April, 29th 2016

In order to sustain growth at 7-8 per cent levels, the government will need to focus on issues related to land, labour, tax and overall ease of doing business, says a Morgan Stanley report.

According to the global financial services major, the root cause of the challenging macro environment in India over the past few years has been the sharp deterioration in the productivity dynamics.

“We believe that the government’s policy action has helped to complete the macro adjustment cycle and reverse the productivity-weakening policies,” Morgan Stanley said in a research note adding “the economy is on track to transition to higher growth and lower inflation”.

It further noted “in order to sustain growth at 7-8 per cent levels, in the medium term the government will need to focus on addressing issues related to land, labour tax, the policy regime related to infrastructure, and overall ease of doing business.”

There is very low chance of the new bill being approved in the upper house as amid continued resistance from the opposition parties; moreover, the ruling coalition lacks a majority in the upper house, the report said.
Meanwhile, the government recently decided not to re-promulgate the ordinance to amend Land Acquisition Act, 2013. The joint committee of parliament which is examining the bill has been granted sixth extension of its term of four months.

Regarding tax reforms, the report said the Goods & Service tax (GST) constitutional amendment bill has been passed in the Lower House of Parliament. However, in the Upper House it has been referred to the select committee.

On ease of doing business, the report said a number of small but important steps have been taken, particularly those related to investment approval process and we expect increased visible signs of state-level competition for attracting new investments, particularly in manufacturing.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

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