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 :: due date for vat payment :: articles on VAT and GST in India :: VAT RATES :: cpt :: form 3cd :: empanelment :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: VAT Audit :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: TDS
 
 
News Headlines »
 Are multiple service tax rates in the offing?
 All you need to know about claiming tax break on HRA
 How much income tax you should pay on investments in gold?
  Best ways to save tax in 2017
 8 unknown stocks that could yield huge returns
 Government may set threshold for probe into deposits to prevent harassment of taxpayers
 How to calculate capital gains tax
 April 1 still the target for GST: FM
 How to respond to CBDT’s tax compliance notice
 Goods & Services Tax (GST)(As On 01-01-2017)
 Excise, service taxpayers to migrate to GST portal by January 31

Fiscal order must be restored: Pranab
May, 25th 2009

In an exclusive interview to TOI, finance minister Pranab Mukherjee said the government had accorded the highest priority to getting the economy kicking. The government speaks through the President. When she addresses the joint sitting of Parliament on June 4, you will have the first indications of what is being planned in terms of policy and legislation, he said.

The minister said the economic survey and the Budget will be occasions for the government to put forward its plans for the year 2009-10. He said the Budget would be presented to the House in time.

He said he had previously stated that the states had room to increase spending by 0.5% of GDP. This is beginning to happen. The election process interrupted certain initiatives which will now get underway. For example, we thought of adding 1,400 buses to public transport fleets but the code of conduct kicked in, he said. He pointed to the mantra of inclusive growth seen to have been endorsed by poll results that was at heart of the governments economic thinking.

He outlined the governments view that domestic demand must be propped up by spending in infrastructure despite fiscal deficits going beyond norms. All over the world there has been a loosening of fiscal discipline. This was deemed to be necessary. But we shall have to come back to the path of fiscal order, he said while saying that though indirect tax collections had dipped, this was not the case with direct taxes.

Explaining the exigencies of the situation resulting from the slowdown, Mukherjee, who presented the interim budget in February, said, I had to go in for revenue sacrifices. There was no question of new taxes while subsidies are essential to protect the common man when crude prices jump from $37 to $147 a barrel, you simply cannot pass it on.

He said the government had done well to cope with the downturn. There are fiscal and monetary measures taken by the RBI to ensure liquidity in the system, he said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

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