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: list of goods taxed at 4% :: form 3cd :: due date for vat payment :: articles on VAT and GST in India :: VAT RATES :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: TDS :: VAT Audit
News Headlines »
 CBDT releases Income Tax Return statistics for last two fiscals
 CBDT issues second round of Certificates of Appreciation to tax payers for their contribution towards Nation building
 FinMin looks at cut in corporation tax
 Draft Rules for prescribing the method of valuation of fair market value in respect of the trust or the institution-Chapter XII-EB of the Income-tax Act, 1961- reg.
 India is moving towards a flawed GST
 ICAI to organise two-day international conference in Hyderabad
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers

India Inc raises pitch for tax sops
May, 13th 2009

India Inc on Tuesday raised the pitch for more tax concessions and further cut in interest rates to fight declining industrial output, which contracted by 2.3 per cent in March.

Lending rates continue to remain fairly high and act as a disincentive for fresh investments, industry body Ficci said.

"We hope that the effective lending rates of banks would come down further keeping in line with the policy rate cuts already announced by the RBI. This would push investments and bring the consumer back to the market," it said.

The decline in industrial production is driven by the manufacturing sector that constitutes nearly 80 per cent of index of industrial production and is a matter of concern.

"What is of concern is that some of the core industries like basic metal and alloys have shown deep deceleration. This reflects a serious demand slowdown, sluggishness in investment activity and a continuous fall in exports," Ficci President Harsh Pati Singhania said.

PHDCCI has said that the government should invest more in infrastructure building and skill development.

"Ensuring adequate credit availability to industry at reasonable rates is a priority to boost demand," it said, adding that rationalisation of taxes and a special incentive package for sectors worst affected by the slowdown is also necessary to stimulate demand.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

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