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: cpt :: VAT Audit :: ACCOUNTING STANDARD :: VAT RATES :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: list of goods taxed at 4% :: articles on VAT and GST in India :: due date for vat payment :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: Central Excise rule to resale the machines to a new company :: form 3cd
 
 
News Headlines »
 E-filing ITR: Govt's income tax website or private websites?
 Income-tax (17th Amendment) Rules, 2017
 GST: One nation, one market, one tax
 Ready or not, businesses brace for biggest-ever tax reform
 Ready or not, businesses brace for biggest-ever tax reform
 Make your inventory and invoicing software GST Ready from Binarysoft
 Filing income-tax returns gets simpler for salaried persons
 Ten rules you must follow while filing income tax returns
 Reforming the income tax tribunal
 How the new system might impact consumers and businesses
 10 ways you get benefited from filing your tax return

India may fail to get $35 bn FDI in 2008-09
June, 25th 2008

India may fail to achieve the FDI target of 35 billion dollar in the current fiscal due to global economic slowdown and spiralling inflation led by increasing oil prices, a survey said.

Assocham in its survey of 400 CEOs on realistic assessment of FDIs inflow said that India's FDI target is likely to fall short by 7-8 billion dollar.

The industry chamber has asked the Government to take sufficient measures to mount pressure from various bilateral and multilateral agencies on oil producing countries to increase oil production.

Finance Minister P Chidambaram recently appealed the oil producing countries to increase its supply to the control prices. He had advocated for a price band mechanism for crude oil for producers and consumers to find common ground.

Adverse sentiments in the stock Markets, bottlenecks on infrastructure investments, Government inability to sign nuclear deal are some of other reasons due to which the FDI target may fall short, the survey said.

Government had set the target of 30 billion dollar in the last fiscal, but it received about 25 billion dollar FDIs.

"The financial year 2008-09 has begun with difficult time in which the inflationary pressures mounted beyond manageable limits, the adverse impact of which on Indian Inc has been substantial in the sense that the yearly profitability of domestic industry would suffer a beating to an extent of 15-20 per cent," Assocham President Sajjan Jindal said.

Majority of the CEOs viewed that inflationary pressures would continue to grapple the Indian Economy and they expect a further rise in interest rates which would cause credit and liquidity crunch in the domestic market, which will discourage foreign investment, the survey said.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

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