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 :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: VAT Audit :: empanelment :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: VAT RATES :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: articles on VAT and GST in India :: due date for vat payment :: form 3cd
 
 
« News Headlines »
 How to link your Aadhaar and PAN details to file income-tax returns
 How to calculate capital gains tax on property sold at less than stamp value?
 Return Filing - Under GST, this is how you will file tax returns from July 1
 Income tax filing FAQs part 1
 Filing Income Tax Returns? Things To Keep In Mind As Deadline Approaches
 Filing of online return for 4th quarter of 2016-17- extension of period thereof.
 New tax accounting standards may reduce leeway for infrastructure companies
 GST – CONCEPT & STATUS – As on 01st May, 2017
 Govt extends VAT deadline, relief for developers
 Income Tax Appellate Tribunal Rules, 2017
 Got your Form 16? You should file income tax returns early to enjoy benefits

Iraqi oil could help ease pressure on global economy: India
June, 12th 2008

If Iraqi crude oil begins to flow into the market it can have a positive impact on the global economy that is already showing signs of retardation, External Affairs Minister Pranab Mukherjee said here on Wednesday.

He cautioned that oil prices are threatening to touch $150 per barrel and according to some experts could even reach $200 per barrel.

"It is important that the people of Iraq freely determine their political future and exercise control over their natural resources. Once this happens, perhaps an easing of the price burden could be expected," he said.

 "I believe that it would be helpful if Iraqi crude oil begins to flow once again to its full potential. Once the Iraqi oil is again in the market, the overall spin-offs are going to be large, not only for the global economy, but also for the Iraqi people."

He was speaking a function to launch a book, "The Ultimate Prize: Oil and Saddam's Iraq," written by India's former ambassador to that country, R S Kalha.

Referring to the steep hike in the oil prices, the minister said, "This massive volatility is already having a negative impact on the global economy and is likely to retard growth and development."

He justified the recent hike in the prices of petroleum products in India. "In the meanwhile, the government, faced with the present situation, found that there was no viable option but to increase oil product prices," he said.

"It is clear that the oil price hike is externally induced. It is not simply Indian economy that is bearing the brunt. The entire global economy is facing this crisis, with the developing countries taking on an unbearable burden."

The minister pointed out that Indian economy that was growing at over eight percent a year since 2003-04 needed to maintain this growth rate for the next 25 years in order to pull out a large number of people from poverty and to meet the country's developmental deficit.

"For this, we would have to increase our primary energy supply by three-four times and electricity generation capacity by five-six times. By 2031-32 power generation capacity would need to be increased to nearly 8,00,000 MW from the current capacity of around 1,60,000 MW," he added.

Mukherjee pointed out that the country's proven resources of fossil fuel along with the "renewables" and hydropower were inadequate to meet India's long-term energy needs.

Arguing in favour of expanding the country's energy basket, the minister said: "In my view, nuclear power appears to offer India the most potent means to realize its long-term energy security."

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
E-catalogue online catalogue E-brochure online brochure online product catalogue online product catalogue e-catalogue Indi

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