Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: empanelment :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: due date for vat payment :: form 3cd :: TDS :: list of goods taxed at 4% :: VAT RATES :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: cpt
 
 
« News Headlines »
 GST registration mandatory for TDS entities
 Govt rules out extension for filing GSTR-3B returns after December
 Tax department’s e-filing portal out of action for 2 hours
 Use ITR-2 to show salary and capital gains income
  TDS Applicability On Government Contracts Under Gst (Under Section 51 Of The Cgst Act, 2017)
  How to file ITR for FY 2016-17 and all the links you need
 All about E-way Bill under GST
 Good and simple tax: on the GST regime
 Seeks to extend the time limit for filing of GSTR-1, GSTR-2 and GSTR-3
 Good news, find Tax Return Preparers soon at a place near you; 5 things to know
 Filing of GST return

PMEAC: Economy likely to grow by about 8.5% in FY12
June, 14th 2011

In the backdrop of the RBI's tight monetary policy and high inflation, PMEAC Chairman C Rangarajan today said India's economic growth in the 2011-12 fiscal is likely to be about 8.5%, lower than the Budget projection.

"I believe (it would be closer to) 8.5%," he said at an Organisation for Economic Cooperation and Development (OECD) event.

In his Budget speech, Finance Minister Pranab Mukherjee had pegged economic growth for 2011-12 at 9%.

However, the Reserve Bank, in its monetary policy in May, said that GDP growth during 2011-12 would be only around 8%.

The Chairman of the Prime Minister's Economic Advisory Council (PMEAC), however, exuded confidence that India has the potential to clock GDP growth of 9% in the medium term.

"... Potential (for Indian economy) to grow at 9% exists," he added.

Mukherjee, too, said yesterday that the growth drivers of the country were intact, as the government aims at GDP growth of 9-9.5% during the XII Five-Year Plan, starting April, 2012.

The RBI has hiked key policy rates nine times since March, 2010, in a bid to tame inflation, which was over 9% in May. The central bank is scheduled to come out with a mid-term monetary policy review on June 16.

On the performance of the economy in 2011-12, he said there may be some slowdown in agricultural growth, but the expansion in the industrial and services sectors is likely to be higher year-on-year.

The 8.5% annual growth in 2010-11 was backed by robust numbers from the agriculture sector.

Agriculture and allied sectors grew by 6.6% during the fiscal, as against a meagre 0.4% in the previous year.

The growth of services, including banking and insurance, improved to 9.9% in 2010-11 from 9.2% in the previous fiscal, while manufacturing sector growth slowed down to 8.3%.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Custom Software Development Outsourcing Custom Software Development Offshore Cus

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