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: Central Excise rule to resale the machines to a new company :: cpt :: VAT Audit :: due date for vat payment :: empanelment :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: VAT RATES :: form 3cd :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: ACCOUNTING STANDARDS
 
 
ę Latest Circulars »
 Eligible Credit Rating Agencies- Rating of Fixed Deposits by Infomerics Valuation and Rating Private Limited (IVRPL)
  Appointment of nominated counsel in the Hon‚Äôble High Court of Delhi at New Delhi- Compliance of the Order dated 21.07.2017
 RBI-Core Banking Solution (CBS) Requirements for Urban Co-operative Banks (UCBs)
 RBI-Interest Subvention Scheme for Short Term Crop Loans during the year 2017-18
 Appointment of nominated counsel in the Hon‚Äôble High Court of Delhi at New Delhi- Compliance of the Order dated 21.07.2017
 RBI releases Data on India‚Äôs International Trade in Services: June 2017
 RBI-Reserve Bank Commercial Paper Directions, 2017
  RBI announces OMO Sale of Government of India Dated Securities
 Risk Management and Interbank Dealings- Reports to the Reserve Bank
  RBI announces OMO Sale of Government of India Dated Securities
 Income Tax Appellate Tribunal Ahmedabad Benches , Ahmedabad S/shri S.S. Godara, JM & Manish Borad, Am Causelist For Bench 'A' 07-08-2017

FINANCE MINISTERS STATEMENT ON REVISION IN GDP GROWTH FOR 2011-12 AND FOURTH QUARTER GDP ESTIMATES
June, 01st 2012
                                                                              "15"
                                                                         pib.nic.in

                         PRESS INFORMATION BUREAU
                           GOVERNMENT OF INDIA
                                    *****

 FINANCE MINISTER'S STATEMENT ON REVISION IN GDP GROWTH FOR 2011-12

                    AND FOURTH QUARTER GDP ESTIMATES


                                                    New Delhi : Jyaistha 10, 1934
                                                                    May 31, 2012


     Following is the text of the statement made by Finance Minister, Shri
Pranab Mukherjee on `Revision in GDP Growth for 2011-12' and fourth
quarter GDP estimates:


      "The, Ministry of Statistics and Programme Implementation has released the
revised estimates of national income for the financial year 2011-12 and the
quarterly estimates of Gross Domestic Product (GDP) for the fourth quarter
(January-March) of 2011-12.

      The GDP growth at constant prices for 2011-12 has been revised
downwards to 6.5 per cent as against the Advance Estimate of 6.9 per cent
released in February 2012. This mirrors the quarterly trend in growth. The 2011-
12 fourth quarter growth has been estimated at 5.3 per cent. These are
disappointing figures in the context of our recent performance but have to been
seen in the light of overall global developments.




       Among the factors that have contributed to the slowdown are the tight
monetary policy that led to a significant rise in the interest costs and the weak
global sentiments that affected growth in domestic private investment. The
domestic investment sentiments may have been also affected by the
environmental policy bottlenecks in the mining sector.

       Most of these factors have bottomed out. The rate cycle has been reversed;
mining sector growth has turned around, progress has been made on fuel linkage
for coal based power projects; there is a turnaround in the investment (Gross
Fixed Capital Formation) growth rate in the fourth quarter, which had been
negative in the preceding quarters of 2011-12; and a normal south west monsoon
has been predicted for 2012-13. There are no major adverse results on corporate
performance in the last quarter of 2011-12. All these factors should help in the
recovery of growth momentum.

        The Government would take all necessary steps to address the imbalance
on the fiscal front and on the current account. It would help in checking
inflationary expectations and inspire confidence for improved capital flows as well
as recovery in domestic investment growth."

                                    **********
SS/GN



 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Article Management Solutions System Article Management Software S

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