Latest Expert Exchange Queries

Make 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) | 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: ARTICLES ON INPUT TAX CREDIT IN VAT :: cpt :: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: list of goods taxed at 4% :: empanelment :: due date for vat payment :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: VAT RATES :: Central Excise rule to resale the machines to a new company :: TDS :: ACCOUNTING STANDARD :: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« General »
 Non-performance: I-T dept transfers 245 commissioners
 Income Tax efiling: Tax implications resulting from clubbing of income
 Guidelines for selection of cases for scrutiny during the financial-year 2017-2018-regd
  GST: How companies are gaming the system
 Goods And Services Tax transparency: Elimination of added taxes to boost investment in realty
 In a first, Income Tax department to charge govt official under new benami law
 Income Tax Return Filing: 10 common mistakes people make while filing return of income
 Income Tax efiling: A few essential facts for senior citizens to keep in mind
 Pre-GST discounts get Maharashtra 16% more sales tax in three months
 Here’s how self-employed should efile their taxes
 Advance tax given by individuals in June quarter rises more than 40%

Be ready for a high oil price regime
July, 04th 2008

The government may not be able to protect consumers from rising global oil prices endlessly. Planning Commission deputy chairman Montek Singh Ahluwalia has warned that India should ready itself for a high oil price regime brought on by a continuous surge in global crude oil prices.

We have to move to a high oil price regime, Mr Ahluwalia said. The statement is significant at a time when many political parties are demanding a roll-back of the recent hike in fuel prices.

Speaking on the sidelines of the diamond jubilee function of the Institute of Chartered Accountants of India (ICAI), Mr Ahluwalia also said that the countrys economic growth could slow down to 8% in the face of high crude prices and spiralling inflation. He, however, said that taking into account the global economic slowdown, even an 8% growth rate was satisfactory.

He said the revenue performance has been good, and no expenditure budget has gone off track. If growth is very good, if revenues are buoyant, it may not be bad, he said referring to the growth rate. As regards fiscal deficit, Mr Ahluwalia said, there is nothing sacrosanct about the number... My personal view is that when we face a shock... some of the shock will be reflected in the budget. He said the prospects for the Indian economy were very stable and it is possible to register a healthy GDP growth in the future without high inflation.

Referring to the rising commodity prices are being fuelled by a 13-year high inflation rate of 11.42%, he said that the inflation rate would be tamed in the next few months. The government has already taken steps to see that price rise is arrested, he said pointing out that what we are seeing in India is not different from what we are seeing elsewhere.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Development Software Programming Software Engineering Custom Software Development Requirement Based Software Development Software Solutions Software Serv

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