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: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: TDS :: form 3cd :: VAT Audit :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: cpt :: empanelment :: VAT RATES
 
 
General »
  Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 30, 2016)
 Cases for tax scrutiny will be selected by machines
 Time to revisit 1997 direct tax rates, says P Chidambaram
 Lok Sabha passes Bill to tax black money deposits post demonetisation
 Last day to pay property tax with old notes
 Income tax department asks IDS declarants to pay tax by 30 November
 Why PM Narendra Modi must beware of the breathtaking Arthakranti tax
 Japanese firms seek easing of restrictions on funding in India
 Tax on black money: How the cookie will crumble
 Income tax officials say raids on jewellers based on 'credible intelligence' proving fruitful
 Exchange window being misused, government forced to reduce limit to Rs 2000, says Arun Jaitley

India capable of 10 per cent growth
July, 21st 2010

India can deliver a 10 per cent growth provided the farm output touches four per cent annually and industry and services grow in double digits, top bureaucrats said in New Delhi on Tuesday at a meeting with industry captains.

"Sustained double digit gross domestic product (GDP) growth is largely contingent on the farm sector achieving sustained four per cent GDP growth over the coming years," said Cabinet Secretary KM Chandrasekhar.

He laid emphasis on creating and meeting the rural demand to achieve sustained and inclusive growth.

"During the economic slowdown when the exports markets had shrunk, it were the rural markets that industry had turned to for sustained growth," Chandrasekhar said during a closed-door deliberation with secretaries of various ministries and top business leaders on whether India can achieve a sustainable growth rate of 10 per cent by 2014.

Echoing Chandrasekhar, Finance Secretary Ashok Chawla said that to achieve double-digit growth agriculture will have to grow at four per cent, industry at 12 per cent and services at 10.5 per cent.

"Investments should rise to 40 per cent of GDP, for which savings rate will need to increase from 35 per cent to 37-38 per cent. The remaining 2-3 per cent will come from external sources," said Chawla.

Revenue secretary Sunil Mitra pointed out that the challenge is to broaden the tax base, moderate the rates, and simplify the norms.

"The Direct Tax Code (DTC) is a major step toward simplification of tax provisions. Direct tax reforms have resulted in direct tax rising from 2.9 per cent of GDP in 2000 to 6.36 per cent in 2009," said Mitra.

According to Mitra, Goods & Services Tax (GST) once effective would will enhance the competitive edge of manufacturing and service companies and create a common market across the country.

The meeting was organised by the Confederation of Indian Industry (CII).

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

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