Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
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 :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: TDS :: articles on VAT and GST in India :: due date for vat payment :: form 3cd :: empanelment :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: VAT RATES
« General »
 India’s GST among most complex in world, and it is 0% tax rate that is hurting the idea
 Can’t overrule courts with retrospective amendments, says Supreme Court
 Why tax planning should be an all-year round activity
 8 financial tasks you should do in the next 30 days
 Income Tax department may defend CPC in returns fraud case
  Income tax department sends notices to investors over tax treaty gains
 Seven months after GST rollout: Time for handholding over, Centre to intensify efforts to curb tax evasion
 Individual angels may get tax relief too
 The differences between tax and cess
 Startups that raised funds from angel investors face tax scrutiny
 Tax collection assumptions in India's budget ambitious

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 2018 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