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: empanelment :: VAT Audit :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: ACCOUNTING STANDARDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: form 3cd :: articles on VAT and GST in India
 
 
General »
 Tax queries: Contact employer to get Form 16 error rectified
 Finance Ministry may hike monetary limit for filing tax appeals
 Compilation of all notifications issued ON
 Banking transaction tax to have cascading effect: NIPFP
 While filing tax in India, NRIs do not have to state overseas income
 Tax ease on cards, some daily use items may become cheaper
 It’s one year of GSTN, too
 SBI home, auto loan interest rates cut, set to be effective from Nov 1
 MNCs will have to furnish extra disclosures from March 2018
 High Court Allows Woman To File Income Tax Returns Without Quoting Aadhaar
 If tax status is no longer NRI, all your income is taxable in India

What made Subbarao take the plunge?: RBI rate hike
July, 27th 2011

Close to the end of his term and, perhaps at the beginning of a new innings,Duvvuri Subbarao has picked up a sledge hammer to attack inflation. His move is decisive, tone is hawkish and language is unsparing when he blames New Delhi for doing little to bring down food prices. He comes across as a man in a hurry, who is unimpressed by Corporate India's familiar clamour: "give growth a chance". Growth, he feels, will take care on its own. What needs to be fixed is spiralling prices; more importantly, the wage-price spiral.

It's a fear that has troubled central bankers down generations, across the globe. When higherinflation is matched by higher salaries, small doses of rate increases fail to pull down demand, particularly among the urban consumers.

As people learn to live with high prices, almost unknowingly they prepare themselves for a higher inflation in future. And then one day, inflation spins out of control.

For a central bank governor though, few things in life can be scarier. No central bank chief wants to be remembered for not having done enough on the price front when realtors hold on to ridiculous property prices, commodity speculators laugh their way to banks, and easy money is sloshing around international financial markets.

Chances are Subbarao has New Delhi on his side. During times when food prices have eroded the purchasing power in villages and land-grabbing has sowed the seeds of discontent, it's only logical that the powers that be will pick inflation over growth. Perhaps, the presence of a hardcore monetarist like Chakravarthy Rangarajan in the government made Subbarao's job a little easier.

But it's time India Inc and Dalal Street made a mental note of a simple truth: RBI's far more worried about inflation than they think. If companies can no longer pass on the higher cost to consumers, they should be ready to take a hit and reconcile with lower margins and stock prices. It's a price that all have to pay. And, as always, home buyers, small investors and the salaried will bear the brunt of a malaise they are clueless about.

 
 
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