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: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: due date for vat payment :: VAT Audit :: form 3cd :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARD :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: cpt :: VAT RATES :: empanelment :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India
 
 
General »
 While filing tax in India, NRIs do not have to report overseas assets
  Clarification regarding applicability of Section 16 (1)(a) of the Companies Act. 2013 with reference to cases under corresponding provisions of Companies Act. 1956 -reg.
 SH. VISHWA NATH GUPTA Vs. PRINCIPAL COMMISSIONER OF INCOME TAX CENTRAL, KANPUR AND ANR.
 No tax scrutiny of big transaction if it matches income
 Clarification regarding applicability of Section 16 (1)(a) of the Companies Act. 2013 with reference to cases under corresponding provisions of Companies Act. 1956 -reg.
  Home loan tax reliefs often missed by taxpayers
 Income tax department launches online facility for linking Aadhaar and PAN
 Home loan tax reliefs often missed by taxpayers
 Tax headache in India is a bonanza for global accounting firms
 Activities To Be Treated As Supply Even If Made Without Consideration Under CGST ACT
  Haryana Goods and Services Tax Bill passed

Expert: Economy still in danger
August, 10th 2009

The struggling UK economy is still in danger of slipping into a Japan-style "lost decade", a former Bank of England rate-setter has said.

The warning from Sushil Wadhwani, a former member of the Monetary Policy Committee, comes ahead of the Bank's latest economic forecasts on Wednesday.

These are expected to show worsening UK growth prospects and a lingering threat of long-term deflation - falling prices - after the Bank elected to pump an extra 50 billion into the economy in a surprise move.

Despite tentative signs of recovery, Mr Wadhwani told the Daily Telegraph the economy could dip down again next year after a brief bounce - following a similar pattern to Japan in the early 1990s.

"People think things will then return to normal - but these bounces are driven by temporary factors - for instance, destocking turning to restocking, or factors like that you go only so long without replacing your car, or by the VAT stimulus."

He added: "The second half of 2010 could be more difficult for the UK than 2009.

"There will be a big fiscal tightening, the VAT tax cut will have gone, and the world as a whole will be slowing at that point.

"You will have several things coming together which will dampen the economy."

Rate-setters are desperate to avoid the UK sliding into the kind of deflationary spiral which left Japan's economy in the doldrums for a decade.

In the UK, Retail Prices Index inflation is currently negative, although this should be temporary due to falling house prices and mortgage interest payments.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - We Bring IT. Offshore software outsourcing company. We use Global Delivery Model (GDM) and believe in Follow The Sun principle

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