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: form 3cd :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: empanelment :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: due date for vat payment :: VAT Audit :: cpt :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: VAT RATES :: Central Excise rule to resale the machines to a new company
« News Headlines »
 CBDT issues second round of Certificates of Appreciation to tax payers for their contribution towards Nation building
 FinMin looks at cut in corporation tax
 Draft Rules for prescribing the method of valuation of fair market value in respect of the trust or the institution-Chapter XII-EB of the Income-tax Act, 1961- reg.
 India is moving towards a flawed GST
 ICAI to organise two-day international conference in Hyderabad
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers
 Finance ministry warns tax officials of action against GST protest

Bonds take hit as tax outflow drains cash
September, 19th 2007

Government bonds fell on Monday as last weeks tax outflow drained funds from the banking system.

Indian companies may have paid as much as Rs30,000 crore ($7.4 billion) as the second instalment of their advance taxes, according to Suresh Pai, chief of fixed income at state- owned Canara Bank Ltd.

The tax deadline was 15 September. Bonds also fell as lending rates between banks rose to the highest in a month, discouraging the purchase of debt with borrowed funds.
We wont see the kind of cash surpluses that we have witnessed in the recent past, Mumbai-based Pai said. There are more reasons for yields to rise than fall.
The yield on the 7.99% note maturing July 2017 held at 7.86% at the close in Mumbai, according to the trading system of the Reserve Bank of India (RBI). The price fell 0.575, or 6 paise per Rs100 face amount, to Rs100.83. Yields move opposite to prices.
Overnight borrowing rates rose to as much as 7.05% on Mondaythe most this monthsuggesting surplus funds at banks have declined. The rate has averaged 6.51% the past year.
RBI drained on average Rs21,120 crore through daily sales of securities last week, compared with Rs34,850 crore in the previous week. That suggests a drop in surplus cash in the system.
The central bank had said it will sell only short-term treasury bills.
RBI issued Rs10,000 crore of bills this month to prevent surplus funds from stoking inflation.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

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