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: VAT RATES :: VAT Audit :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: form 3cd :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: cpt
 
 
« Service Tax »
 GST to result in price reduction for consumers: Hasmukh Adhia
 Bill gives free hand to CAG to audit GST operation
 Lok Sabha to discuss GST bills on Wednesday
 GST to strengthen organised logistics companies
 No need for Parliament nod to waive property tax in Delhi
 CBEC to be renamed, reorganised for GST regime
  GST debate now continues on categorisation of products
 GST coming soon, but don’t expect quick benefits; rich valuation to stall stocks
 FM Arun Jaitley underlines urgency to pass GST bills in this Parliament session
 Government may table 4 GST bills in Parliament today
 Applicability Of Gst Law On Educational Institutions

Advance tax numbers, Fed review to dictate Sensex movement
September, 15th 2014

The US Federal Reserve policy review on interest rates on September 16 and 17 will dictate the course of stock market movement in India this week. All eyes will be on the Fed statement and its future course of action. On July 30, the Fed went according to its plan by cutting its monthly bond purchases by $10 billion to $25 billion.

The market has already discounted the $10 billion cut in bond purchases, but is more concerned about when the Fed is expected to increase interest rates in the US.
The US economy, since the Lehman Brothers crisis, has been standing on its feet due to the support of huge liquidity that has been pumped into the banking system by the Fed. Now is the real test for the US economy and it has to be seen whether, with the tapering, can the US continue to grow. The economic indicators are still giving mixed signals. The markets, however, have discounted that the increase in US interest rates could be around July 2015.

The Reserve Bank of India (RBI) will closely watch the guidance given by the Fed when it announces its monetary policy on September 30. RBI Governor Raghuram Rajan has already shown his concerns on the damage it could cause on the rise in interest rates in the US. Any increase in rates will see a huge outflow of money from emerging markets and that could have a major impact on currency and markets.

Meanwhile, advance tax payment by India Inc on Monday, September 15, will provide a trigger for the equity market, which is now in a consolidating phase after a sharp rally in the past few weeks. The advance tax numbers will also hint on the Q2 (July-September 2014) corporate earnings. Advance taxes are collected in four installments -15 per cent by June 15; 40 per cent by September 15; 75 per cent by December 15 and 100 per cent by March 15.

On Monday, the government will also announce the Wholesale Price Index inflation numbers for August 2014. In July, the WPI was at 5.19 per cent.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Desktop Application Development Outsourcing Desktop Application Development Offshore Desk

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