Latest Expert Exchange Queries

Make 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) | 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: due date for vat payment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: TDS :: cpt :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: VAT RATES :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: VAT Audit :: form 3cd :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« General »
 Non-performance: I-T dept transfers 245 commissioners
 Income Tax efiling: Tax implications resulting from clubbing of income
 Guidelines for selection of cases for scrutiny during the financial-year 2017-2018-regd
  GST: How companies are gaming the system
 Goods And Services Tax transparency: Elimination of added taxes to boost investment in realty
 In a first, Income Tax department to charge govt official under new benami law
 Income Tax Return Filing: 10 common mistakes people make while filing return of income
 Income Tax efiling: A few essential facts for senior citizens to keep in mind
 Pre-GST discounts get Maharashtra 16% more sales tax in three months
 Here’s how self-employed should efile their taxes
 Advance tax given by individuals in June quarter rises more than 40%

Govt to adhere to FY16 fiscal deficit target
September, 09th 2015

Sluggish direct tax collection, likely shortfall in disinvestment proceeds and OROP scheme pay out will add to the government's fiscal burden but it will "adhere to" fiscal deficit target by reducing expenditure, says a Standard Chartered report.

It cautioned however that a decision to reduce capital expenditure more than recurrent expenditure could dampen the government's efforts to kick-start the investment cycle.

"A consumption boost resulting from pay revisions could support economic activity in the near term. However, lower government capex in an environment where private-sector investment is likely to remain weak could mean that such growth is unsustainable," the report said, adding that the recent improvement in investment has been primarily driven by government expenditure.

According to the global financial services major, the FY16 fiscal deficit target of 3.9 percent of the GDP is likely to come under pressure on sluggish direct tax collection, likely shortfall in disinvestment proceeds and the recent adoption of a new pension scheme for the armed forces.

"Faced with these additional costs, we believe the government will adhere to the fiscal deficit target of 3.9 percent of GDP by reducing expenditure," said the research note.

The target could be met either by significant rise in tax collections or by achieving aggressive divestment targets; "otherwise capital expenditure might have to bear the burden, with an adverse impact on medium-term growth", it said.

The report further noted that the next two years' budgets will face additional recurrent expenditure pressure on two counts: the ongoing impact of OROP; and the implementation of higher salaries and wages for public-sector employees.

"While the government can try to find ways to fund this, we believe these potential additional costs, along with fiscal deficit targets of 3.5 percent of GDP in FY17 and 3 percent in FY18, should be monitored closely," it added.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

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