Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR
 ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief
 ITAT Delhi Quashes Tax Notice on AMU PG Student’s ?18.34 Lakh Stipend, Declares It Tax-Free Under Section 10(16)
 Advance tax deadline September 15: What happens if you missed the previous instalment payment?
 How much gold jewellery can you keep at home? Nagpur ITAT explains rules on ownership, gifts, taxability
 ?5.31 lakh TDS refund allowed by ITAT Delhi: Why absence of an original ITR did not block the taxpayer
 Missed the ITR Filing Deadline? How to Claim Your Income Tax Refund and Correct Mistakes Before December 31, 2026
 GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)
 GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)
 GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)
 Income-Tax Department Moves to Bring Greater Certainty to International Tax Cases

FinMin to raise funds for eleventh plan: Montek
November, 08th 2006

Planning Commission deputy chairman Montek Singh Ahluwalia on Tuesday put the ball in finance ministrys court to organise adequate resources for funding all flagship programmes of the government during the Eleventh Plan period.

"We have high confidence in the finance ministrys ability to raise finances for the next plan," Mr Ahluwalia replied promptly when asked about ministrys reservations on maintaining high tax buoyancy during the next plan period on the sidelines of economic editors conference.

In its comments on the Approach of Eleventh Plan before a meeting of full Planning Commission, finance minister P Chidambaram suggested that maintaining tax buoyancy of 1.25% over a five year period and 12.5 % annual growth in non-tax resources was difficult. The Plan document has assumed this level of buoyancy for maintaining an average growth of 9% during the Eleventh Plan.

While Mr Ahluwalia did not elaborate further on this, he said that number crunching was still on before Eleventh Plan document was finalised and placed before National Development Council (NDC) in December.

To another question, Mr Ahluwalia endorsed the Human Resource Development Ministry's stand for allocating 6% of GDP in the education sector and asked both the Centre and states to pool in more resources.

He, however, said that HRD ministrys demand was nothing new and earlier the Kothari Committee too had asked for it. "The 6% figure is very old. It is a target which we still hope to achieve and want to do it as soon as possible," said Mr Ahluwalia adding that nothing has been finalised on the matter yet.

The deputy chairman said that the country needed $ 310 billion investment for in infrastructure sector to increase baseline investment in the sector up from 4.7% of GDP to 8%.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2026 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting