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
 How to file ITR as an OCI on Indian income?
 4 income tax benefits you could expect from Budget 2023
 10 key steps to plan your taxes in 2023 Income Tax
 Clarification for the purposes of clause (c) of Section 269ST of the Income-tax Act, 1961 in respect of dealership/distributorship contract in case of Co-operative Societies
 How to save income tax under various sections in FY 22-23?
 5 tax-saving techniques for FY23 Here is what experts suggest
  Tax moves to make before end of 2022 Your Money
 Income Tax Dept Exempts Non-Resident Taxpayers From Filing Form10F For Now
 Hedging of Commodity Price Risk and Freight Risk in Overseas Markets (Reserve Bank) Directions
 Master Direction Foreign Exchange Management (Hedging of Commodity Price Risk and Freight Risk in Overseas Markets) Directions, 2022

FM seeks states support for financial reforms
December, 11th 2006

Finance Minister P Chidambaram sought the support of Chief Ministers for passage of pension, banking and insurance bill so that more resources could be mobilised for the 11th Plan.

"This morning, Prime Minister Manmohan Singh referred to the need for a strong and innovative financial sector in mobilising resources. Some steps in this regard can be taken through executive action but major legislative changes are also required," he said in his intervention at the NDC meeting.

During the meeting, which has been called to finalise the Approach Paper to the 11th Plan, he said: "The Central government will make all possible efforts to maximise revenues as well as non-debt capital receipts... while doing so, we should observe fiscal prudence and create enough fiscal space to meet the legitimate needs of financing the Plan."

By following this prudent path, it is possible to reconcile our adherence to FRBM with an appropriate 11th Plan size.

"We need investments and in our anxiety to enhance public investment, we should take care to resist the temptation of fiscal profligacy," he said.

"The experience of past few years has shown the benefits of fiscal prudence along FRBM lines. FRBM has proved its usefulness and we should resist every temptation of upsetting it."

Chidambaram said the current inflation is "unacceptably high" and we would like to bring it down.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2023 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting