GST Helpdesk   Subscription   Demo   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
What's New Case Laws Highlights Articles News Forum Short Notes Statutory TMI SMS More ...
Extracts
Home List
← Previous Next →

FM Indian economy is on path of recovery despite uncertainty and volatility in global economic situation; Government continues to adhere to the path of fiscal consolidation;

News and Press Release - Dated:- 14-1-2016 - Gross tax revenues of the Government increase by 20.8 per cent during April-November 2015-16 over the corresponding period in the previous year led by a buoyant growth in indirect taxes The Union Finance Minister Shri Arun Jaitley said that Indian economy is on path of recovery despite uncertainty and volatility in global economic situation. He said that India recorded a higher growth of 7.3 per cent in 2014-15 as compared to 6.9 per cent growth achie .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

to the path of fiscal consolidation. He said that the Budget 2015-16 targeted fiscal deficit of 3.9 per cent of GDP, as compared to 4.0 per cent in 2014-15 in spite of the pressing need for enhanced public investment to boost the economic growth. He said that this achievement is all the more significant as the Government fully implemented its tough commitments on account of requirements of federal structure i.e. greater tax devolution-from 32 per cent to 42 per cent of the divisible pool to Sta .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

n indirect taxes including excise, customs duty and service tax collections. Various suggestions were made during the Finance Minister s Meeting with the eminent Economists for consideration of the Finance Minister while formulating the budgetary proposals for the Union Budget 2016-17. The major suggestions included in bringing changes in small savings rate which will in turn push the economy and to focus on increasing private and public investment. Some of the members suggested not to go for ag .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ed to be used for identifying the right beneficiaries and thus bringing them to the forefront. It was suggested that the LPG subsidy is regressive and need to be done away with. It was further opined that the Fertilizer subsidy was not benefitting the farmers and it is time to relook into it. There was mixed opinion in terms on reduction of corporate tax as some found it be favoring the rich and others found it to be a great step towards increasing investment and thus boosting the economy. There .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Advanced Search


Latest Notifications:

    Dated      Category

20-7-2017 Cus (NT)

20-7-2017 IT

20-7-2017 GST CESS Rate

19-7-2017 IT

19-7-2017 IT

18-7-2017 IT

18-7-2017 CE (NT)

18-7-2017 CE

18-7-2017 GST CESS Rate

15-7-2017 Kerala SGST

14-7-2017 Andhra Pradesh SGST

14-7-2017 Cus (NT)

14-7-2017 Cus

13-7-2017 Co. Law

13-7-2017 Co. Law

13-7-2017 ADD

13-7-2017 ADD

12-7-2017 Jammu & Kashmir SGST

12-7-2017 Gujarat SGST

12-7-2017 Gujarat SGST

More Notifications


Latest Circulars:

21-7-2017 Goods and Services Tax

20-7-2017 Goods and Services Tax

20-7-2017 Goods and Services Tax

19-7-2017 Goods and Services Tax

19-7-2017 Income Tax

18-7-2017 Customs

17-7-2017 Customs

14-7-2017 Income Tax

13-7-2017 Central Excise

13-7-2017 Customs

More Circulars



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version