World Bank has released its report on Global Economic Reports 2014, according to which India’s growth is projected at 5.5% in 2014-15, increasing to 6.3% in 2015-16 and 6.6% in 2016-17. Released just head of the new govt’s budget, the report says: Domestic investments will rebound and manufacturing activities are likely to pick up. Simplified tax structure, Goods and … [Read more...] about World Bank’s Recommendations To India
Goods and Services Tax (GST)
India Inc Demand For Conducive Tax Reforms
Demands presented to the Union Finance Minister by India Inc: Fiscal consolidation without compromising on the quality of adjustment. Lowering of taxes. Raising tax exemption limit to Rs. 5 lakh from the existing Rs. 2 lakh. Easing curbs on gold imports. Clarity on retrospective amendment laws. Amendments to the Income Tax Act for simple, prospective taxation. Early … [Read more...] about India Inc Demand For Conducive Tax Reforms
Unrealistic Expectations
Routine breaching of records by the stock market makes one wonder whether this even has any significance in the long run. Although, BJP’s prime ministerial candidate Narendra Modi is being touted as the reason for this surge, the greater relief is the possible ousting of the corrupt UPA-II regime and its weak governance. While this surge may serve as an indicator of a … [Read more...] about Unrealistic Expectations
100 Day Agenda For New Government : CII
CII outlines 100 day agenda to new gevernment The Confederation of Indian Industry’s (CII) 100-day agenda along with its action theme for the year ‘Accelerating growth, creating employment’ was unveiled by its new President Ajay. S. Shriram who believes that with systemic reforms India can achieve a GDP of 8%. It includes : fiscal consolidation, introduction of the … [Read more...] about 100 Day Agenda For New Government : CII