CAclubindia News

Indian Economy Holds out Despite Global Uncertainty

15 March 2012 at 13:37

The big story of the last decade for India has been its arrival on the global scene and there was no looking back from the first years of the first decade of the 21st Century. The Economic Survey 2011-12 tabled by the Finance Minister, Shri Pranab

Posted in Others | 2802 Views

Services Sector Proves Saviour of Indian Economy During the Global Crisis; Grows by 9.4% Despite Slowing GDP Growth

15 March 2012 at 12:48

The global recession only partially succeeded in slowing the Indian economy thanks to the continual offsetting growth of service sector to nearly 10% in the year 2010-11. The Economic Survey 2011-12 presented in the Lok Sabha today, suggests that

Posted in Others | 4578 Views

Economic Survey Pegs Industrial Growth at 4-5% in the Current Financial Year - Industrial Sector Expected to Rebound During Next Financial Year

15 March 2012 at 12:45

Survey Calls for Boosting of Business Sentiments, Encouraging Investment and Identifying Bottlenecks The Economic Survey 2011-12 tabled in the Lok Sabha here today by the Finance Minister, Shri Pranab Mukherjee has projected the industrial-secto

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Options to Ensure Price Stability in Food Items - Economic Survey

15 March 2012 at 12:43

According to Economic Survey 2011-12, compositional shift in food basket of common household has increased demand of some food items. There are some constraints also in supply side which have been exposed during t

Posted in Others | 2715 Views

Government Takes Calibrated Steps to Rein in Inflation - Growth Rate Expected to Pick up in 2012-13

15 March 2012 at 12:43

Survey Emphasises the Need for Rapid Fiscal Consolidation India’s Cris Rating Improves by Nearly Three Percent The Economic Survey 2011-12 suggests policies to put India on a surer footing for sustained, inclusive growth and all-round de

Posted in Others | 2511 Views

Public Sector Banks Show 19 Per Cent Growth in Priority Sector Lending

15 March 2012 at 12:43

Credit Disbursement to Agri Sector Exceed Target by 19 Per Cent; Over 127 Lakh New Farmers Benefitted 98 Per Cent Public Sector Bank Branches Fully Computerised Despite the demanding operational environment, the Indian banking sector demonstr

Posted in Others | 4065 Views

Highlights of Economic Survey 2011-12

15 March 2012 at 12:28

Economic Survey -2011-12 Following are the highlights of Economic Survey 2011-12 : Rate of growth estimated to be 6.9%. Outlook for growth and stability is promising with real GDP growth expected to pick up to 7.6% in 2012-13 and 8.6% in 2013

Posted in Others | 1 comments | 5334 Views

Summary of Economic Survey - Survey Pegs GDP Growth At 6.9% in 2011-12

15 March 2012 at 12:27

Outlook Brighter for Next Fiscals Indian economy is estimated to grow by 6.9% in 2011-12 mainly due to weakening industrial growth. This indicates a slowdown compared not just to the previous two years, when the economy grew by 8.4%, but also fr

Posted in Others | 3606 Views

New e-filing call center will start working from 15th March 2012

15 March 2012 at 11:59

New e-filing call center will start working from 15th March 2012. For any query related to online filing of Income Tax Returns, please call 080-25186960 between 9am to 6 pm on all working days. Taxpayers are advised to make use of the above facili

Posted in Income Tax | 4788 Views

Mid-Quarter Monetary Policy Review: March 2012

15 March 2012 at 11:25

Monetary and Liquidity Measures On the basis of the current macroeconomic assessment, it has been decided to: keep the cash reserve ratio (CRR) of scheduled banks unchanged at 4.75 per cent of their net demand and time liabilities; and keep

Posted in Others | 2238 Views