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India needs to sustain 9% annual growth, says FM
First challenge is to lead growth back to 9%
Second challenge is to deepen, broaden agenda for development
Third challenge, is the re-energize government, improve delivery
Infra proportion of total GDP to go up to 9% by 2014
India says significant increase in foreign capital inflow
India aims to increase investment in Infra to 9% of GDP by 2014
Uncertainty over the global economy revival remains, further stimulus needed: FM
IIFCL in collaboration with banks to evolve take-out financing plan for infrastructure activity.
India increases allocation for highways by 23%
India says Farm credit target for 2009-10 at Rs3.25Tln
Government announces rebate for farmers paying loan on time
India to extend enhanced export credit guarantee to march 2010
India to give all possible help to exporters
India to give credit at reasonable rate for SMEs
India to extend stimulus package for print medium to December
India to move towards new plan for fertilizer, direct subsidy transfer for framers
India will keep control of banks and insurance companies
India to modernise employment exchange, bring online access
India to provide funds for eight projects on climate change
India to roll out first set of Smart ID cards in 18 months
India to build 100,000 homes for security forces
India says Commonwealth games fund allocation by 50%
India sees total spending Rs10.2Tln in FY10
India to spend Rs120cr on Identity card program
India says fiscal deficit proposed at 6.8% of GDP
India to pursue changes in direct taxes
India to implement goods and services tax on April 1, 2010
India does not make any change in corporate tax
India increases personal Income Tax exemption limits
Exemption limit for senior citizen by 15k and rest all categories by 10K.
India to phase out 10% surcharge on Personal Income Tax
India to scrap FBT, says FM
India to increase Minimum Alternate Tax to 15%
India to provide investment linked tax breaks to oil pipelines
India to abolish CTT
India to extend Tax holiday on gas production
India to maintain overall Excise, customs and service tax
India sets 5% custom duty on set-top box
India cuts tax on LCD screens to 5%
India raises duty on gold bars to Rs200 for 10gms
India raises import duty on gold jewelery to Rs500/10gms
India To Restore 8% Excise On Man made Fiber, Yarn
India To Restore 4% Excise On Cotton Textiles, Mukherjee Says
India To Cut Duty On Wool Waste, Cotton Waste To 10%
India to fully exempt branded jewelry from exciseIndia to simplify service tax provisions.
India to extend service tax to goods moved by Rail, Post
No bonds to be issued to fertilizer companies
Evry year before budget eco panel under finance ministry Survey the economy and report some suggetions to loksabha. Here is the some point for this year......
Indian Economy Showing Early Signs Of Recovery, Government Says
India Infrastructure Spending To Stimulate Demand, Says Eco Survey
Indias Spending On Building Infrastructure To Help Industry
Indias Major Ports Cargo-Handling Growth Slows, Govt Says
India Economy may grow as much as 7.75% in FY10, says government
Indian Economy Showing Early Signs Of Recovery, Government Says
India Infrastructure Spending To Stimulate Demand, Says Eco Survey
Indias Spending On Building Infrastructure To Help Industry
Indias Major Ports Cargo-Handling Growth Slows, Govt Says
India Economy may grow as much as 7.75% in FY10, says government
Finnaly we get the Pranavda as our finance minister. He gives interview to media after two days gap of taking control the office. He said that the expectation of indian inc. is very high and some of the sector didn;t do well in slow down. So he point the manufacturing sector as the dragger of the slow down.
But personnaly I believe that the agriculture is the key for our economy, yes we are quietly changed in last 3-6 years. Still we facing some old problem in agriculture, which gives us the high inflation number. Due to inflation and other comodities import and subsidies we are facing resistance in good growth and competition with China. Realty, Metal, Cement sector gives some sign of revival, but the manufacring and consumer goods are still behind. Next month's IIP data is important for decide the GDP of 2009-2010.
Last week is the historical for stock market of India. As we all know that on monday the Sensex and Nifty both indicws hit the upper circuit twice which is never happen. The strong UPA lead result boost the confidence of investors. They buy agressively in hope of strong action on economic reforms from UPA Government.
Both Sensex and Nifty close 14-15% above from last week. This is happen after 17 years. Total weekly gain of sensex create the market capitalisation double in a day. Now some of the analyst predicting that the indian economy is keep going as last year, but be carefull economy isn't depend on stock market. Really the stock market is depend on economy and the good number boost the stock prises and so the indicies. But naturally after strong government we can expect some bold steps for indian industries which can give the extra dose of confidence. Let's see the Manmohan Singh's 100 day agenda for the real economy........
Some of the normal questions and answers we get from media after every election that some of party can change our economic prespect and some party can change our economic pictures in this way or something else..But I want to say that the in India Election and the budget behind this is the important part of our economy, Here I mean to say both Black and White money can effect the real economy.
As our election commision hawkeye the budget for every person who apply for candidate. Every candidate must submit there total acconut statement for election publicity and other personel wealt's report to commission. Here some of the candidate and party can't get the all taxable money to report. So Black money can play important role here which come in picture at every election. The real market's bounceback shows us the scenario htat we get atleast 15000 crore ruppes from election. which effect the our economy and boost the demand in real market.
As our election commision hawkeye the budget for every person who apply for candidate. Every candidate must submit there total acconut statement for election publicity and other personel wealt's report to commission. Here some of the candidate and party can't get the all taxable money to report. So Black money can play important role here which come in picture at every election. The real market's bounceback shows us the scenario htat we get atleast 15000 crore ruppes from election. which effect the our economy and boost the demand in real market.
Just look the chart of impotant data in my blog archive and see the past performance of indian economy. Among them IIP(Indian industrial production) data is the most important indicator to analyze the future demand supply channel. Data will be announced by central goverment on 12th day of every month.
This data is come from steel, cement, auto and some consumer product's production on monthly basis. The IIP reflects the current demand of market. So we can say that if IIP move up the chances of GDP to go up. But not at all time, some time it's gone revrse as in this global slowdown.
As the fourth phase of election on this thursday, Government will announce the iflation figure on friday at noon. I discussed it earlier that the in India WPI is concerned mainly in inflation calculation which is not effective for real inflation figure at consumer level. So Now new government will consider this topic as the fianancial secratery said.
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