Tax Gdp Ratio

Feb 10, 2016 at 18:10 | Source: PTI
"We are likely to exceed the collection in indirect tax by about Rs 40,000 crore in the current year. On the whole, we are very optimistic about achieving annual tax revenue target for the year," Revenue Secretary Hasmukh Adhia said.
Jan 25, 2016 at 09:58 | Source: Moneycontrol.com
The upcoming Budget, which will be presented on February 29, will see Finance Minister Arun Jaitley trying to balance pressures from the Pay Commission report, and his promise to lower corporate tax and raise capex
Jan 22, 2016 at 15:42 | Source: PTI
"Falling crude oil price provide us a headroom for increasing excise duty on petrol and diesel. It will help in meeting fiscal deficit target of 3.9 percent for the current fiscal," said an official source.
Jan 21, 2016 at 11:51 | Source: PTI
"It has been our effort in India to gradually transform and change most of our taxation laws, put to rest various disputes and issues which have been pending and make sure that the scope of discretions is eliminated and there is a greater degree of stability and predictability as far as taxation laws are concerned," Jaitley said.
Jan 17, 2016 at 15:43 | Source: PTI
The government has decided not to cut its annual borrowing this fiscal as it wants to keep public spending high in order to keep growth engines running.
Jan 15, 2016 at 09:14 | Source: PTI
The ratings agency added that it is all the more crucial for enhanced public spending to drive growth till corporate earnings recover fully. If the government decides to go for fiscal loosening in the Budget, the BSE 500 companies can achieve 12-14 percent pre-tax profits, it said in a statement.
Jan 13, 2016 at 18:46 | Source: CNBC-TV18
The Finance Minister took stock of the economy with all the financial regulators, reiterating the government's growth target of around 7.5 percent, while acknowledging the fact that the global situation remains challenging.
Jan 12, 2016 at 15:56 | Source: PTI
In their pre-budget meeting with Finance Minister Arun Jaitley, representatives from social sector sought allocation under the Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA) be increased by Rs 5,000 crore and spending of 10 per cent of the GDP on the education sector.
Jan 11, 2016 at 08:21 | Source: PTI
Jaitley also called upon the states to improve ease of doing business with a view to attract investors saying they are "smart people" and look for "stability of policy (and) business friendly ecosystem."
Jan 07, 2016 at 19:20 | Source: PTI
"There are various options being considered, including seeking a higher dividend from cash-rich central public sector enterprises (CPSEs) and dilution of stake in Axis Bank," sources said.
Messages on Tax Gdp Ratio »

R Jagannathan

Platinum Member

1462 Followers

Tax Planning & Help  

Abolishing Income Tax: Why tax-GDP ratio must come down as we grow At the heart of any question about tax - whether on incomes or non-income - is one of ideology and social philosophy, not just economics. If you believe in the idea of free markets and a minimal state, the question on whether you

3.11 PM Jan 7th 2014

madhu_sharm
a

Silver Member

6 Followers

Market Strategy - Short Term  

local and global factors. That being the case, the only way current account deficit can be kept in check is by reducing imports of gold and oil.It is better to acheive fiscal consolidation partly through a higher tax-GDP ratio than merely through reduction in the expenditure to GDP ratio

8.00 PM Feb 27th 2013

Eudes

Silver Member

0 Follower

Economy  

Well said.our complex tax administration systems have only promoted corruption otherwise why we have the lowest tax /GDP ratio.People at times are reluctant to get into the tax system not because they want to evade taxes but to evade the harassment at times existing in the system.Hope Mr FM

10.41 PM Feb 6th 2013

Market Analysis - Fundamental View  

for him to put the facts like what is the oil price and deficit of the country, what is the cost of the govt as a percentage of GDP comparing with other countries like US and other BRIC countries. Govt cries alwasy that the tax gdp ratio then what about the Govt expenditure to the GDP ratio. Meida always

1.01 PM Sep 20th 2012

Web Messenger

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Tax Planning & Help  

Source:The Hindu BusinessLine - New Delhi, June 15: India should aim for a tax-GDP ratio of 20 per cent in the next two years, the Chief Economic Advisor, Dr Kaushik Basu said on Friday. Currently the combined tax-GDP ratio for the Centre and States put together is 15 per cent. “We need to have

10.41 AM Jun 16th 2012

arcadiastoc
ks82

Platinum Member

914 Followers

Budget  

Need to raise tax-GDP ratio Will make some amendment in FRBM ACT FRBM implementation back on track Fiscal balance deteriorated due to subsidy Avg price of crude to exceed $115 dollar/barrel in 2012 Current account deficit at 6.3% of GDP in FY12 Avg price of crude to exceed $115 dollar

6.22 PM Mar 16th 2012

Budget 2012

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Tax Planning & Help  

Need to raise tax-GDP ratio for fiscal consolidation

2.49 PM Mar 16th 2012

Budget 2012

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Tax Planning & Help  

Need to raise Tax-GDP ratio for fiscal consolidation: Sanjiv Chaudhary

12.27 PM Mar 16th 2012

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News Now  

Source:The Hindu BusinessLine - New Delhi, March 13: The Centre for Budget and Governance Accountability and Oxfam India have urged the Finance Minister to take a re-look at certain tax exemptions, to raise resources for welfare schemes. Expressing concern at the low tax-GDP ratio at a press meet

12.27 PM Mar 14th 2012

Web Messenger

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334608 Followers

Tax Planning & Help  

Source:The Hindu BusinessLine - New Delhi, March 13: The Centre for Budget and Governance Accountability and Oxfam India have urged the Finance Minister to take a relook at certain tax exemptions, to raise resources for welfare schemes. Expressing concern at the low tax-GDP ratio at a press meet

11.35 AM Mar 14th 2012

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