Railway Budget 2011-12
Indian market is slipping on high crude price and inflation. Sanjeev Prasad of Kotak Institutional Equities feels that fiscal deficit could be more than 5.5% if crude prices remain at current levels.
The advance estimates (AE) of the Economic Survey 2010-11 put the growth rate of the services sector at 9.6%. This is despite global deceleration in the sector. The sector had registered 10.1% growth in 2009-10.
There is a marked improvement in the gross capital formation (GCF) also in agriculture sector.” This has been observed by the Economic Survey presented in the Lok Sabha today by the Finance Minister Shri Pranab Mukherjee.
The Indian economy is expected to grow at 8.75-9.25% in financial year 2012 according to the Economic Survey for the year 2011-12 announced on Friday. The Economic Survey 2010-11 report has been released by the government.
CII has pitched for reintroduction of Section 10 (23G) of the Income Tax Act, which provided tax exemption of interest and Long Term Capital Gains in the hands of infrastructure capital companies