Finance Minister is Optimistic About Sustaining Growth Momentum in 2011-12 and Coming Years as Economy’s Fundamentals are Strong; Says Major Challenge in Short Term is Inflation and Government Takes Various Steps to Contain it; Says Private Sector to Play an Important Role to Address Sructural Concerns.

Finance Minister is Optimistic About Sustaining Growth Momentum in 2011-12 and Coming Years as Economy’s Fundamentals are Strong; Says Major Challenge in Short Term is Inflation and Government Takes Various Steps to Contain it; Says Private Sector to Play an Important Role to Address Sructural Concerns. https://www.taxtmi.com/news?id=1974 Policy emphasis is on managing inflation driven by global commodity shocks and domestic supply constraints through monetary tightening, budget measures to ease food-supply bottlenecks, and calibrated adjustment of administered petroleum and fertiliser prices to contain fiscal expansion. Sustained medium-term growth is to be supported by mobilising private investment-notably through public-private partnerships for infrastructure-and by strengthening agricultural supply response via investment, agro-processing, credit support and institutional measures such as NABARD recapitalisation. Governance and anti-corruption reforms, including UID and IT-enabled tax administration, are positioned to improve transparency and service delivery. en-us Wed, 06 Jul 2011 18:09:29 +0530 Wed, 06 Jul 2011 18:09:29 +0530 TaxTMI RSS Generator Finance Minister is Optimistic About Sustaining Growth Momentum in 2011-12 and Coming Years as Economy’s Fundamentals are Strong; Says Major Challenge in Short Term is Inflation and Government Takes Various Steps to Contain it; Says Private Sector to Play an Important Role to Address Sructural Concerns. https://www.taxtmi.com/news?id=1974 Policy emphasis is on managing inflation driven by global commodity shocks and domestic supply constraints through monetary tightening, budget measures to ease food-supply bottlenecks, and calibrated adjustment of administered petroleum and fertiliser prices to contain fiscal expansion. Sustained medium-term growth is to be supported by mobilising private investment-notably through public-private partnerships for infrastructure-and by strengthening agricultural supply response via investment, agro-processing, credit support and institutional measures such as NABARD recapitalisation. Governance and anti-corruption reforms, including UID and IT-enabled tax administration, are positioned to improve transparency and service delivery. News - Wed, 06 Jul 2011 18:09:29 +0530 https://www.taxtmi.com/news?id=1974