First Advance Estimates released by the Central Statistics Office (CSO), the economy is estimated to grow at 7.1 per cent in 2016-17, as compared to the growth of 7.9 per cent achieved in 2015-16 https://www.taxtmi.com/news?id=17415 Estimated national output growth for 2016-17 is lower than the prior year, with sectoral forecasts showing moderated agriculture growth, reduced manufacturing expansion and continued services strength; Budget 2017-18 measures cited to support agriculture (higher credit targets, expanded crop insurance, augmented irrigation fund, interest waiver), industry (lower corporate tax for smaller firms, extended MAT credit carry forward, ease of doing business measures) and services (digital economy and infrastructure emphasis); repo rate decisions rest with the Monetary Policy Committee considering inflation and economic conditions. en-us Fri, 03 Feb 2017 18:33:37 +0530 Fri, 03 Feb 2017 18:33:37 +0530 TaxTMI RSS Generator First Advance Estimates released by the Central Statistics Office (CSO), the economy is estimated to grow at 7.1 per cent in 2016-17, as compared to the growth of 7.9 per cent achieved in 2015-16 https://www.taxtmi.com/news?id=17415 Estimated national output growth for 2016-17 is lower than the prior year, with sectoral forecasts showing moderated agriculture growth, reduced manufacturing expansion and continued services strength; Budget 2017-18 measures cited to support agriculture (higher credit targets, expanded crop insurance, augmented irrigation fund, interest waiver), industry (lower corporate tax for smaller firms, extended MAT credit carry forward, ease of doing business measures) and services (digital economy and infrastructure emphasis); repo rate decisions rest with the Monetary Policy Committee considering inflation and economic conditions. News - Fri, 03 Feb 2017 18:33:37 +0530 https://www.taxtmi.com/news?id=17415