TaxTMI 
TaxTMI 
Gross Domestic Saving Rate
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....ross Domestic Saving Rate <br>News and Press Release<br>Dated:- 5-12-2014<br><BR>The gross domestic savings rate declined from 33.7 per cent in 2010-11 to 31.3 per cent in 2011-12 and to 30.1 per cent....
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.... in 2012-13 (the latest year for which data is available). The major reasons for the decline in the rate of gross domestic savings include; moderation in the profit of the private corporate sector, gr....
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....eater dissaving of public authorities in 2011-12 and decline in household savings, in particular, financial savings, largely on account of persistent inflation. The Union Budget 2014-15 proposed meas....
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....ures to revitalize savings, especially of the households that, inter alia, included; raising the investment limit under Section 80C of the Income Tax Act from ₹ 1 lakh to ₹ 1.5 lakh and ra....
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....ising the income tax exemption limit by ₹ 50000 for individual taxpayers. Kisan Vikar Patra has been re-launched to mobilize small savings. The launch of "Pradhan Mantri Jan Dhan Yojana" would c....
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....ontribute to greater financial inclusion and better mobilization of household financial savings. Greater public saving is sought to be achieved, inter alia, through efforts at fiscal consolidation. T....
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....his was stated by Shri Arun Jaitley, Finance Minister in written reply to a question in the Lok Sabha today.<BR> News - Press release - PIB....