Sept qtr corp advance tax seen up 15 pct

Latest business news india : India's corporate advance tax in the September quarter is expected to rise 14.7 percent to 440.10 billion rupees ($9.14 billion), a finance ministry official said on Monday, adding it is expected to see better growth in the December quarter.

Corporate advance tax had fallen 3.7 percent in the June quarter, the official, who declined to be named, told reporters.

Source url: http://in.reuters.com/article/businessNews/idINIndia-42616720090922

New challenges put reforms

According to India Top News Rising food prices and a possible drought. Swine flu and a damaging corporate war. Even a diplomatic setback with rivals Pakistan.

Three months into office, India's ruling coalition is besieged by a slew of crises, undercutting the momentum from a resounding election victory and making it harder to carry through bold promises of policy change and economic reforms.

"The government is on the back foot. Its priorities have to shift to giving relief from the drought and high food prices," said V.K. Sharma, head of research at Anagram Stock Broking.

"In this situation policymaking can take a backseat and any spending to cushion the farm sector from the drought will widen the (fiscal) deficit. All the talk about a clear election mandate allowing the government a freer hand is now gone.

Read More: http://in.reuters.com/article/topNews/idINIndia-41843920090819

Latest India News

What about the breaking news, especially on the economy. Today, all are more concerned and give priority to India top news. Political tidbits and everyday business sagas, particularly money market, shares, stocks and related real gossips are the daily stories of India news. Thanks to the electronic and print media to let us know about the up-to-the-minute news!

Few days back, in latest news India, Satyam scam topped the list for several days together. This story still is a part of India top news followed by the story of another IT giant—Nortel. Indian news is not only popular in India but also worldwide. Well, this is because, as one of the fastest developing economies, it is not that highly affected by the global recession! The IT downslide is no doubt breaking news for all in this IT dominated scenario!