Posts Tagged ‘Prime Minister’

PM Adviosry Panel Suggests Drop in Inflation Rate to 7%

PM Adviosry Panel Suggests Drop in Inflation Rate to 7% by March End

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The Prime Minister”s advisory panel said inflation could fall to 7% by fiscal-end, in the midst of projection that inflation could touch the double-digit mark.

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However, noting that food prices which have pushed inflation to 7.31% for December are expected to ease in the coming months stated PMEAC Chairman C Rangarajan.

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Whereas, the Reserve Bank of India (RBI) should take some money control measures to tame the rising prices.

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Meanwhile, his optimism is in contrast to alarming projections given by market analysts.

Citi said that if the uptrend seen in fuel and metals continues, inflation could enter the double-digit range in the coming months.

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HDFC Bank Economists stated that inflation is expected to touch 8.5% by March-end.

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Moreover, Rangarajan said the rise in inflation is mainly because of the increase in prices of food articles, which is largely due to supply shortfalls.

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Rangarajan expected the RBI to take back some special refinance facilities from the system while the RBI has projected inflation to be around 6.5% by this fiscal-end.

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The RBI had offered refinance facility to various sectors of the economy, faced with credit squeeze in the economy due to financial crisis that broke out in September 2008.

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PM asks states to work for GST implementation

PM Manmohan Singh has asked the states to work towards speedy execution of the new indirect tax system

PM Manmohan Singh has asked the states to work towards speedy execution of the new indirect tax system

Prime Minister Manmohan Singh asked the states to work towards speedy execution of the new indirect tax system as the deadline of April 1, 2010, for introduction of proposed goods and services tax is nearer.

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However, the Centre and states have not yet reached an agreement for goods and services to be included in the GST regime.

Moreover, the decision on a lower charge on food products and exemption to some of them is still to be taken.

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Further, GST will do away with most of central indirect taxes like excise and service tax level and VAT as well as subsume local levies like octroi and purchase tax at the state level.

On the other hand, the Empowered Group of State Finance Ministers decided about the levy having a dual structure, one at the Centre and the other at the state level.

States also decided to have 2 main rates for GST along with a special rate for precious metals but the Centre is yet to take a call on it.

However, many states are not willing to subsume the local levy and also have a fear of losing financial autonomy.

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INDIA Gears Up to Celebrate the Glory of India’s 62nd Independence Day :)

India's Independence Day

Independence Day – August 15, 1947, the most important day in the history of India, the day when the long suppressed nation found utterance. πŸ™‚

It was the day when India got independence from the British rule.

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The stroke of the midnight brought with it a ray of new hope for India, as our first Prime Minister, Jawaharlal Nehru said, the world was asleep but India awoke to life and freedom.

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A new nation was born! πŸ™‚

Since then August 15 is celebrated as the Independence Day in India every year.

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Independence Day is celebrated all across the nation with great enthusiasm; the day is marked with the Indian flag hoisting ceremony at Red Fort and Prime Minister’s address to the nation.

All the state buildings and structures of national importance are adorned with β€˜Tricolor’.

In the evening , sky is dotted with hundreds of colorful kites symbolizing the freedom. πŸ™‚

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Indians around the world would celebrate their Independence Day once again tomorrow on Aug. 15 – the day, 62 years ago, when the Asian country shook off British rule.

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On Saturday, about billions of Indians are expected to gather in India and outside India to celebrate our 62nd Independence day. πŸ™‚

“Sixty years ago we started a new journey.
We were inspired by Mahatma Gandhi‘s thoughts and views.
In the true sense we will have freedom and independence only when we get rid of poverty.”

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Schools, Collages and offices all over in India are preparing to gear up for the celebrations with full fervor and up with rehearsals for the cultural activities to be performed after flag hoisting ceremonies,tomorrow.

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Police personnel, NCC cadets and Defence forces all across India are up with the practice marching at Parade Grounds in rehearsal ahead of Independence Day celebrations.

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Artisans all over India are fully occupied with the task of preparing mementos on Mahatma Gandhi and other freedom fighters in order to make it available to consumers who would rush in to buy the same.

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Same way, the stitching of national flags, our Tricolour, are on at workshops with full vigor all over in India, to meet the demands for Indian Flag tomorrow.

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Young boys and Girls are waiting keenly for tomorrow to paint their faces in tri-colour as Independence Day celebrations fervour gets in the air.

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Amid intelligence inputs about possible terror attacks ahead of Independence Day, an impregnable ground-to-air security apparatus is being put in place in the capital to pre-empt any such strikes.

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Thousands of personnel of Delhi Police and paramilitary are being deployed in and around the city, especially near Red Fort from where Prime Minister Manmohan Singh will unfurl the tricolour and address the nation.

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However nothing can deter our spirits to celebrate our 62nd Independence day.

We should be really Proud of INDIA and about the contribution of indians to the world but in the midst of our celebrations we must not forget about our Martyrs πŸ™‚

As well we need to remember that we all hindu, muslim, sikh, christians, buddhists are brothers [:)]

Long live those who stands for “Qoami ekta” and β€œUnity in Diversity” πŸ™‚

Hail to Our Father of Nation and all those Martyrs who got us our Freedom.

Proud To Be an INDIAN. πŸ™‚