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	<title>GKshineDotCom &#187; indirect tax Collection</title>
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		<title>Current Affairs::Economy</title>
		<link>http://gkshine.com/2011/09/current-affairseconomy/</link>
		<comments>http://gkshine.com/2011/09/current-affairseconomy/#comments</comments>
		<pubDate>Sun, 11 Sep 2011 05:04:27 +0000</pubDate>
		<dc:creator>gkshine2011</dc:creator>
				<category><![CDATA[Current Affairs]]></category>
		<category><![CDATA[Economy]]></category>
		<category><![CDATA[Bank credit increases 3.75%]]></category>
		<category><![CDATA[Core Subsidy Management System]]></category>
		<category><![CDATA[CSMS]]></category>
		<category><![CDATA[Current Account Deficit]]></category>
		<category><![CDATA[Fourth Advance Estimates for Food-Grains]]></category>
		<category><![CDATA[Income Tax Return]]></category>
		<category><![CDATA[India's per Capita Income]]></category>
		<category><![CDATA[indirect tax Collection]]></category>
		<category><![CDATA[Innovation Efficiency Index]]></category>
		<category><![CDATA[Nandan Nilekhani]]></category>
		<category><![CDATA[Repo rate raised from 7.5% to 8%]]></category>
		<category><![CDATA[Socio-Economic and Caste census]]></category>
		<category><![CDATA[TATA group wealth crosses $100Bn]]></category>
		<category><![CDATA[Unemployment Rate]]></category>

		<guid isPermaLink="false">http://gkshine.com/?p=167</guid>
		<description><![CDATA[1. Quarterly Review of Monetary Policy on July 26, Repo rate raised from 7.5% to 8%, Reverse Repo Rate raised from 6.5% to 7%, CRR kept Unchanged at 6%. 2. Nandan Nilekhani Submitted report on Direct Cash Transfer, suggested measures of CSMS, Core Subsidy Managemen System for Kerosene, LPG and Fertilizers. 3. Country&#8217;s Export Registered 45.7% growth in First Quarter, of 2011-12. 4. NSSO says Indian still spends big chunk of their...]]></description>
			<content:encoded><![CDATA[<p><a href="http://gkshine.files.wordpress.com/2011/09/cooltext55790854824.png"><img class="alignnone size-medium wp-image-168" title="cooltext557908548" src="http://gkshine.files.wordpress.com/2011/09/cooltext55790854824.png?w=300" alt="" width="300" height="67" /></a></p>
<p>1. Quarterly Review of Monetary Policy on July 26,<strong> Repo rate raised from 7.5% to 8%</strong>,<strong> Reverse Repo Rate raised from 6.5% to 7%</strong>, CRR kept Unchanged at 6%.</p>
<p>2<strong>. Nandan Nilekhan</strong>i Submitted report on Direct Cash Transfer, suggested measures of <strong>CSMS, Core Subsidy Managemen System</strong> for Kerosene, LPG and Fertilizers.</p>
<p>3. Country&#8217;s <strong>Export Registered 45.7%</strong> growth in First Quarter, of 2011-12.</p>
<p>4. NSSO says Indian still spends big chunk of their expenditure on<strong> Food Items</strong>.</p>
<p>5. Salaries people exempted from filing  Income Tax Return, for the assessment year 2011-12.</p>
<p>6. <strong>Fourth Advance Estimates for Food-Grains</strong> in 2010-11, production amounts to 241.5mMT.Rice production is 95.32m MT, Wheat production is 85.93mMT, Coarce Cereals 42.22m MT, Maize-21.28mMTand Pulses-18.09mMT.Cotton production is also ever Highest upto 33.43 million Bales.Sugarcane production is 339.17m MT.</p>
<p>7. During First Quarter of 2011-12, <strong>indirect tax Collection shown a rise of 32%</strong>.</p>
<p>8. <strong>Unemployment Rate falls to 2%</strong> in 2009-10:NSSO (National sample Survey Organization).</p>
<p>9. <strong>Innovation Efficiency Index</strong>:: India ranked at<strong> 62 postion</strong>, top on the table is Switzerland.</p>
<p>10.<strong> Current Account Deficit</strong>:: declined to $5.4Bn.declined to 2.6% of GDP from 2.8% of GDP.</p>
<p>11. World Bank Repot:: <strong>8.5% growth in Asia in 2011-12 and 8.1% in 2012-13</strong>.</p>
<p>12. <strong>India&#8217;s per Capita Income crosses Rs 50000 to Rs 52835, says</strong> CSO.</p>
<p>13.<strong> 12th plan to target 9-9.5% Growth</strong>: Planning Commission.</p>
<p>14. <strong>TATA group wealth crosses $100Bn</strong>.2nd company after Mukesh Ambani led Reliance Industries.</p>
<p>15. <strong>Bank credit increases 3.75%</strong> in Q1 of 2011-12.</p>
<p>16.Foreign Exchange Reserve increases to <strong>$315.715Bn</strong>.</p>
<p>17.<strong> CPI increases 1.59%</strong> in June.</p>
<p>18. <strong>Socio-Economic and Caste census</strong> begin Chandigarh as Pilot Project.</p>
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