Home / Knowledge / News / FM invites Members suggestions for Union Budget 2008-09
FM invites Members suggestions for Union Budget 2008-09
02
Feb '08
This year's first Meeting of the Parliamentary Consultative Committee attached to Finance Ministry was held under the Chairmanship of the Finance Minister, Shri P. Chidambaram.

He briefed the Members about the buoyancy of Indian economy and revenues and invited suggestions from the Members for the Union Budget for 2008-09.

The Finance Minister said that overall macroeconomic fundamentals continue to be strong. With tax collections increasing at a healthy pace reflecting the growth potential that could be further harnessed and expenditure trends in the FY 2007-08 encouragingly pointing towards to the achievement of the fiscal targets envisaged under the FRBM mandated roadmap, further reforms in critical sectors and better implementation to ensure more efficient delivery of public services across all sections of society will see the India growth story sustained and consolidated over the Eleventh five year Plan period.

Shri Chidambaram said that buoyant economic growth along with efforts to improve the tax administration system has yielded rich dividends. As a result, Central tax to GDP ratio is estimated to have increased from 8.2 per cent in 2001-02 to 11.8 per cent in BE 2007-08.

This increase has provided the Central Government with additional resources which are not only being shared with State Governments but are also being utilized by the Centre for meeting expenditure in the social and infrastructure sectors and for achieving fiscal consolidation. Gross Tax Revenues are budgeted at Rs. 5,48,122 crore in 2007-08.

Must ReadView All

President Donald Trump; Courtesy: White House

Textiles | On 23rd Jan 2017

US textile industry eager to work with President Trump

The US textile industry is eager to work with President Donald Trump...

Textiles | On 23rd Jan 2017

China’s cotton imports down 39% in 2016

China’s total cotton imports declined by 39.1 per cent to ...tons in...

Courtesy: ZDHC

Textiles | On 23rd Jan 2017

Oeko-Tex joins ZDHC programme for sustainability

Oeko-Tex, an independent textile testing institute working for the...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search