Category: Breaking Corporate India Earnings News

The Government of India in the Finance Bill of 2012-13 has proposed a Income Tax Collection by means of TDS of 1% to Nail Down Citizens who have been evading Income Tax despite making a moolah in Land Deals. What does the Bill say ?

Excerpts of the Proposed Income Tax TDS on Immovable Property is as follows
1. Definition of Immovable Property according to the Bill, (more…)

The Jan-2012 IIP number release was much better than expected at 6.8% y/y ( December was also revised higher to 3.5. Though consensus was much lower at 2.1%. The biggest surprise was the driver of this strong number. Consumer non durables ( has a weight of 21% in the overall IIP) grew at astonishing rate of 42% y/y. Since the IIP series began in 2004-05 , this is the highest growth ever recorded by the sub index of consumer non durables.

Some Rise sharply in January: In the manufacturing segment, growth accelerated (more…)

Repeated Requests to the Finance Ministry to have PAN Cards Mandatory for ALL Property Transactions has been answered partly. The Indian Income Tax Department launched aggressive drive to collect information on 623,384 persons involved in High Valued Property Transactions across India in FY 2009-10 and FY 2010-11. Each of these individuals have transacted over Rs 30 Lakh and the field Agents of the Income Tax Department have done a commendable job by collecting data (more…)

Headline WPI inflation in December decelerated sharply to 7.47% from 9.11% in November, the softest print since December 2009. The headline print was lower on account of a favorable base and sharp decline in food inflation (down 3.1% m-o-m). However, demand side price pressures continues to persist as reflected in the 0.6% m-o-m rise in manufactured products inflation to 7.41%.

Manufactured products inflation showed little (more…)

The Congress Government headed by DR Manmohan Singh is likely to crash land the Indian Economy. DEsperate to preserve the lost battle for Larges Ever Scams in the history of India, Government is unveiling Populist Measures. But where is the Money to fund the same ? Is the remotely controlled PM Driving the economy Italian Way to Crisis & Defaults ?

Forget the Food Security Bill which will burden the State Exchequer by an additional $10 Bn. Market Insiders who stay in touch with Power-brokers in New Delhi have heard that payments on rural loans have stopped being made because (more…)

It is now evident from Inflation numbers that the Government is Unable to tackle the Inflation and the key question is does anybody in the Government is Concerned at all ? Indian Inflation in September – 2011 is at 9.72%. Going forward, we expect inflation to remain elevated at 9%+ for the next 2-3 months before coming off to 8% and nothing lower than that, unless the (more…)