Latest Expert Exchange Queries

GST Demo Service software link:
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Popular Search: due date for vat payment :: ACCOUNTING STANDARDS :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: TAX RATES - GOODS TAXABLE @ 4% :: cpt :: ACCOUNTING STANDARD :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: Central Excise rule to resale the machines to a new company :: articles on VAT and GST in India :: VAT RATES :: empanelment :: list of goods taxed at 4% :: TDS
Latest Circulars »
 RBI-Reporting and Accounting of Central Government Transactions of March 2018
  Sources of Variation in Foreign Exchange Reserves in India during April-December 2017
 Sources of Variation in Foreign Exchange Reserves in India during April-December 2017
 Developments in India’s Balance of Payments during the Third Quarter (October-December) of 2017-18
 Submission of returns by the Government-owned Non-Banking Financial Companies
 Agency commission payable to banks for operating Special Deposit Scheme (SDS)
 Directions under Section 35A of the Banking Regulation Act, 1949 (AACS) – Sanmitra Sahakari Bank Maryadit,
 Banking Regulatory Powers Should Be Ownership Neutral (Urjit R. Patel, Governor, Reserve Bank of India – March 14, 2018 – Inaugural Lecture : Centre for Law & Economics, Centre for Banking & Financial Laws Gujarat National Law University, Gandhinagar)
 50 LPA-OPening Very Urgent Chief Financial Officer (cfo)
 RBI Working Paper No. 2/2018 : Non-Linear, Asymmetric and Time-Varying Exchange Rate Pass-Through: Recent Evidence from India
 Discontinuance of Letters of Undertaking (LoUs) and Letters of Comfort (LoCs) for Trade Credits

RBI-Monthly Bulletin for September 2017
September, 13th 2017

The Reserve Bank of India today released the September 2017 issue of its monthly Bulletin. The Bulletin includes Speeches by the Top Management, two Articles and Current Statistics. The two Articles are: I. Monthly Seasonal Factors of Selected Economic Time Series, 2016-17; and II. Private Corporate Investment: Growth in 2016-17 and Prospects for 2017-18.

I. Monthly Seasonal Factors of Selected Economic Time Series, 2016-17

Seasonal adjustment of macroeconomic variables helps in estimating underlying sequential changes and understanding inter-relationships. This annual article, which is 38th in the series, presents monthly seasonal factors of 76 major macroeconomic variables covering five categories, i.e., monetary and banking indicators (14 series), price indices (30 series), industrial production (23 series), services sector indicators (6 series) and merchandise trade (3 series).

The seasonal factors have been estimated using X-13-ARIMA software package developed by the US Census Bureau, after suitably configuring it to suit the Indian conditions (e.g., trading day effect, Diwali festival effect). The monetary and banking aggregates witnessed major shift due to demonetisation of high value currency notes during November-December 2016 and subsequent rapid remonetisation. The estimation of seasonal factors in presence of such shift included appropriate treatment of outliers.

Main Findings:

  • Indicators of industrial production, monetary/banking and services sector indicators recorded a seasonal peak in March while the majority of price indicators recorded a seasonal trough in March-May.

  • CPI for vegetables showed very high seasonal variation. The seasonality of pulses and products increased significantly in recent times.

  • Within the IIP series, capital goods and intermediate goods recorded the highest and the lowest seasonality. Production of coal, cement and steel also exhibited strong seasonality.

  • Gradual dampening of seasonal variations was observed in 42 macroeconomic variables whereas 20 series experienced amplification of seasonal fluctuations.

  • Most of the monetary and banking indicators have witnessed considerable moderation in seasonality over the last decade. The seasonality of merchandise trade indicators has been rising during recent years.

II. Private Corporate Investments: Growth in 2016-17 and Prospects for 2017-18

Based on the data collected from major financiers of private corporate sector investment, an annual study undertaken by the Reserve Bank of India indicated that the total cost of projects assisted by the select banks / financial institutions (FIs) went up significantly in 2016-17; however, the actual capital expenditure, during 2016-17 by the private corporate sector declined for the sixth successive year.

Main Findings:

  • Loans sanctioned by select banks/FIs almost doubled from 954 billion in 2015-16 to 1,828 billion in 2016-17.

  • Power sector continued to have a dominant share (45.1 per cent) in the total cost of projects, though its share came down from 57.2 per cent in the previous year.

  • The states in which major investments were planned in 2016-17 include Gujarat, Maharashtra, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana and Tamil Nadu, accounting for nearly 64 per cent of the total cost of the projects planned.

  • As per the study it is envisaged that capex by the private and joint business sectors would be lower by 11 per cent in 2016-17.

  • The planned capex in 2017-18 indicates slight improvement over the position prevailing in the previous year.

Jose J. Kattoor
Chief General Manager

Press Release: 2017-2018/691

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Company Search Engine Optimization Company US SEO Local SEO Company Website SEO Company Alabama SEO Company Alaska SEO Company Arizona SEO Company Arkansas SEO Company California SEO Company Colorado SEO Company Connecticut SEO Company Delawa

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions