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Morgan Stanley downgraded India’s growth forecast to 7.6% from 7.9% for FY2023 amid a slowdown in global growth, higher commodity prices and risk aversion in global capital markets. For FY24, it lowered its growth forecast to 6.7% from the 7% estimated earlier. On the global front, it projected growth at 2.9% in the calendar year 2022 as compared to 6.2% growth in 2021. Within Asia, India would be the economy which will be most exposed to upside risks to inflation. CPI (Consumer Price Index) inflation is expected to be 6.5% for FY23. The current account deficit widened to a 10-year high of 3.3% of GDP (Gross Domestic Product) in FY23.
An entry with more than one debit or credit is known as
In relation to Accounting Standards, Which of the following statement is incorrect?
With respect to AS 11 (The effects of changes in foreign exchange rates), which of the following statement is incorrect?
An assessee liable to pay advance tax is not liable to pay interest u/s 234B if the advance tax paid by him is not less than
…………… is the % by how much % can the sales drop down before the organisation start making losses
During a reporting period, a company’s assets increase by Rs. 80,000,000. Liabilities decrease by Rs. 20,000,000. Equity must therefore?
Interest for default in payment of installments of advance tax is levied u/s
ABC analysis is mainly used for:
A mutual fund has the following assets and liabilities:
Assets:
Stocks: $100 million
Bonds: $50 million
...
Which of the following is levied by State Government only?
