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The department of industrial policy and promotion (DIPP) has reportedly offered over 8,386 acres of its idle land to other central ministries.  Spread across eight states, the land is not being used...
Mar 29, 2017
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Leasing of land, renting of buildings as well as EMIs paid for purchase of under-construction houses will attract the Goods and Services Tax (GST) from July 1.   However, sale of land,...
Mar 29, 2017
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The second day of the power-packed ET Global Business Summit 2017 saw experts discussing ‘India and the US in the age of Trump’. The consensus of the high-powered panel of experts was that Indian PM...
Mar 29, 2017
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The NITI Aayog is working on a fresh cabinet note for closure of 7 more sick central public sector enterprises (CPSEs), as part of its ongoing efforts to deal with mounting losses incurred by these...
Mar 29, 2017
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Aadhaar cards cannot be made mandatory by the government and its agencies for extending benefits of social welfare schemes, the Supreme Court said.    However, the government and its agencies...
Mar 28, 2017
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The Reserve Bank of India (RBI) and the government, which has decided to borrow Rs 3.5 lakh crore from the market in 2017-18, will finalise the first half borrowing calendar today.    The set...
Mar 28, 2017
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The roll out of the Goods and Services Tax (GST) on July 1 seems feasible with the Government of India introducing as many as four crucial bills in the Lok Sabha on Monday.    These bills...
Mar 28, 2017
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To decide if a global pact to limit supplies should be extended by another six months, a joint committee of ministers from Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC oil...
Mar 27, 2017
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In order to tackle the menace of mounting Non-Performing Assets (NPAs), a parliamentary panel has suggested the Finance Ministry to amend banking laws, including State Bank of India (SBI) Act that...
Mar 27, 2017
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The Comptroller and Auditor General of India (CAG) Shashi Kant Sharma is mulling over auditing the impact of demonetisation and the affect it has had on government tax revenues, a PTI report said....
Mar 27, 2017
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In his fortnightly radio programme Mann Ki Baat, Prime Minister Narendra Modi minister spoke on the importance of using less cash in our daily lives and urged people to support the digital payments...
Mar 27, 2017
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As overall activity is yet to bounce back post demonetisation, India’s GDP growth is likely to slowdown to 6.7 per cent in the January-March quarter of this fiscal, said a report.   Nomura said...
Mar 24, 2017
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India’s proposed trade facilitation agreement (TFA) in services is set for a tough negotiating process at the WTO.    “We find that the countries that are driving the services industry and...
Mar 24, 2017
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Goods and services tax (GST) bills need to be passed in the ongoing budget session, Finance minister Arun Jaitley said in his reply to debate on the budget in Rajya Sabha on Thursday. It is worth...
Mar 24, 2017
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In a sign of sluggish economy, India Inc has gone slow in raising funds from both abroad and at home. Reserve Bank of India (RBI) data reflects the same story as external commercial borrowings of...
Mar 24, 2017
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Tata Consultancy Services (TCS) has appointed V Ramakrishnan as CFO. He takes over from Rajesh Gopinathan, who has been appointed as chief executive officer and managing director. Ramakrishnan joined...
Mar 23, 2017
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The good news first: Our CFOs are an optimistic and hardy lot and believe in being prepared for any new challenge. Take for instance, the state of preparedeness for the looming set of compliances...
Mar 23, 2017
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The Union Cabinet has approved a policy for granting extension to licences of oil and gas fields on the condition of paying an additional 10 per cent profit share.   The extension comes...
Mar 23, 2017
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The Banks Board Bureau is working on a methodology for appointment of whole-time directors (WTDs) on the boards of public sector banks and financial institutions. It is worth mentioning here that...
Mar 23, 2017
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The recent mergers in the Indian telecom industry may result into more than 10,000 job cuts over the next year as companies combine many operations and do not need so many people to work on the...
Mar 23, 2017
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The government has decided to make Aadhaar card mandatory for filing I-T returns and applying for a PAN card. The idea is to plug evasion and frauds as finance minister Arun Jaitley indicated that...
Mar 23, 2017
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Political parties can now receive donations from India Inc without restraints following amendments to the Finance Bill passed in the Lok Sabha recently.   The amendments to the bill have...
Mar 23, 2017
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The Union finance minister Arun Jaitley has said the new indirect tax regime is likely to lower the cost of commodities and also make tax evasion difficult.   Addressing the 23rd Conference of...
Mar 23, 2017
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As automation technologies such as machine learning and robotics play an increasingly great role in everyday life, their potential effect on the workplace has, unsurprisingly, become a major...
Mar 22, 2017
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As India moves to a new accounting language viz. Indian Accounting Standards (Ind-AS),  which is a substantially converged version of International Finan­cial Reporting Standards (IFRS), the...
Mar 22, 2017
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MATHEMATICS IS THE music of reason. And he loves both – mathematics and music. His fascination with numbers is obvious from the fact that he loved scoring 100 out of 100 in the subject, although...
Mar 22, 2017
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In the wake of strong economic fundamentals, steady growth in domestic consumption and growth in rural markets, the Indian media and entertainment industry has sustained a healthy growth in 2016...
Mar 22, 2017
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The newly released Forbes list of the World’s Billionaires 2017 features more than 100 super rich Indians, with Reliance Industries chief Mukesh Ambani leading the club of Indian billionaires. The...
Mar 22, 2017
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The skill development ministry has been rapped by the Parliamentary committee for under-utilising funds allocated for 2016-17.    It called for the preparation of a proper action plan in the...
Mar 22, 2017
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To boost the insurance sector, the government is likely to allow 100 per cent foreign direct investment in insurance broking. The move will also attract more funds.    Present policy as defined...
Mar 22, 2017
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The government will infuse capital in state-owned IDBI Bank, Bank of Maharashtra and Dena Bank in lieu of preferential allotment of shares. Board of directors of IDBI Bank on Tuesday approved the...
Mar 22, 2017
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In the past two decades, a number of countries have embraced economic liberalisation and have opened their doors to foreign investors and collaborators. However, the business environment in these...
Mar 22, 2017
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With demonetisation affecting their collections across asset classes, Non-Banking Financial Companies (NBFCs) are likely to witness rise in delinquency levels over the next 1-2 quarters, said a...
Mar 22, 2017
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A recent negotiation with a client  brought home the bizarre point that legal teams are probably happiest when no one does anything. If there is business to be transacted, legal teams find problems...
Mar 22, 2017
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Q: How different is the millennial generation from the previous ones?   Raymond Jack: The millennial generation is significantly different from the previous ones; it is more technology savvy...
Mar 22, 2017
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Q: What is the current power sector scenario in India? Is the May 2018 rural electrification target achievable?   Harsh Shah: We are in a unique situation in India where as of end of FY15 we...
Mar 21, 2017
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Deepak Garg, executive director, 9dot9 media welcomed guests on behalf of CFO India and the Associa­tion of Chartered Certified Accoun­tants (ACCA) in the third and the final session, in a series...
Mar 21, 2017
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The Union Cabinet has approved four legislations needed to implement the Goods and Services Tax (GST) so that it can be introduced in Parliament this week.    The cabinet has approved the four...
Mar 21, 2017
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India will block Japan’s request for a dispute settlement panel at the WTO against penal duties on steel imports imposed by India.    Japan had asked the World Trade Organization (WTO) to set...
Mar 21, 2017
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THE MANY HATS OF THE CFO    V S Parthasarathy, Group Chief Financial Officer & Group CIO, Mahindra & Mahindra explains the diverse roles CFOs must play, the multiple challenges, and why...
Mar 21, 2017
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The British government will commence the official process of exiting the European Union (EU) under Article 50 of the Lisbon Treaty next week. As confirmed by a spokesperson for Downing Street, the...
Mar 21, 2017
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Consumer loan demand, which had seen a considerable drop shortly after demonetisation announced in November 8 last year, has largely recovered, a research report has found.    Further, initial...
Mar 21, 2017
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As part of its digital drive, Kerala-based private sector lender Federal Bank has plans to deploy more customer-relationship managers at its existing branches (over 1,250). The bank is focussing on...
Mar 21, 2017
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To express his concerns over mounting bad loans, Banks Board Bureau (BBB) Chief Vinod Rai has written to Finance Minister Arun Jaitley and Prime Minister's Office (PMO) and suggested a roadmap to...
Mar 20, 2017
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With the help of digitalisation and cash-less transactions, more than 80 per cent of informal economic activities, especially in the retail sector, would be brought into the formal economy, Union...
Mar 20, 2017
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Demonetisation will promote growth and development, said Jagdish Bhagwati, Professor of Economics, Law and International Relations at Columbia University, adding those experts who denounced it...
Mar 20, 2017
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The Central government will infuse fresh capital totaling Rs 8,586 crore into 10 weak banks subject to commitment to quarterly milestones by bank boards, management, employees and unions, according...
Mar 20, 2017
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E-commerce companies will now have to deduct Tax Collected at Source (TCS) while making payments to their suppliers, as per the new model GST law.   The new Goods and Services Tax (GST) law has...
Mar 20, 2017
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Not satisfied with the hike recommended by the 7th Pay Commission, central government employees in departments such as postal, income-tax, Survey of India, Census, Central Groundwater Board, and...
Mar 15, 2017
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