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In a free and frank session with CFO India, Indrajit Banerjee, Former CFO Ranbaxy, discusses his top priorities in the Budget. Edited Excerpts:   Q: What are the key policy decisions to look...
Feb 04, 2016
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Maharashtra is set to see investments amounting to over Rs 4 trillion dollars during the Make in India week to be held in Mumbai during the coming weekend.  Chief Minister Devendra Fadnavis is...
Feb 09, 2016
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India is expected to ratify the WTO’s Trade Facilitation Agreement (TFA) soonest as the consultation process is nearly completed. TFA was conducted in Bali in 2013 by the WTO and is aimed at reducing...
Feb 09, 2016
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To strengthen corporate governance, more changes might be required in the Companies Act as well as in the Sebi regulations for listed companies, Union Minister Jayant Sinha said today. There are...
Feb 09, 2016
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Telecom Regulatory Authority of India (TRAI) has ruled in favour of those pitching for net neutrality in the country, thus dealing a severe blow to Facebook's highly-controversial 'Free Basics'...
Feb 09, 2016
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Tax

Over 1.75 crore assessees have received refunds from the government of India amounting to over Rs 1 lakh crore, said an official from the finance ministry on twitter.    Revenue Secretary...
Feb 08, 2016
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When it seemed that the bulls were making a strong case for a comeback, a late sell-off saw Indian shares retreat significant gains as Sensex fell to the day’s low.   Stock markets were largely...
Feb 08, 2016
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Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayad Al Nahayan's visit to India will see the two countries sign a host of pacts of economic co-operation in areas such as nuclear energy, oil, IT,...
Feb 08, 2016
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PM Modi has urged the youth that value-addition of natural resources and creation of new production units will help reduce imports as well as generate employment, while speaking at the inauguration...
Feb 05, 2016
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As the government tries to fix the sputtering growth engine in the Budget, Abheek Barua, Chief Economist HDFC Bank tells CFO India, the key priorities the government should concentrate on and gives...
Feb 05, 2016
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Tax

To ease communication with the Income-Tax departmen, the government has allowed tax payers to reply to notices using their registered email address. Detailed guidelines for using emails have been...
Feb 05, 2016
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The Indian economy is seeing many infrastructure projects in various stages of development, said Jayant Sinha, Minister of State for Finance. Speaking at the India Invest Summit 2016, the minister...
Feb 05, 2016
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For the first time in history, emerging market countries like Brazil, China, India, and Russia are now among the 10 largest shareholders of the International Monetary Fund (IMF). It has resulted in...
Feb 05, 2016
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LafargeHolcim is again considering selling its Jojobera and Sonadih units that was put on hold earlier. The company had earlier agreed to sell the factories to Brial for Rs 5000 crore to comply...
Feb 04, 2016
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India’s corporate governance standards and disclosures norms have been patchy . In a bid to improve the quality of disclosures, the BSE has partnered with IFC, International Finance Corporation,...
Feb 04, 2016
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The Budget session of Parliament is slated to start on February 23, and the Union Finance Minister will present the Union Budget on Feb 29 .  Cabinet Committee on Parliamentary Affairs headed...
Feb 04, 2016
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At a time when major countries across world are reeling under economic crisis, India stands relatively un-impacted by some of the factors which have caused the global slowdown. “India is...
Feb 04, 2016
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PSU banks will receive the next tranche of capital this quarter of about Rs 5000 crore. These funds will used to bolster the capital adequacies and net worth of banks. Financial Services Secretary...
Feb 03, 2016
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The Union Cabinet has given the nod for joint ventures in railways has between central and state governments. The move is in keeping with the requirement for funds and execution of new projects. The...
Feb 03, 2016
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Indian companies are now gearing up to adopt the new accounting standards as India is moving from the Indian GaaP to Ind-AS from next fiscal. But the impact of the move could be anywhere around 20...
Feb 03, 2016
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Start Up India initiative of the Government of India received further boost on Tuesday, with RBI announcing a series of steps to promote the ease of doing business and contribute to an ecosystem...
Feb 03, 2016
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Green initiatives are receiving better funding, and Moody’s expects that in 2016, global companies are likely to raise over $50 billion, up 17 percent from $42.4 billion issued last year for...
Feb 02, 2016
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MNREGA allocations of Rs 34000 crore have been fully spent and that additional resources are being provided to the scheme, said Finance Minister Arun Jaitley. The minister also allayed fears about...
Feb 02, 2016
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Reserve Bank of India, in its sixth bi-monthly monetary policy review announced today, has kept the Repo Rates and Cash Reserve Ration (CRR) unchanged at 6. 75 per cent and 4 per cent respectively...
Feb 02, 2016
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  Expressing concern over the deflationary mode of Wholesale Price Index (WPI) for several industrial products over a year, ASSOCHAM has called upon Reserve Bank of India (RBI) to accelerate...
Feb 01, 2016
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The RBI’s monetary policy will be closely watched and market observers do not expect the apex bank to cut rates in the upcoming monetary policy on Tuesday.   Some market observers contend that...
Feb 01, 2016
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Indian manufacturing is slowly reviving as rising order flows have boosted the Purchasing Manufacturers Index to a four-month high. The Nikkei India Manufacturing PMI rose to 51.1 in January from...
Feb 01, 2016
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Tax

The income-tax refund process is getting streamlined. Tax authorities plan to speed up cases of refunds in cases where a prior demand has been contested by the assessee.   The new internal...
Feb 01, 2016
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The government is all set to receive nearly Rs 637 crore as sale proceeds from the successful offer for sale of Engineers India. The issue was fully subscribed as the bids were about 1.01 times...
Jan 29, 2016
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The Indian stock markets surged sharply as the Bank of Japan cut interest rates to -0.10 percent to spur the global economy. The Bank of Japan’s move came as a surprise to the world markets and it...
Jan 29, 2016
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The Central Board of Direct Taxes said it has resolved over 100 cases with US and some more are expected to be resolved before the end of this fiscal. In order to boost investment sentiments among...
Jan 29, 2016
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  The government is likely to drastically scale down disinvestment targets for 2016-17 fiscal as the markets are expected to stay in subdued mood even in the next fiscal. “It is given that with...
Jan 29, 2016
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Indian companies may have to wait a while longer for rate cuts to materialise. Analysts reckon that the RBI is unlikely to cut rates during this coming monetary policy held to be on February. But...
Jan 28, 2016
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The first list of the smart cities has been announced by the Urban Development Minister Venkaiah Naidu. The top five cities on the list initially include Bhubaneshwar, Pune, Jaipur, Surat and Kochi...
Jan 28, 2016
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The road sector is getting a big boost from the central government. A Cabinet Committee on Economic Affairs has approved Hybrid Annuity Model as another mode to implement the highway projects,...
Jan 27, 2016
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The Government of India is taking a slew of measures to facilitate hassle-free filing of income tax returns. In its latest initiative, the Central Board of Direct Taxes (CBDT) has developed an easy...
Jan 27, 2016
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Prompted by the slowdown in China, the steep fall of oil prices, and the strengthening dollar, the US Fed is likely to keep a status quo on raising interest rates in the FOMC meet slated to end...
Jan 27, 2016
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Indian firms are seeing a rise in business sentiment, according to the MNI India Business Sentiment Indicator. The sentiment index surged to 61.8 per cent in January hitting a three-month on the...
Jan 27, 2016
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The meltdown in China has augured well for India.  For Apple, which registered a slight growth in iPhone sales and forecast its first revenue drop in 13 years, the Indian market stands out as a...
Jan 27, 2016
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India’s market participants are increasingly concerned about the potential spillover of external risks such as US interest rate tightening and China's ongoing slowdown, on India's growth story, a...
Jan 25, 2016
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Companies can now be incorporated faster as the government is setting up the Central Registration Centre (CRC) to improve the ease of doing business in the country. The CRC is being established by...
Jan 25, 2016
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France is all set to become a major industrial partner of India and is investing nearly $10 billion, or around Rs 67,540 crore, in India’s domestic industrial sector.    This is expected to...
Jan 25, 2016
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​A recent report by the real estate consultant Cushman & Wakefield in collaboration with industry chamber PHDCCI finds out that REITs can earn nearly Rs 51,800 crore by 2019.   This...
Jan 22, 2016
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India is the best country to invest in, according to a report released in Davos on Thursday. The report released on the sidelines of World Economic Forum annual meeting, however, placed India at...
Jan 22, 2016
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An oil price recovery sparked a revival in the domestic Indian equity markets with the Sensex surging smartly to end the week in flat territory at -0.07 percent. The week also saw oil prices tumble...
Jan 22, 2016
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Global FDI increased by 36 percent in 2015 to $1.7trillion and is the highest since the financial crisis hit the global economy. Among the biggest host nations for FDI inflows is US with FDI worth...
Jan 21, 2016
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Tax

For a greater degree of stability and predictability, India is changing its tax laws with the GST (Goods and Service Tax) a big step towards this, said Finance Minister Arun Jaitley.   The...
Jan 21, 2016
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Global economic growth prospects seem gloomy, but India is set to march ahead. In its World Economic Outlook report, International Monetary Fund (IMF) projected India’s growth rate at 7.5 per cent...
Jan 21, 2016
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India is finally being recognized as a major player in the global economy. The country ranks among the five most promising markets for business globally. The annual global CEO survey of PWC said...
Jan 20, 2016
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It was a forgetful day for stock market bulls, as the Sensex lost heavily at one point losing over 600 points. Towards the end of the day, however, the markets staged a smart recovery and closed...
Jan 20, 2016
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