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Finance executives in India are looking forward to mitigation of a number of their concerns in Budget 2016-17. CFO India decodes their priorities.
Feb 10, 2016
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Expectations galore as the countdown to the Budget 2016 begins. We at CFO India find out the top priorities of finance professionals in the government's 'make or break'  Budget.
Feb 10, 2016
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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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Minister of State, Finance Jayant Sinha has urged chartered accounts to take responsibility and ensure tax dues are collected by the government. The minister also said that India as a nation is ‘...
Feb 12, 2016
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The RBI governor has fired a salvo at analysts for magnifying the bad loan problem at banks. Speaking at an the Mumbai bankers summit Rajan said, “There are some wild claims being made by some...
Feb 12, 2016
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The Indian bond market is worried that the government’s borrowing limits the next fiscal could crowd out corporate financing and raise rates in the economy. Bond market participants are expecting...
Feb 12, 2016
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In its third-quarter results, State Bank of India reported a sharp fall in standalone profits of 61.7 percent to Rs 1115 crore on higher povision.    Asset quality also weakened in the third...
Feb 11, 2016
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The government is planning to align the small-saving interest rates with that prevailing in the market and specifically with the rates on government securities.    Economic Affairs Secretary...
Feb 11, 2016
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The BSE Sensex today plunged over 800 points to below 23,000 level after reports of loss by public sector banks in the December quarter of FY16. The Nifty also breached the key 7,000 mark for the...
Feb 11, 2016
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In early February 1983, an anti-outsider agitation swelled to what is now remembered as Nellie massacre in Assam. The bloodthirsty mob was on a killing spree and had put to death almost 3,000...
Feb 11, 2016
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In the march of motivated policy reforms that are afoot in India, a new insolvency code was tabled in Parliament late last year. A hat tip is due to the Bankruptcy Law Reform Committee (BLRC) for...
Feb 11, 2016
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:It’s the start of a new year. CFO India wishes the very best to its readers and hopes that 2016 is kind to everyone. Even as I write this column, though, January is over. The sense of time ticking...
Feb 11, 2016
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Tax

Buoyed by indirect tax collections, which is likely to exceed targets by around Rs 40,000, crore, the government’s revenue targets are expected to be comfortably achieved during this fiscal....
Feb 10, 2016
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Stocks are giving up value as foreign investors are selling heavily in the Indian markets which saw the frontline BSE Sensex lose 909 points so   far this week. During the third day of selling, the...
Feb 10, 2016
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Indian companies have barely scratched the surface of e-commerce potential in the country going by a latest report. India could reach a size of $40-50 billion in e-commerce sales by 2020 from the...
Feb 10, 2016
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Even as global economic gloom looms large over emerging countries, India continues to be an optimistic destination for investors. World Bank, IMF and several other institutions have accepted that...
Feb 10, 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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