Finance

Sunil Sayal, CFO, Nokia Solutions   On the macro side, this Budget has put aside a larger proportion of resources for the upliftment of social standards and the rural population, namely...
Feb 02, 2018
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Vishesh C Chandiok, National Managing Partner, Grant Thornton India LLP: Overall, Budget 2018 is very much aligned to the macro-global direction – reduction in corporate tax rate, protecting...
Feb 01, 2018
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The International Monetary Fund has commended India for its efforts to lessen bad loans crisis in the banking system.    India has "quite a high" debt to GDP ratio, but New Delhi is trying to...
Apr 19, 2018
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In its latest forecast, the International Monetary Fund (IMF) pegs India’s GDP growth at 7.4 in 2018 and 7.8% in 2019. With economic growth accelerating in the current and next fiscal years, India...
Apr 18, 2018
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A recent World Bank report sheds light on the declining employment rate in the country, with women leaving the job market on a large scale. This report should surely be a matter of concern for the...
Apr 17, 2018
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Public Sector Banks (PSBs) in the country seems to have hit the roadblock with regard to NPA, as the recovery rate of non performing assets (NPAs), which were written off, has been declining....
Apr 17, 2018
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The World Bank has forecast a growth rate of 7.3 per cent for India this year and 7.5 per cent for 2019 and 2020. In the India section of the report, the Bank notes that the disruptive effects of...
Apr 17, 2018
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The annual Index of Economic Freedom released by a top American think-tank has India India at the 130th spot, jumping 13 places in the last one year. India had ranked 143rd with a score of 52.6...
Apr 13, 2018
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With a slew of financial scams unearthing, global credit agency Standard and Poor's (S&P) has suggested banks to improve risk management and corporate governance practices.   "As a number...
Apr 13, 2018
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The allegations of fraud at ICICI Bank have raised questions over its governance standards while creating reputational risks, said global rating major Fitch Ratings.   “An investigation into...
Apr 10, 2018
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In a step that may force chartered accountants, company secretaries, cost accountants and valuers to clean up their act and strengthen corporate governance in companies, Sebi to institute a set...
Apr 09, 2018
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A Bank of America-Merrill Lynch report has said that Indian banking sector could be staring at a potential dud asset pile of $38 billion from the power sector. There exists $53 billion of already...
Apr 06, 2018
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Chartered accountants and company secretaries could be brought under the jurisdiction the capital markets regulator.    It might issue securities regulations which chartered accountants,...
Apr 04, 2018
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The Securities and Exchange Board of India (Sebi) has released a list of about 2,200 entities that have failed to pay penalty imposed by the capital market regulator for violation of various...
Apr 04, 2018
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Finance secretary Hasmukh Adhia has said the government has crossed over the direct tax collection target for FY18.   According to a note by the Ministry of Finance, the provisional figures of...
Apr 03, 2018
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The validity of Condonation of Delay Scheme (CODS) 2018, which came into effect on January 1 2018, was extended by a month to April 30 by the Corporate Affairs Ministry. The CODS 2018 provides an...
Apr 03, 2018
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Businesses and transporters moving goods worth over Rs 50,000 from one state to another will have to carry an e-way bill.   "As per decision of the GST Council, e-way bill system became...
Apr 02, 2018
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The government is confident of meeting its revised fiscal deficit target of 3.5% of GDP for the current fiscal year, a top finance ministry official told ET.   The official data showed April-...
Mar 30, 2018
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The Ministry of Corporate Affairs Ministry has notified Indian Accounting Standard (Ind AS) 115, which will become effective from April 1.   Experts say Ind AS 115 will make accounting of...
Mar 30, 2018
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The capital market regulator, Sebi, has accepted most of the recommendations of the the Kotak Committee on Corporate Governance.   It is believed that businesses will become much more...
Mar 29, 2018
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The e-way bill is all set to be rolled out from April 1.   Finance Secretary Hasmukh Adhia has asked businesses and transporters to enrol for the new system.    Currently, 11 lakh...
Mar 29, 2018
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Punjab National Bank (PNB) has decided to clear the dues, in relation to the Rs 140-billion fraud case, of other banks. The dues, amounting to Rs 65 billion, are to be paid before March 31. The...
Mar 29, 2018
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The 14-member committee reviewing the Insolvency and Bankruptcy Code (IBC), in its 90-page report submitted to to finance minister on Monday has proposed that a case admitted for resolution can be...
Mar 28, 2018
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The consumers will no longer have to go through several columns to fill up the profiteering complaint form.   The Finance Ministry has reduced the number of columns to 16 in the single-page...
Mar 28, 2018
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There is a need to empower boards of public sector banks (PSBs) so that it works in an environment free from political interference, suggest some industry people.   According to them,...
Mar 27, 2018
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Indian economy is capable of doubling its size to $5 trillion by 2025, Economic Affairs Secretary Subhash Chandra Garg has said.   While addressing CII Global Industry Associations Summit in...
Mar 27, 2018
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The Insolvency and Bankruptcy Code review panel has suggested changes in the law which would go a long way to ease insolvency rules for micro, small and medium enterprises (MSMEs) and also provide...
Mar 27, 2018
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New norms on share buyback programmes are under consideration of market regulator Securities and Exchange Board of India (Sebi). Under the proposal,   maximum limit for share repurchase will be 25...
Mar 26, 2018
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The senior officials of Reserve Bank of India (RBI) might be hauled over coals in the wake of the financial fraud worth over ₹12,600 crore at Punjab National Bank (PNB), said a Businessline report...
Mar 26, 2018
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WTO chief Roberto Azevedo has said as of now he doesn't see global trade war escalating after US hiked tariffs on imported steel and aluminium.   In an interview with BusinessLine on the...
Mar 22, 2018
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The country's second largest public sector bank, Punjab National Bank, has pegged financial loss worth Rs 14,500 crore on account of frauds in this financial year.   The state-owned bank, in...
Mar 22, 2018
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India will hold talks with the United States on the steel import curbs, Union Minister of Commerce & Industry Suresh Prabhu said on Tuesday.   There is a growing concerns of a global trade...
Mar 21, 2018
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The capital market regulator, Sebi, has exempted the Government of India from making an open offer for the shareholders of six state-owned lenders after capital infusion.   The exemption was...
Mar 20, 2018
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The banking regulation law does not wholly apply to public sector banks (PSBs) and regional rural banks (RRBs), a senior Reserve Bank of India (RBI) official told ET.   The comments came six...
Mar 20, 2018
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Niti Aayog member and head of Economic Advisory Council, Bibek Debroy, said that India's net exports are not doing well even as the global economy is on the recovery path.    He said that India...
Mar 20, 2018
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The foreign investors have pumped in nearly Rs 64 billion in the equities segment in March so far on, says a report by PTI.   The equities segment witnessed massive fund outflow of over Rs 110...
Mar 19, 2018
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Ace investor Porinju Veliyath has said that at least 25% of the currently listed companies are likely to go out of business in the next 10 years and advised investors to stay clear of dodgy...
Mar 12, 2018
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EY has stated in its annual report that India Inc has the potential to release ₹1.8 lakh crore of cash trapped in its balance sheets.   The report, ‘Working capital management - are you leaving...
Mar 09, 2018
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Economic growth of 7.2 per cent during the October-December quarter has put India in one of the highest growth brackets in the world and recovery will continue to be sharp, Economic Affairs...
Mar 09, 2018
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Population of wealthy Indians, with assets of over USD 50 million, is likely to grow by nearly 71 per cent by 2022, according to property consultant Knight Frank’s Wealth Report 2018.    The...
Mar 08, 2018
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The Centre has reiterated that states must implement the national e-way bill system for intra-state movement of goods, latest by June 1.   In a written reply to a question in Rajya Sabha, MoS...
Mar 07, 2018
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Highlights:   Corporate India’s deal activity (M&A and PE) bounced back in January 2018 with y-o-y values recording over five-fold increase with marginal increase in the deal volumes. This...
Mar 01, 2018
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Asian stocks fell on Thursday after Federal Reserve chair Jerome Powell chief hinted for tightening of the US monetary policy this year.   In his first public appearance are being anointed head...
Mar 01, 2018
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The Central Statistics Office has pegged the third-quarter GDP growth at a 15-month high of 7.2 per cent due to robust expansion in manufacturing, trade, hotels and construction. This is the fastest...
Mar 01, 2018
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The fraud triggered at Punjab National Bank by jewellery czar Nirav Modi, is likely to increase banks’ non-performing assets (NPAs) from the gem and jewellery sector to 30 per cent from 12 per cent...
Feb 28, 2018
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The Government of India is considering establishing National Financial Reporting Authority (NFRA) to regulate and discipline chartered accountants.   The decision to create NFRA will be...
Feb 28, 2018
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India might have regained the status of the world's fastest-growing major economy in the October-December quarter, driven by higher government spending and a pick-up in manufacturing and services...
Feb 28, 2018
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The Indian economy may register a growth rate of 7 per cent - higher than the projected rate of 6.5 per cent - in the third quarter of 2017-18.    “There could be a marginal improvement in GDP...
Feb 27, 2018
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As many as 55 lakh taxpayers have filed their GST returns for the month of January so far, said GSTN chairman Ajay Bhushan Pandey said.   “The total number of 3B GST returns filed in the month...
Feb 27, 2018
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The capital market regulator Sebi and stock exchanges are looking into possible manipulation in equity and derivatives trade of some public sector banks (PSBs) after reports of issuance of fake...
Feb 26, 2018
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