Finance

The online filing and registration system by the capital market regulator, Sebi, has had a mixed response by the intermediaries.   The system was introduced to usher ease of doing business...
Jan 22, 2018
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The Minister for Finance Arun Jaitley is likely to deliver speech to the boards of Sebi and Reserve Bank of India on February 10, a senior official told PTI.   It is a practice for the finance...
Jan 22, 2018
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The time for Sebi’s online filing and registration process for intermediaries to usher in ease of business has doubled or trebled as against the earlier timeline of a month. This is due to...
Jan 22, 2018
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The government is likely to bring the composition scheme under the reverse charge mechanism right away due to apparent GST evasion. The government will move an amendment to the GST law in the...
Jan 22, 2018
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The EU, Japan and the US have objected to India's decision to raise import duties on mobile phones, TVs and projectors.   These countries have lodged a complaint against India at the World...
Jan 19, 2018
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“Irrespective of age, we are never tired of recognition, felicitation and encouragement to go further in whatever we have set out to do” —Sindhushree Khullar, Chief Guest, CFONEXT100   The...
Jan 19, 2018
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The telecom regulator Trai is set to hold meeting with firms on January 23 to discuss issues that can form a part of to-do list of 2018.    "We will be meeting the industry on January 23 to...
Jan 18, 2018
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With about 36 companies lined up for asset-sale, the government may increase its divestment target for the next financial year 2018-19.   According to a report by ET, the government has raised...
Jan 18, 2018
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India has the potential to be a $5 trillion economy in the next 8–9 years with the manufacturing sector witnessing 20 per cent growth rate, Union Minister of Commerce and Industries Suresh Prabhu...
Jan 18, 2018
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The Group of Ministers (GoM) to look into implementation of information technology for the Goods and Services Tax Network (GSTN) has raised concerns over the rising shortfall in average revenue for...
Jan 18, 2018
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The GST Council will meet on Thursday to ease the compliance burden on companies.    Among many measures include a simpler return form and potentially lower rates on some goods.   The...
Jan 17, 2018
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In order to provide a better picture of the fiscal deficit number, the government might choose nominal gross domestic product (GDP) growth rate of around 12 per cent for 2018-19 in the forthcoming...
Jan 17, 2018
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The need to comply with fair value measurements under Ind-AS has added to the trouble of the already burdened CFOs. The panelists discuss the roles of CFOs in this entire new structure.  
Jan 17, 2018
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The panelists discuss on why corporate India is not much enthusiastic about good governance standards and what can be done to realise it in letter and spirit.  
Jan 17, 2018
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The GST Council is likely to take up rationalisation of rates of about 70 items, of which at least 40 are services. Amendment in rules may also be taken up to simplify filing and plug some of the...
Jan 16, 2018
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Exporters are hopeful that the government would redress their concerns after the Budget.   In a letter to the Union Commerce Ministry, many export bodies have sought refunds of their dues...
Jan 16, 2018
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A data released by the government showed healthy growth of exports, but trade deficit rising to a three-year high on the back of increased imports in December month.   As per data, exports rose...
Jan 16, 2018
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With the government liberalising FDI norms under in single-brand retail, the market share of organised retail in India to rise to about 10 per cent by 2020 as against about 7 per cent last year,...
Jan 16, 2018
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The country's economic growth will not be “justifiable and equitable” unless the rural sector gets the benefits of it, and that's the reason why the government will lay focus on the agriculture...
Jan 15, 2018
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With Israel Prime Minister Benjamin Netanyahu visiting India along with 130 business delegates, there are hopes that both countries will make major breakthrough to boost trade and businesses in...
Jan 15, 2018
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The rise in the Index of Industrial Production (IIP) indicates a pickup in factory output that has been broad-based and driven by fast-moving consumer goods (FMCG), pharmaceuticals, automotive,...
Jan 15, 2018
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The World Bank has clarified the ease of doing business are based on “hard data” and that the indicators and methodology are not designed keeping any country in mind.   The global financial...
Jan 15, 2018
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Fast-moving consumer goods (FMCG) and information technology (IT) companies are planning to petition the high courts in Delhi and Mumbai, seeking more clarity on the anti-profiteering clause in GST...
Jan 15, 2018
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Dividend distribution tax (DDT) might be done away with by the government in the upcoming Union Budget. Sources said that there have been considerable discussions on the topic among various...
Jan 12, 2018
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Financial bidding process for resolution of 12 big stressed accounts will be completed by the end of this month, a top official of the State Bank of India (SBI) told PTI.   Six out of 12 large...
Jan 11, 2018
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In order to tap defaulters' assets overseas, India may consider opting for cross-border insolvency, a report by ET said.   The apex committee of Insolvency and Bankruptcy Board of India (IBBI...
Jan 11, 2018
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The taxpayers' base for goods and services tax (GST) is set to cross one crore mark, said an ET report.   "We will have one crore taxpayers in a day or two," a government official was quoted as...
Jan 11, 2018
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Indian economy has enormous growth potential and will regain its status as fastest growing economy in 2018, says the World Bank.   In a report titled "Global Economic Prospects", released on...
Jan 11, 2018
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Sebi plans to impose a limit on the minimum market capitalization for companies to remain listed in an effort to weed out penny stocks, said people in the know, including a Sebi official. Sebi is...
Jan 10, 2018
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The provisional figures of direct tax collections show a growth of 18.2 per cent (Rs. 6.56 lakh crore) during April to December period, a note by the Ministry of Finance said.   The net direct...
Jan 10, 2018
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The insolvency regulator’s move to ban outsourcing of resolution work has received mixed responses.    While some experts say the move is targeted at insolvency professional entities (IPEs),...
Jan 09, 2018
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The last full-year Budget of the National Democratic Alliance (NDA) government would not be populist, said NITI Aayog Vice Chairman Rajiv Kumar on Monday.   There are speculations doing rounds...
Jan 09, 2018
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Industry body Assocham has asked the government to not resort to a "knee-jerk" reaction to deal with slippage in GST collections.   It said GST revenues will move higher after the glitches in...
Jan 09, 2018
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India's apex development financial institution Nabard is working with the government to bring out a roadmap on consolidation of regional rural banks (RRBs).   The move is aimed at making them...
Jan 09, 2018
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There is an urgent need to increase tax base so that the fiscal deficit target is met without curbing essential expenditure, a report by SBI said.   The report titled 'India's Public Finance...
Jan 09, 2018
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The credit rating agency Crisil has maintained India's growth rate at 7.6 per cent for FY19.   The agency cited the impacts of the demonetisation, GST implementation and weakness in agriculture...
Jan 09, 2018
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A Fitch Ratings report titled ‘Medium-Term Growth Potential in Emerging Economies’ states taht India has the highest potential gross domestic product (GDP) growth rate of 6.7% per annum over the...
Jan 08, 2018
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As foreign portfolio investors (FPIs) are continuing to buy Indian bonds and stocks, the rupee could strengthen further, hitting 63 to the dollar, say market watchers. Last Friday, the rupee...
Jan 08, 2018
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As a shortfall in GST collections for 2017-18 is likely, the government is expected to hold back a big chunk of the unallocated Rs 1.2 lakh crore of IGST (integrated goods and services tax) to...
Jan 08, 2018
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A report by Fitch said India has the highest medium-term growth potential among large emerging markets.   "New estimates of supply side potential GDP growth over the next five years highlight...
Jan 05, 2018
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The government has ruled out enforcing a single rate for all commodities under GST, saying items like food products have been placed at minimum taxation levels, while luxury goods were in the...
Jan 05, 2018
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FICCI has urged the government to lower the corporate tax rate to 28 per cent from 30 per cent in the forthcoming Budget, which would help the industry  tide over the problems created by the US tax...
Jan 05, 2018
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Deutsche Bank’s Research Report on India Equity has stated that the Nifty is expected to touch 11,500 by December this year, while the Sensex will be at around 37,000, driven by strong earnings...
Jan 05, 2018
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The objective of the insolvency and bankruptcy law (IBC) is to find suitable solution for non-performing assets, said National Company Law Tribunal (NCLT) president M M Kumar, adding that...
Jan 04, 2018
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The Government of India has identified 90 measures to further improve business environment in the country.    It is left with only four months to implement reforms to make doing business easier...
Jan 04, 2018
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Foreign portfolio investors (FPIs) are nowadays categorising the gains from non-convertible debentures (NCDs) as interest income to benefit from tax arbitrage, a stark contrast to the earlier...
Jan 04, 2018
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The disruptions caused by GST and demonetisation are set to fade out in 2017 and the country's economy will record higher growth over they year, said a report by HSBC.   The report said India's...
Jan 03, 2018
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The Securities and Exchange Board of India’s (Sebi) renewed push to split the role of an investment advisor and distributor has mutual fund heads worried. “If Sebi’s proposal is implemented, the...
Jan 03, 2018
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The last leg of 2017 did not pan out exactly the way the Narendra Modi government would have wanted it to. It also showed the kind of policy challenges that the government will have to deal with in...
Jan 02, 2018
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It is now mandatory for professionals carrying out asset valuations under Companies Act and Insolvency and Bankruptcy Code (IBC) to get themselves registered with Insolvency Bankruptcy Board of...
Jan 02, 2018
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