OPINIONS

Going by the conven­tional definition of a CFO, a chief finan­cial officer (CFO) is a corporate officer, primarily responsible for managing the financial risks of the corporation. However, this...
May 16, 2017
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November 8, 2016 has become a marker in India’s attempts to eradicate black money when Prime Minister Narendra Modi made the announce­ment to demonetise `500 and `1,000 notes as a part of legal...
Feb 24, 2017
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Implementing Goods and Services Tax (GST) is a giant leap towards creating a unified Indian market. While we expect the benefits of this single, robust and transparent regime to elevate India’s...
Jun 06, 2016
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As we start the New Year, it is time to think of the resolutions we made on New Year’s eve and act on them. Amongst the many personal resolutions that I made (like not missing out on my morning...
Jan 12, 2016
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Capitalism is under attack. The financial crisis of 2008, the stagnation of the middle class in many developed countries, and rising income inequality are challenging some of our most deeply held...
Sep 07, 2015
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Global markets remained volatile in the first four months of FY16, with protracted negotiations over Greece, a spike in yields brought on by better data, signs of inflation in the US and Eurozone and...
Aug 19, 2015
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It’s been over a year since the Modi government came to power. Despite all the promises of economic revival, corporate India is still struggling. Profitability isn’t improving, and yet, business...
Aug 07, 2015
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To a large extent, the programmes and initiatives of any government are evaluated by their impact on the economy and its people. In recent years, if we were to measure the various government-led...
Jun 15, 2015
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The Republic of Cyprus is a island in the Mediterranean Sea with water surrounding it. The international community considers the northern part of the island as territory of the Republic of Cyprus...
Jun 05, 2015
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In 1997, when I K Gujral was the prime minister, there was a huge current account deficit. When the budget was being prepared. P Chidambaram, the Finance Minister, wanted the retirement age for...
Jun 04, 2015
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Human beings by nature are attuned to sensing physical danger. The lifestyle of our prehistoric ancestors ensured that our involuntary fight or flight mode gets activated whenever we sense a threat...
Jun 03, 2015
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The origin of the word ‘juggernaut’ is curiously Indian. It is associated with the chariots of Lord Jagganath which once they started rolling would not stop, often crushing devotees beneath their...
May 15, 2015
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Ratan Tata, once again, stood out from the crowd, for his comments on the Government’s performance thus far. In the midst of dissatisfied voices around the lack of visible outcomes and change under...
May 15, 2015
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It is five years since we launched CFO India. Given the pace of the world we inhabit, it feels like yesterday on some fronts, and like a lifetime on others. Looking ahead, I find myself staring into...
May 05, 2015
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The importance of the lens we use to look at the world is more significant at some points than others. Right now, seems such a situation. Depending on who one speaks with, it seems like everything...
Apr 02, 2015
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If ever there is a competition for overused cliches in business and financial writing, I am fairly certain the phrase cautious optimism will take the crown. It is one phrase which is plugged anywhere...
Apr 02, 2015
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The Companies Act, 2013 introduced new provisions or revised old ones to include controls that should exist in a company. Not to be outdone, and maybe later blamed for not having mandated controls in...
Apr 02, 2015
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Possibly one of the most tested aspects of any person, especially a CFO, is a test of their moral fiber—as organizations that tend to focus on profitability and growth at any cost tend to compromise...
Apr 02, 2015
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I have been a CFO for over two decades. And during this time, I have wondered what it takes to be a CEO? How does my CEO look at me? With the roles having been reversed, it’s nice to look at the...
Mar 12, 2015
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Globalisation has changed the context for today’s CFO and she would need to raise her leadership ability manifold to compete on the global stage. Very dramatic and sudden fluctuations in external...
Mar 12, 2015
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In the following pages, I have analyzed data for the US dollar and Indian rupee over the last 33 years, from 1980 onwards with respect to seven factors. These include lending rates, inflation, growth...
Mar 10, 2015
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Well Covered I found the September issue of CFO India interesting. The topics were well covered. – DD Jalan, CFO, Vedanta Resources Plc Food for Thought Enjoyed going through the September issue of...
Feb 11, 2015
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There is no gainsaying the fact that the role of the CFO has evolved over the years from being a “bean counter” to being a “strategic partner” to the CEO. But I have always maintained that there has...
Feb 11, 2015
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For the last several months, Indian industry had been pleading for an interest rate cut to help the economy. The Government of India and the Ministry of Finance, too, gave enough indications of their...
Feb 09, 2015
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CFO India recently concluded the 5th edition of its Annual CFO Leadership Conclave. Anniversaries have a way of nudging us to ask pertinent questions. You can ignore them as just another number – or...
Nov 06, 2014
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In one of the numerous stories on the Enron scam, noted business writer Malcolm Gladwell cited a famous distinction between puzzles and mysteries. He writes, “Mysteries require judgments and the...
Nov 06, 2014
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Irrespective of which side of the political spectrum you are on, it is hard to ignore the excitement around the 2014 general elections. Opinions, loyalties and interestingly, this time round,...
Nov 06, 2014
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SPENCER JOHNSON’S WHO Moved My Cheese is the most fascinating book I have ever read about dealing with change. The two mice in the story, as opposed to the two humans, do not over-analyse...
Nov 06, 2014
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Enjoyable The cover story of the August issue was beautifully designed with a fairly good analysis of the Budget. While there are definite signs of recovery and clarity of intent, we need to see a...
Oct 31, 2014
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Holding our Interest It’s interesting to note that Technology (IT) is back as a buzzword in finance. Quite an insight to read the views of two good friends, Mr. Parthsarathy and Mr. Dhingra. Other...
Oct 31, 2014
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Businessmen who have been keenly watching the policy space can finally exhale. No matter what the result, everybody hopes that the state of limbo will finally give way to a brisk refocusing on the...
Oct 31, 2014
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Even as I begin my column on the mundane issue of optimising costs, it is impossible to write without referring to Mr Narendra Modi and his historic win in India’s general election. His worst critics...
Oct 31, 2014
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If you were missing a proactive government, then that feeling, I suppose, must have disappeared in the last fortnight of May. India Inc.’s prayers have been answered in good measure. The electorate...
Oct 31, 2014
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What I was most struck by was that my observations seem non-traditional from a CFOs standpoint. To begin with, the community was politically engaged, responsive, and felt a new government could fix...
Oct 30, 2014
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The outsourcing industry (often referred as offshoring, if the work is outsourced outside the country) is bracing up for real headwinds in the coming years. Both India, for services, and China, for...
Oct 30, 2014
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Most of us believe and even accept that employee turnover is a natural part of business in any industry. However excessive turnover decreases the overall efficiency of the company and comes at a high...
Oct 30, 2014
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It has an ephemeral feel of the other-world, quite distinct from the urgency of the mundane world. Sometimes the sheer toughness of the road can act as a deterrent. Since it is already a difficult...
Oct 30, 2014
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In the last month, the cynosure of attention has shifted from the political situation to the skies above. As fears of political turmoil recede, they are replaced by fears of another kind. The monsoon...
Oct 30, 2014
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Life is uncertain and as individuals, we have learnt to deal with this reality. But businesses have taken longer to understand uncertainty, and continue to struggle with ‘managing the accompanying...
Oct 30, 2014
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Many organizations dont support information sharing. Worse, in taker cultures the norm is for employees to get as much as possible from others while contributing less in return. The amount of help a...
Oct 30, 2014
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Thank you very much for the generous introduction and I would like to thank CFO India for inviting me today to be with my fraternity and to share my thoughts with all of you present here. I would...
Oct 29, 2014
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INSTITUTIONS It was amazing as well as heartening to read the talk given by former SEBI chairman, CB Bhave. As a common man I am proud of institutions like SEBI. It is difficult to imagine the...
Oct 29, 2014
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Last month I read yet again the corporate classic ‘Who Says Elephants Can’t Dance?’ about the historic turnaround of IBM in the ’90s as told by Lou Gerstner. As the commentariat went into overdrive...
Oct 29, 2014
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With the role of both CFO and CIO getting linked to overall organizational goals and objectives, having a meaningful relationship between the two is becoming critical to the growth and success of any...
Oct 29, 2014
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Why do people lie? Why are some people more willing than others to speak the truth? According to Transparency Internationals 2012 Corruption Perception Index, India was placed 94 versus Singapores...
Oct 17, 2014
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But, years of disappointment with Government action force one to ask, first, whether this will last and more importantly, what we can achieve while the excitement lives. There is some writing on the...
Oct 17, 2014
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