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In an interview to CFO India, Eric Elzvik, CFO, ABB Group, shares his thoughts on India as a market, the power scenario and what should drive the new age CFOs. Below are edited excerpts: Q: What do...
Jul 06, 2016
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Two issues are clearly hogging the financial newspaper headlines of late – roughly 17 per cent of total loans of state-run banks’ books are stressed; and the ‘king of good times’ Vijay Mallya has...
Jul 06, 2016
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‘In the long term we all are dead’, said John Maynard Keynes, the legendary British economist. Over time, the markets and finance community have taken this view so seriously that they live only one...
Jul 06, 2016
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        There is a scene in the Bollywood blockbuster 3 Idiots, where engineering students Raju Rastogi (Sharman Joshi) and Farhan Qureshi (R. Madhavan) anxiously start looking for their names in...
Jun 15, 2016
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It was not until we saw the text of the Companies Act 2013 that the debate around Internal Financial Controls (IFC) got traction.  We have been reading about SOX regulations prevalent in the western...
Jun 15, 2016
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Time is a ticking bomb for business and industry, as tumultuous events erupt in intriguing finance premises. The picture of the global economy is both hazy and fragile like never before with VUCA...
Jun 06, 2016
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Raghuram Rajan, to me, deserves more than respect. For both his competence and integrity, he has my reverence. And I know I speak on behalf of millions of others. But does that make him completely...
Jun 06, 2016
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It's good for your company’s bottom line; even better for the country’s. We are talking about gender diversity, a debate that has lately seized the imagination of the world. So good so far for women’...
May 09, 2016
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Tax

European Commission recently asked large firms to make their tax affairs within Europe more transparent. A report published by OECD states that there are still countries that have to implement...
May 05, 2016
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The Ministry of Petroleum and Natural Gas has been directed by the National Green Tribunal to submit its report on adulteration of petrol and diesel products at petrol stations across Delhi-NCR in...
Jul 28, 2016
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The government is deliberating all representation from trade and industry in the implementation of the GST bill, a senior CBEC official Mahender Singh, DG GST, Central Board of Excise and Customs...
Jul 28, 2016
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Around 403 road projects worth Rs 3.85 lakh crore initiated during the UPA rule are pending, said Nitin Gadkari, Road Transport and Highway Minister, responding to supplementaries in the Lok Sabha....
Jul 28, 2016
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The Government of India, on Wednesday, gave its approval for raising foreign shareholding limit from five per cent to 15 per cent in Indian stock exchanges. The move is set to benefit foreign stock...
Jul 28, 2016
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The Reserve Bank of India has imposed monetary penalty on 13 banks, including public and private, for KYC lapses and FEMA violations. In a statement issued on Wednesday, RBI said, the penalty has...
Jul 28, 2016
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Favourable monsoons is likely to see Indian GDP exceed eight percent this fiscal, according to Vice Chairman, NITI Aayog, Arvind Panagariya. The vice chairman expressed optimism that the monsoons...
Jul 27, 2016
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The Prime Minister is chairing a meeting with NITI Aayog tomorrow on shaping the 15-year vision for development of the country. During the meeting, various progress measures and programs that are...
Jul 27, 2016
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Address the issue of call drops, the Telecom Minister Manoj Sinha told the Lok Sabha that companies are investing in one lakh base transceiver stations to the tune of Rs 20,000 crore which will see...
Jul 27, 2016
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In a written reply to the Lok Sabha, Minister of State for Home Affairs Kiren Rijiju said that as on date, 33,091 NGOs are registered under the FCRA and the total funds received from abroad during...
Jul 26, 2016
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The government has approved the construction of 2.4 lakh houses for the poor under the Pradhan Mantri Awas Yojana at a cost of Rs 16,600 crore. Central assistance of Rs 3,634 crore has been approved...
Jul 26, 2016
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The government has collected Rs 3901.78 crore as Swachh Bharat cess. The Swachh Bharat cess of 0.5 percent has been imposed on all taxable services from last fiscal. Minister of state for finance...
Jul 26, 2016
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The month of July has come. There is a sense of déjà vu among the finance heads especially in listed companies as the focus turns to the earnings numbers for the quarter ended June. The market is...
Jul 26, 2016
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Paul Smith, President and CEO, CFA Institute, discusses the concerns that come with sacrificing long-term advantage over short termism. Q: What defines short termism and does short termism or long...
Jul 26, 2016
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In an Ind AS conversion, an entity undertakes to change its financial reporting from its current GAAP to Ind AS. The differences between Indian GAAP and Ind AS may vary significantly from one entity...
Jul 26, 2016
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The Sebi has brought new KYC rules for investors, according to which the Know Your Customer norms based on PAN or Aadhaar will now not be enough for them to invest in equities, mutual funds and...
Jul 25, 2016
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The government is looking at ways to bring the petroleum products under the ambit of the proposed GST with the consent of the states. Besides, selling of kerosene is also likely to come under the...
Jul 25, 2016
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Indian capital markets are seeing a reduction in the usage of P-notes, hitherto a popular form of investments for foreign investors. SEBI had tightened the norms of P-note issuance in May this year....
Jul 25, 2016
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India’s digital payment boom is also set to take off with the payments market expected to reach $500 billion by 2020, according to a report the ‘Digital Payments 2020’ by Google and Boston Consulting...
Jul 25, 2016
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The government focus to facilitate ease of doing business, and efforts by its ministries and departments are showing results. Latest is the effort by Ministry of Corporate Affairs, to bring down...
Jul 25, 2016
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The Niti Aayog is reviewing sick and loss-making public sector undertakings in the country, the government informed the Parliament. According to public enterprises survey of 2014-15, India has 77...
Jul 22, 2016
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Good monsoons are seeing a increase in sowing activity. Kharif crops like paddy are likely to be better if the rainfall continues to remain favourable. Minister of State for Agriculture, Sudarshan...
Jul 22, 2016
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The Income Tax Department has detected undisclosed income worth Rs 22,475 crore in over 9,500 surveys conducted over the past two years, Finance Minister Arun Jaitley said in the Lok Sabha. As part...
Jul 22, 2016
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Power Generation companies owe Rs 12,028 crore to Coal India, Coal and Power Minister said in a reply to the Lok Sabha. The Minister further said that various steps are being taken to recover the...
Jul 21, 2016
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Stuck liquidity in projects ranges between Rs 75,000 crore to Rs 1.25 lakh crore, according to the CII, briefing the media, Chairman of the CII National Committee  on Infrastructure & PPP,...
Jul 21, 2016
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Lower production is likely to keep cotton prices higher in the range of Rs 120-127 per kg till the cotton season ends in September, according to India Ratings. The rise in prices is likely to squeeze...
Jul 21, 2016
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Foreign Direct Investment (FDI) in India has increased by 37 per cent from October 2014 to May this year after the launch of 'Make in India', Minister of Commerce and Industry Nirmala Sitharaman...
Jul 21, 2016
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In sync with the announcements made under Indradhanush and the Union Budget 2016-17, the Government of India has allocated Rs 22,915 crore capital to 13 public sector banks. The decision by the...
Jul 21, 2016
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The International Monetary Fund (IMF) has slashed India’s growth forecast for 2016-17 to 7.4 per cent, down by 10 basis points from 7.5 per cent projected in April this year, on account of a...
Jul 20, 2016
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Reserve Bank of India Governor Raghuram Rajan has pitched for financial inclusion, so that every Indian is availed of banking services. While speaking at the National Seminar on Equity, Access and...
Jul 19, 2016
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The Indian logistic industry is projected to grow at CAGR of 15-20 per cent during FY16-FY20. However, the implementation of much delayed Goods and Service Tax (GST) bill has the potential to...
Jul 18, 2016
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With Britain leaving the European Union, Indian homebuilders with significant investments in the London property market are set to face near-term challenges. According global ratings agency Fitch...
Jul 13, 2016
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The automobile industry produced a total 6,431,495 vehicles including passenger vehicles, commercial vehicles, three wheelers, two wheelers and quadricycle in April-June 2016 as against 5,755,638...
Jul 12, 2016
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The quality of economic growth has been improving and the biggest positive has been that the policy does not focus on populism or on boosting cyclical growth through fiscal and monetary stimuli,...
Jul 11, 2016
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With the prices of pulses soaring, the government is trying to control pulse prices and has set up a committee to relook at the minimum support price and bonus to promote pulse cultivation. The...
Jul 11, 2016
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Indian firms have one of the highest levels of transparency, while Chinese firms are the most opaque, a global anti-graft organisation, Transparency International said in a report. The organization...
Jul 11, 2016
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Buoyant inflows in equity and short-maturity debt funds lifted the average assets under management (AUM) of Indian mutual funds in the quarter ended June to a new record and above the Rs 14...
Jul 06, 2016
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India has been “slow” on its rhetoric to match its economic reforms and its 7.5 per cent growth rate may be “overstated”, US State Department said in a report released on July 05. The report titled...
Jul 06, 2016
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There are problems when working women get married, or go on maternity leave, etc. and that is the time when real hand holding is required, says Anita Sanghi, Executive Director & CFO -...
Jul 05, 2016
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After seeing a record number of private equity deals last year, the first half of this year saw deals decline 46 per cent to $5.8 billion, according to News Corp VCCEdge.   In the same...
Jul 05, 2016
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India's pharmaceutical exports continued its lead over China in 2015. India's pharma exports grew from $11.66 billion to $12.54 billion in 2015, recording a growth of 7.55 per cent, while China's...
Jul 05, 2016
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Prime Minister Narendra Modi expanded his cabinet and inducted 19 new faces in a major reshuffle of the government before crucial elections in Uttar Pradesh. Modi has inducted several dalit and OBC...
Jul 05, 2016
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