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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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Transparency International ranked India at 81st in the global corruption perception index for 2017.   Not only it, India is among the “worst offenders” in terms of graft and press freedom in...
Feb 23, 2018
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Punjab National Bank is reported to have been hit by the data breach, with around 10,000 credit or debit card affected by it.   The unearthing of financial fraud worth Rs 11,400 crore at PNB by...
Feb 23, 2018
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The US administration's Economic Report of the President (ERP) has stated that India's growth has slowed due to the effects of its structural economic reforms.   "Growth in India has slowed due...
Feb 23, 2018
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The 26th GST Council meeting, to be held on March 10 via video conference, will take final decision on simplifying the return process.   In its previous Council meeting on January 18, its...
Feb 23, 2018
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  Currency in circulation in India stood at Rs17.78 trillion as on 16 February, reaching 98.94% of the pre demonetisation level, according to the latest data released by the Reserve Bank of India...
Feb 23, 2018
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FICCI has cited its survey to state that implementation of the GST has had a positive impact on the logistics of businesses, while glitches in the GSTN portal, cumbersome procedures and cost of...
Feb 23, 2018
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The recent PNB scam coupled with uncertainty hovering over macro-economic indicators has made foreign investors.    According to an ET report, the foreign investors have so far pulled out about...
Feb 22, 2018
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PNB’s Rs11,400 crore fraud case is likely to increase borrowing costs in the short-term, as overseas lenders turn cautious about accepting bank guarantees issued by public sector banks.   “When...
Feb 22, 2018
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Now, filing of returns would be easy and simple. The Goods and Services Tax Network (GSTN) has simplified the return invoice that businesses and traders file on monthly basis.   The move is...
Feb 22, 2018
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The minutes of RBI’s meeting this month, which were released on Wednesday, showed widespread concerns among the six MPC members about inflation, which accelerated to a 17-month high of 5.21 per...
Feb 22, 2018
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Telecom operators have threatened to legally challenge TRAI’s recent regulations on predatory pricing and even spoke of approaching the department of telecommunications and the Prime Minister’s...
Feb 21, 2018
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In a major policy initiative to protect the savings of the investors, the Union Cabinet chaired by the Prime Minister Narendra Modi, on Tuesday, gave its approval to introduce the Banning of...
Feb 21, 2018
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THERE’S ALWAYS THE need for more data storage, no matter what the situation is. Before smartphone storage hit 32/64 GB, most of us still carried around a separate thumb drive, and if we wanted more...
Feb 21, 2018
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THE HONOR 8 Pro is very attractive and appealing. Just like flagships of today the smartphone has an all metal body. On the front, the smartphone has a 5.7-inch display with a 2.5D curved Corning...
Feb 21, 2018
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THE NX 300H is the newest offering from Lexus, a luxury brand which is known the world over for its customer experience and superlative, premium products. The NX 300h is Lexus’ entry level...
Feb 21, 2018
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NAYSAYERS opined that it was too rich, too premium, and, well, too expensive for an MPV. And yet, the new Innova has been flying off the shelves. Extremely popular with fleet operators, the new...
Feb 21, 2018
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EATING ABOUT one serving per day of green, leafy vegetables may be linked to a slower rate of brain ageing, according to a study published in an online issue of Neurology, the medical journal of...
Feb 21, 2018
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SITTING FOR long hours could be disas­trous for your heart, says a new study.  People who sit for longer periods show signs of injury to their heart muscles, even if they exercise occasionally...
Feb 21, 2018
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MACHINE LEARNING computer systems, which get better with experience, are poised to transform the economy much as steam engines and electricity have in the past. They can outperform people in a...
Feb 21, 2018
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The Infosys saga got murkier recently. But what has fazed me is not just the battle lines drawn between the board and the founders, but the blurred lines between journalism and partisan rhetoricism...
Feb 21, 2018
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Do the nuances of leadership change with time? Is leadership a contextual thing? Is leadership about maintaining the status quo or challenging it? Is leadership a disruptive thing? Finally, should...
Feb 21, 2018
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What would happen if there was no end to a calendar year? There would be no last day of the year, no New Year, no resolutions and nothing to look forward to. Fun would be taken out of human...
Feb 21, 2018
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This is the time of the year when people attempt and I say attempt, as few actually succeed, in achieving some goal they have set for themselves. The vast majority of those so-called “New Year...
Feb 21, 2018
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The next generation blockchain technology can help in reducing cost of transactions in various government schemes, a joint report by  FICCI and PwC has said.    "By removing the need for third...
Feb 21, 2018
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The CBI has widened the probe into the Rs11, 400 crore fraud at PNB to include the top brass.   CBI has arrested a general manager or GM rank officer of PNB, Rajesh Jindal, who held the charge...
Feb 21, 2018
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The RBI is reviewing its process for allowing companies to raise money overseas due to concern that any increase in rupee volatility may hurt borrowers’ ability to repay debt, a person familiar...
Feb 21, 2018
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The Government of India has written a letter to the Reserve Bank of India (RBI) asking if the regulator managed to detect the alleged fraud by PNB staff at any stage, which had been going on for...
Feb 20, 2018
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The 'worst' phase of the Indian economy is over and the country will see a surge in the private investment gong forward, HDFC chairman Deepak Parekh has said.   "The worst is over. We had major...
Feb 20, 2018
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The Banks Board Bureau (BBB), which was set up by the government as a makeover platform for state-owned banks, will effectively close down in March. The term of BBB Chairman Vinod Rai , who was...
Feb 20, 2018
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The Department of Financial Services under the Ministry of Finance will hold talks with the information technology team of all public sector banks (PSBs), in wake of fraud worth Rs 11,400 crore...
Feb 20, 2018
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It has now become evident that several warnings issued by the RBI about the possibility of banking frauds, such as the PNB fraud, were ignored by bank managements.   While RBI’s Financial...
Feb 20, 2018
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Alarmed by the global sell-offs, the foreign investors have so far pulled out about $1 billion (Rs 6,850 crore) from the Indian bourses sell-offs globally, an ET report said.   India recorded...
Feb 19, 2018
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Punjab National Bank, in an FIR filed with the CBI, submitted that its in-house investigation had not found any role of chartered accountants, the statutory auditors and empanelled valuers in the...
Feb 19, 2018
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State-run UCO Bank has said that it has $411.82 million in exposure to fraudulent transactions carried out at Punjab National Bank (PNB).   PNB said on Wednesday that it had detected fraudulent...
Feb 19, 2018
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The GST Council will revamp the return filing process and further liberalize rules to make compliance easier for taxpayers and boost government revenues. A meeting of central and state government...
Feb 19, 2018
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The manufacturing sector had to lay off 87,000 people in the April-June period of 2017 as against 12,000 jobs in the corresponding period last year, the data released by the Quarterly Employment...
Feb 19, 2018
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India will see a huge jump in the use of electric vehicles in the years to come, Minister for Road Transport Nitin Gadkari has said.   He hailed the 'historic and revolutionary' steps taken by...
Feb 16, 2018
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The International Monetary Fund (IMF) has commended the Government of India's efforts towards fiscal consolidation.    It welcomed the fiscal deficit target of 3.3 per cent set by the...
Feb 16, 2018
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The news of Rs 11,363 crore fraudulent transactions at Punjab National Bank has raised questions on the efficacy of the public sector banks vis-a-vis its lending procedures.   The fraud carried...
Feb 16, 2018
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The Ministry of Electronics and Information Technology (MeitY) is working on a project to provide security to the government and non-government agencies against cyberthreats.   The Centre for...
Feb 15, 2018
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Ajay Kumar, Senior Director, Sales Consulting, ERP & EPM (India), Oracle, in an interview to CFO India, discusses the advantages of ERP cloud, especially in the e-commerce era.   Q: There...
Feb 15, 2018
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The businesses in India have been on tenterhooks ever since e-way bill was conceptualised.    First, it was proposed to  be rolled out from 1 April 2018 by the GST Council in its 22nd meeting...
Feb 15, 2018
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The Chinese must be arguably the world’s largest diaspora with roughly 100 million ‘Chinese’ who are mostly through national assimilation, Malaysians, Singaporeans and so on. I’ve even met Spanish...
Feb 15, 2018
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The government has taken several measures to bring financial inclusion, though a lot more needs to be done to achieve this goal, the government's Chief Economic Advisor Arvind Subramanian has said...
Feb 15, 2018
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Rajendra Kumar Kothari has been appointed as a Chief Financial Officer and Key Managerial Personnel by Mercator effective February 1.    He will replace Kiran Vaidya who resigned from the...
Feb 14, 2018
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The revenues from the Goods and Services Tax (GST) is likely to cross Rs 1 trillion a month after anti-evasion measures like matching of tax data and e-way bill are in place, finance ministry...
Feb 14, 2018
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India should create more salaried jobs rather than self-employed ones, which will help it join the ranks of the global middle class by 2047, World Bank has said.   In a draft Systematic Country...
Feb 14, 2018
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