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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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  Demonetisation and government efforts to push India into becoming a cashless economy notwithstanding, and though the frequency of digital transactions have gone up with a substantial increase in...
May 22, 2018
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Tax

Corruption seems to have overtaken the GST domain – a nexus among businesses using fake bills to claim input tax credit (ITC). Media reports that the intelligence unit for the goods and services tax...
May 22, 2018
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There is good news in the offing for the Indian economy, with GDP growth in January-Mach 2017-18 quarter  being seen at 7.4 per cent. According to rating agency Icra , the improvement in GDP numbers...
May 22, 2018
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India may hike duties by up to 100 per cent on 20 products imported from the US. These include products such as almonds, apple and certain motorcycles imported from the US. India told the WTO that...
May 21, 2018
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In a bid to ease the bankrupty resolution process, the government may be looking at a new mechanism for financial bids for companies facing bankruptcy action, says a TOI report. The attempt is aimed...
May 21, 2018
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Private sector banks have witnessed a massive jump in bad loans, according to media reports. The reports put this jump in gross NPAs at 450 per cent. Data from the banks shows that bad loans rose...
May 21, 2018
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Investors and economists seem to be increasingly at odds as far as the outlook for the global economy is concerned. While investors are worrying over the low-inflation, and fear that the solid growth...
May 18, 2018
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The Centre is mulling a move to ask the Reserve Bank of India (RBI) to revise the prompt corrective action (PCA) framework, say media reports. The move is prompted by concerns that a complete...
May 18, 2018
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As the National Company Law Tribunal (NCLT), the quasi judicial body which has been set up to fast-track issues related to Indian corporates, seems to be heavily preoccupied with the Insolvency and ...
May 16, 2018
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The US Chamber of Commerce's US-India Business Council (USIBC) along with US-Japan Business Council, has launched an Indo-Pacific Trilateral Infrastructure Forum that will work to find new, creative...
May 15, 2018
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Bankers are staring at a bigger debacle than Enron, almost 20 times bigger than the mega 2,000-megawatt mess. According to media reports, the story of India’s power sector is far from a bed of roses...
May 15, 2018
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Credit ratings agency CARE Ratings has said that the Reserve Bank of India (RBI) may go for a rate change if the inflation touches 5 per cent mark. “In case, the inflation touches the 5 per cent mark...
May 15, 2018
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Global technology major IBM feels there is a huge gap in the demand and supply of cybersecurity professionals in the country.   The software company calls upon the young graduates to aspire for...
May 14, 2018
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The finance ministry is working on innovative ways to deal with bad loan burden, and one of them is the issuing of provision shore-up certificates (PSC) to banks.   With the help of this...
May 14, 2018
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With an aim to tackle trade finance woes of micro, small and medium enterprises (MSMEs), the Union Government announced that it would double the credit guarantee up to Rs 50,000 crore for 2018-19...
May 14, 2018
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The banks have asked the Ministry of Corporate Affairs to include bidding under the ‘Swiss Challenge Method’ in the insolvency code.   The move is aimed at curbing litigious bidders from...
May 11, 2018
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The world is struggling to manage its plastic waste. Oceans are brimming with plastic, rivers are getting chocked, animals are dying due to plastic ingestion and we are falling short of land to...
May 11, 2018
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In order to enhance governance and provide greater transparency, the market regulator Securities and Exchange Board of India (Sebi) has notified changes in the governance norms for listed companies...
May 11, 2018
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The government has further tightened norms for independent directors in order to strengthen the corporate governance structure in companies. In a move that is bound to bring in better corporate...
May 11, 2018
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About a year ago, I had a fruitful and enjoyable trip to South Africa and Namibia. The trip included a lunch with longtime friend and fellow professional speaker, Nick French, who used to live in...
May 10, 2018
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In a move aimed at appeasing the strong opposition to the  terms of reference (ToR), the 15th Finance Commission (FC) has set up  a six-member council to “advise and assist” it on the ToR and “help...
May 10, 2018
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The Indian economy is gradually coming out of the twin shock of demonetisation and GST, said a research report by India Ratings.   However, it cautioned on the widening of the current account...
May 10, 2018
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The Indian economy will see a growth rate of 7.4 per cent in the current fiscal year, with the negative effects of note ban and Goods and Services Tax (GST) fading away, says a report by the...
May 10, 2018
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A recent survey of chief financial officers (CFOs) by Dun & Bradstreet found the optimism levels going into the second quarter of 2018 touching a four-year low regarding. The optimism was low...
May 09, 2018
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The new single-page return form tries to redress grievances of taxpayers with regard to filing of indirect tax.    On the other hand, it has also tried to retain the basic objectives of GST –...
May 09, 2018
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India has slipped to the sixth position globally in the business optimism index for the first quarter of 2018, says a survey by Grant Thornton.   As per Grant Thornton's International Business...
May 09, 2018
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With a threat of tariff hike looming large from the US government, China has set a June 30 deadline to set open $42 trillion financial sector to the world.   The Chinese government will ease...
May 08, 2018
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The insolvency regulator IBBI has suspended the registration of an insolvency resolution professional (IRP) Bhavna Sanjay Ruia for one year for charging an exorbitant fee.    Her suspension...
May 08, 2018
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India will be the only economy across globe to create a skilled labour surplus by 2025, said a study by consulting firm Korn Ferry.   The surplus labour will come on the back of “vast supply of...
May 08, 2018
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A proposal to collect passport details of directors on the boards of companies is afoot as one of the initiatives to prevent fraudsters from fleeing the country. According to media reports, the...
May 07, 2018
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There is a need to review the insolvency code regulations to ensure that they are not "misused or misinterpreted", National Company Law Tribunal (NCLT) has told IBBI.   The Tribunal said there...
May 07, 2018
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The Asian Development Bank (ADB) has projected India's growth rate at 7.3 per cent in 2018, which will further accelerate to 7.6 per cent in 2019.   ADB Chief Economist Yasuyuki Sawada said...
May 07, 2018
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In its 27th meeting held via videoconference on Friday, GST Council discussed the move to incentivise digital transactions in order to realise the dream of a less cash economy.     "Keeping in...
May 04, 2018
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Officers of the Reserve Bank of India’s Department of Economic and Policy Research have flagged the volatility in the statistics ministry’s initial estimates of GDP, raising question on the...
May 04, 2018
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Notwithstanding RBI deputy governor Viral Acharya's suggestion for a rate hike, the finance ministry does not find any scope for upward movement of interest rates.   “My sense is that interest...
May 04, 2018
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The US, Japan and Singapore have opposed India's call for data regulation and servers being located in the country.   They say government intervention will encroach upon data privacy. Experts...
May 04, 2018
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India has slipped by three notches to 11th position in the FDI Confidence Index 2018 of global consultancy firm A T Kearney. The country was ranked eight in 2017 index.     “India falls by...
May 03, 2018
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The rise of bad loans has impacted the asset qualities highly, which resulted in the impaired monetary policy transmission in India, said a research paper by the Reserve Bank of India (RBI) staff...
May 03, 2018
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In a bid to improve corporate governance at central public-sector enterprises (CPSEs), the government is exploring the feasibility of setting up holding companies in sectors such as railways, steel...
May 02, 2018
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The Department of Telecom has unveiled the draft of National Digital Communications Policy – 2018.   A 22-page document has been put before public domian to seek their comments.   The...
May 02, 2018
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The total gross GST revenue collected in the month of April 2018 is Rs 1,03,458 crore, said Ministry of Finance in a note on Tuesday.    While CGST collection is Rs 18,652 crore, mop ups in...
May 02, 2018
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The Government of India is considering motivating whistleblowers to inform about suspicious cases of fraud at corporates houses, said Union Minister P P Chaudhary, adding it is working to link...
May 01, 2018
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In a development that is sure to take the wind out of the sails of dubious companies adopting the shell firm route, the task force appointed by the government has developed a formula to define a ‘...
May 01, 2018
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The GST Council has fixed a target of goods and services tax collections worth Rs 12 trillion for the current financial year.   The Council is happy with indirect tax collection figures in the...
May 01, 2018
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