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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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Moody’s Investors Service said, on Tuesday, that the government’s endeavour to provide more capital support to public sector banks in the current fiscal will restore capital adequacy and improve...
Aug 21, 2018
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Reserve Bank of India (RBI) deputy governor Viral V Acharya has called for a new law that can help set up the proposed public credit registry (PCR), which can fix wrongdoings in the financial data...
Aug 21, 2018
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Infosys has said the Board of Directors has accepted the resignation of M D Ranganath as the Chief Financial Officer (CFO) and a key managerial personnel.    In a press note on Saturday, the...
Aug 20, 2018
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Insolvency and bankruptcy law (IBC) has put recovery process on a faster track and improved recovery position of banks, said a survey report by Ficci-IBA.   As per it, the Insolvency and...
Aug 13, 2018
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The income tax (I-T) department has accepted 99.65 per cent of tax returns as it is and has picked only 0.35 per cent cases for detailed scrutiny thereby showcasing full faith in the taxpayers,...
Aug 09, 2018
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India should focus on increasing its exports to the US and China markets, taking advantage of trade war between both countries, said the Confederation of Indian Industry (CII).    With the US...
Aug 06, 2018
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With surplus liquidity in the banking system, the banks should not rush into increasing their lending and deposit rates despite the Reserve Bank of India raising the benchmark, repo rate, the...
Aug 06, 2018
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The Goods and Services Tax (GST) Council might replace the 12 per cent and 18 per cent slabs with a 14-15 per cent rates, said Bihar Deputy Chief Minister Sushil Modi.   He said while...
Aug 03, 2018
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The digital payments market in India is expected to grow to $1 trillion by 2023 driven by spurt in mobile payments, presenting huge business opportunities for players in the digital space, said a...
Aug 03, 2018
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It may not always be the hot topic on the table at financial planning meets, but a closer look reveals that employee benefits may be worth a second look. When we get down to brass tacks, it’s...
Aug 01, 2018
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The Reserve Bank of India (RBI), in its third policy statement of 2018-19 announced today, has hiked key interest rate by 25 basis points to 6.5 per cent.   "On the basis of an assessment of...
Aug 01, 2018
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Background   One of the key challenges in the insurance business is selling new products (that meets customer’s need) and retention of existing customers which if not met properly may result in...
Jul 31, 2018
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The investment in logistics, including infrastructure, will touch $500 billion by 2025, said Union Minister of Commerce and Industry Suresh Prabhu on Monday. He said the sector will create millions...
Jul 31, 2018
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The new e-commerce policy will be finalised soon, a top government official has said.    “We don’t want to continue with the vacuum in the e-commerce policy space,” said Anup Wadhawan, Special...
Jul 31, 2018
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India’s infrastructure deficit is “too large”, said S&P Global Ratings, adding that the country will take time to close the sizeable deficit between supply and demand.   “India’s...
Jul 31, 2018
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The country needs to improve its human development index (HDI), in order to achieve a double digit growth rate of around 10 per cent, said Niti Aayog CEO Amitabh Kant.   "We are growing at...
Jul 30, 2018
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A 10-member committee on data protection, headed by Justice (retired) B N Srikrishna, has suggested changes in various laws including the Aadhaar Act to ensure protection of citzens' data.  ...
Jul 30, 2018
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The roll-out of Goods and Services Tax (GST) is a unique experiment and is a trailblazer in various ways, while the GST Council is a path-breaking mechanism for seamless interaction between the...
Jul 30, 2018
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The Department of Telecom (DoT) has given final approval to the merger of Vodafone India and Idea Cellular, said a report by Press Trust of India (PTI), citing government sources.    "The...
Jul 27, 2018
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The tax officials in states and Union territories will hold discussions with trade, industry bodies and small scale industries, with an aim to understand their issues and grievances relating to...
Jul 27, 2018
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Under the erstwhile foreign exchange laws, foreign direct investment (FDI) in a manager or sponsor of an alternative investment fund (AIF) was permitted under the automatic route, subject to...
Jul 26, 2018
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The Parliament on Wednesday gave its nod to a bill that will help the government to bring back fugitives to face trial in India.   The Fugitive Economic Offenders Bill, 2018 now awaits the...
Jul 26, 2018
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Despite increasing global protectionism, India’s export will continue to register healthy growth rates and will touch $350 billion in the current fiscal year, said Union Minister of Commerce &...
Jul 26, 2018
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The Government of India will come out with amendments to Special Economic Zones (SEZ) Rules, 2006 in order to align with Goods and Services Tax (GST) laws by end of this month, Bidyut Behari Swain...
Jul 26, 2018
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The gross bad loans of public sector banks (PSBs) has risen to 14.6 per cent of advances in 2017-18.   The minister of state for finance Shiv Pratap Shukla said in Parliament in a written reply...
Jul 25, 2018
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Construction companies are set to clock 20 per cent compound annual growth in revenue till 2020, said Crisil. The rating agency conducted a study of 66 companies it rates in the investment grade in...
Jul 24, 2018
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Kunal Jani has tendered his resignation form the post of Chief Financial Officer of Royal India Corporation Limited effective 20 July 2018.    "...we wish to inform you that...Kunal Dinesh...
Jul 24, 2018
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In December 1991, during the Balkan wars a cattle herder called Luka was caught by a group of Serbian militiamen; marched off with several others and summarily executed for not being a Serb.  His...
Jul 23, 2018
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The Securities and Exchange Board of India (Sebi) might come up with new guidelines to boost listing of startups in the main platform of the two major stock exchanges in India.    People...
Jul 23, 2018
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The tax authorities might conduct audit of e-commerce companies to check if they have passed on rate cuts in goods and services tax (GST) rates to consumers, said an ET report.   The National...
Jul 23, 2018
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Bihar deputy chief minister Sushil Kumar Modi has said that the GST slabs can be reduced to three from five currently, in order to provide convenience to consumers and businesses.   The process...
Jul 23, 2018
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There is a possibility that India could lose the trade dispute with the USA over export subsidies, said Commerce Secretary Rita Teaotia.   The US had filed a case against India in the WTO (...
Jul 20, 2018
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The GST Council is likely to establish a National Appellate Tribunal in Delhi.    It will have three regional benches at Mumbai, Chennai and Kolkata, with members consisting of judiciary as...
Jul 20, 2018
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India is on track to meet projected growth of 7.3 per cent in 2018, said an Asian Development Bank (ADB) report released on Thursday, adding the growth will further accelerate to 7.6 per cent a...
Jul 20, 2018
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The Indian growth story continues to be intact with the GDP expected to grow around 7.5 per cent in the current financial year and improve further in the coming years.   The slowing down of the...
Jul 19, 2018
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A developed corporate bond market is the need of the hour for India as eight per cent economic growth cannot be achieved without a robust corporate capex cycle, more so as sole reliance on bank...
Jul 19, 2018
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Q: What would you say is behind the optimistic economic outlook among the CFOs and how is it impacting their business sentiments? Porus Doctor (PD): The Deloitte CFO Survey 2018 reveals that 64 per...
Jul 13, 2018
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On 6 June 2018, the Central Government issued another ordinance amending the Insolvency and Bankruptcy Code, 2016 (IBC). This is the third instance in a little more than half a year, of the IBC...
Jul 13, 2018
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The total retail sales in India is likely to increase from $717.73 billion during calendar year (CY) 2014 to touch $1,244.58 billion by 2018, growing at an impressive rate of about 15 per cent and...
Jul 12, 2018
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The format for annual returns and audit is likely to be approved by GST Council in its next meeting scheduled to be held on 21 July. The move is aimed at checking tax evasion.   The GST Council...
Jul 10, 2018
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“Time is more value than money. You can get more money, but you cannot get more time.” JIM ROHN   “If you do not find a way to make money while you sleep, you will work until you die.” WARREN...
Jul 09, 2018
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The Reserve Bank of India (RBI) and the Finance Ministry should work in unison to ensure that rupee does not face any more significant fall from the current levels, as the country could then be...
Jul 04, 2018
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The Government of India and banks, on Monday, came up with a new strategy to revive stressed assets outside the Insolvency and Bankruptcy Code (IBC).   It includes mechanisms like asset...
Jul 03, 2018
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The Government of India might strike off as many as 1,313 companies from the registrar of companies’ (RoC) database, which have failed to file annual reports for two years.    The move is a...
Jul 02, 2018
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Q: What are the factors driving the optimistic business outlook in India and globally?   Saru Kaushal (SK): There are enough reasons to cheer in 2018 with political change and global trade...
Jul 02, 2018
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Kaya Limited has announced that Saurabh Shah will be the new Chief Financial Officer (CFO) of the company, which will be effective from July 14.   In a filing to stock exchanges last week, the...
Jul 02, 2018
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Srei Infrastructure Finance has announced appointment of Sandeep Kumar Sultania as its Chief Financial Officer (CFO). His appointment will be effective from July 5.   In a filing to stock...
Jul 02, 2018
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