Finance

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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The board of the Reserve Bank of India (RBI) is holding a meeting to decide on a new economic capital framework (ECF) for the central bank and relaxation in prompt corrective action (PCA) norms for...
Dec 14, 2018
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The global debt has reached an all-time high of $184 trillion, said a report by International Monetary Fund (IMF), adding three countries — the United States, China and Japan — accounting for more...
Dec 14, 2018
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PM Narendra Modi led Appointments Committee of the Cabinet today cleared the appointment of A N Jha as finance secretary.   Jha, who is currently serving as Secretary, Expenditure, will succeed...
Dec 04, 2018
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The Government of India has so far cleared GST refunds to the tune of Rs 91,149 crore, Ministry of Finance said in a press note on Monday.    The refunds have been disposed by CBIC and state...
Dec 04, 2018
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The CFONEXT100 is our endeavour to create an identifiable pool of rising stars in the field of finance. Trend-setting CFOs, over the years, have expressed their commitment to identify and build...
Nov 30, 2018
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The latest round of FICCI's Economic Outlook Survey puts forth an annual median GDP growth forecast for 2018-19 at 7.4 per cent and for 2019-20 at 7.5 per cent. The survey was conducted during...
Nov 30, 2018
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The recent judicial diktat on how chartered accountants (CAs) must conduct themselves professionally and even outside their field of work is perhaps the beginning of the ‘cleaning up’ of white-...
Nov 29, 2018
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The Minister of Commerce and Industry Suresh Prabhu has said his ministry is working with the Finance Ministry and the Prime Minister’s Office (PMO) to provide liquidity to the export sector...
Nov 28, 2018
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There is likely a shortfall in indirect taxes and non-tax revenues; as a result India will not be able to narrow fiscal deficit to the targeted 3.3 per cent of GDP for the current fiscal, said a...
Nov 27, 2018
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There is a need for a modified, forward-looking and inclusive World Trade Organisation (WTO) that includes all substantive issues to be resolved in a time-bound manner, said Suresh Prabhu, Minister...
Nov 21, 2018
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Development of industrial park rating system would help increase competitiveness of industries and promote the manufacturing sector, Minister of Commerce and Industry Suresh Prabhu said on Monday...
Nov 19, 2018
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The Reserve Bank of India (RBI) has refused to share information about non­performing assets (NPAs) and loan defaulters sought by the Securities and Exchange Board of India (Sebi), according to...
Nov 16, 2018
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The International Monetary Fund (IMF) has called for the autonomy of Reserve Bank of India (RBI). The international institute said as an international practice there should be no government or...
Nov 02, 2018
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India’s has made remarkable imporovement in the World Bank’s Ease of Doing Business 2019 survey.    It jumped 23 places to 77 among 190 countries surveyed, making it the only country to rank...
Nov 01, 2018
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The total gross GST revenue collected in the month of October is Rs 100,710 crore, said Ministry of Finance in an offcial note.    Of the total amount, Rs 16,464 crore amounts to CGST, 22,826...
Nov 01, 2018
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Amid reports of Reserve Bank of India (RBI) governor Urjit Patel resigning from his position, the Ministry of Finance has clarified that the autonomy for the central bank, within the framework of...
Oct 31, 2018
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India and Japan have signed an agreement to raise the scope of a bilateral currency swap arrangement to a record $75 billion, reports FE. The purpose of this move is to bring in greater stability...
Oct 30, 2018
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The Goods and Services Tax (GST) Council till date has taken 918 decisions related to GST laws, rules, rates, compensation and taxation threshold since its establishment.    The GST Council was...
Oct 30, 2018
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India garnered the top spot as Asia's most investment savvy economy. According to a report, more than two-­thirds of its affluent citizens prefer to use various investment products to achieve their...
Oct 29, 2018
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The government is considering to scale up its supervision of   three professional institutes – the Institute of Chartered Accountants of India (ICAI), Institute of Company Secretaries of India and...
Oct 26, 2018
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Business optimism for the October-­December quarter improved marginally, according to media reports. The mood of corporate India seems to have improved on the back of expectations of higher festive...
Oct 25, 2018
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The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Mechanism for Issuing Regulations) Regulations, 2018, said the government on Tuesday...
Oct 24, 2018
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The economist Surjit Bhalla, who is also an Economic Advisory Council member to the Prime Minister (EAC-PM), has hailed the four years of Union government as the ‘best years’ of the Indian economy...
Oct 24, 2018
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The government appointed board has selected two financial and transactions advisors and a restructuring advisor for the debt-ridden IL&FS.    The two financial advisors to the IL&FS...
Oct 23, 2018
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The Central Board of Direct Taxes (CBDT) has said there is a constant growth in direct tax-GDP ratio over last three years and the ratio of 5.98 per cent in FY 2017-18 is the best DT-GDP ratio in...
Oct 22, 2018
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The Reserve Bank of India (RBI) has issued the guidelines for interoperability among different kinds of prepaid instruments (PPIs), including e-wallets, meal vouchers and gift vouchers.   As...
Oct 17, 2018
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World Economic Forum in its Global Competitiveness Index for 2018 has placed India at 58th position in a list of 140 countries. The USA topped the list, followed by Singapore and Germany at the...
Oct 17, 2018
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The first Human Capital Index (HCI), compiled by the World Bank as part of the World Development Report 2019, has not found favour with the Government of India that has raised “serious reservations...
Oct 12, 2018
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The Institute of Chartered Accountants of India (ICAI) has sent showcause notices to the statutory auditors of the Infrastructure Leasing & Financial Services (IL&FS) group.   “The...
Oct 10, 2018
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India's corporate bond market which forms 17 per cent of the country's GDP against 123 per cent in the US and 74 per cent in South Korea, is highly concentrated in the AAA rated bonds, which may...
Oct 09, 2018
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The World Bank has said growth in India is firming up and has projected it will accelerate to 7.3 per cent in the 2018­19 fiscal and 7.5 per cent in the next two years.    The Indian economy...
Oct 08, 2018
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ICICI Bank Managing Director Chanda Kochhar has resigned from the post, the lender said in a regulatory filing on Thursday. As per filing, the board of the bank has accepted the request of...
Oct 05, 2018
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The mergers and acquisitions (M&As) involving Indian companies have been very robust in 2018. The value in the first nine months of 2018 have more than doubled, to a shade below the $100...
Oct 04, 2018
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India’s sovereign bond market continues to be battered and nothing seems to be helping it. The  government’s decision to cut its borrowing plan had raised some hope in the markets but it seems to...
Oct 03, 2018
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The British government has introduced a policy where Indian workers will require the approval of their employers to come to UK.    As per current law, workers can bring family members if they...
Oct 03, 2018
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The manufacturing in India witnessed growth in September, with Purchasing Manager Index (PMI) rising to 52.2 per cent as against 1.7 per cent in August. This is the 14th consecutive month of...
Oct 01, 2018
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The Government of India has constituted a Competition Law Review Committee to review the Competition Act.   The move is in sync with its objective to ensure that legislation meets the needs of...
Oct 01, 2018
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Punjab National Bank's (PNB's) board has given its go ahead to a proposal for capital infusion of Rs 5,431 crore from the central government.   In a regulatory filing, the state-run bank said...
Sep 28, 2018
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The ongoing global trade war is set to open up opportunities for India as a bigger trading and manufacturing base, said Finance Minister Arun Jaitley.    Speaking at the annual session of PHD...
Sep 28, 2018
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Finance Minister Arun Jaitley has said bad loans of public sector banks (PSBs) are on a fall and that the Indian economy is passing through a phase of good growth.   “Banks are very confident...
Sep 26, 2018
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India is expected to grow at a healthy 7.3% in fiscal year (FY) 2018-19 helped by improved domestic demand, steady revival in industrial growth and reduced drag from net exports, says a new Asian...
Sep 26, 2018
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Most of the Indian companies see a significant growth in their business and growth prospects in July-September quarter of 2018-19 as against the previous quarter, said the Confederation of Indian...
Sep 24, 2018
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World Bank approves framework to support India’s transition to high-middle income from a low-middle income country, a senior official told PTI.   With this, India is expected to receive $25-30...
Sep 21, 2018
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With only 10 days left, foreign e-commerce companies, like Amazon, Google, Apple, have begun registering themselves for goods and services tax (GST) in all the states.   These companies have...
Sep 20, 2018
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The ever-falling rupee has aroused concerns in the market. However, a report by the State Bank of India and Nomura Holdings Inc. says Reserve Bank of India has enough money to defend the rupee...
Sep 20, 2018
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Commerce and Industry Minister Suresh Prabhu has reiterated India's commitment to the rule-based multilateral trading system, and has called for collective action to revitalise the agency without...
Sep 19, 2018
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The government is holding negotiations with the US on 25 per cent import tariff imposed on steel, Union Steel Minister Chaudhary Birender Singh said at an Assocham event held in New Delhi last week...
Sep 17, 2018
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With stressed debt of over Rs 50,000 crore under independent credit evaluation (ICE) framework, banks have to take a haircut in the range of 40-60 per cent to achieve a rating of RP4 (moderate...
Sep 13, 2018
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