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 proposed GST rate cut with denial of input tax credit to builders would come with the condition that builders must ensure 80% of the inputs are procured from GST-registered dealers. This comes as...
Feb 22, 2019
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Rules barring foreign funds from directly buying up bank loans are aggravating India’s distressed debt market, says Bank of America Corp. The US lender said that in the past year, it had to team up...
Feb 20, 2019
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In a report titled ‘Indian Corporate 2019 Outlook - Time For Caution’, S&P Global Ratings has forecast that rated Indian corporates may likely face a slowdown in revenue growth over the next 12...
Feb 19, 2019
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The government announced its decision to raise angel tax exemption limit for startups today whose share premium do not exceed Rs 25 crore from earlier Rs 10 crore. The decision came two weeks after...
Feb 19, 2019
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The global trade growth is likely to slow down further in January-March period of 2019, the World Trade Organization (WTO) has said.    The interovernmental organisation, in September last year...
Feb 19, 2019
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The bankers want speedy resolution of cases under the Insolvency and Bankruptcy Code (IBC). To this, they have suggested, among other things, the introduction of a mechanism to cut down unwanted...
Feb 18, 2019
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All states except Kerala and Telangana, and two Union Territories (with assemblies), will have higher annual threshold limits for mandatory registration for GST for goods suppliers. This will come...
Feb 15, 2019
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Pramod Chandra Mody,  a 1982-batch Indian Revenue Service (Income Tax cadre) officer, was on Friday appointed as the new chairman of the Central Board of Direct Taxes (CBDT).  CBDT is the policy...
Feb 15, 2019
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The fate of operational creditors in the Essar Steel insolvency case hangs in the balance, the Supreme Court (SC) on Monday dismissing a plea file by them.   The creditors had also sought to be...
Feb 12, 2019
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State Bank of India (SBI) and Oriental Bank of Commerce (OBC) have put on sale financial accounts of the stressed companies. The move by these state-owned banks is aimed to recover dues of around...
Feb 11, 2019
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The International Monetary Fund (IMF) warned governments to gear up for a possible economic storm, with the world experiencing a dismal growth. “The bottom line — we see an economy that is growing...
Feb 11, 2019
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The latest edition of Global Economic Conditions Survey (GECS) from ACCA (the Association of Chartered Certified Accountants) and IMA (Institute of Management Accountants) finds India’s confidence is...
Feb 08, 2019
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In an acknowledgment of the improvement in India’s innovation ecosystem, the US Chamber of Commerce moved India up eight places in its international intellectual property (IP) index and has ranked...
Feb 08, 2019
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If your PAN is not linked with Aadhaar number, you can not file income tax return (ITR). In a ruling, the Supreme Court of India has made linking of Aadhaar with the Permanent Account Number (PAN)...
Feb 07, 2019
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The bank credit in India would grow at a average pace of about 13-14 per cent between 2018-19 and 2019-20, which is significantly faster compared with the 8 per cent recorded in FY2018, said a...
Feb 06, 2019
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The Reserve Bank of India is likely to change its monetary policy stance to "neutral" from "calibrated tightening" on Thursday and move closer to a rate cut in April as inflation remains below the...
Feb 05, 2019
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The Interim Budget estimate of 13.5% growth in gross tax revenue for FY20 on the back of a robust base of 17.2% growth in FY19 (revised estimate or RE) is somewhat too optimistic, says. Report in...
Feb 05, 2019
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Hari L Mundra, Independent Director, Board of ICICI Bank & Visiting Professor at IIM - Ahmedabad: The malaise in the Indian economy has been deep rooted, destroying our pride and image. No...
Feb 05, 2019
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Foreign Portfolio Investors (FPIs) withdrew over Rs 5,300 crore from the Indian capital markets in January, according to a PTI report published in Financial Express. The FPI outflow is being seen...
Feb 04, 2019
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Sugata Sircar, CFO & Country Finance Partner – Greater India Schneider Electric: With the containment of inflationary pressure and fiscal deficit, a healthy FDI and stabilisation of key policy...
Feb 04, 2019
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The interim Budget 2019-20 has estimated the fiscal deficit at 3.4 per cent of GDP for the year 2019-20.    “The estimate of incomes and expenditure which I am presenting today, pegs the fiscal...
Feb 01, 2019
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Union Minister of Finance Piyush Goyal has said that income tax refunds will be processed within 24 hours and released immediately. "Within the next two years, the assessment of all tax returns...
Feb 01, 2019
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Union Finance Minister Piyush Goyal presented NDA government's last Budget in Lok Sabha today. Here are the high points: Union Cabinet held its meeting before today's Parliament session and...
Feb 01, 2019
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Chanda Kochhar, who was named as one of the world’s most powerful women by Forbes a year ago, is now removed as the chief executive officer (CEO) of ICICI Bank.   The ICICI Bank board, on...
Jan 31, 2019
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With the Supreme Court upholding the constitutional validity of the insolvency law and the Government of India directing lenders to resolve insolvency cases at earliest, the founders of the...
Jan 31, 2019
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As against earlier expectations, India’s economic activity shows signs of slowing in December, said a report by Bloomberg. Several reports earlier predicted a quick turnaround in the country's...
Jan 30, 2019
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The Centre is confident that several public sector banks (PSBs) will begin recording profits at the end of the current fiscal, interim Finance Minister Piyush Goyal said after a day-long meeting...
Jan 29, 2019
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Reserve Bank of India (RBI) governor Shaktikanta Das today met the chief executives of the various public sector banks (PSBs).    During discussion, Das conveyed regulator’s expectations from...
Jan 28, 2019
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The Supreme Court, on Friday, upheld the constitutional validity of a law that bars founders of companies that are loan defaulters from buying back stressed assets.   It said the provisions of...
Jan 25, 2019
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The Central Bureau of Investigation (CBI) has registered an FIR against companies and persons for alleged irregularities in loans sanctioned in 2012.   Those booked include former ICICI Bank MD...
Jan 25, 2019
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The Union Cabinet, chaired by the Prime Minister Narendra Modi, has approved the creation of National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT).   The office of the...
Jan 25, 2019
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In absence of Arun Jaitley, Minister of Coal and Railways Piyush Goyal has been named the interim Finance Minister and interim Minister of Corporate Affairs.   In a press communique on...
Jan 24, 2019
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The Confederation of All India Traders (CAIT), in a memorandum to Prime Minister Narendra Modi on Wednesday, demanded a relief package for small businesses. It said the move will provide better...
Jan 24, 2019
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India is a rising star for several rating agencies and institutes. Their latest reports suggest India will reverse the sluggish global economic trend to become the fast growing country. Now, former...
Jan 23, 2019
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The Central Board of Direct Taxes (CBDT) has identified non-filers through non-filers monitoring system (NMS) by using data analytics.   It has asked the non-filers to assess their tax...
Jan 23, 2019
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While the growth of the global economy is forecast to dip, India will maintain its lead as the world’s fastest-growing major economy as it picks up pace next year, said the International Monetary...
Jan 22, 2019
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As many as 12 of the 17 states in the Reserve Bank of India’s non-special category grew faster than the 6.7 per cent growth rate of the national economy in the fiscal 2018, Crisil said in its...
Jan 22, 2019
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It seems Brexit issue is taking its toll on the British economy. According to latest projections by PricewaterhouseCoopers (PwC), India and France are likely to get ahead of the United Kingdom (UK...
Jan 21, 2019
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NSE Academy Limited (NAL), a wholly owned subsidiary of the NSE and the Association of Chartered Certified Accountants (ACCA), the global body for professional accountants, have signed a Memorandum...
Jan 21, 2019
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Though India is ranked at 77 as against 142 in 2014 in the World Bank’s Doing Business Report, Prime Minister Narendra Modi is still not satisfied.    "I have asked my team to work harder so...
Jan 18, 2019
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State Bank of India (SBI) chairman Rajnish Kumar said Section 29A of Insolvency and Bankruptcy Code (IBC) is being “stretched too far” and needs more clarity.   Section 29A of IBC lays down a...
Jan 18, 2019
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The government is keen to reduce the processing time for refunds to just one day from 63 days, and to ensure that this happens it has selected IT-major Infosys to develop Rs 4,241.97 crore worth next...
Jan 17, 2019
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The Union Cabinet has approved the recapitalisation of Export Import Bank of India (Exim Bank). The meeting was chaired by the Prime Minister Narendra Modi. The infusion is aimed to help the bank...
Jan 16, 2019
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The Consumer Price Index (CPI) based inflation rate went down to 2.19 per cent in December from 2.33 per cent in the corresponding previous year, said a government data. This rate happens to be the...
Jan 15, 2019
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The central government has re-promulgated the Companies (Amendment) Ordinance, 2019. The Ordinance is to amend the companies law to further improve the ease of doing business as well as ensure...
Jan 15, 2019
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A United Nations Conference on Trade and Development (UNCTAD) report says India's creative goods exports nearly tripled from USD 7.4 baillion in 2005 to USD 20.2 billion in 20The findings were...
Jan 15, 2019
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India Inc is optimistic on the prospects of the economic growth in the next 12 months, says a survey report titled "by the FICCI-PwC India Manufacturing Barometer 2019: Building Export...
Jan 11, 2019
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The health insurance segment has recorded a growth of over 20 per cent in premium collection for the third year in a row. The insurance companies collected Rs 37,029 crore as health insurance...
Jan 11, 2019
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