Saket Modi, Founder & Director, Square Mile Global Consulting India is well on its way to adopting the globally accepted International Financial Reporting Standards (IFRS) with the first phase already rolled out. The imminent second phase includes banks and financial institutions. Here ETCFO’s Vartika Rawat puts a few questions to Saket Modi, the founder and …
India Inc is rushing to hire general counsels (GC) or chief legal officers to handle increasing compliance burden, rising ligation and also frequent financial transactions. As a result, the salaries offered to GCs by companies have touched an all-time high, say experts. Large companies are willing to pay anywhere between Rs 4 crore and Rs …
India Inc shelling out big bucks in race to hire legal experts, CFO News, ETCFO Read More »
Publish Date : Friday, December 30, 2022 Source link
Individual taxpayers need to be incentivised to migrate to an exemption-less income-tax regime, Bibek Debroy, chairman of the Economic Advisory Council to the Prime Minister, told ET, pegging India to grow at about 6.5% in the next fiscal. According to Debroy, the government’s capital expenditure focus will continue in FY24 while setting aside higher spending …
KOLKATA: The Reserve Bank of India (RBI) may select the next chief executive of Lakshmi Vilas Bank from a panel of candidates that the lender had sent the regulator a few months back, two people familiar with the matter said. These include an internal candidate, one from Punjab National Bank (PNB) and one from Kotak …
RBI may pick Lakshmi Vilas Bank CEO from names given by bank, CFO News, ETCFO Read More »
KOLKATA: Engineering Export Promotion Council (EEPC) has impressed upon the new the commerce and industry minister Suresh Prabhu to intervene and push for release of at least 90 per cent of goods and services tax (GST) refunds to exporters immediately after the shipping bills are filed with the authorities. EEPC India, the apex organisation for …
EEPC urges Suresh Prabhu to push for early GST refunds, CFO News, ETCFO Read More »
Fast-growing startups, today, are rapidly entering new global markets and geographies. With ongoing financial transformation, increased regulations and growing complexity, finance organizations must ensure capabilities and processes in place to handle the vast array of regulatory, operational and compliance requirements. An effective compliance program requires a system of controls around people, processes and technology. What …
Move away from costly, reactive approach, CFO News, ETCFO Read More »
Publish Date : Monday, December 26, 2022 Source link
Hospitals, educational institutions, a plethora of other charitable trusts and probably even the country’s richest sports body are beginning to fear that the taxman, armed with a spate of court verdicts, could soon knock on their doors. After the apex court set the ball rolling, a tax tribunal, which is the highest appellate body, last …
By Suvashree GhoshIndia’s delayed monetary policy meeting adds to growing uncertainty for bankers over how to bolster lending and handle record levels of bad debt. The Reserve Bank of India’s decision to reschedule this week’s interest-rate meeting makes it difficult for lenders to price loans and deposits because they usually track the monetary policy’s outlook …
Monetary policy delay adds to Indian bankers’ long list of problems, CFO News, ETCFO Read More »
