Clipped from: https://economictimes.indiatimes.com/industry/services/consultancy-/-audit/revenge-spending-auditors-are-facing-a-new-challenge/articleshow/83328817.cms SynopsisGoing concern is a concept in auditing where auditors have to raise red flags for heavily debt ridden or other companies on whether
Category: Economy
Small industries seek moratorium for another year amid Covid crisis | Business Standard News
clipped from: https://www.business-standard.com/article/economy-policy/small-industries-seek-moratorium-for-another-year-amid-covid-crisis-121060701097_1.html The industries have been under complete lockdown Representational image The Coimbatore District Small Industrial Association (Codissia) on Monday requested the Centre for extending
Has India clinched the manufacturing deal? | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/has-india-clinched-the-manufacturing-deal-121060800006_1.html The scheme to offer cash incentives for local manufacturing of solar equipment as well as batteries may require a few iterations to really
Fed tapering and emerging markets | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/fed-tapering-and-emerging-markets-121060701505_1.html The year 2021 will be one of the strongest years for global growth in history One of the big risks for emerging market
Print money and finance fiscal deficit? Why RBI doesn’t agree with idea | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/print-money-and-finance-fiscal-deficit-why-rbi-doesn-t-agree-with-idea-121060700362_1.html The central bank has managed the government’s borrowing programme well, helping in liquidity. Globally, central banks are funding the stimulus through their “unparalleled
Employment rate continues to fall | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/employment-rate-continues-to-fall-121060700907_1.html Employment has been falling since January 2021 when it had touched a recent peak of 400.7 million. It has fallen in each of
TReDS: RBI’s bill discounting mechanism tops 1,500-company registration mark; up 5x in nearly 18 months – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/treds-rbis-bill-discounting-mechanism-tops-1500-company-registration-mark-up-5x-in-nearly-18-months/2267005/ TReDS was introduced in 2014 by the central bank and later in 2017, three platforms including M1Xchange promoted by Mynd Solutions, Invoicemart (joint
RBI’s liquidity measures may aid in kick-starting investment cycle; no rush to roll back rate cuts – The Financial Express
Clipped from: https://www.financialexpress.com/economy/rbis-liquidity-measures-may-aid-in-kick-starting-investment-cycle-no-rush-to-roll-back-rate-cuts/2266617/ The RBI also announced new special liquidity worth Rs 160 billion to SIBDI for on-lending for MSMEs at the prevailing policy repo rate
G7 makes a good start on tax reform – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/g7-makes-a-good-start-on-tax-reform/articleshow/83288635.cmsSynopsis Often, MNCs are known to shift their tax liability by assigning a share of costs and profits to a subsidiary in a low-tax
With borrowers unable to service loans, shadow banks are in for more pain | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/with-borrowers-unable-to-service-loans-shadow-banks-are-in-for-more-pain-121060600856_1.html The bulk of the NBFC business is cornered by the top ten players, and they include several state-run entities. Imaging: Ajay Mohanty Y
Post-Covid recovery will be uneven | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/post-covid-recovery-will-be-uneven-121060600824_1.html If the pandemic were to prolong, or if the monsoon is below normal, rural incomes will be impacted, and demand recovery will be
Why GDP data is irrelevant to markets | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/why-gdp-data-is-irrelevant-to-markets-121060700003_1.html Technology has changed how we collect data and which data set is more reliable This is my third piece in a series that
Hike corporation taxes now: GVA underscores disparity between India Inc & MSMEs – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/hike-corporation-taxes-now-gva-underscores-disparity-between-india-inc-msmes/2266265/ A retrospective higher tax for FY21 not out of place On the contrary, fat-cat corporations and banks that were, in any case, raking
MSME schemes 2020: What was announced, what was utilised, and what is needed in 2021 – The Financial Express
Clipped from: https://www.financialexpress.com/industry/sme/cafe-sme/msme-schemes-2020-what-was-announced-what-was-utilised-and-what-is-needed-in-2021/2266219/ As we grapple with an even deadlier second wave of the pandemic this year, it would be interesting to see how last year’s
Production-Linked Incentive scheme reset: Govt may shift smartphone PLI by a year – The Financial Express
Clipped from: https://www.financialexpress.com/industry/production-linked-incentive-scheme-reset-govt-may-shift-smartphone-pli-by-a-year/2266267/ Outlay, investment & sales targets, and incentive structure would remain the same Companies that did not meet the FY21 incremental sales target now
China is now second-largest export destination, behind only US – The Financial Express
Clipped from: https://www.financialexpress.com/economy/trade-talk-china-is-now-second-largest-export-destination-behind-only-us/2266285/ Analysts, however, caution against reading too much into the FY21 data, saying “one swallow doesn’t make a summer”. As such, the pandemic year
Are Bitcoins & NFTs opportunities or Ponzi schemes? – SWAMINOMICS: The Economic Times
Clipped from: https://economictimes.indiatimes.com/markets/cryptocurrency/swaminomics-are-bitcoins-nfts-opportunities-or-ponzi-schemes/articleshow/83275976.cmsSynopsis You could call this a huge democratisation of wealth, enabling youngsters with no inherited wealth or networks to beat old wealth by creating,
India needs to firm up the digital tax pillar before agreeing to global tax reform – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-commentary/view-india-needs-to-firm-up-the-digital-tax-pillar-before-agreeing-to-global-tax-reform/articleshow/83289304.cmsSynopsis Will India and other developing economies gain from the proposed deal? India will gain only with a comprehensive pact that also covers an
Seal a tax deal | Business Standard Editorials
Clipped from: https://www.business-standard.com/article/opinion/seal-a-tax-deal-121060600878_1.html Minimum global corporate tax rate solves many problems The group of seven industrialised countries, or G-7, has agreed in principle on what may
G7 makes a good start on tax reform – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/g7-makes-a-good-start-on-tax-reform/articleshow/83288635.cmsSynopsis Often, MNCs are known to shift their tax liability by assigning a share of costs and profits to a subsidiary in a low-tax
