In 2024, China and India surpassed global trade norms, driven by developing economies and robust services trade. Despite record expansion, the UN Trade and Development warns of rising protectionism and emerging trade imbalances. As geopolitical tensions and shifting policies threaten…
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IndusInd Bank’s joint auditors requested a forensic audit of its derivatives portfolio due to discrepancies potentially impacting its net worth by 2.35% as of December 2024. The bank’s board is now selecting an audit firm, with PwC already reviewing the…
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It is happening across businesses and states, with the taxman snooping around for transaction details with organisations in financial services, hospitality, healthcare, real estate, manufacturing, and those linked to telecom and direct-to-home services. The aim is to collect evidence of…
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Returnship programs are aiding companies in accessing diverse talent and addressing skill shortages. Infosys, Publicis Sapient, NatWest, and HSBC have seen increased retention and diversity through these initiatives. However, only 28% of companies have structured programs, often lacking a promise…
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Yes Bank has launched a GST payment facility, enhancing its digital banking services. The facility allows businesses to meet tax obligations quickly and securely via the bank’s internet banking platforms or branch network. Taxpayers can generate GST challans on the…
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In the ongoing debate over the Income Tax Bill, 2025, BJP’s Haryana CA Cell, led by Nitin Bansal, advocated for the exclusive role of CAs in tax audits, highlighting their specialized training and trustworthiness. On the other hand, Congress MP…
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