IFRS 17, the global insurance accounting standard, took effect in 2023, with India aligning through Ind AS 117, issued in August 2024. While the initial compliance deadline was 2025, IRDAI has extended it to 2027, giving insurers more time to…
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The government has extended Chief Economic Adviser V Anantha Nageswaran’s tenure till March 2027. Nageswaran, who took charge in January 2022, will continue to advise on economic policies and draft the economic survey. A veteran in finance and academia, he…
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India’s current economic slowdown is not structural but cyclical, primarily caused by monetary and fiscal tightening, says a report by Antique.
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Principal Scientific Adviser Ajay Kumar Sood announced that policies are being developed to regulate Artificial Intelligence in India without hindering innovation. Foreign AI models won’t be banned if privacy and laws are respected. The government aims to balance regulation efficiently,…
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India Inc is expected to offer an average salary hike of 9.2% in 2025, slightly lower than last year’s 9.3%, as companies adopt a cautious approach amid global geopolitical and economic challenges, AI advancements, and U.S. trade policies under the…
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The flow of funds from Indians working overseas into non-resident Indian (NRI) bank accounts has shot up by 42.8 per cent to $13.33 billion between April and December 2024, compared to $9.33 billion during the same period in 2023, according…
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