Audit firms wary as govt proposes to tighten rules
According to industry experts, two points stand out: the proposal prohibits “any” non-audit services without specifying the scope and extends this to three years after the audit.
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Moody's cuts India's FY27 GDP growth estimates to 6 pc amid West Asia conflict
In its credit opinion report on India, Moody’s said prolonged disruptions, particularly LPG shipments due to the conflict, would lead to near-term household shortages, higher fuel and transport costs, and spillovers to food inflation through India’s reliance on imported fertilisers.
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CII's 20-Point Policy Agenda calls for coordinated fiscal, financial and trade response to West Asia crisis
CII noted that the recent actions reflect a high degree of policy responsiveness and coordination across fiscal, administrative and monetary domains.
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Consumer goods cos upbeat as GST tailwinds lift volumes in March quarter
Companies said organised trade channels-including modern retail, e-commerce and quick commerce-sustained growth momentum during the quarter, alongside a gradual recovery in general trade. AWL Agri Business reported 43% growth in organised channel sales in the March quarter from the year…
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NFRA flags serious audit quality lapses in Ind AS 37 application, tightens scrutiny on auditor audit committee engagement and provisioning practices
India’s apex audit regulator, NFRA, has sounded a strong warning over audit quality, flagging gaps in the application of Ind AS 37 and highlighting weak auditor engagement with audit committees on high risk areas such as provisions, contingent liabilities and…
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ICAI-ICSI-ICMAI: Let's build ‘mitras’ for the nation together
Robin Banerjee, a seasoned finance veteran, outlines the government’s proposed ‘Corporate Mitra’ scheme as a transformative step to strengthen India’s MSME ecosystem. Envisioned as a bridge between professional expertise and small businesses in emerging cities, the initiative aims to boost…
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