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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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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The members would also visit factories in China to evaluate plant operations and examine possibilities for deepening localisation of components, the people said. This would include a visit to the BYD car plant.
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RBI clearly does not want banks to be active in this market. Banks and companies are now selling dollars domestically and buying in overseas NDF which is the opposite of what they were doing last month,” said a senior bank…
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”In light of the amendments in the taxation framework introduced by the Income Tax Act, the then concerns for the discontinuation of buy-back of shares or other specified securities from open markthrough stock exchange, i.e. tax-induced inequity among public shareholders,…
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Those grappling with such orders argue that the Income tax (I-T) department stands on flimsy ground as their firms have already paid tax on such payments.
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