Page 23 - Ruchika Chitravanshi

Govt's small savings collection may not exceed July BE of Rs 4.2 trillion

Shift to new tax regime, steady rates affect collections

Local rural bodies should raise their own resources, says Arvind Panagariya

Several states do not have proper state finance commissions (SFCs) for fund distribution to urban local bodies and panchayati raj institutions

ICAI to knock on MCA door against proposed audit standard revision

The NFRA, after its board meet, has suggested revisions to 40 Standards on Auditing

Severe action to be taken for causing harassment to taxpayers: Sitharaman

The finance minister added that manufacturing is a priority for the government, and various schemes have been developed for this purpose

Money matters: States' borrowings at 60% of Dec target, shows data

States are allowed to go for a fiscal deficit of 3 per cent of their GSDP and 0.5 per cent relaxation is given in case they pursue power sector reforms

NFRA recommends revising audit standards in line with global norms

The Authority also approved the other 33 Auditing Standards in line with corresponding Global Standards

Centre may relax expenditure norms for Q4 to speed up capital expenditure

The Centre's capex, through which it builds physical infrastructure, reached Rs 4.1 trillion or 37.3 per cent of the annual target in the first five months of FY25

NFRA likely to propose audit norms for LLPs at Nov 25 board meeting

The meeting will be attended by representatives of the Institute of Chartered Accountants of India (ICAI), which had earlier drafted a Guidance Note on financial statements of LLPs

No place as fascinating, interesting as India on development journey: CEA

He talks about issues ranging from the United States election results and growth in gross domestic product to agriculture and his experience of having a ringside view of the Indian economy

BS BFSI Summit: Free trade effective in theory, not in practice, says CEA

India need not worry about trade battles driven by climate policies, Nageswaran said in his keynote address at the Business Standard BFSI Summit on Friday

Include land authority in CoC for real estate insolvency cases: IBBI

The IBC has seen successful resolution in 46 per cent of cases admitted in the real estate sector as of June 2024, IBBI data shows

Banking sector to be in sweet spot as long as economy is robust: PSB chiefs

Top public sector bank executives underlined that the customers are now the centrepiece for banks during a panel discussion at the Business Standard BFSI Insight Summit in Mumbai

IBBI proposes mediation mechanism for operational creditors in IBC

IBBI stated that in most insolvency cases initiated by operational creditors, the creditors are more focused on the repayment of money claims than on admission or resolution of the corporate debtor

NFRA board to meet next week: Adoption of new audit rules on agenda

Sources said that the regulator could soon notify the new standards for select entities

Trade gains or headwinds? Experts debate US election's impact on India

Experts say higher trade curbs under Donald Trump could hurt India's export competitiveness

Bibek Debroy, EAC-PM chief, passes away at 69 due to prolonged illness

Debroy was a member of NITI Aayog up to June 5, 2019. In September 2017, he was appointed Chairman of the EAC-PM

Investment, private consumption driving India's growth: IMF report

The IMF kept its GDP growth forecasts for India unchanged at 7 per cent for FY25 and 6.5 per cent for FY26 in its World Economic Outlook

NFRA likely to notify revised audit standards soon amid ICAI concerns

ICAI feels that given the complexities of the Indian market, the revised standards will concentrate audit work in the hands of a few big firms

Centre's fiscal deficit at 29% of FY25 target; capex challenges loom

Rising tax revenues and RBI dividend boost receipts

IBBI, IBA to launch centralised platform for asset liquidation auctions

Initially, the platform will be deployed in pilot mode, with a full rollout planned at a later date after incorporating improvements based on usage feedback