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Q2 GDP numbers disappointing but not alarming, says CEA Nageswaran

He stressed that geopolitical conditions remained fragile and may continue to impact domestic inflation, supply chains, and capital flows

Capex contracted, revenue expenditure gained pace in October: CGA data

Experts feel that the government is likely to miss the target of Rs 11.1 trillion capital expenditure in the current financial year

CCI orders probe against Google on complaint by gaming company Winzo

In its order, the CCI found Google to be prima facie in violation of antitrust provisions of the Competition Act due to the abuse of dominant position

Corporate exits now happening in 70-90 days under C-PACE, says govt in LS

The average time for processing such applications has reduced to 70-90 days from over six months earlier

Bumper kharif harvest likely to lower food inflation: FinMin report

Consumer price inflation rose to 6.2% in October, primarily driven by inflation in a few vegetables, oil, and fats

NFRA moves to extend company audit rules to limited liability partnerships

Experts noted that while specific standards on auditing exist for companies, such standards are yet to be notified for LLPs

ICAI framing compulsory qualifications for forensic audit professionals

The criteria may include mandatory completion of Forensic Standards Course and ICAI membership

Aligning with global audit norms key to Viksit Bharat vision: NFRA Chairman

Ajay Bhushan Pandey says the latest reforms proposed to India's audit standards are historic and long overdue

Rio declaration? Battle lines drawn over wars in Ukraine, West Asia

Brazil has adopted the theme "Building a Just World and a Sustainable Planet" for its presidency, with a focus on fighting hunger, poverty, and inequality

NFRA gets legal opinion on ICAI's powers to issue audit standards

'Only govt can take final call on audit standards'

Concerns about new audit norms misplaced: NFRA's Ajay Bhushan Pandey

For a Viksit Bharat, India cannot afford audit standards that are inferior, NFRA Chairperson Ajay Bhushan Pandey said

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