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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

Privatising banks is essential: Arizona State University Economist Mehra

Mehra said that the bureaucracy is not going to voluntarily do anything that diminishes its influence

Urban demand stress under watch, festivals may boost consumption: FinMin

H1FY25 growth driven by rural demand, agriculture, services, and stable external sector

Progress on MDB reforms 'disappointing', says G20 expert group report

The report card comes a year after the G20 independent expert group on Strengthening MDBs had made its recommendations for reforming these institutions

Jobs most pressing global issue amid tech changes, says FM Sitharaman

Countries and institutions need to analyse trends in jobs creation and skills, she says

FM Nirmala Sitharaman calls for deeper dialogue on global sovereign debt

At roundtable in Washington DC, she cautions against contingency financing instruments

Can't accept FDI blindly, need safeguards, says FM Nirmala Sitharaman

Sitharaman said that to achieve the rate of growth India is aiming for, the country may need $100 billion to meet investment requirements, whereas the current figure stands between $70-80 billion

IMF should introspect, ensure they don't have mission drift: Sitharaman

'Expectations pinned on multilateral institutions are being frittered away because no solutions are coming out of them'

NFRA chairman Pandey stresses the need to adopt global audit standards

Pandey said that NFRA is trying to educate people about the need for adherence to global standards such as ISA 600

There's a renewed focus on GCCs with tech emphasis: KPMG India CEO

"Well-being is integral to our people strategy. As a firm, we are committed to creating an environment where every employee can thrive"