| ETCFO Newsletter | Tuesday, December 3, 2024 |
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Daily Newsletter
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Top Stories
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Earlier, the NFRA had invited public comments on SA 600 until October 30th, amid a tussle with the ICAI over auditing standards. As stated by the NFRA...
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The Indian government will update the base year for GDP calculation from 2011-12 to 2022-23. Announced in Rajya Sabha, this revision incorporates adva...
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India's manufacturing sector growth slowed in November as the Manufacturing Purchasing Managers' Index (PMI) dropped to 56.5 from October's 57.5. Ris...
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Entities linked to Adani Group have sought a settlement with Sebi over alleged public shareholding norm violations. They filed settlement applications...
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Businesses are seeing increased competition from new entrants in various sectors. DMart, Asian Paints, and Pepsi face challenges from new competitors....
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A Group of Ministers (GoM) may seek a three-month extension to conclude discussions on the future of the GST compensation cess beyond March 31, 2026. ...
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On balance, ICRA said it expects the operating profit margin (OPM) for India Inc to improve in the coming quarters.
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GST authorities have booked tax evasion cases against 17 cryptocurrency exchanges, amounting to Rs 824.14 crore. This includes Rs 722.43 crore against...
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Over 60 per cent of Indian sustainability startups demand increased government support to fuel funding. A survey involving 200 startups from six India...
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Despite contributing approximately 7% of global emissions, India's corporate commitments reflect a growing awareness, though high-emission sectors lik...
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Leadership
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Nissan Motor Corporation, one of Japan's largest automakers, appointed Stephen Ma as CFO in December 2019. Ma is now set to step down amid ongoing cha...
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Infinx has appointed Ninad Chavda as its new Chief Financial Officer, bringing over 25 years of expertise in financial management, mergers, and acquis...
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Governance, Risk & Compliance
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The company filed its IPO papers on August 23, 2024, and plans to list its shares on both the BSE and NSE. The IPO comprises shares with a face value ...
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In Aug, Sebi had imposed a total fine of about Rs 625 crore on 26 entities, including Reliance ADA group chairman Anil Ambani, for their role in fu...
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Tax
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President Droupadi Murmu urged trainee IRS officers to make tax collection less intrusive and rely more on technology. She highlighted the importance ...
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The ministerial panel led by Bihar deputy CM Samrat Chaudhary has discussed a proposal to do away with GST on term life insurance, while also remov...
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The Group of Ministers on GST rate rationalisation decided to increase tax on aerated beverages, cigarettes, and tobacco products to 35% from 28%. Cha...
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Minister of State for Finance Pankaj Chuadhary shared the details of the proportion of GST collected (excluding compensation cess and other payment...
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Minister of State for Finance Pankaj Chaudhary tabled a notification in Rajya Sabha scrapping the levy on crude oil produced by firms like state-ow...
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Corporate
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He added that discussions will start soon to finalise the timing, the stake sale quantum and the minimum price (floor price) in keeping with Sebi rule...
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Two advisory firms, SES and IiAS, recommend shareholders vote against Gautam Singhania's appointment as Raymond Lifestyle executive chairperson, citin...
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Economy
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Economic Affairs Secretary Ajay Seth expressed optimism about India's GDP growth, despite second quarter figures being lower than potential at 5.4%. H...
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Enhanced government spending is crucial for India's Viksit Bharat vision, with strategies needed to boost tax revenues, optimize fiscal transfers, and...
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Foreign Direct Investment (FDI) inflows into India surged by a robust 45 per cent to $29.79 billion in April-September during the current financial ye...
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