Robotic Process Automation – A Technology Saviour For A CFO: A contemporary CFO is expected to not only partners with the CEO in addressing critical business and governance issues, but he is also expected to provide real-time insight on performance. One of the critical roles that a CFO delivers is making the analytical presentation of […]
Blockchain in simple expressions is nothing but A Chain Of Series Of Blocks, and the component blocks are digital files which store data in them. Each of the Block is electronically associated with all other blocks in the digital web.
The industry needs to be vigilant in ensuring timeliness in the filing of GSTR-3B since delays in filings have implications of interest on gross GST liability. Basis the judgement given by Telangana & Andhra Pradesh High court, the liability to pay interest under Section 50 of the CGST Act, 2017 will NOT be limited to the net tax liability; instead, interest would be payable on the gross tax liability that is including the portion which is available for set-off against ITC.
What Is Financial Monitoring & Evaluation Of CSR Projects? Fin M & E stands for ‘Financial Monitoring and Evaluation’. The activity of ‘Monitoring’ occurs as the project is being implemented while the activity of ‘Evaluation’ occurs either after the completion of the entire project or after completion of relevant components of the projects. Typically the […]
Past experiences of financial crisis has revealed, the need of being proactive in reckoning the potential deterioration in the credit quality of the financial assets. Further adequate disclosures of increase in credit risk will facilitate prudent decision making and initiate needed corrective measures.
The decision of Reserve Bank Of India to defer of Ind-AS to April 1st, 2019 in respect of Scheduled Commercial Banks gives breather to Indian Banking Industry which is currently grappling with issues emanating from Stressed Assets, Risk Management, Governance, Insolvency and Bankruptcy Code etc. The financial statements of Banks and NBFCs would predominantly be affected by following standards:
Large number of Trustees of Charitable Trusts who are engrossed in philanthropic work are unwary to compliances imposed by relevant statutes. Enlisted below are few such points which could enable stakeholders to understand applicable statute and ensure its compliance:
The Insolvency and Bankruptcy Code, brags to have the potential to emancipate the Indian economy from distressed and troubled businesses. Apart from unlocking the value stuck in Dilapidated Businesses , the code aims at stepping up India’s ranking in Ease Of Doing Business .
Corporate Social Responsibility (CSR), should, on one hand, reflect the Corporate Philosophy and on the other hand should ensure implementation of those activities which would meet the expectations of the society and the region in which the company functions.
The Blockchain technology is probably the best invention since the internet itself. Blockchain technology addresses the long-standing challenges related to economic development and expands opportunities for exchange and collaboration by reducing reliance on intermediaries.
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