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The Economic Times Lenders feel heat of climate change
Lenders in India are seeing negative impacts from extreme weather conditions, such as heatwaves, floods, and expected harsh winters, on their loan portfolios, affecting collection efficiency and sales. Financial institutions stress the need for climate-specific solutions and structural reforms to mitigate these risks.
The Economic Times Tax wars over old & new laws await Supreme Court's final verdict
The Supreme Court's impending verdict on the overlap of old and new reassessment tax laws from the pandemic era could affect around 90,000 taxpayers. The ruling will clarify executive power limits and procedural correctness, following significant litigation and challenges against the I-T department's reopening of old tax returns.
The Economic Times Gear makers' poor response to WiFi security mandate irks DoT
The new security mandate was scheduled to be implemented from October 1 but since only a handful of companies have applied, the government has given another one-month extension for companies to apply to avoid any disruption in supplies.
The Economic Times Generative AI raises cybersecurity concerns among companies, finds survey
The survey by Flexential found that nearly all IT leaders (95%) believe that their organisation's increased investment in AI has made them more vulnerable to cyberthreats.
The Economic Times Companies struggle to keep up with rapid pace of AI innovations, cybersecurity challenge
A large majority of US respondents are experiencing heightened concerns around market competition (73%), trust in new technologies (70%) and regulatory challenges (69%), surpassing last year's levels, according to a KPMG survey.
The Economic Times Disciplinary actions are not excessive; audit firms must improve processes and resources: NFRA Chief Ajay Bhushan Pandey
On October 1, marking the sixth anniversary of the NFRA, Chairman Ajay Bhushan Pandey spoke exclusively with ETCFO, addressing how India's auditing standards meet global requirements, investor protection, claims of pressure on auditors, debarment orders, and the organisation’s ongoing commitment to audit quality and compliance.
The Economic Times No new anti-profiteering investigations under GST from April 1, 2025
From April 1, 2025, new anti-profiteering investigations under GST will cease, allowing businesses to set prices independently. Ongoing cases will continue, with the GST Appellate Tribunal taking over from the Competition Commission of India starting October 1, 2024.
The Economic Times Resilient domestic growth, continued policy support give India Inc a strong credit boost
Leading credit ratings agencies on Tuesday highlighted the sustained strengthening of India Inc's credit quality, reflecting resilient domestic growth supported by the government's continued policy support.
The Economic Times Without development of rural India, difficult to achieve Viksit Bharat goal by 2047: CAG
India's Comptroller and Auditor General, Girish Chandra Murmu, emphasized that India cannot become a developed nation by 2047 without focusing on rural development and decentralization of power. He stressed the importance of strengthening local bodies and ensuring proper accounting and auditing standards.
The Economic Times Easier to claim tax refund in delayed ITR: CBDT doubles the limit for tax refund jurisdiction of commissioners for condonation of delay
Income tax refund: The Ministry of Finance has almost doubled the tax refund limit for accepting or rejecting condonation of delay requests. Ramakrishnan Srinivasan, former chief commissioner of Income Tax said, "In my experience as PCIT Chennai and at Kochi I have entertained many bonafide cases (due to flood, natural calamities etc, motor accident victims) by condoning delay. Happy to note CBDT has enhanced limits for senior officers in entertaining claims of higher amounts."
The Economic Times India working to reform World Bank: Lawrence Summers
Lawrence H Summers highlights the transformative potential of AI, describing it as a self-improving technology set to dominate future economic growth. He also commends India's economic progress and its increasing global influence, pointing out the benefits of reducing excessive regulation to promote technological diffusion.
The Economic Times Each of 12 smart cities to be a dedicated industrial hub
Twelve new smart cities in India will be developed as dedicated industrial hubs focusing on sectors like electric vehicles, pharmaceuticals, and food processing. These cities, spanning across 10 states, will feature advanced infrastructure and aim to create substantial job opportunities while attracting global investments.
The Economic Times RBI MPC gets 3 new external members
The government has reconstituted the Reserve Bank's Monetary Policy Committee by appointing economists Ram Singh, Saugata Bhattacharya, and Nagesh Kumar. They replace outgoing members with terms ending this week. The revamped committee will convene on October 7-9 to review monetary policy amid global rate cuts and domestic inflation trends.
The Economic Times India has potential to be AI talent capital of the world: Rajeev Singh, SAP
The Indian mid-market businesses are prioritising the implementation of generative artificial intelligence (Gen AI) at a moderate or strong priority at 96%, ahead of the rest of the world at 91%, says Rajeev Singh, Vice President & Head of Mid-Markets, SAP Indian Subcontinent, citing a SAP survey released in September. Singh also believes there is an immense potential in the segment in terms of technology adoption.
The Economic Times Peak XV downsizes $2.85 billion fund; Paytm’s employee costs go up
Happy Wednesday! Peak XV Partners, formerly Sequoia Capital India, is cutting down the size of its 2022 fund by 16%. This and more in today’s ETtech Morning Dispatch.
