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The Economic Times
The Economic Times Electoral bonds fine with profit caps and transparent disclosures: Amarjit Chopra
Amarjit Chopra, former President of the Institute of Chartered Accountants of India (ICAI), provides insight into India's electoral bond scheme, emphasizing the Election Commission's critical role. He also reflects on the Supreme Court's involvement, suggesting that instead of deeming electoral bonds illegal, modifications could have been proposed prospectively to address scheme deficiencies.
The Economic Times May 2024 sees GST collection at Rs 1.73 lakh crore, records 10% YoY growth
The GST collection has eased from the record high of Rs 2.1 lakh crore collected in April.
The Economic Times Strategic Implementation of Technology by CFOs for Optimisation
In this insightful article, Clifford Lobo, CFO of WeWork India, explores how today's CFOs drive digital transformation, enhance operational efficiency, and ensure sustainable growth through strategic technology adoption.
The Economic Times Indian Labour Market: The Vital Role of Staffing Companies and Future Outlook
Authored by Sanjeev Jha, CFO of Persolkely India, this comprehensive article delves into the dynamic Indian labour market, the crucial role of staffing companies, and key trends and challenges shaping the next decade. Highlights include workforce composition, informal sector dominance, technological impacts, and strategic insights into the evolving role of staffing companies in facilitating economic growth and addressing employment challenges.
The Economic Times ETtech Deals Digest: Startup funding in May rises 62% on year to $817 million
New-age startups raised $817.2 million in May 2024, up 62% from last year, with top investor Venture Catalysts leading funding rounds for startups like Zypp Electric.
The Economic Times Govt urges over 100 corporates to setup incubation centers for manufacturing startups
Startups and entrepreneurs in the nation have been playing a significant role in shifting global value chains to India by creating and innovating domestically. The National Council for Cement and Building Materials has already set up the centre.
The Economic Times Audit panels of companies can’t escape blame by citing auditors’ failure: NFRA chief
NFRA chairman Ajay Bhushan Pandey emphasized the audit committee's responsibility in ensuring accurate financial statements, even if auditors fail in their duty. He highlighted the need for meaningful communication between audit committees and auditors, stating that it should not be a mere formality. Pandey's remarks come as the NFRA plans to engage with large listed companies to promote accounting standards and curb corporate frauds. This regulatory outreach is part of efforts to protect retail stock investors, a focus highlighted by Finance Minister Nirmala Sitharaman.
The Economic Times Govt cuts windfall tax on petroleum crude
The Indian government has cut the windfall tax on petroleum crude to 5200 Indian rupees ($62.33) per metric ton from 5700 rupees, with effect from June 1, according to a notification issued on Friday.
The Economic Times HUL’s 200 managers took home Rs 1 crore pay in FY24
​The country's leading fast-moving consumer goods company's median remuneration increase for its employees was 7.38% in FY24, down from 10.73% in FY23, according to its annual report. Average increase in the salaries of employees other than the managerial personnel in FY24 was 4.4%.
The Economic Times Global capability centres go big on hiring gig employees
​There has been a considerable increase in demand for gig employees in the global capability centres (GCCs) of MNCs in the last six months — up by 20-25% from a year earlier — as they look for a balance of cost-effectiveness, scalability, and faster access to skills, show data from staffing firm Randstad.
