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The Economic Times CFOs’ biggest challenges

The CFOs today have moved away from their traditional role to more of a business role. Recently, a CFO told me that the board and shareholders expect CFOs to be a co-pilot in the business growth. They should be responsible for sustainable strategies as well. As digital is revamping the world, the CFOs desk is under transformation and here are the few major challenges.

The Economic Times GST Amnesty Scheme: Key Considerations for Budget 2024

The introduction of the Goods and Services Tax (GST) seven years ago remains a landmark reform in India. Kartik Solanki, Partner, Indirect Tax, BDO India, explores the evolving landscape and the newly proposed Amnesty Scheme.

The Economic Times EU's carbon tax could cost India 0.05 per cent of GDP: Report

The EU's CBAM taxes 25% on India's energy-intensive exports, impacting 0.05% of GDP, per CSE. Targeted goods: iron, steel, cement, fertilizers, aluminum. Exports to the EU made up 9.91% (2022-23). 26% aluminum, 28% iron, steel were EU-bound. CBAM-covered goods formed one-fourth of global exports. No hydrogen, electricity exported. Debates occur at UN climate conferences.

The Economic Times Foreign flows in G-secs top $1 billion in two weeks

Flow post inclusion in JP Morgan global index, analysts expect investment of around $2 b per month; India likely to reach maximum weight of 10% in Index over the next 10 months

The Economic Times Selection of PSUs for listing in the works to unlock value

National Seeds Corporation and Central Warehousing Corporation could be among the first set of candidates for listing, as per preliminary discussions, according to the people. Meanwhile, the proposed listing of ECGC, which has an 85% share in India's export credit insurance market, is being expedited, they said. There are 170 unlisted non-financial central public sector enterprises (CPSEs), according to the Department of Investment and Public Asset Management (DIPAM) data.

The Economic Times Adani, Wilmar look to offload $670million JV stake

The owners are exploring selling equal stakes that may total 13 per cent in Adani Wilmar, said the people, asking not to be identified as the information is confidential.

The Economic Times State of the Economy: How macroeconomic indicators performed in June 2024?

Retail Inflation and Wholesale Price Inflation increased to 5.08 per cent and 3.36 percent respectively snapping months long record; Unemployment rose to 8-month high at 9.2 per cent. Industrial production grew 5.9 per cent, UPI transactions saw a dip, while FPIs witnessed net inflows in June 2024. Read here for the detailed analysis:

The Economic Times NCLT admits Axis Finance’s plea against Primat Infrapower & Multiventures

The Mumbai bankruptcy court has admitted Essel Group affiliate Primat Infrapower & Multiventures under the corporate insolvency resolution process (CIRP) following an application filed by Axis Finance Ltd. Axis Finance, a subsidiary of Axis Bank, approached the tribunal after the company defaulted on its dues. The Mumbai bench of the National Company Law Tribunal appointed Devarajan Raman as interim resolution professional for the company.

The Economic Times RBI may revisit 'withdrawal of accommodation' stance by September: SBI Research

RBI may reassess policy in September due to a 0.1% drop in US inflation in May, potentially leading to a Fed rate cut. SBI Research notes June CPI driven by vegetables and monsoon. June 2024 saw higher core, rural, urban inflation and variability affecting Central India, Odisha, Bihar, and Karnataka. Services inflation, IIP, manufacturing, and electricity grew.

The Economic Times Sebi mulls over raising F&O contract value from Rs 5 lakh to Rs 25 lakh: Report

A committee formed by the markets regulator to examine the futures and options segment has made preliminary recommendations aimed at reducing speculative trading. These recommendations, including the proposed agenda, are part of an effort to enhance stability and fairness in the derivatives market.

The Economic Times PV Subramanyam calls Sebi’s move to start new asset class fantastic

PV Subramanyam supports SEBI’s new asset class for Rs 10-15 lakhs investors, bridging mutual funds and Rs 50 lakhs PMS. It allows long-short strategies, SIPs, derivatives, and index funds, attracting HNI market, young professionals, and small PMS managers.

The Economic Times PwC for extension of beneficial tax regime for new manufacturing cos

PwC has recommended extending tax benefits for new manufacturing companies and introducing a tax amnesty scheme for Customs cases to Finance Minister Sitharaman before the upcoming budget presentation on July 23.

The Economic Times Government should spend 2.5 pc of GDP on health sector: FICCI panel chief

Mahajan said, "We would want the government fulfils its promise of spending 2.5 per cent of GDP on the healthcare sector as was promised many years ago. One has to realize that the healthcare sector also apart from taking care of the health of the public also provides many jobs.

The Economic Times 5% uniform IGST on aircraft engine parts to expand the tax base and augment revenue, says Legal Experts

With effect from July 15, 2024, Union Civil Aviation Ministry has announced the implementation of a uniform IGST rate of 5% on all aircraft and aircraft engine parts.

The Economic Times CBIC exempts these businesses from filing GSTR-9 annual return for FY 2023-24

GST annual return: Now there is no need to file GSTR-9 annual return for FY 2023-24 as the Central Board of Indirect Taxes and Customs (CBIC) has exempted small businesses from filing annual return (GSTR-9) for FY 2023-24. Read here to know who is required to file GSTR-9 and who is not.