Sun.Jun 02, 2024

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Electoral bonds fine with profit caps and transparent disclosures: Amarjit Chopra

CFO News

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.

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A Day in the Life:  Bhurima Tienwuttinun from Matson Driscoll & Damico (Thailand)

Future CFO

Editor’s note: In today's A Day in the Life interview, Bhurima Tienwuttinun (pictured), ACMA, CGMA, Director at Matson Driscoll & Damico (Thailand) Co. Ltd shares with FutureCFO audiences what a typical day is like for a forensic accountant and her passion for teaching. FutureCFO: What does a typical day look like for you? Bhurima Tienwuttinun (BT): A typical day in my role as a forensic accountant specialising in insurance loss quantification, quantum expert services of evaluating economic

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Trending Sources

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No tax recovery within three months of notice, says CBIC

CFO News

The letter was written after the board noted that many tax officers were abusing the exceptional case clause, initiating recovery proceedings before the expiry of the specified three-month period, even in routine cases, forcing the companies to move courts to seek stay on the recovery process. This attracted not only adverse comments from the judiciary but in some cases even penalty.

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ISCA: finance professionals can augment up to 100% critical work functions

Future CFO

Accountancy and finance professionals can augment 60% to 100% of critical work functions with artificial intelligence in assurance, financial accounting, and management accounting, according to a whitepaper released by the Institute of Singapore Chartered Accountants (ISCA). ISCA views AI as a positive disruptor to enhance and complement the work of accountancy and finance professionals, instead of replacing them, with 72% of employers surveyed agreeing that AI will be a game changer for their b

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The Human Side of Finance: The Intersectionality of People, Culture, Adaptability, and Resilience

Speaker: Melissa Hurrington

Finance isn’t just about the numbers. It’s about the people behind them. In a world of constant disruption, resilient finance teams aren’t just operationally efficient. They are adaptable, engaged, and deeply connected to a strong organizational culture. Success lies at the intersection of people, culture, adaptability, and resilience. Finance leaders who master this balance will build teams that thrive through uncertainty and drive long-term business impact.

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Ola Electric eyes leaner road to profitability, to cut 400-500 roles

CFO News

Ola Electric, eyeing an IPO, is reportedly trimming its workforce by 400-500 employees to streamline operations. This number may change as the senior leadership is still concluding the scale of the layoffs. They are expected to hit multiple verticals, sources told ET.

More Trending

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New govt may cut FY25 fiscal deficit target amid robust growth and windfall RBI dividend

CFO News

In the interim budget in February, the government had set the FY25 fiscal deficit goal at 5.1% of GDP and revised the FY24 target to 5.8%. However, the actual fiscal gap for FY24 was contained at 5.6%. With exit polls projecting Prime Minister Narendra Modi to retain power with a strong majority, policy continuity is expected, and the government may aim to further improve the fiscal deficit target for the upcoming fiscal year starting April 1, 2025.

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A likely Modi 3.0 might just give Indian economy what it wanted for so long

CFO News

India's chances of soverign rating upgrade is likely high. Exit polls predict Narendra Modi's BJP-led NDA will secure a third term with a significant majority. The NDA is expected to surpass its 2019 tally, easing concerns about replicating previous success. This likely continuity boosts economic confidence, with S&P upgrading India's outlook to "positive" and fiscal indicators showing robust growth and reduced deficit.

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If exit polls hold true, these stocks are set to surge under Modi 3.0

CFO News

Modi stocks are companies or sectors that have benefited directly from government policies and initiatives under PM Narendra Modi, making them attractive to investors looking to capitalize on government-driven growth. CLSA has identified 54 such companies, perceived as direct beneficiaries, half of which are PSUs.

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Now, a 'Bank Clinic' to guide you on complaints

CFO News

The Bank Clinic is an initiative by the All India Bank Employees' Association (AIBEA) to help customers address their grievances amid rapid expansion in technology and a series of Reserve Bank of India (RBI) guidelines on retail banking. A customer can fill out the details of her/his complaint, create a ticket, and receive a reply in five working days on the remedies available and information on what the RBI guidelines prescribe on that matter.

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Maximizing Profit and Productivity: The New Era of AI-Powered Accounting

Speaker: Yohan Lobo

In the accounting world, staying ahead means embracing the tools that allow you to work smarter, not harder. Outdated processes and disconnected systems can hold your organization back, but the right technologies can help you streamline operations, boost productivity, and improve client delivery. Dive into the strategies and innovations transforming accounting practices.

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Most bank frauds are third-party scams on customers: IBA chief

CFO News

According to the RBI annual report, frauds increased from 13564 in FY23 to 36,075. RBI has said that the frauds have occurred predominantly in the category of digital payments (card/internet) in terms of number.

Banking 40
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Data protection, AI rules top tech’s wishlist for next govt

CFO News

Technology policy lawyers, think tanks and policy groups are making a list of priority items for the new leadership at the IT ministry after the results of the general elections. The Digital Personal Data Protection (DPDP) Rules seem to top the list, along with regulation of AI and the Digital India Bill.

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CBIC issues instructions for initiating early GST recovery

CFO News

The CBIC has said the Principal Commissioner or commissioner level officers can issue directions to recover GST dues before the stipulated three months of serving of demand order.

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Stage set for new government to press on next-generation reforms

CFO News

India will continue to be the world’s fastest-growing economy and the Indian-corporate world has its hopes up as it expects the next government to continue on the reform path and steer the Indian economy towards high growth.

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Smarter Card Solutions: Meeting the Challenges of Mid-Market Travel & Expense

Our 2025 Center Travel Survey is clear: as corporate travel increases, so does corporate credit cards distribution, and a rise in off-platform travel booking. This 61% rise causes various challenges: compliance, spend control, reporting problems, and a lack of visibility across organizations. To evolve with the ever-changing needs of travelers, decision-makers need a better solution.

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Sebi's rumour verification rule and its implications

CFO News

A new Sebi rule requires top listed companies to confirm, deny, or clarify market rumours reported in mainstream media, focusing on material impacts on share prices.

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InGovern gets defamation notice over its report on Religare

CFO News

Religare alleged that InGovern, founded by Shriram Subramanian, had published a defamatory report on its website without any verification and without studying information available in the public domain.

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RBI to face problem of plenty: Prepare for bond sales

CFO News

The RBI's challenge for the year may not be inflation but liquidity. Government spending resumption and overseas fund flows complicate monetary policy effectiveness.

Sales 40
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RBI unlikely to cut rates; Sustained vigil on inflation expected

CFO News

RBI to hold rates on strong GDP growth. Inflation within target range but food inflation high. RBI cautious on weather impact.

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Bringing AI to Finance: How to Leverage Technology for Efficiency and Control

Finance teams are balancing more than ever, but manual processes shouldn’t slow you down. In this ebook from BILL, discover how AI is transforming finance—automating AP, expense tracking, and document management to reduce errors, increase efficiency, and improve financial control. Learn how real companies are using AI-powered automation to streamline workflows, detect anomalies, and gain deeper insights.

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100X.VC invests $2.7 million in 17 startups

CFO News

100X.VC, a Mumbai venture capitalist firm, injected $2.7 million into 17 startups in their 11th cohort. This brings their total portfolio to 161 companies. Ninad Karpe, founder and partner at 100X.VC, said they invested Rs 1.25 crore in each startup and provided mentorship to help them refine their products and go-to-market strategies.

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Modi wave on D-Street! Sensex skyrockets 2,600 pts to lifetime high; Nifty soars past 23,300

CFO News

Indian benchmark equity indices Nifty 50 and BSE Sensex hit record highs as exit polls predict a third term for PM Modi, boosting investor optimism for infrastructure and manufacturing investments.

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Forex remittances worth Rs 50,000 crore under ED scanner

CFO News

Delhi-based entity made illegal sale of cryptocurrencies, sent proceeds to Hong Kong and Canada. Bank officials too being probed for leaking info, helping accused. The agency has carried out searches on residences of one of the suspects, Manideep Mago, and his company, Birfa IT Services.

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