Sun.Jun 30, 2024

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Supreme Court deals big blow to federal agencies

CFO Dive

In a landmark ruling, the justices overturned a 40-year-old precedent and significantly reduced the power of federal agencies to interpret the laws they administer.

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From Chaos to Clarity: The Seven-Year GST Evolution

CFO News

GST, implemented on 1st July 2017, has revolutionized India's taxation system. Parag Mehta and Ankit Joshi explore its achievements, challenges, and future expectations in this insightful analysis.

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KPMG: sustainability is a key factor for financial success

Future CFO

Sustainability has made its way to the centre of business considerations as it has become one of the metrics in determining an organisation's financial success. KPMG 's latest white paper, “ Is sustainability good for financial performance? ”, explores the relationship between sustainability and financial returns, including the impact of sustainability investments on financial performance.

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Debate aftermath: Barlclays says buy inflation protection

Tips Watch

By David Enna, Tipswatch.com Any long-time reader of this site knows I try very hard to avoid political discussions and I discourage political rants in the comments section.

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How to Avoid Getting Ghosted: 3 Secrets to Staying Relevant with Gen Z

Speaker: Brian Muse-McKenney, Chief Revenue Officer & Matt Simester, Cards and Payments Expert

In today’s world of social media, dating apps, and remote work, businesses risk becoming irrelevant or getting "ghosted" if they fail to meet the evolving needs of Gen Z consumers. In this new webinar, Brian Muse-McKenney of Episode Six and Matt Simester of Payments Consultancy Limited will reveal key considerations banks should factor into their efforts to develop target products for the next generation of bank customers.

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Zomato gets Rs 9.5 crore tax demand, company to appeal against order

CFO News

Food delivery company Zomato said it has received a tax demand from the Karnataka authorities, aggregating to Rs 9.5 crore. This is the latest of multiple orders the company has received previously; the last was Rs 11.82 crore in April.

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GST simplified compliance, improved tax buoyancy; fake ITC generation still a challenge

CFO News

Introduced seven years ago, the Goods and Services Tax (GST) has streamlined compliance and boosted tax revenues, but challenges persist with fake invoices and fraudulent registrations causing tax evasion concerns. Despite this, GST has simplified the tax regime, increased taxpayer numbers, and improved tax buoyancy and state revenues. However, efforts to combat evasion are ongoing, with the need for further measures such as operationalizing the GST appellate tribunal.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The Federal Reserve’s Little Secret : No one really knows how interest rates work, or even whether they work at all—not the experts who study them, the investors who track them, or the officials who set them. ( The Atlantic ) • Why Front-Page News Can Mislead Investors : Extreme pessimism—the kind that often leads the news—can potentially be fertile ground for investment opportunities. ( Morningstar )

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The stayed order exists but remain suspended, says NCLT Mumbai Bench

CFO News

The NCLT Mumbai Bench deciding in the matter of Ericsson India Private Limited v. Reliance Communications Limited has held that the the effect of the order remains suspended till stay has been granted by the appellant court.

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It's taxing times for electoral bond buyers after Supreme Court's Feb verdict

CFO News

More than 1,000 entities who purchased electoral bonds for political donations may now face inquiries from tax authorities regarding the deductions claimed on these contributions, following the Supreme Court's decision to invalidate the scheme in February. The Supreme Court, in its ruling on February 15, declared the electoral bond scheme unconstitutional.

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Navigating the Automation Landscape: Selecting Tools That Fit Your Business

Speaker: Gary Dmitriev

Our upcoming webinar aims to demystify the process of selecting and implementing automation tools for financial institutes. This session will provide your roadmap for vetting potential solutions, focusing on due diligence, vendor assessments, and aligning technology with strategic goals. We’ll also address the critical issue of innovation fatigue, offering tips on maintaining enthusiasm and momentum for new initiatives.

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Banks scanning proprietor A/Cs to spot 'money mules'

CFO News

Banks intensify scrutiny on new accounts to combat mule activities, adapting to evolving fraud tactics like forming private companies. Vigilant measures include verification visits, latitude data, and washout logic analysis to deter money laundering and digital frauds in the financial system.

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India Inc now picks its C-level champions from indoor pool

CFO News

Indian companies like Mahindra and Aditya Birla Group are increasingly focusing on internal talent pipelines for leadership roles, showcasing a shift towards nurturing seasoned professionals for longer tenures within the organization.

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RBI aims to get inflation down to 4%, don't expect any rate cut this year: Amitabh Chaudhry, MD, Axis Bank

CFO News

Axis Bank aims for sustained growth through NIM enhancement, market share expansion, and compliance strengthening under CEO Amitabh Chaudhry's leadership.