The Indian Government has been working on a complete overhauling of the archaic labour regulations with the objective of bringing them in sync with the 21st century business landscape and promoting investments.
With the current sluggishness in the economy, a lot of thrust would be required especially in the infrastructure sector to revive the growth momentum. This is particularly true, considering the fact that recently IMF’s World Economic Outlook Update revised India’s 2020 growth forecast to 5.8% from the earlier projection of 6.7%.
Welcome to India – the fastest growing large economy in the world. According to the
World Bank, the Indian economy will grow at 7.3 % in 2018-19, followed by growth rate
of 7.5% for next two years.
The year 2019 is a crucial year for the Indian Economy as the central political direction
The Companies Act, 2013, which was introduced in a phased manner, with effect from 12 September 2013, resulted in severe hardships to private limited companies. There were various provisions which were made applicable to such private companies just like listed public companies.
‘Study on Shareholder Returns of Great Workplaces 2017’ by RSM India
Foreword: The objective of the above study is to substantiate whether the great workplaces identified by Great Place to Work® Institute in India consistently outperform major stock indices in total shareholder return. This is being sought to be established by:
Financial year 2016-17 has been a year of monumental change in the financial reporting landscape in India. From 1 April 2016, Indian Accounting Standards (Ind AS), converged with International Financial Reporting Standards (IFRS) is new accounting norm for listed and unlisted companies with net worth in excess of Rs. 500 crores (phase I).
With the Ministry of Corporate Affairs (MCA) notifying (Indian Accounting Standards) Ind AS implementation in a phased manner from financial years commencing on or after 1 April 2016, the Central Board of Direct Taxes (CBDT) set up Accounting Standards Committee in June 2015 with a direction to suggest framework for Minimum Alternate Tax (MAT) in view of transition
We summarise the ICAI’s ITFG clarifications on Ind AS applicability
Ind AS Transition Facilitation Group (ITFG) formed by ICAI has issued Bulletin 6 that provides the following clarifications on Ind AS applicability:
Amidst the global slowdown, India has emerged as the frontrunner in attracting Foreign Direct Investment (FDI). In 2015-16, India received its highest ever FDI, which has given a big push to many key sectors including Railways, Defence, Insurance and Medical devices.
RSM India is pleased to upload the Direct Taxes and Service Tax Compliance Calendar for the year 2016-17. The compliance calendar covers the most relevant due dates, applicable forms and other compliances applicable to Companies, Partnership firms / LLPs and Individuals / HUFs.
Real estate has always been the Indian investor’s preferred choice, even if it means investing in just a plot of land. The sharp rise in prices of both residential and commercial real estate over the past few years, however, has made investing in property a difficult proposition for most ordinary Indian investors.
This article deals with changes under Ind AS that significantly affect the accounting of revenue by Indian software/technology (IT/ITeS) companies. In addition to revenue recognition, it also deals with recognition of investment income.
India’s macroeconomics variables have improved considerably in the past year and significant measures have been taken recently to revisit the Foreign Direct Investment (FDI) policy, with a view to further ease of foreign investments into the country.
The Global Real Economy is a new bi-annual e-publication, which includes economic and other business insights to reflect the RSM network’s global reach and its ability to provide world-class audit, tax and consulting services to leaders of entrepreneurial, growth-focused companies around the world.