IntroductionThe recent release of data by the Central Statistical Office (CSO) on gross value added to the Indian economy poses a cause of concern. The CSO showed that the Indian economy grew 5.7% in the first quarter of 2017-18 financial year (FY), that is, in April-June. In the same period o...
The Goods and Services Tax (GST), which was implemented on July 1, has left major businesses in a snag due to the newly rolled out rules and regulations. Archit Gupta, Founder and CEO of ClearTax, spoke to BE’s Ankita Chakraborty on how his venture is aiding businesses to comply better with v...
New Delhi is happy that India’s external debt has declined. Aggregate external debt declined 2.7% to $ 471.9 billion at the end of last fiscal against $ 485 billion as on March 31, 2016. The decline was primarily caused by a fall in NRI deposits and that of external commercial borrowings (ECB). NR...
The year 2017 had a number of significant events both domestically and internationally. We witnessed, continued rising of “right wing” political ideology, a defining moment of the same, was the unprecedented and unanticipated outcome of the US Election. We have already seen right-wing ideology t...
Company BackgroundBirla Corporation Limited (BCL) is the flagship Company of the M.P. Birla Group. The Company is primarily engaged in the manufacturing of cement as its core business activity. It has significant presence in the jute goods industry as well. The Company has recently acquired the enti...
Allahabad Bank has reported a net profit was` 28.84 crore in Q 1 FY 2017-18 against a loss of` 564.96 crore during Q 1 FY 2016-17. Operating profit of the Bank has surged by 20.97% in Q 1 FY 2017-18 year on year to`1170.32 crore as against` 967.44 crore in Q 1 FY 2016-17. At the same time, it is rep...
Tax-filing is a tedious and complicated process. Even though the income tax department is trying to make it easy for tax payers, the need of tax consultants is prominent. All India ITR (www.allindiaitr.com), a government autho-rised e-filing website, recently launched a platform offering income tax ...
RBI Governor Urjit Patel speaking on the Third Bi-Monthly Monetary Policy Statement 2017-18.The Reserve Bank of India (RBI) reduced the repo rate by 25 basis points or 0.25% on August 1. It was an expected move. The repo rate is the rate at which the commercial banks take short term loan from the RB...
Company BackgroundBalkrishna Industries Limited is a leading manufacturer in the off-highway tyre market. It is focused on manufacturing a range of off-highway specialty tyres, which are used in agricultural, industrial, material handling, construction, earthmoving, forestry, lawn and garden equipme...
With the recent roll-out of the Goods and Services Tax (GST) regime, many industry observers have expressed hope that this will mark the revival of the leasing industry in India. For long, lease, as a financial instrument, has not quite taken off in India despite being an empirically proven cost-eff...