Section 18 of The Constitution (One Hundred and First Amendment) Act, 2016 clearly mentions that the responsibility of paying the GST compensation lies with the Centre, and not the Council, said former Chairman at Central Board of Indirect Taxes and Customs Sumit Dutt Majumder.
Over the past two weeks, migrant workers have been stranded at various places in the country, demanding food and wages.
The development comes within two weeks after Subrat Kumar was appointed as CFO, effective from July 10. The new CFO will be responsible for accounting, budget planning and control, cash management, strategic planning, treasury, ALM, tax handling and overall directing the financial policies.
For better protection from Covid-19 outbreak experts debate on effectiveness of vaccine dosage as Serum Institute of India (SII) CEO Adar Poonawalla has announced production and pricing in India. Delhi's sero-prevalence study has found that 23.48% people have been infected by the virus. Meanwhile, India Inc has shown resilience to carry on amid the pandemic. ETCFO brings these update and more...
Before the spread of the Covid-19, India Inc preferred to deal with face-to-face meetings, product launches, hiring employees and just about everything, however with the onset of the pandemic it has swiftly adopted digital modes and all its major activities including the AGMs and EGMs are now replaced with video conferencing, online product launches and virtual onboarding of employees. In a virtual summit crafted by the ETCFO, top industry CFOs, Govind Mundhra, CFO, Wework, Sugata Sircar, CFO and Country Finance Partner, Schneider Electric, Sameer Aggarwal, CFO, Manipal Hospitals, Ved Prakash Goel, CFO, Dr Lal PathLabs and Rikhil Shah, CFO, SBI, General Insurance discussed various aspects of digitalisation and asserted that CFO's role will evolve further and get closer to becoming a partner to the business.
Gupta replaces P Ramakrishnan, who will now assume a new role in the L&T Group.
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Corporate collapses, such as IL&FS and DHFL, have increased the scrutiny on the Big Four audit giants.
Biocon Limited Chairperson Kiran Mazumdar-Shaw has called for an immunisation strategy for India to administer the Covid-19 vaccine upon availability. Also, with the government borrowing to maintain momentum amid the pandemic, India's debt-to-GDP ratio may shoot up from 72.2% in FY20 to 87.6% at the end of FY21. States make plans ranging from job creation to customised lockdown to combat the virus outbreak.
"Employees can no longer have face-to-face meetings with peers and managers to discuss ethical dilemmas and potential policy violations. In such cases, they are likely to turn to the whistleblowing channel," said Nikhil Bedi.
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Amit Maheshwari, Partner at AKM Global tells Amol Dethe about the case for google tax, it’s effects and the many tricks the US has up its sleeve.
