India is expected to become the world's third largest consumer economy reaching $400 billion in consumption by 2025. India's organised retail sector now accounts for 10 percent of the country's GDP and over 8 percent of its employment.
A high level panel led by justice BN Srikrishna has submitted its recommendations on the data protection framework to the government. The 67-page report is overarching in its scope as it deals with how companies and the government should handle personal data. It also defines what qualifies as personal data.
Staring at a record USD 145 billion in stressed loans in FY18, the Indian banking sector is facing a crisis of confidence in capital forcing the government and the regulator to go back to the drawing board to find a solution.
India is one of the fastest growing economies in the world and has emerged as the top FDI destination. A large consumer base, growing disposable incomes and the improvement in the ease of doing business are key drivers for the emerging global preference for investing in India.
Organisations are increasingly using digital technology to change the way they do business. Increased connectivity means a heightened exposure to fraud, corruption and other risks. EY, in its biennial global fraud survey of 2,550 companies across 55 countries attempted to gauge fraud across businesses. The findings are interesting to say the least.
Companies that collect data from citizens in the European Union will now need to comply with new rules protecting customer data starting May 25. The European Parliament adopted General Data Protection Regulation (GDPR) in April, 2016. It replaced an outdated data protection directive that was in existence since 1995.
As the government readies to roll out this game changer scheme, it is time for a status check on design & blueprint of the National Health Protection Scheme and the 1.5 lakh wellness centres that the government plans to set up as part of this mission.
With the Union Budget just around the corner, we continue to focus on the expectations of India Inc from Finance Minister, Arun Jaitley. Over the last month, EY India surveyed 150 CFOs, tax heads and senior finance professionals to get their wish list for Budget 2018. What are the industry's specific demands this time around?
Watch Mark Weinberger, Global Chairman & CEO of EY talk about the United States' plan to reduce corporate tax rate. Weinberger expressed confidence that the tax cuts, which are expected to be introduced by the end of 2017, will make USA an attractive investment destination.
CNBC-TV18’s Shereen Bhan is moderating a panel for Eye on India with eminent panellists, SC Garg, Economic Affairs Secretary and TN Ninan of Business Standard. They discussed about mega recapitalisation plan for public sector undertaking (PSU) banks and about India's economic future.
The next GST council meeting on October 6th has its task cut out and it is time to address the gaps in the landmark Goods and Services Tax. Exporters are complaining of blockages of working capital as refunds are getting delayed. CNBC-TV18's Shereen Bhan caught up with experts to find whether these moves are enough to calm the nerves of the lakhs of taxpayers who are running short of cash to run their business?
Keeping in mind the Centres push for electric vehicles, CNBC-TV18's Shereen Bhan caught up with experts to understand the challenges and opportunities a policy move like this bring and also analyse the preparedness of automakers and India's race to become the world's third largest car market by 2030.
Watch the interview of Abizer Diwanji Partner & National Leader Financial & Restructuring Services, EY India and Sumant Batra Insolvency Lawyer with CNBC-TV18's Manisha Natarajan where they spoke about the Insolvency code.
At the last count, the government has collected as much as Rs 42,000 crore in the first filing under the goods and services tax. This number is expected to increase as more returns are filed in the next two days. The last date of filing returns is now August 25.
In an interview to CNBC-TV18's Shereen Bhan, Mahender Singh, Member-GST, CBEC, Navin Kumar, Chairman of GSTN and Harishanker Subramaniam, Partner & National Leader - Indirect Tax at EY India spoke about the August 5 meeting of the GST and what it will mean going ahead.
After over a decade of back and forth, the goods and services tax became a reality on the July 1. India's biggest tax reform since independence subsumed more than a dozen taxes in the country. We are nearing the one month milestone of the GST rollout and today we take stock of the hits and misses in this first month.