In an interaction with Moneycontrol, Deloitte India partner Himanish Chaudhuri also said that public-private partnerships are expected to enhance and accelerate value-added services in Indian banking apps.
Nathan has over 30 years of experience in HR management, across diverse industries including Manufacturing, Hospitality, IT, Telecom, and Professional Services.
The move is part of a leadership transition in the firm which is looking to move up the value chain in the consulting business and expand into niche areas.
India faces challenges related to the availability of resource-rich sites and land for deploying more than 2,000 GW of grid-scale renewable energy and an additional 1,000 GW for green hydrogen, raising concerns about land acquisition, the report said.
Deloitte India Partner Rohinton Sidhwa said the reason for rising tax collection, aside from the increase in economic activity, is attributable to the marked increase in compliance demonstrated by the number of returns filed.
The reforms send out a strong message to the global community, and are expected to bolster confidence of investors and lenders in the telecom sector, Peeyush Vaish, Partner and Telecom Sector Leader, Deloitte India said.
The survey collated a total of 180 responses from nine industries. It found that the industry expects the government to focus on creating jobs, especially for less-skilled workers, to boost income and demand.
Retailers who do not adopt effective omni-channel models and provide a differentiating consumer experience are likely to face either consolidation or failure, says Anand Ramanathan, Partner, Deloitte India
The survey found that almost 50 percent of the companies surveyed are projecting a salary increment of less than 8 percent for 2020-21 and only 8 percent companies are expecting to offer pay increases greater than 10 percent.
At present, shopper and shopping experiences are technologically enabled and digital has taken a centre stage redefining the meaning of convenience.
The report expects India’s e-commerce market to grow at a compound annual growth rate (CAGR) of 30 percent due to growing internet penetration and increasing smartphone usage along with the rising number of online shoppers.
CII, the industry body, said that the decision to relax FDI norms in sectors like single-brand retail would lead to further increase in foreign investment inflows.
Both tax consultancy firms BMR and Deloitte refused to comment on the proposed merger.
National Stock Exchange of India is redrafting its algorithmic trading policy after a forensic audit by Deloitte India found that the exchange‘s systems were prone to manipulation, according to a newsreport on Thursday.
In an interview to CNBC-TV18‘s Shereen Bhan, Dinesh Kanabar of Dhruva Advisors, Harishankar Subramaniam of EY, MS Mani of Deloitte India and Pratik Jain of PWC India speak about the GST and its delay in the roll-out.
The survey, conducted by Deloitte India, also opined that a business-friendly tax administration and speedy resolution of tax disputes were critical for the success of Make in India campaign.
According to Deloitte, nearly USD 120 billion will come from the private sector. The government has already initiated two programmes with an initial outlay of USD 7.513 billion for 'Smart Cities Mission' and the 'Atal Mission for Rejuvenation of Urban Transformation (AMRUT)' for the upgradation of 500 existing cities.
Published annually, it captures the latest developments in higher education from a policy perspective, both at the central and state levels.
"The ongoing launch of high-speed 4G data services is set to become the next battleground for telecom firms. The industry is expecting operators like Airtel, Vodafone and the soon-to-be-launched Reliance Jio to spend millions of dollars on advertising over the next few months to grab market share," Deloitte India's Ashesh Jani told PTI.
Mobile towers in India are likely to grow to over five lakh by 2020 from about four lakh at present due to increase in demand of wireless internet services, a study said on Wednesday.
Whether it's a company that occupies a couple of floors in a swanky building or smaller establishments without the fancy digs - corporate India is just not ready to fight off fraud, not even in its traditional forms like bribery, corruption and theft.
Despite 40 road assets and more than 10 power projects being on the block for over several months now, many cash-rich players have shifted their focus to the ports sector, which, according to them, will give them higher returns.
The West Bengal government today said it would select the final bidder for stake sale in Haldia Petrochemicals Ltd (HPL) by September 30.
Beyond the traditional role of a CFO, today the focus has shifted to integrity, compliance, regulation, cost control and governance. And from there to strategy because strategy today drives bottom-lines to a very large extent, whether you need to merge, divest, or whether you need partnerships and so on
By: Saloni Roy, Deloitte India
