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The PF department messages an individual’s PF balance to his mobile
number upon request.
The PF department messages an individual’s PF balance to his mobile number upon request.

Providing social security for Indians

Though PF contributions are internal to an Indian supplier, many foreign customers treat internal statutory compliance as part of a vendor's assessment. »

Green IT and risk management

Proper planning, effective implementation and continuous review will help in establishing greener, cost-effective ICT solutions. »

SMEs and credit guarantee

The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), founded in 2000, has made some progress in its 12 years of existence. However, given the size and scale of the SME sector... »

60 Seconds Chief

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Social Responsibility for SMEs

The ongoing debate in Western economies regarding the role of corporates in widening the gap between the rich and the poor, exemplified by the Occupy Wall Street movement, has brought focu... »

60 Seconds Chief

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Audit conclusions and reporting

The goal of an audit is to form and express an opinion on financial statements. The audit is performed to get reasonable assurance on whether the financial statements are free of material... »

Peer review for chartered accountants

The Institute of Chartered Accountants of India (ICAI) has taken it upon itself to ensure the quality of the working of its members through peer review. Peer review is review of the profes... »

Access to funds

The Government of India's recent announcement of its intent to increase its market borrowings by Rs 40,000 crore to fill in the sluggish tax collections gives a clear signal that interest... »

TDS relevance for foreign commissions

Gangesh Exports Ltd is engaged in the manufacture of precision sorting machinery for agricultural products. It sells machinery to various countries, especially developing countries, through agents... »

Audit firms need proper supervision

The need for regulating audit firms has been felt globally during the years, especially after the Enron-Andersen-dotcom-telecom meltdown around the turn of the millennium. Consequently, ne... »

Singapore, a preferred tax haven

Singapore provides an alternative gateway to all major Asian markets. A Canadian company is in the process of investing in India and examining modes of investments that will make its overall global tax rate most effective. The company is convinced that the investmen... »

Healthcare industry

The healthcare industry in India is attracting a significant amount of capital from Private Equity firms, as it is one of the few sectors that continue to witness steady growth in the curr... »

Investing overseas, the easy way

The Reserve Bank of India has simplified the foreign investment procedure. Sudhir Rao, an Indian businessman with substantial interest in the winemaking and brewery sector, recognised the growing opportunity in Australia for investment in the vinification business. As th... »

Voluntary disclosure for foreign assets

The voluntary disclosure scheme brought Rs 7,800 crore in
additional revenue to the government. Mr X, an industrialist, constantly looks out for news items for a possible offer of a Voluntary Disclosure scheme by the Government, especially involving offshore assets. Mr X has funds stashed aw... »

Foreign exchange risk

The foreign exchange market is witnessing unprecedented volatility with the Rupee-dollar exchange rates moving from Rs 44.1 per USD to Rs 54.2 and then again to Rs 52.7, all within the las... »

Managing risks in retail FDI

Large air-conditioned stores, cold chains and high consumer commuting contribute to higher carbon footprint The ongoing battle regarding FDI in retail is likely to intensify further in the coming months. The arguments put forth for and against the policy are equally valid. However, peo... »

Nissan Leaf review

The Nissan Leaf rear shot Remember the old adage where a man finds Ms Perfect after years of searching, but still can't marry her…because she was looking for Mr Perfect. Moral of the story – life is all about making compro... »

Search for human rights

A recent case before the Patna High Court was a tax issue with human rights ramifications. For, the taxpayer, after being subjected to search by the Income Tax Department, approached the S... »

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