By Karthik Ganesan, With the persisting turmoil in the global commodities supply chain due to the Ukraine invasion, India has seen a sharp rise in cost of many an imported commodity. Crude oil and other petroleum products constitute more than 20% of our annual import bill and we are dependent for nearly 85% of our […]
The Insolvency and Bankruptcy Code (IBC) has reformed the Indian insolvency law landscape greatly, its most significant contribution being making errant promoters fearful of losing control of their companies in case of defaults. Given how the sanctity of the debt contract had been eroded, Section 29A, introduced through an amendment, compelled promoters to respect the […]
By Srinath Sridharan Does society shape the concept of governance? What was unacceptable behaviour in previous human generations seems to be acceptable in the subsequent ones. Is that any sign of human behaviour to learn from for governance regulators? Conversely, do formal governance norms define societal behaviour? Can regulations attempt to play morality teachers? Does […]
While the wholesale price index (WPI) inflation accelerated to an all-time high of 15.9%, consumer price index (CPI) inflation moderated to 7%. While the cut in excise duty on petrol and diesel helped to moderate CPI fuel inflation to 9.5% in May as compared to 10.7% in April, fuel inflation in WPI increased to a […]
Francis Barraud, a native of Liverpool and a painter, had a brother named Mark. Mark died. Francis inherited a cylinder phonograph player, recordings of Mark’s voice and Mark’s fox terrier named Nipper. When Francis played the records, the dog would run over to the phonograph and listen intently with a confused look about where the […]
The Government needs to take care to ensure that responsible buy to let landlords are not burdened with so much regulatory red tape and costs that they decide to sell up – exacerbating the shortage of decent homes to rent. This is the opinion of leading tax and advisory firm Blick Rothenberg. Head of property […]
Despite the pandemic and rising inflation in many economies, global financial wealth touched $530 trillion in 2021, a rise of almost 11% from 2020, the fastest rate in over a decade. Strong equity markets and a surge in demand for real estate helped propel the gains, according to Boston Consulting Group’s Global Wealth 2022 report. […]
The Prime Minister, Boris Johnson’s desire to loosen the tax purse strings in the wake of ‘Partygate’ and the vote of no confidence is likely to be resisted by the Chancellor say leading tax and advisory firm Blick Rothenberg. Nimesh Shah, CEO at the firm said: “A dramatic popular move would be to have a […]
Becoming a successful business owner can be a hard slog – but getting it right may bring huge rewards. Whilst there are those who hit on a brilliant idea or develop a breakthrough new technology, most businesses offer a product or service that isn’t necessarily something totally out of the ordinary, and so there’s plenty […]
By Shanti Ekambaram In an off-cycle policy review, the Reserve Bank of India (RBI) announced a 40 basis points (bps) increase in repo rate to 4.40% on May 4, 2022, in response to the sharp and sustained increase in inflation print. The central bank had also changed its narrative to inflation control and normalising liquidity […]