DELOITTE INDIA
Big 4’s management consulting arms gain muscle The management consulting business has been growing 25-30% for all firms in the last two years. At the Big Four, the total number of partners engaged in strategy, operations, and the top end of digital advisory — areas typically dominated by firms l...
27 Jun, 2024, 05.30 AM ISTThis European country will be the world's most visited destination by 2040 The tourism industry is poised for significant changes by 2040, with Spain projected to surpass France as the world's top destination. A study by Google and Deloitte forecasts emerging middle-class travelers from markets like China and India will bo...
26 Jun, 2024, 11.33 AM ISTMost of top-level executives have positive perception of GST: Deloitte survey A Deloitte survey shows growing confidence in India's GST among C-suite executives, with 84% perceiving it positively in 2024, up from 72% in 2023. Key reforms suggested include rationalizing tax rates, improving dispute resolution, and enhancing au...
19 Jun, 2024, 11.59 AM IST- ADVERTISEMENT
Central Excise Bill may be introduced in budget session The Centre is set to introduce the Central Excise Bill, 2024 to replace the outdated Central Excise Act, 1944 and align excise law with GST and customs. The bill aims to reduce compliance burden, enhance transparency, and address excise duty exempti...
08 Jun, 2024, 12.30 AM ISTCBIC starts electronic disbursal of duty drawback to exporter's bank accounts via PFMS CBIC introduces electronic disbursement of duty drawback amounts to exporters' bank accounts via PFMS platform, enhancing transparency, efficiency, and global trade facilitation standards.
05 Jun, 2024, 10.26 PM ISTNew govt to inherit strong economy, focus on making India developed nation by 2047 India's record-breaking economic growth rate and strong tax revenues provide a foundation for future reforms aimed at transforming the country into a developed nation by 2047. The new government must address challenges such as unemployment and rural...
04 Jun, 2024, 04.45 PM ISTNo tax recovery within three months of notice, says CBIC The letter was written after the board noted that many tax officers were abusing the exceptional case clause, initiating recovery proceedings before the expiry of the specified three-month period, even in routine cases, forcing the companies to move...
03 Jun, 2024, 12.07 AM ISTGlobal capability centres go big on hiring gig employees India's multinational hubs are increasingly turning to hiring contingent workers to meet immediate talent needs while remaining cautious about permanent recruitment due to a bearish global outlook. There has been a significant rise in demand for gig...
01 Jun, 2024, 05.30 AM ISTTimely rescue of firms pushes IBC recovery to 49% Creditors in India have been able to recover nearly half of their claims under the Insolvency and Bankruptcy Code (IBC) when the resolution is completed within the 330-day deadline. However, delays have lowered the proportion of money recovered. The...
30 May, 2024, 05.03 PM ISTIndustrial policy is back. Is this what India needs for an ‘atmanirbhar’ economy? Mere rise in GDP growth numbers are not enough. What India needs to become a global manufacturing powerhouse is a well-outlined policy that gets the wheel spinning on job creation, skills and holistic growth — especially as the world tilts towards p...
26 May, 2024, 10.22 AM ISTAttrition rates continue to remain high for MBA graduates; drop in pre-placement offers: Study Deloitte India's study on MBA graduates reveals high attrition rates, location preferences, and trends in compensation and skills assessment.
22 May, 2024, 05.30 PM ISTFlipback Tax: Razorpay restructures to cut levy; Groww pegs tax outgo at $70 million US-registered Razorpay is quickening plans to shift its domicile to India. For the same, it has initiated a restructuring exercise through which half a dozen India units are being brought under one holding company.
22 May, 2024, 06.41 AM ISTIndia ranks first in adoption of GenAI across Asia Pacific: Deloitte survey The report, titled ‘Generative AI in Asia Pacific’, said 93% of students and 83% of employees in the country are actively engaging with GenAI.
16 May, 2024, 08.26 PM ISTGen Z, millennials say purpose at the core of job satisfaction and wellbeing; expect AI to improve work-life balance Gen Zs and millennials prioritize purpose, reject non-aligning work. Deloitte's survey on 22,800 reveals career shifts towards climate action. Excited about GenAI impacting work-life balance and reskilling needs.
15 May, 2024, 12.17 PM ISTCSR activity transcends compliance boundaries, companies embrace impact investing: Deloitte Indian companies are expanding their corporate social responsibility (CSR) initiatives beyond compliance, with a focus on strategic impact investing such as social bonds and pay-for-success models, according to a Deloitte India survey. While interes...
14 May, 2024, 06.04 PM ISTIndian companies show interest in impact investing but face challenges: Deloitte CSR survey Deloitte India's CSR preparedness survey reveals that only 28% of Indian organizations feel very prepared for impact investing, despite high interest. The study shows a shift towards CSR as a strategic driver of corporate strategy, with increased in...
14 May, 2024, 12.57 PM ISTGovt plans to make anti-fake review rules mandatory for e-commerce firms The government issued the new quality norms for e-tailers a year ago, prohibiting them from publishing paid reviews and demanding disclosure of such promotional content.
13 May, 2024, 06.29 PM ISTGovernment exploring options to roll out labour codes The ministry of labour and employment is considering several options including a gradual repeal of the old labour laws to ensure there is no legal void in states that are yet to draft rules. Besides, the ministry is holding talks with states that ar...
08 May, 2024, 09.29 AM ISTGovt may review tax sops offered to IFSC The government may need to reconsider the tax incentives offered to units in the International Financial Services Centre (IFSC) in Gujarat due to the impact of Pillar Two of the Base Erosion Profit Sharing framework, according to a Deloitte report. ...
27 Apr, 2024, 11.19 PM ISTCBIC issues SOP for officials to prevent taxpayer harassment The Central Board of Indirect Tax and Customs (CBIC) has approved a detailed standard operating procedure (SOP) for officials of the Directorate General of GST Intelligence (DGGI) to improve the ease of doing business and prevent harassment of taxpa...
29 Mar, 2024, 09.27 AM IST