Accordingly, the insurance regulator at its meeting held on December 20, decided to defer the implementation of the new norms indefinitely.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about IRDAI defers new accounting norms for insurers
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It also means that delivery inside the neighborhood can be much more efficient. At night, when roads are clear, trucks make larger deliveries to the distribution centers. During the day, when streets are crowded, the small cargo trikes can avoid the pollution of trucks or vans stuck in traffic, and can operate more nimbly, making deliveries faster. The company has calculated that one of the logistics companies that it works with has reduced its use of trucks by 22%. … [Read more...] about This startup wants to replace traditional package delivery with hyperlocal, electric-trike-driving couriers
Q: What are the changes that you see in your peer group of independent directors?A: Today, directors are very, very conscious that very serious liabilities could be on their head if things go seriously wrong or if some big fraud was to come about in the organisation that they could not rectify, control or resolve. In terms of being conscious of the role of the director, India has moved a lot in the last 10-12 years.Q: One view is that given the stringent requirements, being an independent director is simply not worth the trouble…A: (laughs) Yes, I agree with you.Q: So is it a deterrent?A: For someone without practice and knowledge, it can be a deterrent. For sure.Q: So there is a need for skills...A: Yes, especially if you are going to be on the audit committee whether as a chair or a member. Audit committee by far is the most complex of Board committees. And in case of non-banking (finance) companies or a banking company it is infinitely more complex.Even today the fees paid by … [Read more...] about What is a good way to run an Audit Committee?
A: One is that nobody wants to give up power. And the second reason is that, for the CMD, the principal promoter or professional manager, all the sins of their past will come up when a new person comes to the table, because the new CEO will then be responsible. When a new person comes in, there is (usually) an attempt to ring fence themselves (from failings of the past). So that is the real situation. … [Read more...] about CFOs must be made legally liable in case of outright fraud: Prabal Basu Roy
About the author: Kapil Mahani is the founder and group managing partner of GSTExpertise. He leads the indirect tax practice of the firm in India and in UAE.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app. … [Read more...] about 2020 promises key GST milestones