Subhash Khuntia of the Insurance Regulatory and Development Authority of India (IRDAI) has told insurers that the regulator will not permit any unviable discounts to be doled out to the clients. Khuntia said that sectors like telecom and aviation had faced a downfall due to heavy discounts being offered to customers. … [Read more...] about Insurance discounts may soon be thing of the past: Here’s why
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But if it is something you enjoy doing and it is something you know how to do, then it is fun. Like a pilot in the Air Force does a dangerous job. But whoever is doing it, obviously enjoys doing it. So they do it.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 What is a good way to run an Audit Committee?
While everything is linked, the basic issue is that this wheel does not work because professionals are not standing up. That can only change due to punitive legislation. I think CFOs must be made criminally liable for participating in cases of outright fraud. The intent of the promoter is actually executed by the CFO. In 95 percent of the cases, unless the CFO is involved you cannot perpetrate a fraud. So, punitive legislation to make CFOs legally liable, (if not criminally liable) is very, very important. … [Read more...] about CFOs must be made legally liable in case of outright fraud: Prabal Basu Roy
Here the details of the shipping bill are filed against the corresponding GST export invoices and submitted in GST returns. However, integrating the bill of entry filed at the time of clearance of goods from port with the GSTN portal of the registered person such as the return form GSTR 2A in case of domestic buying, will ideally help in eliminating the black market for goods. This is likely to plug another leakage point for GST revenue. The same is in line with the international best practices followed by countries which have implemented the GST/ VAT regime. … [Read more...] about 2020 promises key GST milestones
It seems unlikely that the White House would move quickly toward a facial recognition ban, if at all. The Trump administration rarely strays from its pro-business, hands-off regulatory approach. It also wouldn’t care for the optics of tying the hands of law enforcement to detect and ID criminals. The same stance has less to the administration backing the Justice Department’s efforts to pressure technology companies such as Apple to build encryption “backdoors” into their devices so that law enforcement can access the contents. … [Read more...] about Privacy groups want a federal facial-recognition ban, but it’s a long shot