The Budget 2017 laid emphasis on the infrastructure sector as well. The last three budgets have made it clear that the government has finally realized the importance of focussing on the infrastructure sector as well.
This year the expectations regarding the infrastructure were high from budget 2017 and the expectations were met. Infrastructure mainly roads and railways remain at the forefront of the budget. A budget of Rs 3.96 lakh crore was allocated to the sector which is 10% over FY17 revised estimate. Continue reading
What is Corporate Governance?
The accountability of the board of directors to all stakeholders of the corporation is referred to as corporate governance. The board of directors works towards giving a corporation fair, efficient, and transparent administration.
Corporate Governance in India
The main objective of the corporate governance is to make sure that the administration of the organization acts in the interest of the organization and its stakeholders. To accomplish the objective, the Government of India has put a statuary framework in place. Continue reading
At the union budget 2017, Arun Jaitley, the Union Finance Minister highlighted the importance of tourism and hospitality sector as a major employment generator. The tourism industry had some takeaways but the long pending demands of conferring the industry status and reducing tax burden had no response.
The Federation of Associations in Indian Tourism & Hospitality (FAITH) had suggested the “Holiday in India”, however, it did not make it to the final list. The final list had the five new special tourism zones. The budget also announced the launch of “Incredible India- II” across the world. Continue reading
Nowadays, for any business or organization, IT plays a major role. An IT audit is used to evaluate the information systems and the safeguards present to protect these systems. The purpose of the IT audit is to determine whether or not these controls are used to secure information assets are working properly or not. The wider business must realize the importance of the IT auditing to enjoy the maximum benefits. Continue reading
The Taxation Laws (Second Amendment) Act, 2016 has come into force on 15th December, 2016. The Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016 (the Scheme) introduced vide the said Act shall commence on 17th December, 2016 and shall remain open for declarations up to 31st March, 2017. The rules in this regard have been notified vide Notification No.116 dated 16th December, 20162. Continue reading