CFO Insight Weekly | Must-Read Stories | ETCFO
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Welcome to "CFO Insight Weekly," your premier source for the latest developments in finance and corporate strategy. Each week, we provide top stories, expert analyses, and emerging trends that are crucial for CFOs and finance leaders. Our carefully curated updates will ensure you remain informed and well-prepared to navigate the complexities of today’s financial environment. Below, you will find a selection of top stories to commence your weekend with valuable insights.
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The NFRA has approved 38 of 40 proposed auditing standards, largely based on ICAI recommendations, but ICAI has raised concerns over key revisions to SA 600 and SA 299, citing potential challenges.
Expectations for rate cuts in the upcoming December and February monetary policies were high, especially after the US Federal Reserve cut rates by 50 basis points. Many economists including top bankers were expecting a rate cut in December. However, now there are two views. A few analysts believe that the rate cut will happen only in April while a few are still hopeful for February next year.
GST Invoice Management System: The GSTN advisory on the Invoice Management System (IMS) outlines how recipients can manage invoices in real-time, enhancing?ITC accuracy and fostering transparency between suppliers and recipients.
India’s retail inflation climbed to 6.21% in September, breaching the RBI's 2-6%?target in October. Food prices surged 10.87%, with rural and urban inflation at 6.68% and 5.62%, respectively. Industrial production improved, rising 3.1% in?September, driven by manufacturing growth, according to MoSPI data.
Trump's return will boost IT hiring, GCC expansion and FDI in India, but tariffs?a concern, say CFOs
Industry leaders highlight opportunities such as increased IT hiring, expansion of Global Capability Centers (GCCs), and a rise in FDI, while acknowledging challenges like trade protectionism and visa restrictions. Corporate tax cuts are also expected to drive job creation and economic growth.
The slowdown in early fiscal spending was largely due to restrictions during the?general elections, which led to a 35% YoY dip in central capex to Rs 1.8 trillion and a 21% decline in state capex to Rs 0.8 trillion in Q1.
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