Weekly Update : 11th December
Supply side shocks upend macro policymaking
In financial economics the four most dangerous words are ‘This Time is Different’. Each time one thinks that the financial markets are well placed and there will be no crisis as ‘this time is different’, there is a crisis soon thereafter. Likewise, in general economics each time someone says an economic idea is no more relevant, it comes back to haunt the economy.? Such is the story of supply-side inflation which was seen as being in coma only to make a strong comeback pushing inflation worldwide. Read more
Adani’s US indictment and its ripple effect on India Inc’s global fundraising
The recent US indictment of Gautam Adani, one of India’s most prominent business leaders, has sent ripples across global financial markets. The allegations of bribery and corruption against the Adani Group have not only dented the reputation of one of India’s largest conglomerates but also raised serious questions about the future of Indian corporates’ overseas fundraising efforts. Read more
Most CFOs in India see Generative AI as game-changer for tax functions: EY Report
Generative AI (GenAI) is poised to transform tax operations in India, with 94% of CFOs and finance leaders convinced of its potential to significantly enhance effectiveness, according to EY’s Tax and Finance Operations (TFO) Survey 2024. This marks a dramatic rise from just 19% in 2023, reflecting a growing embrace of advanced technology in finance. Read more