The international networking guidelines being worked upon by the Institute of Chartered Accountants of India (ICAI) are restrictive, two partners at Big Five audit firms told FE. Recently, the ICAI president Ranjeet Kumar Agarwal said that the final guidelines, which will define the engagement rules between Indian CA firms and global firms, will come out in the current financial year.
"The draft guidelines that we have received from the institute have many restrictions, which might not enable Indian CA firms to scale up and compete with global audit firms as the institute has envisaged," said a senior partner at Big Five firm, on condition of anonymity.
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Over 400 flights delayed at IGI due to bad weather
More than 400 flights were delayed at the airport in the national capital on Friday morning as low visibility conditions due to dense fog disrupted operations, according to an official.
Plans unclear for Kohli amid transition
Rohit no more part of selectors red-ball plan beyond Australia tour
Rupee decline drives forward premium rates
AS A PART of its exchange rate management measure, RBI has been using other tools like active intervention in the NDF market and conducting mid-tenor buy/sell swaps, selling dollars for a future maturity, thus leaving rupee liquidity and forex reserves partly unaffected.
DPDP draft rules
One of the standout features of the draft rules is the emphasis on parental consent for processing the data of children under 18.
Gold prices flat at ₹79,700
GOLD PRICES TRADED almost flat at ₹79,700 per 10 g in the national capital on Friday, according to the All India Sarafa Association.
HUL nears deal to buy Minimalist
UNLIKE MOST OF its new-age competitors in the beauty and personal care category, Minimalist is profitable.
Reality check for indices
Indian equity markets concluded the week on a pessimistic note due to a strong US dollar, high valuations, and investors shifting to a multi-asset strategy. Domestic markets are also weighed down by slower economic growth and a depreciating rupee.
Poverty below 5%: Report
ENHANCED PHYSICAL INFRASTRUCTURE is scripting a new story in rural mobility. One of the reasons for the increasingly shrinking horizontal income gap between rural and urban and the vertical income gap within rural income classes
Banks cut down on short-term bonds
EYE LONGER DURATION ON RATE CUT HOPES
Creta EV to run into strong rivals at launch
● It's Hyundai's third electric car after Kona EV and Ioniq 5
