India is the third largest market for telecommunication industry in the world after China and US, adding close to seven million subscribers every month. With a tele density below 20%, telecommunications has huge potential market in India. This makes Vodafone bet heavily on the Indian market. Mr. Sarin, CEO Vodafone who took over Hutch India [...]

As of now, IFRS is the buzz word in International arena and it spreads its wings to Korea, after gaining so much popularity in SEC camp. South Korean finance minister revealed a plan towards adoption of International Financial Reporting Standards. A grace period of two years for switch over is given to organizations that are [...]

Recently banks had come up with good lending rates (above 11% ) for short term loans to corporate sector. This is a cause of concern for RBI and ministry of Finance as these banks by providing attractive rates is able to clean their balance sheet which actually is running into huge losses. This can have [...]

If you are a CPA degree holder, (Certified Public Accountant) it can not get bigger than this in your lifetime. SEC is in close talks to allow the foreign organizations listed on US Exchanges to report their financial statement using international accounting standard and IFRS instead of US GAAP. Does this means that US GAAP, [...]

Trading of Carbon Credits happens in the form of CERs or Certified Emissions Reductions. CERs are in the form of Certificates, just like a stock. A CER is given by the CDM Executive Board to projects in developing countries to certify that they have reduced green house gas emissions by one tonne of carbon dioxide [...]

The ‘state of West Bengal’ is in a ‘state of despair’. It started with Tata Motors Plant in Singur and now has traveled to Nandigram putting a full stop to any kind of land acquisition in West Bengal. All dreams for making West Bengal a chemical hub comes to halt. I don’t see any reasons [...]

Finance Minister is happy that Tax GDP ratio of our country is improving. What makes the Tax – GDP Ratio better? Any guesses! Better tax compliance by the citizens of country is one of the reasons for improvement in Tax – GDP ratio. We can put it the other way round that any form of [...]

How often do we realise that our actions or words can have tremendous impact on the other..?? How often do we think before saying something harsh..?? How often have we said something nice to our loved ones to make them feel special or make them happy? We often bump into a stranger on the road [...]

The way I have been promoting blogging as a hobby amongst Chartered Accountants and Certified Public Accountant, I have been asked very often about the benefits of blogging or why should accountant ever BLOG. To be precise and to the point my reply shall be as follows :- 1. A splendid and wonderful way of [...]

This is the toughest time for anybody to be the finance minister of India. The greatest challenge in front of finance minister at this juncture is to control the inflation and at the same time keep the growth rate steady. I just wonder how people forget that P Chidambaran (fondly referred as Chiddu Babu & [...]