Corporate governance continues to be a pressing issue since the introduction of the Sarbanes-Oxley Act in the U.S. in 2002, which was ushered in to restore public confidence in companies and markets after accounting fraud bankrupted high-profile companies such as Enron and WorldCom. In India too, over the past few years, trust in political and […]
Dear friends, In the recent speech by Dr. A.P.J Abdul Kalam, he gave “pass marks” to the over six-decade old Indian democracy awarding it “five points on a scale of 10”. There are also serious questions on functioning of Indian Democracy. The form of democracy that we have come to follow in India is totally
The fastest way to pass your own expectations is to add passion to your labour – Mike Litman Greetings from R & A! The month of September is the busiest month for Corporate and Professionals. Companies have been busy with their Annual General Meetings, Income Tax filings, Compliance Audits, Cost Audits etc., and professionals were
Dear friends Companies Act 2013 Finally, new company law legislation to replace the existing companies act 1956, “Companies Act 2013” is a reality with the assent of the President on 29th Aug, 2013. The Indian Inc., and the professional community have been waiting for this legislation for over a decade. The Government is likely to
Dear All Greetings from R & A While the rains have brought relief from the scorching summer, the declining trend in the rupee for past two months is bound to pose a threat to the growth of overall economy. Strengthening of dollar index, strong importers demand, continuous capital outflows coupled with widening current account deficit
Dear all, The monsoon season has begun with extreme rainfall that triggered devastating floods and landslides in Uttarakhand. This has taken away thousands of innocent lives and washed away properties rendering people homeless and destitute. Paying tribute to the lost lives due to this calamity let us pray to Almighty to give strength and courage
The rupee fell to a new record low of 58.64 versus the UD Dollar . The reason behind the rupee’s recent weakness is the heavy selling of debt by foreign investors but the inflows into equities have so far been positive. As analysed by economists, a sustained fall in the value of the rupee would
During this month of I had an opportunity to visit Brazil as part of my executive MBA with ISB. It was an amazing experience to learn about another BRICS country. Both India and Brazil are close to each other on various fronts such as ease of doing business, ranking in Global Competitive Business and facing
Tough people There are many starters in life – but very few finish what they start. When the going gets tough, most people fold. They don’t persist hard enough or persevere long enough. They don’t take enough personal initiative to make it happen – they don’t go the extra mile. There are three kinds of
Dear Friends, In-spite of so claimed tightening of securities against terrorism, the terrorist have always succeeded with their terror attacks claiming the lives of the innocent people. The serial bomb blasts in Hyderabad recently has made me think in perspective into the values of mankind and it has become imperative to put my feelings in