Companies cut salary budget increases to 3.6%, trim promotions: Mercer
CFO Dive
APRIL 25, 2024
Plans for slower gains to salaries align with Thursday data showing that economic growth slowed to just 1.6% last quarter, far less than expected.
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CFO Dive
APRIL 25, 2024
Plans for slower gains to salaries align with Thursday data showing that economic growth slowed to just 1.6% last quarter, far less than expected.
CFO Dive
OCTOBER 3, 2023
Average security budget growth was lowest in cyber-mature sectors, such as tech, finance and healthcare, according to the research.
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CFO News
DECEMBER 14, 2023
Budget 2024: In a convergence of inflation, GDP growth, and existing policies, Finance Minister Nirmala Sitharaman's interim Budget for FY25 takes center stage. The preparation of fiscal strategies underscores the critical role played by the present economic landscape in shaping future financial trajectories.
CFO News
FEBRUARY 1, 2024
In this article, Rakesh Nangia and Rajan Sachdev delve into Finance Minister Nirmala Sitharaman's Interim Budget 2024. They highlighted that this budget presents a Sankalp (pledge) for an Unstoppable India, emphasizing inclusive growth, innovation, and the strategic importance of the India-Middle East-Europe Economic Corridor.
Speaker: Alex Jiménez, Managing Principal, Financial Service Consulting for EPAM
Global economic conditions are soft at best. From a budget standpoint, US banks are feeling the pinch. The largest banks have increased reserves to protect against deteriorating economic conditions. Many US banks are bracing for increased defaults and lower demand for mortgages and other loans as interest rates have increased.
CFO News
FEBRUARY 4, 2024
Finance expert Robin Banerjee evaluates the Union Budget 2024, emphasizing long-term planning, infrastructure focus, fiscal responsibility, and sector-specific strategies. While praising positive moves, he points out areas that need more attention for a comprehensive economic uplift.
CFO News Room
DECEMBER 18, 2022
People point to tax burdens and over-regulation as the reasons for economic decline. Look no further than the Fraser Institute’s latest report to see how states rank for economic freedom based on government spending, taxes, and labor market regulation. . But the real question is: why should we care about economic freedom?
CFO News
FEBRUARY 4, 2024
Gaurav Mehndiratta, Partner and Head of Corporate and International Tax at KPMG in India, dissects the Interim Budget 2024, praising its pragmatism and measures to sustain economic growth amidst a pivotal election year.
CFO News Room
FEBRUARY 5, 2022
Finance Minister Nirmala Sitharaman’s shortest Budget ever may not have met the general expectations of being a short-term consumption booster, but it surely has all the right ingredients for becoming an impactful long-term growth-oriented move. Also Read | Union Budget 2022: Solar PLI scheme corpus grows over five times to Rs 19,500 crore.
CFO News Room
FEBRUARY 5, 2022
lakh crore in the next fiscal will percolate down to the real engines of our economic growth — the MSMEs. Resilience, inclusive growth, and technology-enabled development – the Budget 2022 by finance minister Nirmala Sitharaman aims to create an enabling framework to achieve these three benchmarks. Stepping up capex to Rs7.5
CFO News Room
FEBRUARY 3, 2022
The Indian technology sector saw several major announcements in the Union Budget 2022, with a few misses in the startup segment. Budget 2022’s announcements on manufacturing, sustainability, electronics, digital currency, innovation and startups with technology as the cornerstone are expected to give a fillip to the tech industry. “The
CFO News Room
FEBRUARY 5, 2022
In her Budget speeches for 2019-20 and 2020-21, finance minister Nirmala Sitharaman referred to ZBNF as ‘innovative model for doubling farmers’ income’. To reduce import dependence, the Budget has also proposed formulation of a comprehensive scheme for boosting domestic production of oilseeds. In 2020-21, India imported 13.35
CFO News Room
NOVEMBER 13, 2022
If you’re a chief marketing officer (CMO), the current economic uncertainty undoubtedly creates anxiety for you, your team, and your agencies. The Mobile Marketing Association (MMA) has demonstrated the tight correlation between advertising spend and economic indicators like GDP growth by looking at historical data.
CFO News Room
FEBRUARY 5, 2022
The equity market witnessed some wild swings on the Budget Day, with the Sensex rebounding after losing more-than 2% from the day’s high. But unlike other Budget Days, benchmarks ended the day in the green, as investors cheered a growth-oriented Budget. By Yoosef Kp & Ruchit Purohit. After surging as much as 1,018.03
Future CFO
MARCH 26, 2023
Security budgets are forecast to net increase by 29% in 2023 compared to a year ago, after a 26% rise in 2022, said S&P Global Market Intelligence recently when releasing the report of the Voice of the Enterprise: Information Security, Budgets & Outlook 2023 study.
CFO News Room
FEBRUARY 6, 2022
While the sizeable increase in infra spend and sectoral initiatives in Union Budget augur well, there is need for policy reforms that help create a robust private investment ecosystem. Both of these would be addressed through the Gati Shakti initiative which is one of the cornerstones of Budget 2022-23.
CFO News Room
FEBRUARY 5, 2022
The previous year’s Budget focused on foundational measures towards a consumer-driven economy while keeping a keen eye on post-Covid recovery. The Union Budget continues the policy direction set by last year’s Budget. Also Read | Union Budget 2022: Tech push for agri sector. By Saugata Gupta.
CFO News
FEBRUARY 1, 2024
Discover the essence of India's Budget 2024 with key tax highlights. Finance Minister Sitharaman's strategic measures promise tax stability, support for startups, and streamlined processes, shaping the nation's economic course.
CFO Dive
JANUARY 17, 2023
Concern about higher wages and a skilled labor shortage are foremost in CFOs minds as they grapple with continued economic headwinds.
Centage
MAY 23, 2023
However, the current economic crisis isn’t just affecting families shopping for groceries and other goods. As we approach the halfway point of 2023, it’s a good time to take a close look at your budget and determine where you and your team are succeeding versus falling short.
CFO News Room
FEBRUARY 4, 2022
The finance minister has managed the tough balancing act of spurring economic revival while also maintaining fiscal discipline. Crucially, while the Budget had a clear digital focus, it did not leave the needs of the grassroots unattended. By Sanjay Agarwal.
CFO News
JANUARY 31, 2024
Budget Highlights 2024: The Modi government is striving for consistent economic growth despite geopolitical uncertainties, with ongoing initiatives designed to support farmers, women, and those facing economic challenges.
Spreadym
SEPTEMBER 12, 2023
Budget preparation is the process of creating a detailed financial plan that outlines an organization's expected income and expenses for a specific period, typically for a fiscal year. Here are the key steps involved in budget preparation: Define Objectives and Goals : Begin by establishing clear financial objectives and goals.
CFO News Room
FEBRUARY 4, 2022
Union Budget 2022: Moody’s Investors Service on Friday said India’s conservative budget assumptions leave room for the government to respond to prevailing macroeconomic and pandemic risks over the next year. India’s budget projects a narrowing in the central government deficit to 6.4 per cent in fiscal 2021. lakh crore (0.8
Centage
AUGUST 15, 2022
In the current economic climate, proper financial planning and management are more essential than ever before. With that in mind, many businesses are turning to budgeting and planning drivers as a way of obtaining more accurate information. Still, including too many drivers in your company’s budgeting model can make it overly complex.
CFO News
JANUARY 29, 2024
Union budget 2024: The government is expected to continue prioritizing capital expenditure, particularly in the infrastructure sector, in the upcoming Budget to drive economic growth. The government has allocated a record high of Rs 10 lakh crore for capex during the current financial year, with a consistent increase.
CFO News Room
FEBRUARY 5, 2022
The Union Budget for 2022-23 made a string of other announcements on digital payments, including a plan to offer netbanking to depositors with India Post and another to set up 75 digital banking units across as many districts. The government also intends to tax transfer of ‘digital assets’, widely interpreted as cryptocurrencies, at 30%.
CFO News
JANUARY 30, 2023
The Economic Survey for 2022-23 will be released on Tuesday, January 31. It will be presented by finance minister Nirmala Sitharaman in the Parliament during the Budget Session. The release will be followed by a press conference held by the Chief Economic Advisor along with other senior officials of the finance minister.
CFO News
JANUARY 21, 2024
Union budget 2024: The government is expected to continue prioritizing capital expenditure, particularly in the infrastructure sector, in the upcoming Budget to drive economic growth. The government has allocated a record high of Rs 10 lakh crore for capex during the current financial year, with a consistent increase.
CFO Dive
FEBRUARY 16, 2023
CFOs are preparing to bump up spending in sales, corporate IT and supply chain, but are keeping a close watch on economic conditions before shelling out new funding.
Centage
NOVEMBER 28, 2022
With proper budgeting and forecasting, just about any business can protect itself against recession. Failing to reevaluate assumptions in today’s uncertain economic environment can have serious consequences. We recommend moving to a monthly and quarterly rolling budget. Actuals are an essential component of every forecast.
CFO News Room
FEBRUARY 5, 2022
The Budget on Tuesday proposed to extend the validity of its flagship guaranteed loan scheme by a year through March 2023 and widened its coverage by Rs 50,000 crore to Rs 5 lakh crore, acknowledging the need for a protracted period of succour to start-ups and small businesses as they grapple with the spread of the latest Covid strain.
Future CFO
FEBRUARY 27, 2022
Hong Kong budget seeks to deploy its considerable fiscal buffers to cushion the economic impact on households and businesses as the city pursues a so-called dynamic”zero infection policy with a range of social restrictions, said Fitch Ratings recently. Zero covid strategy curb economic growth to 1.5%
CFO News
JANUARY 24, 2024
Union Budget: The Confederation of Indian Industry (CII) has offered policy suggestions to the Narendra Modi government for the upcoming interim Union Budget. The CII suggests balancing fiscal consolidation with economic growth by reducing the fiscal deficit to around 5.4% of the GDP.
CFO News Room
FEBRUARY 5, 2022
With India’s growth estimated to be at 9.2% – the highest among large economies – the country is now in a robust position to withstand challenges and adopt a resilient approach for economic growth and welfare of its citizens. Also Read | Budget 2022: Growth-oriented Budget focuses on green energy, fiscal deficit, PSU divestment, green bonds.
Future CFO
MARCH 21, 2024
Chief financial officers are planning to increase budgets for employee compensation, according to a survey by Gartner, Inc. The post CFOs eye budget increase for employee compensation, Gartner says appeared first on FutureCFO.
CFO News Room
FEBRUARY 3, 2022
per cent that was originally budgeted. The major thrust of the just announced Union budget is on enhancing capital expenditure. This emphasis on capital expenditure is a major takeaway from the budget, says Dr Rangarajan speaking to Financial Express Online in the context of the just announced Union budget.
CFO News Room
FEBRUARY 5, 2022
Tthe Budget is a testimony to the fact that good voluntary tax compliance leads to better revenue collection and a stable tax regime. The FM entered Parliament to present her fourth Budget with a ‘Made in India’ tablet wrapped in a red pouch like a traditional bahi khata. Also Read | Industry speak | A relatively conservative Budget.
CFO Dive
JANUARY 27, 2023
CFOs are overhauling their technology budgets as inflation, slumping economic growth and other external forces jeopardize their earnings targets.
Centage
DECEMBER 7, 2022
the maker of QuickBooks Online Advanced, to bring automated budgeting, forecasting, reporting and analytics capabilities to QuickBooks Online Advanced customers and mid-market organizations looking for more robust and streamlined budgeting capabilities. Whenever there’s shift in the economic cycle change is always required.
Centage
JULY 19, 2022
Business budgeting is a crucial factor with the ability to impact a business’ long-term success or failure. Along with providing important information regarding day-to-day operations, an accurate budget better enables companies to predict revenue, trim costs, and make decisions regarding expenditures and opportunities.
Spreadym
OCTOBER 10, 2023
Variance reporting is a financial and management accounting process used to analyze the differences between budgeted or expected figures and actual performance results. Key aspects of variance reporting include: Budget or Target Figures: This is the baseline against which actual performance is compared.
Future CFO
JUNE 27, 2023
The global economic outlook is improving though recovery is expected to be weak, said OECD recently. According to the OECD’s latest Economic Outlook, a moderation of global GDP growth from 3.3% Global economic outlook highlights Headline inflation in the OECD is projected to decline from 9.4% in 2022 to 2.7% in 2022 to 6.6%
CFO News
JANUARY 31, 2023
The Economic Survey 2023 looks at the medium term growth because pandemic response and recovery phase is over and the recovery is complete. The CEA Anantha Nageswaran announced that Economic Survey 2023 has projected India's GDP growth at 6% to 6.8% in 2023-24.
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