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Budget 2022: Digital rupee from FY23

CFO News Room

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.

Budgeting 130
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Budget 2022: A thumbs-up for Digital India

CFO News Room

The Indian technology sector saw several major announcements in the Union Budget 2022, with a few misses in the startup segment. The government’s focus on productivity and climate action will foster technology adoption and help India achieve its sustainability goals along with economic growth.

Budgeting 130
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Union Budget 2022-23: Govt maintains focus on sector

CFO News Room

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. Let us now come to financing, which has been called out separately in the budget document.

Budgeting 130
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Budget & Sustainable Development Goals: The first of the million steps towards net zero

CFO News Room

The Budget’s hallmark lies in the courage of conviction the finance minister exhibited post-Budget during the meet-the-press and Sunday afternoon tete-a-tete with India Inc at the FICCI’s executive meet. How will this Budget be evaluated from the standpoint of sustainability?

Budgeting 130
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Union Budget can lead to more jobs, better healthcare: Saugata Gupta, CEO, Marico

CFO News Room

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.

Budgeting 130
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Why the Budget Deficit Is Falling

CFO News Room

The explanation is “the net result of large decreases in pandemic-related spending offset by smaller increases in other spending,” as the Congressional Budget Office puts it in its April budget summary. President Joe Biden speaks about inflation at the White House on May 10.

Budgeting 130
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5 Tips to Recession Proof Your Business Budget & Financial Forecast

Centage

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. Revisit Your Forecast Assumptions. Use Actuals for Your Forecast.

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Capex push to spur both demand and supply: Principal economic advisor Sanjeev Sanyal

CFO News Room

The government, however, has admittedly been more conservative in its approach in the Budget and predicted nominal growth of just 11.1% Sanyal, who was the lead author of the latest Economic Survey, said its forecast of a real GDP growth rate of 8-8.5%

Budgeting 130
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What You Need to Know: Rolling Budgeting, Rolling Financial Forecasting, and Mid-Year Forecasts

Centage

The current economic circumstances haven’t just resulted in financial uncertainty for millions of Americans. They’ve also helped reveal the problems inherent in conventional budgeting methodologies. What’s a Rolling Budget? What’s a Rolling Forecast? financial forecastin

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Govt to release today India's economic growth forecast for this fiscal year, weeks ahead of Budget announcements

CFO News

The first advance estimates are early forecasts and they usually undergo revisions as more data become available. However, the growth projections will come weeks ahead of the Budget 2023 announcement that is scheduled for February 1.

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Ind-Ra slashes FY23 GDP forecast to 7-7.2% citing Ukraine war

CFO News Room

India Ratings has lowered its GDP growth forecast for FY23 to 7-7.2 per cent, according to the revised estimate from the budgeted 2.5 per cent and budgeting for 2.9 per cent in both the scenarios in FY23, which is 10 basis points (bps) higher than their January forecast.

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How Forecasting Tools Can Pull SMBs Through The Economic Storm

PYMNTS

While larger enterprises have had the resources to embrace financial forecasting technologies that wield sophisticated tools to bring greater value to that data, smaller businesses have historically been shut out of the market for such financial solutions.

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Moody’s ups India’s growth forecast to 9.5% for 2022

CFO News Room

“We have raised our 2022 calendar year growth forecasts for India to 9.5 per cent from 7 per cent, and maintained our forecast for 5.5 Moody’s Investors Service on Thursday raised India’s growth forecast to 9.5 per cent from 7 per cent, and maintained our forecast for 5.5

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Cash-Flow Forecasting remains KING

Simply Treasury

“If you have to forecast, forecast often” (Edgar R. Need for reliable forecasts. Nobody could deny the importance of having accurate and reliable Cash-Flow Forecasts (CFF). Managing cash is easier than forecasting cash. So, what are the keys to good forecasting?

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China’s Robust Growth Target Points to More Stimulus Ahead

CFO News Room

Given the challenges now facing China’s economic planners, a growth target of 5.5% Mr. Li said Saturday that its economic efforts “will enable us to pave the way for a successful 20th National Party Congress.”. The phrase appeared just once in Saturday’s budget report.

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A Step by Step Guide to Rolling Forecasts

Onplan

Rolling forecasts provide companies with live financial plans updated in real-time to respond to internal changes and external events. Rolling forecasts make use of historical financial data, the latest market conditions, and up-to-date understanding of evolving risks and opportunities.

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Capex forecasting: strategically aligned investment decision making

Onplan

Economic disruptions like Covid-19 can scrap the best laid plans overnight. These are complex questions that Finance and the executive team need to have a handle on; making fleet-footed decisions confidently can only be done on the back of an accurate Capex forecast.

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3 Ways to Bring Flexibility to Budgeting

CFO News Room

But how do we translate these principles into practice — especially when a strategic plan gets cascaded into daily reality through budgets and day-to-day management? Right now, as so many of us are in the middle of a planning and budgeting process, how do we prepare for the volatility and uncertainty of the coming months? I am sure you’ve seen this before: you worked hard on preparing your company’s budget, with rounds of corrections and a long approval process.

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Enterprise Planning Ahead of an Economic Storm

Collectiv

It’s difficult not to be concerned when all we hear about is the doom and gloom of an economic downturn. There’s no one-size-fits-all solution that will safeguard your organization against an economic downturn. Center of Excellence Data Analytics Data Strategy Planning and Forecasting

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Plan for Today to Better Prepare for Tomorrow: Rolling Budgets & Rolling Forecasts

Centage

Implementing rolling budgeting, rolling financial forecasting, and mid-year forecasts. Better Predict Outcomes with a Rolling Budget Companies need budgets to set realistic goals for the future. However, developing a rolling budget is not without its challenges.

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Business Budgeting and Forecasting Mistakes Finance Teams Face – And How to Combat Them

Centage

And how will all of these uncertainties affect my business budgeting process? Your ability to provide expert guidance through your business budget and forecasting process will require you to have a deep understanding of your cash flow. business budgeting

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Business Budgeting and Forecasting Mistakes Finance Teams Face – And How to Combat Them

Centage

And how will all of these uncertainties affect my business budgeting process? Your ability to provide expert guidance through your business budget and forecasting process will require you to have a deep understanding of your cash flow. business budgeting

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Trend Up in a Downturn: How Non-Profits can use Cash Flow Forecasting to Thrive in Q4

Lime Light

Cashflow Forecasting as a Compass. The economic outlook for the future may look dim but there are many tools available to help non-profit organizations adjust and thrive in a downturn. Budgeting and Forecasting Non-Profit

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Planning and Forecasting: Where Nirvana is for Enterprises

Collectiv

To succeed in a highly competitive business landscape, enterprises need a robust financial planning and forecasting strategy. Why Planning and Forecasting are Critical for Enterprises. Financial planning and forecasting go far beyond just day-to-day budgeting.

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International COVID-19 Economic Stimulus and Relief

CFO News Room

This has been further compounded by an economic crisis caused by the disease’s disruption to the world economy, resulting in millions of people losing their livelihoods, exacerbating global poverty and inequality. Coronavirus Aid, Relief, and Economic Security (CARES) Act. budget.

Economics 130
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Sales Forecasting in Excel: How to Choose and Build the Right Forecasting Model (Free Excel/Google Sheets Template)

Onplan

What is Sales Forecasting? Sales forecasting is a process of estimating future sales based on past performance and trends. Sales forecasts are a key driver of a company’s financial model because they affect profit and cash flow generation. Want to simplify sales forecasting?

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A Step by Step Guide to a Great Rolling Forecast

Onplan

A rolling forecast provides companies with live financial plans updated in real-time to respond to internal changes and external events. Rolling forecasts make use of historical financial data, the latest market conditions, and up-to-date understanding of evolving risks and opportunities.

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The Ins and Outs of Budgeting and Planning Drivers

Centage

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. business budgeting

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Why Businesses Are Choosing Other Options Over Excel Spreadsheets for Financial Forecasting

Centage

This accessible program can accomplish various tasks, such as financial forecasting and budgeting. If your business has used Excel for financial forecasting, you may have found some challenges with the program. Each service’s unique business drivers complicated budgeting.

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The Role of Top-Down vs. Bottom-Up Business Budgeting in Modern FP&A

Centage

Business budgeting is a crucial factor with the ability to impact a business’ long-term success or failure. Although there are multiple ways to craft a business budget, most companies use one of the following methods: a top-down budget or a bottom-up budget.

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2023 and Beyond: Budgeting & Planning with QuickBooks Online Advanced to Manage Through Constant Change

Centage

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. Business Budgeting

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Hong Kong budget seeks to cushion economy from “zero infection”

Future CFO

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.

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The Value of Data-Driven Cash Flow Forecasting

Centage

While you might not be able to prevent the next economic downturn, there are steps your business can take to ensure you’re in the best possible position to handle what’s to come. The goal is to gather the necessary information to forecast your cash flow quickly, correctly, and frequently.

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Making the Move: Cash Flow Forecasting Tips for Turbulent Times

Centage

With less cash to count on, knowing your cash flow position with cash flow forecasting has never been more important: how much is really in the bank, how much is available on short notice, what revenues are coming in when, and what resources are going out and when. financial forecasting

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CBO Offers Grim Forecast Amid COVID-19 Disruptions

PYMNTS

The Congressional Budget Office (CBO) is anticipating a grim second quarter this year as the economy sputters amid coronavirus-related layoffs and business closures, CBO director Phill Swagel said in a blog on Thursday (April 2).