Sun.Dec 18, 2022

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Overcoming Challenges to Economic Freedom in States

CFO News Room

People point to tax burdens and over-regulation as the reasons for economic decline. But the reality is that high government spending is the precursor to heavy taxes and regulation. . 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. .

Economics 130
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What’s important to CFOs in 2023?

Future CFO

Growing economic volatility will continue to add uncertainty to an already challenging and unpredictable global business environment as we head into 2023. Business leaders will be expected to focus on strategic initiatives that will help them navigate through future headwinds and position their organisations for long-term growth and competitive success.

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Tesla, Warner Bros. Discovery, Lennar and more

CFO News Room

Check out the companies making headlines before the bell: Tesla (TSLA) – Tesla fell 1.2% in premarket trading after an SEC filing showed that Elon Musk sold another $3.6 billion in shares. The stock is down 55% year to date through Wednesday. Warner Bros. Discovery (WBD) – Warner Bros. Discovery raised its projected costs for scrapping planned content by $1 billion to a total of $3.5 billion.

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Despite volatility, this week’s 5-year TIPS reopening remains appealing

Tips Watch

By David Enna, Tipswatch.com Opinion: Nominal and real yields for mid- to longer-term Treasurys are lower than they should be. The Federal Reserve is aggressively tightening, sending clear signals it wants interest rates heading higher.

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Planning Your Restaurants Path to Profitability

Speaker: James Kahler, COO of Full Course

Ever wondered where to splurge and where to safely conserve when it comes to operating and growing your restaurant? 🤔 Join James Kahler, COO of Full Course and industry visionary, in this new webinar where he'll talk all about best practices to invest in your restaurant's success! Whether you're a new business or an established restaurant, a seasoned pro or a rookie, you'll learn the keys to sustainable success in this competitive industry.

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What Effective Allies Do Differently

CFO News Room

Over the past few years, many people have sought to understand how to be an ally to coworkers from historically marginalized groups. Several experts have offered useful pieces of advice on educating oneself, accepting feedback , paying attention to patterns of inequality in one’s workplace, and recognizing one’s own privilege. However, over time, piecemeal advice can feel simplistic, overwhelming, and confusing.

More Trending

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Budget may allocate Rs 4,500 crore to promote districts as export hubs for specific products

CFO News

The boost to exports is being planned when the growth in the country's outbound shipments were flat in November at $31.99 billion as against $31.8 billion a year ago. Initially, a pilot with 50 districts could be started, which would then be expanded to the 733 districts of the country. The districts will be assessed on parameters such as export plans and efforts to plug infrastructure and logistics gaps.

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Placing a premium on resilience: How businesses can thrive through volatility

Future CFO

McKinsey senior partner, Oliver Tonby, shares four ways Asian businesses can anticipate and weather oncoming economic storms to emerge stronger. The post Placing a premium on resilience: How businesses can thrive through volatility appeared first on FutureCFO.

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CBDT files review against SC's benami ruling; terms it continuing criminal offence

CFO News

The Supreme Court had ruled in August that the Benami Transactions (Prohibition) Amendment Act of 2016 cannot be imposed from before the year of its enactment (2016) and said the tax authorities cannot initiate or continue criminal prosecution or confiscation proceedings for transactions entered into prior to the coming into force of the legislation.

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10 Sunday Reads

Barry Ritholtz

Avert your eyes! My Sunday morning look at incompetency, corruption and policy failures: • The Meadows Texts: A Plot To Overturn An American Election : TPM Has Obtained Explosive Evidence Uncovered By The January 6 Select Committee. ( Talking Points Memo ). • What Sam Bankman-Fried Got for His Baffling Media Blitz : The disgraced FTX founder didn’t help his case, and he probably made it worse. ( Slate ). • The High Price of Bad Business: Corporate America’s Biggest Settlements : BP’s Deepwater

Economics 104
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How Automation is Driving Efficiency Through the Last Mile of Reporting

Speaker: Jamie Eagan

As organizations strive for agility and efficiency, it's imperative for finance leaders to embrace innovative technologies and redefine traditional processes. Join us as we explore the pivotal role of digitalization and automation in reshaping what is commonly referred to as the “last mile of reporting”. We’ll deep-dive into why digitalization is no longer a choice, but a necessity for finance departments to stay competitive in a fast-paced environment touching on: 2024 trends for the Office of

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India's auto industry sets on a journey to sustain growth momentum in 2023

CFO News

India's automobile industry will be welcoming 2023 with hopes for a sustained growth momentum amid rising interest rates and cost increases due to new safety norms and guidelines. ​​It will further be embracing clean technology after having witnessed a strong comeback from the Covid-led downturn this year.

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House Committee Wraps Up Historic Investigation Into Oil Industry

CFO News Room

By Nick Cunningham, an independent journalist covering the oil and gas industry, climate change and international politics. Originally published at DeSmogBlog. Congressional investigators released a new set of documents that underscored the oil and gas industry’s ongoing attempts to block climate policies and confuse the public about their long-term investments in fossil fuels.

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Indian real estate continues to attract robust PE inflows, albeit at slower pace

CFO News

Investors’ confidence in the segment remained high, owing to the rapidly increasing need for last-mile deliveries and logistics. Robust demand for warehousing spaces amidst pandemic and a dearth of organized assets led to several greenfield investments during the year.

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MCA plans staggered deadlines for submission of compliance documents

CFO News

This plan is akin to some of the deadlines under goods and services tax where certain kinds of filings, such as the submission of GSTR-3B quarterly filings, come with varying deadlines depending on the region of the taxpaying entity.

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Register Now: Sneak Peek Into Close Automation SkyStem Web Demo

Technology is rapidly changing the way accountants perform and manage month-end activities. Spreadsheets, email, and shared drives no longer have to slow us down. Join us as we present a "sneak peek" recorded demo of SkyStem's month-end close solution – ART. In under four weeks, your team can start reaping the benefits of month-end close automation by vastly reducing spreadsheets, cut down on reconciliation work, speed up the month-end close, and better manage your remote team.

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Government preparing to amend insolvency law to reduce time period for resolution process

CFO News

Government is preparing to amend the insolvency law as it looks to reduce the time taken for completion of resolution process of stressed assets and prevent significant erosion of value of the assets, reported PTI citing a senior official. The amendments to the Insolvency and Bankruptcy Code (IBC), which came into force in 2016 for timely resolution of stressed assets, are expected to be introduced in the Budget session of Parliament early next year.

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Budget 2023: Exporters demand support measures to boost India's shipments

CFO News

Indian exporters have asked for inclusion of support measures like waiver of electricity duty and easier availability of credit in the upcoming Union Budget for 2023. The inclusion of such measures will​​ boost the country's outbound shipments.

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JSPL will invest Rs 7,930 crore under PLI scheme for specialty steel, says MD Bimlendra Jha

CFO News

Jindal Steel and Power Limited (JSPL) Managing Director Bimlendra Jha on Sunday said the company will spend Rs 7,930 crore under the PLI scheme for specialty steel. The amount will be used to manufacture eight types of high-end alloy in India. The company is one of the qualifiers of the government's production linked incentive (PLI) scheme and aims to increase the output of value-added steel using new age technologies in the domestic steel sector.

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Is break from work the best year-end gift? Startups say yes

CFO News

As employees return to offices and companies start to follow a hybrid work model, several organisations are helping staffers recharge with additional time off through company-wide shutdowns and driving camaraderie through offsites and fun workplace activities, to end the year on an optimistic note.

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Accounting Software and ERP Readiness Guide

In this white paper, we explore the factors to consider in deciding whether the time is right for your Company to consider a new ERP or accounting software, the total cost of ownership and plans necessary to make the potential leap to these systems.

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Small steps welcome, but GSTeps needed

CFO News

India's growth momentum amid a world economy staring at recession is dependent on the government's capital expenditure push. This must be funded through improved tax mobilisation and a GST that delivers is key to that effort. Incremental gains are welcome, but bigger reform is due.

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India's direct tax collection stands at Rs 13,63,649 crore, records 25.9 per cent growth

CFO News

The Gross collection of Direct Taxes (before adjusting for refunds) stood at Rs. 13,63,649 crore compared to Rs. 10,83,150 crore in the corresponding period of the preceding financial year, registering a growth of 25.90 per cent, a government data on Sunday showed. Net Direct Tax collections for the FY 2022-23 recorded a growth of nearly 19.81 per cent.

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Former RBI Governor Raghuram Rajan says Indian economy would be lucky to see 5% growth

CFO News

Former Reserve Bank of India (RBI) Governor Raghuram Rajan on Wednesday in a chat with Congress leader Rahul Gandhi claimed that India would be lucky if it achieves 5 per cent growth next year. He said that ​next year is going to be more difficult than this one. "Of course, this one had a lot of difficulties with the war and all that. Growth is going to slow in the world.

Banking 52