In such testing times, the strength of a society lies in how fast it recovers from a crisis, the ability to restart business, and undertake holistic disaster recovery. It is, however, encouraging to see that at the time of such a huge crisis, the government, private sector and individuals alike have come together to get life and the economy back on track.
Since its launch one-and-a-half years ago, Unified Payments Interface (UPI) has allowed full-scale interoperability in transfer of funds. The transaction volumes have grown 123 times from 2 million in December 2016 to 246 million in June 2018, while transaction values grew 58 times from 7 billion INR to 408 billion INR in the same period.
To remain at the top of their game and experience true digital transformation, it is vital for organisations to completely rethink their enterprise IT operations—by reinventing their operations architecture to transform back-office IT into a real and additional value provider.
Technology advancement follows an exponential growth curve. Every new technology starts off with a few experimental prototypes that generate excitement among the public, but may or may not find widespread adoption. Sluggish growth with incremental improvements is the norm, until an inflection point, caused either due to innovation in core technology or discovery of new applications, leads to exponential growth in adoption.
This publication provides an overview of the clarifications issued by the ITFG in its bulletin 16 (revised) and our insights on these clarifications, including related interpretative issues.
This publication provides an overview of the amendments notified by the Rules and our insights on practical application of the amendments.
Despite being at the forefront in driving new credit disbursals over the last 5 years, NBFC lenders are under pressure due to enhanced regulatory scrutiny (particularly driven by recent events surrounding the default of an NBFC), stiff competition from disruptors, rising customer expectations and the proliferation of technology advances to build digital business models.
A robust credit ecosystem is the need of the hour to manage the rise of NPA and fraud. Public Credit Registry (PCR) and GTSN are two such initiatives through which Indian regulators are pushing to enhance the credit infrastructure. It would also boost the micro lending economy and improve the existing credit facilities.
Rahul Lalit, Partner, Forensic Services, PwC India
Jaivir Singh, Vice-Chairman, PwC India Foundation
Rahul Garg, Partner and Leader, Tax Technology, PwC India
Hiten Kotak, Leader, Mergers and Acquisitions Tax, PwC India
PwC's robust technology offering is a one-stop solution for all your GST Compliance requirements.
Enhance the efficiency of your tax function and add synergies to your business using our technology-enabled solutions.
Our exclusive app provides deep insights along with latest news and updates on the ever-evolving landscape of GST in India.
Welcome to the India alumni community of PwC.
The aim of our alumni network is to keep you in touch with your former colleagues and friends as well as PwC India.
PwC offers a diverse and exciting approach to development which puts you in the driver's seat. Driving your development and growth means that you have the opportunity to learn from your colleagues and clients around you through on-the-job experiences.
