The Ministry of Corporate Affairs (MCA) notified Ind AS 115, ‘Revenue from contracts with customers’, on 28 March 2018, which is effective for accounting periods beginning on or after 1 April 2018. In this edition we discuss few practical application issues related to Ind AS 115. Among other matters, the current edition discusses accounting of the right of return, warranties, non-refundable upfront fees, licences and principal-agency arrangements.
The employment situation in India is being debated intensely. However, on one point there is broad consensus: in the coming decade, if India were to provide gainful employment for its growing young population, our growth can accelerate dramatically and be inclusive. On the other hand if we are unable to provide employment to these millions of young people, we are likely to face social unrest.
Providers continually face competitive forces to deliver more with less. To top it, customers are now spoilt for choices and are ever more discerning. Opportunity in customer experience exists for those who can differentiate during the moments of truth. Autonomous intelligence is helping organisations to derive insights and enabling call to actions by analysing structured and contextual data and thereby building capabilities to enhance experience.
This publication provides an overview of the amendments notified by the Rules and our insights on practical application of the amendments.
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.
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.
The PwC-NASSCOM white paper explores technologies like augmented reality, image processing, speech synthesis, drones etc. and identifies innovative use cases that leverage these technologies along with IoT. These use cases solve some real world issues and shall help drive value differentiation for the cities of the future.
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