New age business models may have their presence in different jurisdictions globally. Businesses aiming to expand their market-reach set up operations in foreign countries as well. While this trend may bring fortune for business, it also poses a challenge in taxation due to operation in the varied countries on the other hand. Over time, it has been witnessed that taxpayers take undue advantage of the said challenges to avoid or reduce their tax liability by keeping their base in a low tax or no-tax jurisdiction.
The sighting of an Indian grey hornbill created a frenzy on a Lahore street on Monday. Wonder why? Once a native bird of Lahore, according to ornithologists, the population of the Indian grey hornbill has now gone down to an alarming level with only a few pair left in the city. So much so that the species is listed as “Near Threatened” in the country by the International Union for Conservation of Nature (IUCN).
Right wing domination is an expression of Malthusianism. Marx and Malthus were describing the industrial revolution, and so were Mark Twain and Charles Dickens. It was these novelists and journalists who described the ambiguities of how we think of the disparities between rich and the poor.
An invasion of armies can be resisted, but not an idea whose time has come.
- Victor Hugo
Passion is the key to unleashing the success potential of any venture. It also holds true for engineering studies. A faculty driven by passion and dedication can spark the academic interest of an impassive student. Designing customised problems or worksheets for students is the need of the hour to test their understanding to topics and prod them to think about the concepts from an application point of view. Student attention can be consolidated and interest in engineering studies can be generated through the assignment of project work.
US secretary of state Mike Pompeo’s stopover at Beijing on October 8 may not have been a pleasant experience, more so in the backdrop of accusation of US vice-president Michael Richard Pence about China attempting to interfere in US elections. The agenda of North Korean denuclearisation, where the US and China were broadly agreeing earlier, seems to have taken a back seat, and improvement of relations doesn’t seem to be realistic in near future.
The finance ministry recently announced merger of three public sector banks – Bank of Baroda, Dena Bank and Vijaya Bank. Financial services secretary Rajiv Kumar, in the ministry – that exercises oversight on all public sector banks – had stated that the merged bank entity would have better financial strength based on lower NPA ratio than average of 12.13 per cent for other public sector banks. The merged entity’s provision coverage ratio and cost to income ratio would also improve. Dena Bank, which is the smallest of the three, has a bigger share of NPAs.
Accelerating change has characterised the global business landscape for many years. Several factors such as rapidly evolving technology, newer financial instruments, complex regulatory environment, increasingly integrated global economy, and competition are creating new risks and opportunities for organisations. Amidst all this the role of the chief finance officer (CFO) has also evolved. Whereas earlier chief finance officers used to focus on value preservation, today their role encompasses strategic and consultative roles driven by the needs of business and leading to value creation.
Despite the best phase of economic progress, India losses quarter of its HDI value due to inequality. It requires more attention to bridge the regional and gender inequality to improve its relative rank globally.
It’s fascinating to look back on the advancements in technology and see how far the world has come in the last two decades. At the same time, the manner in which technology has proliferated and come to become an integral part of our daily lives has led to the diminishing of distances. Tech has made it possible for people in remote areas to access health and related services as well as interact with doctors and caregivers, without having to travel vast distances.