Issue: January 2018
  Protagonist to economic transformation by Shri Vivek Kumar, Sanket Tandon and Shubhada Rao
  The authors opine that banking landscape in India will see a transformation with the entry of new age specialized banks
  Managing Non- Performing Assets: A Paradigm Shift by Shri Deepak Narang
  In this article, the author has said that emerging scenario after Insolvency and Bankruptcy Code has kicked in, will change the borrowing culture and make lending, in future by the banks, much safer.
  Bank Recapitalisation : Enhancing Capital Base by Shri Ashutosh Kumar
  The article elucidates that it would be beneficial for the banks to enhance their capital base
  Resolving Insolvency by Shri Indivjal Dhasmana
  The author opines that this time Insolvency and Bankruptcy Code is quite different from the earlier resolution system
Lead Article


Indias Growth Story

Norms for good governance have been laid in various traditional Indian texts: be it the Vedic texts or Kautilya’s Arthashastra. Our ancient texts have always emphasized on the importance of welfare measures to be taken by the government of the day for the development of the nation. India’s growth story during the recent years has been one of tremendous achievements in various sectors be it fiscal consolidation, financial inclusion, infrastructure, agriculture, et al. Government’s thrust on all round development has brought every area of development into limelight. Sound economic policies and fiscal consolidation measures like GST, have ensured that the economic scenario is poised for steady growth. The concept of ‘one tax, one nation’ is intended to simplify the tax regime, create a nationwide market for goods and services and make manufacturing more competitive. The landmark demonetization drive and other anti-corruption measures like Income Declaration Scheme, setting up of an SIT, etc. are drastic steps towards eradicating corruption and black money. Demonetisation was also an effort to boost the digital payments ecosystem, create less cash economy and bring transparency in financial transactions. Various digital modes of payment like the BHIM app and RuPay debit cards were introduced to encourage people to switch to less cash transactions. Well-being of all the house-holds first, providing the minimum needful to its citizens are guiding principles for any policy to take effect. Various measures to make India a manufacturing hub under ‘Make in India’ programme were initiated with the aim to leverage India’s massive demographic dividend and generate employment opportunities for the youth. To achieve this dream, the government took up skill development initiatives under the slogan of ‘Kaushal Bharat, Kushal Bharat’. Programmes like Start up India programme and Stand up India have motivated Indian youth to live in India and to grow with India. Digital Governance and Ease of Doing business policies of the government have ensured that investments reach India. Farmers’ welfare, agriculture and rural development have remained at the top of the list of priorities. The world is looking towards India with appreciation. Definitely our philosophy, literature and art were highly appreciated in the past also. But now India is being admired for its skill bank, investment opportunities, international relations, peacemaking strategies and it’s policies are getting widely accepted worldwide. Once known as the ’land of snake charmers’, India today is the third largest economy, after the USA and China. India’s growth story continues to be on the forward path..
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Do you know? : What is Forensic Auditing
Forensic auditing refers to the auditing with the main aim to employ accounting techniques and methods to gather evidence to investigate the crimes on financial front such as theft, fraud etc.
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