Issue: October 2016
Cover Story 
Textiles’ – the word brings up images of beautiful drapes – cotton, silk, chiffon, lace. Whether it is the material draped on the figurine of the lady f...
Lead Article

Textiles the word brings up images of beautiful drapes cotton, silk, chiffon, lace. Whether it is the material draped on the figurine of the lady from Mohenjadaro, the stylish drapes of Cleopatra, the ball dance gowns of the Victorian Era or the lovely dresses worn by our own queens and princesse...

  Tapping Sustainable Energy Alternatives
  The second lead article, which is also focus article, is written by Shri N Bhadran Nair. Citing a report of the World Health Organisation, the author has advocated for tapping sustainable energy alternatives
  Financing Renewables in India
  The third article is written by Shri P C Maithani, Adviser, Ministry of New and Renewable Energy. He has focussed on renewable energy resources
  Steps to Achieve India’s Solar Potential
  The special article is written by Sumant Sinha, Chairman and Managing Director of ReNew Power. He opines that India must also honour its global commitments on curbing greenhouse gas emissions
Analysing Tax Proposals Vikas Vasal Uday Ved
Pratik Jain

The Finance Minister has, with his Budget for 2010-11, put India back on the growth trajectory. Finely balancing growth measures with fiscal consolidation, creating an improved environment for investment and spending while keeping a check on curtailing inflation, the budget proposals have caused positive ripples through the industry.

Commitment to shrink the fiscal deficit to 4% levels over the next 3-5 years, targeted double digit GDP growth, drawing a roadmap for capping debt and disinvestment focus will go towards upgrading India’s sovereign rating – an indication of which was immediately seen through the positive reaction on the Indian bourses.

Proposals made in the Union Budget 2010 reflect the FM’s commitment to immediately revert to the 9% growth path and cross the ‘double digit growth’ barrier through various fiscal consolidation measures and growth which is inclusive, ie by bringing about reforms for poverty alleviation, focus on enhancement of education and healthcare, checking inflation and boosting the farm and infrastructure sectors.

The Budget has proposed many reforms pointing in the positive direction, key being to the financial institutions and the banking sector. Issuance of new banking licenses to NBFCs and private players, recapitalization of PSU banks and rural banks will help broadening and strengthening banking reach to the rural and semi-urban cities. Reaffirmation of the intent to simplify and introduce a comprehensive FDI regulation and setting up of an apex-level Financial Stability and Development Council.

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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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