KPRD

20/08/2016

Share on FacebookShare on Twitter In this blog post, Khushboo Tatia, a practising Advocate and Solicitor and Proprietor at KTP Legal, Mumbai, a student, pursuing  a Diploma in Entrepreneurship Administration and Business Laws from NUJS, Kolkata, provides business structuring ideas to individuals who...

24/02/2015

19/01/2015

Not to forget our workaholic, super knowledgeable Lawerence Wong

19/01/2015

KPRD's top performing partners in Singapore Phillip Teo

20/10/2014

Indian Economy: Touching the $2 Trillion Target

Indian Economy is set to surpass the $2 Trillion mark in the current year, followed by the 2019 estimate by IMF of $3 Trillion which will make India the 7th largest economy in the world, 3 steps jump from the current standing, surpassing Russia, Brazil & Italy.

The post election recovery of confidence allows the present government to pull up from the sub 5% growth rate during the last 2 years.

17/10/2014

Rapid Fall in Global Oil Prices: The Asian Impact

The global price of oil at present stands at $84 per barrel (down $31 or 27% from its high point for the year), which was relatively stable for nearly four years, averaging $110 per barrel. Oil consumption globally is 91 million barrels per day, which means the world's oil producing countries and companies are bringing in as much as $2.8 trillion less in revenue every day; and consumers, shippers and airlines are saving a comparable amount on gasoline, diesel and jet fuel.

China: Being the second-largest oil consumer and on track to become the largest net importer of oil is in for some relief. But lower oil prices won't fully offset the far wider effects of its slowing economy.

India: Imports three-quarters of its oil and analysts say falling oil prices will ease the country's chronic current account deficit. The cost of India's fuel subsidies would fall by $2.5 billion during its current fiscal year if oil prices stay low.

Japan: Imports nearly all of the oil it uses. Following the accident at the Fukushima Dai-Ichi nuclear power plant in 2011, Japan has turned more to oil and natural gas, which is priced based on oil, to generate electric power.

27/08/2014

MOODY's Indian Economy Predictions:

With less than 100 days of completion of the BJP-led-NDA, one of the leading Research & Analysis group - Moody's Analytics, has come our with their predictions of Indian GDP growth rate of 5.1% in the 1st Quarter of FY 14-15.

If proven right, this could be a big plus point for the new government as India has been booking a GDP of less than 5% for consecutively 2 years.

The reasons for this sudden increase has been on account of re-bouncing of Exports & Imports, new investments into the country, and a strong paced growth in Industrial Production.

It was however pointed out that India possesses the potential to grow at 7%, the biggest contributor to which can be the long-overdue GST imposition country-wide.

27/08/2014

RBI Keeps a close watch on Stock market Volatility:

Amidst the grand electoral turn-around, the upcoming Diwali period; many big-wigs of the stock market are busy speculating NIFTY @ 8500. This has, in a major sense, impacted the small and mid cap stocks.

This has raised alarms in the ears of the Central Bank, as it tends to impact overnight call market rates of these companies, which has forced them revise the liquidity management framework of all financial institutions.

"To ensure that the access to liquidity under these term repos remains equivalent to 0.75% of NDTL at all times, 3-day/4-day variable rate term repo auctions of varying amounts will also be conducted between September 5 and September 12," RBI said, hinting at conducting more shorter maturity term repos.

Further, RBI has restricted NBFCs to lend more than 50% of the value of the shares pledged as collateral while giving loans of over Rs. 5 Lakhs.

Also, NBFCs with an asset size of Rs 100 crore can accept only Group 1 securities as collateral and will also have to disclose details of shares pledged with them.

04/08/2014

RBI keeps Monsoon check; Moneytary Policy changes kept on hold:

India’s consumer price inflation rose 7.31% in June, a 43-month low, and much lower than consensus market expectations. Wholesale price-based inflation (WPI), too, slowed to a four-month low of 5.43% in June. Factory output gained 4.7% in May, the fastest pace in 19 months, and manufacturing activity, rose to 53 in July, a 17-month high, in response to a surge in production backed by new orders.

Macroeconomic data are certainly looking better as a backdrop for Reserve Bank of India (RBI) governor Raghuram Rajan’s first monetary policy review after the National Democratic Alliance government presented its maiden budget. The rapid pace of improvement in the monsoon over the past few weeks, which narrowed the rainfall deficiency, is another piece of good news.

However, The stubborn manufacturing inflation is also something RBI is certainly not feeling comfortable about. The so-called core inflation, or the non-food, non-oil inflation, in June rose to 3.9%, against 3.8% in May. Read in conjunction with the factory output data of May and PMI data of July, it seems that demand pressure is slowly coming back to Asia’s third largest economy.

Rajan is unlikely to be in a hurry to ease monetary policy soon and go for a rate cut even as RBI will keep a close tab on the progress of the monsoon. Geopolitical risks are also rising and this can have an impact on commodity prices.

02/08/2014

Major Boost in Telecom Sector via foreign Investments

As per the recent official statements by the Telecom Industry, India shall witness a major inflow of foreign investments in the Telecom sector; major contributors of them being Facebook, Cisco & HP.

Telecom Minister, Shri Ravi Shankar Prasad said that HP has informed them of having about 40,000 employees in India and their business here is the “biggest beyond USA”, which naturally opens up the appetite for further expansion.

The minister on Thursday also met Japanese delegation, which will soon sign a memorandum of understanding on using solar power for mobile towers. “The meeting was on to strengthen cooperation between India and Japan, particularly in the field of electronics. Also, they are keenly pushing for installation of solar powered generators around BTS (mobile towers). We welcome that and we will be shortly executing an MoU with them,” he said.

The Japanese delegation, however raised concern regarding recent mandatory certification of certain electronics products issued by Bureau of Indian Standards, the minister added.

31/07/2014

Relief from I-T Department:

The requirement to update mobile & E-mail ID of every assesse has been temporarily disabled by the Income Tax Department, due to various problem/incidences of late receipt of confirmation PIN.

29/07/2014

Tax Audit Limit - From 45 to 60:

In view of the enhancement of professional competence of members to perform quality services in an IT-enabled environment, the Council of ICAI has decided to increase the "specified number of tax audit assignments" for practicing Chartered Accountants, as an individual or as a partner in a firm , from 45 to 60.

The said limit will be effective for the audits conducted during the financial year 2014-15 and onwards.