The Prime Minister’s Office (PMO) has convened a high-level meeting on September 23 to deliberate regulatory reforms aimed at fostering large domestic audit and consultancy firms capable of competing with global giants such as Ernst & Young (EY), Deloitte, KPMG and PricewaterhouseCoopers (PwC). The meeting to be chaired by Shaktikanta Das, Principal Secretary to the […]
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MSME steel importers are seeking a Government exemption from a new quality control order and BIS approval requirements, arguing the mandate has fueled a sharp spike in prices and left their businesses in financial jeopardy. A new Government quality control order on steel is pitting India’s micro, small and medium enterprises against regulators, with importers […]
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Banks in India are now using AI avatars for loan recovery. These virtual agents make video calls and send messages to borrowers. This method is cheaper and more efficient than using human agents. Private banks are adopting this technology. Public sector banks are also considering it. The goal is to improve loan repayment rates while […]
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