During his first Union Budget in July 2014, former finance minister Arun Jaitley announced the setting up of an institution called 3P India, with an allocation of Rs 500 crore. The intention was to mainstream public-private partnerships (PPPs) in India. The plan was to bring together the capacities of the government and private sector to push PPP projects.
Trade buyers in emerging economies appear to be losing their appetite for merger and acquisition (M&A) targets in developed nations, says a KMPG report.
The chartered accountants regulator ICAI on Thursday said KMPG cannot audit Satyam's books, but the global auditor said it does not require to register with the regulator to restate the IT company's accounts.
Companies wanted continued fiscal support from the government in form of extension of the provisions of section 10 A/10 B of the Income Tax Act 1961, according to the results of the study released on Friday. The income tax holiday under sections 10 A/10 B are set to expire on March 31, 2010.
It can be noted that ever since Satyam Computers scandal came out in January 2009, the audit world, especially the Big Four, have been under fire from the regulators.