Are you GDPR ready?

The EU General Data Protection Regulation (GDPR) is the most important change in the data privacy regulation in the last couple of decades. The GDPR was approved by the EU Parliament on April 14, 2016 and will be effective from May 25, 2018. The GDPR replaces the Data Protection Directive 95/46/EC and will be applicable in blanket across all the 28 countries in Europe to protect and empower all EU citizens’ data privacy.

Bring the shine back on

There has been an overall despondency across the gold value chain ever since the finance minister tabled the Union budget for 2018-19 in Parliament on February 1.  This ‘let down’ feeling sweeping across the gold industry is a shared concern cutting across the entire gold value chain —from artisans to small production units to trade and the industry as a whole.  Considering the immense potential of the industry in creating new jobs and adding to the upside in exports, this shared concern is justifiable in a sense as the government chose to defer considering the long list of long p

DISEQUILIBRIUM: Beware the peddlers of pelf

Nature it is said abhors a vacuum. While the Supreme Court needs to be complimented for attempting to dislodge the well entrenched zamindars who have ruled Indian cricket for aeons, the diarchy in place is leaving room for jiggery pokery.

ASEAN’s bright future

The Association of Southeast Asian Nations (ASEAN) was established 50 years ago in 1967, with the signing of the ASEAN Declaration (Bangkok Declaration), and since then, has emerged to become one of the fastest growing regions in the world. Over the past five decades, ASEAN has made extraordinary progress both economically and socially, with deepened intra-ASEAN cooperation and narrowed developmental gap within and across the ASEAN region.

Not always taxing

On February 1, when the finance minister presented the last budget of Central government’s present term, persons from all strata’s of the society expected the government to dole-out some freebies and benefits for themselves, before the government goes out to polls to seek another mandate.

Poor on a pyre, life goes on

When one thinks about it, the episodes of death by fire in small illegal establishments are too horrible to imagine. TV gives us the instant images, as do newspapers, and the event is marked by the descriptions of the working and living conditions of the poor. The children who are orphaned are taken into their relatives’ already over crowded homes, and there they try to make sense of their destiny.

CUT & THRUST: It is called Bond, stupid!

As we go to print, the Dow Jones is down 428 points, once again on fears of rising bond yields. Financial Chronicle traces the fear gauge of bond street across the world and their impact on equities

Operation Green

The finance minister Arun Jaitley in his budget speech has sent out a clear message that agriculture sector is the top priority for the government. Countering the agrarian distress despite record production in the country needed to be addressed urgently. He has, therefore, taken initiatives that help protect income, provide access  to markets and promote diversification. These steps, in addition to earlier initiatives in the area of soil health, crop insurance, completion of ongoing irrigation projects will go a long way in safeguarding the farmer from fluctuating revenues.

Prebudget recommendations

Direct Tax

Reduction in Corporate tax rate:   Presently, the base corporate tax rate is 30 per cent. Considering that the weighted deductions and tax holidays are being phased out, the corporate tax rates should also be reduced for large companies in line with governments objective to widen the tax base and make these companies globally competitive.