Dear finance professionals and students, welcome to Podcast of FCA Deepak Rao a practicing Chartered Accountant.

• Vodafone Idea’s financial turnaround is in jeopardy as its ?25,000 cr debt-funding plan faces delays following the Supreme Court’s AGR ruling. The delay has raised concerns about Vi’s ability to invest in 4G and 5G expansion, crucial for competing with rivals Jio and Airtel. Analysts predict government intervention, including converting dues into equity, to prevent a collapse.

• Indian companies, including HUL and Diageo, are adopting flexible benefits programs to cater to the diverse needs of their multigenerational workforce. These programs allow employees to customize their benefits packages by choosing from a range of options such as health insurance, wellness programs, and financial counselling, leading to increased employee satisfaction and retention.

• Major electronics companies like Samsung, Apple, and Whirlpool are importing less, marking a potential first-time occurrence. This shift is attributed to the ‘Make in India’ initiative promoting local manufacturing and component sourcing. While mobile phone localisation is steadily increasing, home appliances have achieved significant local sourcing.

• Walt Disney reported a $1.5 billion impairment charge related to its Star India transaction, reflecting a fair value adjustment. The charge includes $800 million in cumulative foreign currency translation losses. Disney completed the merger of Star India with Reliance Industries’ Viacom18, creating JioStar, on November 14.

• Indian banks are turning to certificates of deposit (CDs) to bridge the gap between loan demand and deposit growth. CD issuances have surged by 69% this fiscal as banks compete for deposits amid tight liquidity. Analysts predict that deposit rates will remain elevated despite anticipated rate cuts.

• The Goods and Services Tax Network (GSTN) has identified an issue where some taxpayers are seeing duplicate invoices in GSTR-2B for both September 2024 and October 2024. The GSTN team is actively working to resolve this matter and assures taxpayers that the issue is being addressed on priority.

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Vande Mataram
Jai Hind

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Consolidate all those MCAs and short-term loans requiring a weekly or daily payment into ONE MANAGEBLE PAYMENT, saving 50-75%!

To get started, visit http://www.BusinessDebtConsolidationLoans.com

This program provides IMMEDIATE FINANCIAL RELIEF to small businesses IN ALL INDUSTRIES! To qualify, your company must:

–Be headquartered in the United States
–Be a currently operating company
–Have AT LEAST 2 current short-term (MCA) loans with DAILY or WEEKLY payments

#businessloan #businesstips #hardmoneyloan #hardmoney #hardmoneylender #debtconsolidation #smallbusinesstips #entrepreneur #refinance #refinancing #businessbanker #businesshelp #mca #merchantcashadvance #businessfunding #boss #blackbusiness #reverseconsolidation #businesstips #businesshelp #loan #lowerpayments #ppp #consolidate #mcaconsolidation #ertc #erc #buyout #ertcbuyout #ercbuyout #bridgeloan

A New York Times report reveals Donald Trump paid just $750 in federal income taxes in 2016 and 2017, wrote off $70,000 for his hair during “The Apprentice” and has amassed $421 million in personal debt. #DailyShow #TrevorNoah #Trump

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Student debt has reached an all-time high in the U.S., and it’s not just millennials who are struggling.

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“How you think is everything.” This simple and true statement exemplifies how the product of our labors is first built by our minds. Everyday, we make several financial decisions, yet many of us practice little to no daily mindfulness of our money until there are cash crunches or other problems that must be addressed. This book is the tool you need to breakthrough and achieve consistent daily awareness of your money and your mindset towards money. Containing 365 personal finance affirmations–one for each day of the year–this book provides daily meditations to help you break through mental and habitual roadblocks, negative predispositions, and self-sabotaging beliefs that stand in the way of financial success. Each affirmation has been carefully designed based on extensive research into the personal finance and self achievement fields. The simplicity and elegance of each affirmation provides a tool to help you conquer the financial challenges in your life while supporting your long-term goals.