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Our experts predict major trends in leading sectors of the Indian economy for the New Year

This issue of Compliance Connect is a wrap up of the year 2017, as we provide insights on the most crucial developments in the forensic & investigation space also presenting an outlook for the coming year. Further, we share key predictions for 2018 as businesses get ready for some exciting times to drive their compliance agenda and get better prepared to mitigate risks.

Farm mechanisation in India is still in its early stages as compared to the developed countries. Even with slow growth of mechanisation, the total production of food grains in India increased from over 50 million tonnes in 1950-51 to 272 million tonnes in 2016-17. Food grain demand is expected to reach 355 million tonnes in 2030 as compared to 250 million tonnes in 2016.

Life in the Automotive World has gone full circle with concepts like Electric Vehicles (EV) and shared mobility coming back into favour and becoming a critical part of global discourse.

The quarterly publication – Auto Track II, envisages the outlook of the automobile industry with deep insights on its various verticals along with a summary of the major happenings in the industry.

Today, the ascent of a shadow economy is no surprise. In fact, this system has existed since the very inception of the term ‘economy’. What’s surprising is how shadow economies are mushrooming around the world. The clandestine activities which govern a shadow economy, like carrying out business transactions for cash, evading taxes, and dodging regulations flourish during times of financial uncertainty.

Our next issue of Dispute Insights navigates through the fundamentals of Alternative Dispute Resolution (ADR) and its key mechanisms. It captures the widely used mechanisms available in resolving disputes, their typical characteristics, advantages and fallouts.

Market trends continue to favour the commercial segment which has witnessed a slight hike in the rental values across the key markets. Residential segment continue to be in the wait and watch mode. The signs of disruption are clearly visible in the realty sector, which continues to catch up with the sentiments and market dynamics. Amidst the whole chaos around changing legislations, there are players who are finding it difficult to manage the tide. Current situation opens up an opportunity of consolidation in the sector, wherein large players clearly lead the game. Apart from consolidation, developers are also looking at diversifying their business plans, with a mix of commercial and affordable housing also getting some share in their overall pie.

Our quarterly newsletter, TP Niche navigates through the latest trends and developments in the field of transfer pricing (TP) in India and globally. This newsletter captures our experiences in India’s Transfer Pricing regime and also provides insight into the recent developments globally.

Our report, BillionFit: Technology redesigning healthcare, navigates through key trends in disruptive technologies in healthcare, with a focus on India. This paper captures India’s Healthcare and Fitness scenario from a technology perspective, while providing some insight into the recent developments globally.

Rated as one of the fastest growing major economies in the world, this is an interesting time to do business in India. A host of reforms have made it easier for entities to start, operate and also exit businesses in India.

India Inc. has finally implemented internationally recognised accounting norms i.e. accounting standards converged with IFRS (Ind AS) after almost a decade of efforts by several authorities. The transition was a long path encompassing and sorting challenges on various fronts, accounting and regulatory.

Beyond compliance - The building blocks of a strong corporate culture

The first half of 2017 witnessed a minimal variation across various market indicators except new launches. Housing supply across key cities declined by approximately 20 per cent largely on account of developers anticipating dip in demand post demonetisation coupled with muted investor demand. The sector has long faced issues in terms of macroeconomic conditions and fiscal policy decisions. One such challenge is the management of multiple indirect tax levies. With the launch of Goods and Service Tax (GST), which subsumes multiple indirect taxes, tax compliance will be simplified and scope for multiple taxation will be minimised. With the Real Estate (Regulation and Development) Act (RERA) has come into force, India has got its first realty regulator. The recent legislations and reforms in the real estate sector have paved the path for a transparent real estate regime.

TP Niche: A spectrum of transfer pricing issues

The art of physiological manipulation has made organisations world over susceptible to scams. The term, Social Engineering Fraud, as we know it, has become a thriving business for fraudsters hiding in the cyber space and has been spreading like an endemic across industries and regions. Consider the data from the international police agency, Interpol. It attributes total losses to Business Email Compromise (BEC) at around USD 1.2 billion in 2015 . Needless to say, this fraud is one of the top security concerns for enterprises.