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The spat between the Big Four professional services firms and Indian auditors over the new RBI guidelines for appointments of statutory auditors has turned nasty with both sides accusing each other of serving self interest and trying to mislead key stakeholders. ....
Financial priorities evolving, saving sentiment gains clout: KPMG ANI | Updated: May 25, 2021 11:52 IST New Delhi [India], May 25 (ANI): Indian consumers are prioritising their finances amid the Covid-19 pandemic and becoming more savings oriented, according to a new report by professional services firm KPMG. Nearly 85 per cent of respondents surveyed by KPMG said they are likely to stick to their savings plan even with a 10 per cent fall in their income. And 70 per cent of them across all age groups said are concerned about their future finances. More than 50 per cent of those surveyed said they started investing more in saving instruments post-pandemic. ....
India Inc goes the extra mile to support families of deceased employees Synopsis Tata Steel on Sunday said the family of a deceased employee will get the last-drawn salary along with medical benefits and housing facilities till the person’s retirement age of 60 years. From continuing to pay salaries after an employee’s demise and providing jobs to spouse or family members to taking care of children’s education, India Inc is stepping up to support families of employees who have lost their lives to Covid-19. Many working-age professionals have succumbed to the virus in the devastating second wave of the pandemic, prompting employers to lend a helping hand to families, even as India has become the third nation ....
Financial priorities evolving with saving sentiment gaining clout, says KPMG report SECTIONS Last Updated: May 24, 2021, 07:07 PM IST Share Synopsis The Me, My Life, My Wallet Report 3.0 showed that about 50 per cent of the respondents have started investing more in saving instruments post pandemic. ThinkStock Photos Financial priorities of Indians are evolving amid the pandemic with more and more Indians turning towards saving, according to a report by KPMG. The Me, My Life, My Wallet Report 3.0 showed that about 50 per cent of the respondents have started investing more in saving instruments post pandemic. It further revealed that 85 per cent respondents are likely to stick to their savings plan even with a 10 per cent fall in their income. Around 70 per cent respondents across all age groups are concerned about their future finances as against 49 per cent globally. ....