GST Rollout Cos May Face Operational Issues with ERP

Companies may face op erational issues with enterprise softwares at least initially when Goods and Services Tax (GST) is rolled out in the country. “The companies will face operational issues after GST while adjusting with the enterprise solutions. It is to be seen how GST is rolled out. Most companies are ready with the module and waiting for final regulations,“ Singapore-based Winspire Solutions CEO Jitendra Kulkarni said here on Monday. Speaking at MCCI Chamber of Commerce, he said “You don't know it could be old wine in a new bottle.“ If GST is rolled out properly it would help companies in creating infrastructure and warehouses closer to their markets.Kulkarni said use of cloud service help small and medium enterprises in adopting new technologies at lower capex.

The Economic Times, New Delhi, 18th Augsut 2015

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RBI deputy governor cautions fintech platform lenders on privacy concerns during loan recovery

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India can't rely on wealthy to drive growth: Ex-RBI Dy Guv Viral Acharya

India can’t rely on wealthy individuals to drive growth and expect the overall economy to improve, Viral Acharya, former deputy governor of the Reserve Bank of India (RBI) said on Monday.Acharya, who is the C V Starr Professor of Economics in the Department of Finance at New York University’s Stern School of Business (NYU-Stern), said after the Covid-19 pandemic, rural consumption and investments have weakened.We can’t be pumping our growth through the rich and expect that the economy as a whole will do better,” he said while speaking at an event organised by Elara Capital here.f there has to be a trickle-down, it should have actually happened by now,” Acharya said, adding that when the rich keep getting wealthier and wealthier, they have a savings problem. “The bank account keeps getting bigger, hence they look for financial assets to invest in. India is closed, so our money can't go outside India that easily. So, it has to chase the limited financial assets in the country and

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