Sunday, 3 July, 2022
TopicKPMG

Topic: KPMG

Indian banks will take a Rs 38,000 crore hit if Dewan Housing is declared a fraud

RBI requires banks to provision fully for their entire exposure over four quarters if they decide a loan account involves fraud.

Plan to rescue Dewan Housing seems entirely fictional, like a Bollywood fantasy

The only reason Dewan Housing rescue is even being attempted is to delay — as long as possible — the collapse of a large NBFC.

KPMG report pegs highway ministry’s annual revenue deficit at Rs 1.36 lakh crore

The KPMG report says such a high revenue deficit could hit Modi govt’s target of building 60,000 km of highways.

79% of Indian firms say cyber security among top 5 business risks: KPMG report

Malware is the most common type of cyber-attack, with 73% of the firms considering it a menace followed by phishing (43%).

On Camera

YourTurn

Kanhaiya Lal Teli’s body being taken for last rites in Udaipur on 29 June 2022 | Photo: ThePrint | Manisha Mondal

India’s blasphemy beheadings have a new audience—and they’re sitting behind smartphones

Videos on social media have become a key feature of blasphemy killings. Each inspires communal competitors to stage a more macabre act of revenge.
The Reserve Bank of India logo | Photo: Suraj Singh Bisht | ThePrint

RBI intervenes with multi-pronged strategy in battle against rupee fall

The Reserve Bank’s challenges include crashes in forward dollar premiums to rising open interest in futures that adds to pressure on the currency.

Defence

File photo of Prime Minister Narendra Modi and Egyptian president Abdel Fattah Al Sisi on the latter's first visit to India | Photo: Twitter/@narendramodi

India and Egypt work towards building strategic relationship with focus on defence & security

From holding joint military exercises to exporting wheat as Russia and Ukraine stop supplies, New Delhi and Cairo are redrawing their relationship as geopolitical tensions rise.    

Moral, political & ideological questions on Maharashtra: 1st is simplest to answer, 3rd trickiest

What is Shiv Sena’s ideology? We might say it’s been a convenient mix of extreme ethnic chauvinism & unforgiving Hindutva. Within the second, the party retained space to manoeuvre.
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