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Wednesday, July 23, 2025
TopicPWC

Topic: PWC

At 6.11%, India’s direct tax-to-GDP ratio in FY23 highest in 15 years, cost of collection down

Data released by Central Board of Direct Taxes shows India’s direct tax collections have been rising strongly over the past decade, as has number of those filing returns and actually paying tax.

‘57% of all frauds’ in India happen online, ‘26% of Indian organisations lost over $1 million’ to such scams

Report by Pricewaterhouse Coopers focuses on 'platform fraud', which happens via an online platform, and is the biggest source of fraud suffered by Indian companies.

Why India’s Unicorn population hit a peak & dropped off in 2022

An October report says number of unicorn start-ups fell from 105 to 84. Inflated valuations, rise in M&As & fresh IPOs next year can result in even more of them losing tag of unicorn.

40% of Indian firms lost $50k-$100k to fraud, economic crime during peak Covid, says PwC report

Silver lining is that there’s decline in fraud due to prevention measures taken up by managements, finds survey. As many as 112 Indian companies were part of global survey.

Talk Point: Is SEBI’s ban on PwC over the Satyam scandal well deserved or too little too late?

On Wednesday, SEBI banned PwC and all its audit firms from auditing any listed company in India for two years, after finding it guilty in the Satyam scam.

On Camera

Bihar mimics 19th-century American South. Citizenship is now weaponised to exclude voters

Disenfranchisement by institutional fiat is profoundly undemocratic. The effect of the ECI's new documentary process in Bihar will tilt the scales in favour of the BJP.

India-US set to ink mini trade deal soon, reach understanding on agricultural & dairy products

Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.

Not just AK-203, India & Russia to jointly manufacture AK-19 and PPK-20 for domestic use and export 

India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.

Strategic partner one day, tactical nightmare the next: India’s learning Trumplomacy the hard way

Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.