CA B K Goyal & Co LLP
Chartered Accountants

May 18, 2024

Mid-year Update Report on the Global Economic Situation and Prospects for 2024

Aspect Description Global Economic Growth Projection Predicted at 2.7% for 2024, up from the previous 2.4% forecast. India’s Growth Outlook Expected growth rates of 6.9% in 2024 and 6.6% in 2025. Role of Technological Breakthroughs Advancements in critical mineral processing offer new economic growth opportunities. Critical Minerals Definition Essential metallic or non-metallic elements for economic […]

Concerns over functioning of Asset Reconstruction Companies (ARCs)

Asset Reconstruction Companies (ARCs) are specialized financial entities established under Section 3 of the SARFAESI Act, 2002, with the primary objective of acquiring and managing distressed assets from banks and financial institutions. However, recent scrutiny by the Reserve Bank of India (RBI) has unearthed several supervisory concerns regarding the functioning of ARCs, discussed during a conference themed