Tax relief for companies, higher income groups to pay more Nirmala Sitharaman presents her first Fiscal Statement to Parliament Venkat Raman India’s Finance Minister Nirmala Sitharaman presented to Parliament in New Delhi on Friday, July 5, 2019 a populist Budget 2019-2020, with a promise to ‘Build a Better India,’ with a vision to turn it into a US$ 5 trillion…
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NVR Swami India looks forward to a US$ 5 trillion economy in five years with a sustained Gross Domestic Product (GDP) growth of 8%. Exuding confidence in presenting her first budget as Finance Minister, Nirmala Sitharaman said that economic growth was high on the agenda of the right-wing Bharatiya Janata Party (BJP) government which returned with a massive majority in…
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Suzanne Snively New revelations about the conduct of ANZ New Zealand Bank’s Chief Executive Officer David Hisco have emerged almost daily since the end of May. While its Australian parent bank was caught out for inappropriate conduct by last year’s Hayne Review, it looked like ANZ New Zealand might be different. Sadly, it appears ANZ New Zealand’s conduct has been…
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Brendan Richardson The IT landscape, along with business, has changed dramatically since PC King was launched in Auckland in 1992. Technology was then expensive and very complicated to use. While prices have dropped, and software has become easier to use, with the growth of the internet, and your daily reliance on it, a new threat to IT and business continuity…
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Professor Roger Willett Recent articles in the business press have commented on the refusal of the large New Zealand audit firms to share the results of a review of their audit work by the Financial Markets Authority (FMA). They raise the question of whether there is sufficient transparency to protect the interests of investors and other users of the audited…
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Sourced Content The Reserve Bank of New Zealand (RBNZ) has refreshed its strategy for using Macroprudential Policy six years after its implementation. At a Conference hosted by Otago University, Deputy Governor Geoff Bascand said, “Financial stability is important for the wellbeing of New Zealanders, and Macroprudential Policy is a key line of defence for safeguarding financial stability. Our refreshed strategy…
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Supplied Content Auckland Mayor Phil Goff has announced that bus, train and ferry fares will be reduced to school children in the City from the next term of the Auckland Council. In a Statement issued this morning, he said that the new fares for children will be about 50% of those charged for adults. He issued the following Statement: Reducing…
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Kanwaljit Singh Bakshi The number of taxes this Government is heaping onto Kiwis, flies in the face of its claim to be the most kind and caring yet. When you add all the new taxes and take into consideration the cancelled tax relief, Kiwi families are looking at $7000 out of their pockets over four years. That does nothing to…
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Peter Dunne A recent prominent National politician had the so-called Serenity Prayer penned by American Philosopher Reinhold Niebuhr, “God, grant me the serenity to accept the things I cannot change, Courage to change the things I can, And wisdom to know the difference” displayed on a plaque on his office wall. It always struck me that the quotation was as…
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Venkat Raman Collective responsibility, modernisation of governance, a new Board of Directors, move towards a classless society and a more robust deposit taker regime are among the issues currently being addressed by the Reserve Bank of New Zealand (RBNZ). Governor Adrian Orr said that RBNZ will have a Corporate Board on the success of the model operating in the public…
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