While entities in UAE are aware of the applicability of CIT Law for the financial years beginning on or after 1 June 2023 and levy of standard rate of 9 per cent on taxable profits above the threshold of Dh375,000, much thought needs to be given to its far-reaching impact beyond tax — on accounting and reporting, IT systems, finance and tax processes, governance, people and wider business.

SEBI reduces ESG disclosure parameters from 800 to 50, enhancing transparency, combating greenwashing, and driving investment in sustainable companies.

GAAP stands for Generally Accepted Accounting Principles, which includes Indian GAAP, Ind AS, IFRS, US GAAP, or any other prescribed accounting framework.

The ESG market will continue to grow and will resemble the IT boom in its pace of expansion.

Anu Chaudhary - Partner, Global Head of ESG Consulting, shares her views on how the growth of ESG consciousness in India governed by a gradual implementation of several laws and regulations is giving ample chances for integration of the ESG agenda with business operations.

Anu Chaudhary - Partner, Global Head of ESG Consulting, shares her views on how Sebi wants to add more teeth to ESG disclosures. She believes that the inclusion of an Indian perspective to certain ESG parameters will help stakeholders get a comprehensive view of how Indian Inc. is tackling ESG-related issues locally.