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The Governor of the Reserve Bank of India (RBI) Shaktikanta Das warned on Sunday that depositors should be careful when chasing high returns, as this comes with greater risks. Noting that depositors themselves need to be very picky, he said it is important to remember that higher returns or higher interest rates are usually associated with higher risks.

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Strengthening supervision requires companies not only to be accurate when complying with regulations, but also to proactively identify potential risks and be able to mitigate them. Not only must companies provide accurate information related to business income and taxes paid, correct invoice matching and accurate ITC claims have also become necessary compliance for companies. To ensure compliance, it is important for companies to explore how technology can help them stay ahead. The consistency and accuracy of these data provide auditors with a single source of truth, and the coordinated data makes the CFO's work easier and easier.

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