Pakistani students continue to make the country proud by impressing the world with their excellent exam performance in the global professional accountancy
Sharper contraction of India s GDP expected in FY21
By IANS |
Published on
Wed, Feb 10 2021 20:42 IST |
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India s FY21 GDP now expected to contract by 7.8%: Ind-Ra. Image Source: IANS News
New Delhi, Feb 10 : The Indian economy is likely to witness a sharper contraction in the current fiscal as the Global Economic Conditions Survey shows that it is likely to contract by around 10 per cent, higher than the official estimates.
Official estimates project a contraction of around 7 per cent in FY21.
The survey, conducted by the Association of Chartered Certified Accountants and the Institute of Management Accountants, noted that South Asia has been hit hard by the pandemic as economies reliant on services and tourism are prevalent in the region.
•NASME advocates business support services
•Formal education not same as financial literacy BoI
By Yinka Kolawole
Nigeria’s hope of quick recovery from recession and significant increase in economic growth is under threat from micro, small and medium enterprises (MSMEs) sector which accounts for 48 percent of the nation’s Gross Domestic Product (GDP), as 33.6 million small businesses (62 percent) struggle with the challenge of poor financial literacy.
Nigeria has about 41 million MSMEs which are businesses with less than N100 million annual turnover.
These businesses however contribute about 48% of the nation’s Gross Domestic Product (GDP), accounting for 96% of businesses and 84% of employment in Nigeria.
Published on: Saturday, February 06, 2021
By: Bernama
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SHAH ALAM: Two Universiti Teknologi Mara (UiTM) students, from the Faculty of Accountancy, have achieve excellence by being listed among the top 10 in the world in The Association of Chartered Certified Accountants (ACCA) and Certified Accounting Technician (CAT) examinations last December.
In a statement Friday, UiTM said the two students are Fatin Najwa Azman, 22, a fifth-semester student of the ACCA programme and Putera Aiman Abdul Rashid, 19, a final-semester student of the CAT programme.
Fatin Najwa won first place in Malaysia and ninth in the world for the Audit and Assurance examination while Putera Aiman earned first place in Malaysia and second place in the world for the Maintaining Financial Records (FA2) examination.