ISO Certification & Advisory | FEMA Compliance Service in India

ISO Certification is proof that your management system complies with an ISO standard beneficial to your business, your clients, and your team. Certification proves your company’s credibility in tenders and instills confidence that your promises will be kept.

 

By having a management system that meets international standards, you tell your customers that you are serious about meeting their needs.

 

Common benefits across certifications include:

 

• Widened market potential
• Compliance with Government tender requirements
• Improved efficiency and cost savings
• Higher levels of customer service and satisfaction
• Heightened staff morale, motivation, and engagement
• ISO Certification is the best way to declare the quality of your working system among your customers and other stakeholders.

 

ISO certifications show your key stakeholders that you have a well-run business that has structure, is stable, and ready for growth. Each ISO standard has its own benefits, for example:

 

• ISO 9001 helps put your customers first
• ISO 27001 protects your systems, data, and reputation
• ISO 14001 reduces your environmental impact
• ISO 45001 helps you protect your people

 

ISO 22301 protects your business from disruption Common benefits across all ISO standards includes:

 

• Increased efficiency
• Reduced costs
• Improved customer satisfaction
• More engaged employees
• Reduced risks
• Reduced insurance premiums
• Helps with tendering

 

ISO 9001 specifies the requirements for a quality management system and is the only family standard that can be certified to (although this is not a requirement). Any organization, large or small, regardless of its field of activity, can use it. In reality, ISO 9001 certification is held by over one million businesses and organizations in over 170 countries.

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RBI Monetary Policy: Repo Rate remains at 4 percent | TDS Compliances Services

During the Reserve Bank of India’s Monetary Policy Committee today, the Reserve Bank of India (RBI) Governor Shaktikanta Das today decided to keep the repo rate unchanged at 4 per cent. RBI’s monetary policy committee voted unanimously to maintain the repo rates intact as they found it necessary to support growth. Repo Rate is the key interest rate at which the RBI lends money to commercial banks.

Besides, the reverse repo rate remains intact at 3.35%, Marginal Standing Facility Rate and Bank Rate at 4.25%, as announced during the RBI MPC. While announcing the monetary policy review Das also maintained the Gross Domestic Product (GDP) at 9.5 per cent for FY22.

 

However, citing inflation concerns, the regulator increased the CPI inflation estimate to 5.7 per cent from 5.1 per cent.

 

Experts’ reaction to RBI Monetary Policy Committee Announcements:

 

Venkatraman Venkateswaran, Group President & CFO, Federal Bank Ltd

 

The very clear message from RBI comes as a continuation to the commencement of normalisation about a month back. The 10-year bond yields have moved from 6% to 6.20% in the last two months. The extension of the liquidity facility won’t make much of a difference in the present situation, given the fact that banks still have not fully utilised the existing limits. Liquidity thus is not a matter of concern at this point. Credit off-take is still tepid. Accommodating & supporting growth is crucial and so has RBI prioritised growth over inflation. Gradual & steady calibrated liquidity withdrawals would continue.

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