News for 'Audit Committee'

NCW mandates annual POSH audits to strengthen women's workplace safety

NCW mandates annual POSH audits to strengthen women's workplace safety

Rediff.com5 days ago

The National Commission for Women (NCW) has issued a comprehensive advisory to all states and Union Territories, recommending mandatory annual POSH audits and other measures to strengthen the implementation of the Sexual Harassment of Women at Workplace (Prevention, Prohibition and Redressal) Act, 2013. The advisory aims to ensure safe, inclusive, and gender-sensitive working environments for women across all sectors, emphasising institutional accountability, proper committee constitution, and robust awareness programmes.

Why audit committees need strengthening

Why audit committees need strengthening

Rediff.com23 Mar 2009

Audit is being questioned by investors. Subhiksha is an example. In the case of Siemens India, institutional investors questioned the valuation in a deal involving the sale of Siemens Information Systems to German parent Siemens AG. This shows the low level of investor confidence in the corporate governance system. The audit committee mechanisms need strengthening.

Audit Flags Irregularities At Delhi Medical Council

Audit Flags Irregularities At Delhi Medical Council

Rediff.com15 May 2026

The Delhi government's Health Department has received an audit report highlighting alleged financial and administrative irregularities within the Delhi Medical Council (DMC) between 2019 and 2025.

Platini Launches Legal Action Against FIFA, Infantino Over 2015 Corruption Allegations

Platini Launches Legal Action Against FIFA, Infantino Over 2015 Corruption Allegations

Rediff.com9 Jun 2026

Former UEFA president Michel Platini has initiated civil and criminal legal proceedings in France against FIFA and its current president Gianni Infantino.

Public Sector Banks Face Boardroom Vacancies

Public Sector Banks Face Boardroom Vacancies

Rediff.com6 May 2026

In the draft norms issued last month, the RBI said that the ultimate responsibility for the bank's performance, conduct and control rests with the Board

Audit committee heads may not get protection

Audit committee heads may not get protection

Rediff.com12 Jul 2010

Ministry of Corporate Affairs suggests overhaul of rules for independent directors.

Himachal Pradesh Police to Audit POSH Act Implementation

Himachal Pradesh Police to Audit POSH Act Implementation

Rediff.com2 Mar 2026

Himachal Pradesh DGP Ashok Tiwari has ordered a comprehensive audit of the POSH Act implementation across all police units in the state, focusing on the proper constitution and effective functioning of Internal Complaints Committees.

UP govt forms SIT to probe Ram Temple donation controversy

UP govt forms SIT to probe Ram Temple donation controversy

Rediff.com13 Jun 2026

The Uttar Pradesh government has formed a three-member Special Investigation Team (SIT) to probe allegations of financial mismanagement and missing donations related to the Shri Ram Janmabhoomi Teerth Kshetra Trust in Ayodhya. The move follows a request from the Trust itself, amidst escalating political demands for transparency from various parties including the Samajwadi Party and Congress.

HDFC Bank Shares Fall After Report Alleges 'Camouflaged' Payments To MSRDC

HDFC Bank Shares Fall After Report Alleges 'Camouflaged' Payments To MSRDC

Rediff.com27 May 2026

HDFC Bank's shares experienced a dip on Wednesday after a newspaper report alleged that the bank made illegal payments to the Maharashtra State Road Development Corporation to secure large deposits, raising concerns about corporate governance.

Equestrian Federation Governance Reforms Face Lengthy Delays

Equestrian Federation Governance Reforms Face Lengthy Delays

Rediff.com21 May 2026

The Ad-Hoc Committee appointed to run the Equestrian Federation of India (EFI) has informed the Delhi High Court that governance reforms and elections may take longer than initially planned. The committee cited statutory requirements under the new sports law and delays in gaining full control of the federation as reasons for the extended timeline.

Purav Raja Demands Accountability In Indian Tennis Administration

Purav Raja Demands Accountability In Indian Tennis Administration

Rediff.com28 May 2026

Former India doubles player Purav Raja has called for a complete clean-up of Indian tennis administration, emphasising the need for accountability and transparency at all levels. He also questioned the eligibility of some office-bearers in the 2024 elections.

SC Sets Boundaries for Court AI

SC Sets Boundaries for Court AI

Rediff.com5 Jun 2026

If AI-generated material is found to be 'false, fabricated, misleading or inaccurate', the person filing it will be accountable and cannot cite the AI-generated nature of the material as a defence.

SC releases draft regulations on use of AI in courts

SC releases draft regulations on use of AI in courts

Rediff.com4 Jun 2026

The draft regulations for use of AI in courts 'shall apply to the use, deployment, or integration of AI in any judicial, adjudicatory or administrative function of the Supreme Court of India, high courts, and all courts including the Tribunals and statutory Commissions performing adjudicatory functions, within the territory of India'.

Centre notifies draft rules for VB-G RAM G rollout

Centre notifies draft rules for VB-G RAM G rollout

Rediff.com23 May 2026

The Centre has notified draft rules for the Viksit Bharat - Guarantee for Rozgar and Ajeevika Mission (Gramin) Act, 2025, outlining the framework for the new rural employment programme replacing MGNREGA. The draft rules are open for public feedback until June 21, 2026.

Odisha forest department buys Mahindra Thars from disaster fund, finds CAG

Odisha forest department buys Mahindra Thars from disaster fund, finds CAG

Rediff.com20 Apr 2026

A special audit by the Comptroller and Auditor General (CAG) has revealed that Odisha's forest and environment department sidestepped central guidelines, procuring and customising Mahindra Thar SUVs worth 17 crore from the State Disaster Response Fund (SDRF) for forest protection, despite the funds being earmarked for 'preparedness and capacity building'.

Sebi May Allow Salary In MFs

Sebi May Allow Salary In MFs

Rediff.com21 May 2026

Investments under the framework would remain voluntary for employees.

Corporate India's Conduct Conundrum: Bridging Policy and Practice

Corporate India's Conduct Conundrum: Bridging Policy and Practice

Rediff.com30 Apr 2026

Recent controversies at major IT firms like TCS and Infosys have highlighted a persistent gap between workplace conduct policies and their implementation in corporate India. While companies assert zero tolerance for harassment and discrimination, employees and experts point to uneven enforcement and the need to embed ethical behaviour into organisational culture.

Corporate India's Conduct Conundrum: Bridging Policy and Practice

Corporate India's Conduct Conundrum: Bridging Policy and Practice

Rediff.com29 Apr 2026

Recent controversies at major IT firms like TCS and Infosys have highlighted a persistent gap between workplace conduct policies and their implementation in corporate India. While companies assert zero tolerance for harassment and discrimination, employees and experts point to uneven enforcement and the need to embed ethical behaviour into organisational culture.

Government okays Rs 10,000 cr jet fuel fund for airlines

Government okays Rs 10,000 cr jet fuel fund for airlines

Rediff.com4 Jun 2026

The support will be provided to oil-marketing companies (OMCs) in the form of interest-free advances through the ministry of petroleum and natural gas. The OMCs, in turn, will use the fund to provide ATF price stabilisation support to Indian carriers operating domestic and international flights.

Why Yes Bank audit committee chief quit

Why Yes Bank audit committee chief quit

Rediff.com13 Jan 2020

Uttam Prakash Agarwal alleged that Citax and Braich offers were incomplete and did not include firm commitment as to the price, size, timings, confirmation from the banks about availability of the funds.

Pradhan, Rahul Gandhi engage in public spat over CBSE exam row

Pradhan, Rahul Gandhi engage in public spat over CBSE exam row

Rediff.com28 May 2026

Education Minister Dharmendra Pradhan and Rahul Gandhi have engaged in a public dispute over alleged irregularities in the CBSE exam system, with Gandhi demanding an independent probe and Pradhan accusing Gandhi of politicising the issue.

IDFC First bank flags Rs 590 crore fraud in Haryana govt accounts

IDFC First bank flags Rs 590 crore fraud in Haryana govt accounts

Rediff.com22 Feb 2026

IDFC First Bank reported a Rs 590 crore fraud involving its employees and others in accounts held by the Haryana government. The bank has informed regulators and filed a police complaint, initiating internal reviews and forensic audits.

Why Were 3 HDFC Executives Asked To Leave?

Why Were 3 HDFC Executives Asked To Leave?

Rediff.com21 Mar 2026

The controversy involves mis-selling Credit Suisse AT-I bonds to NRIs as fixed-maturity instruments, later written off after collapse.

How Did a 590 Crore Fraud Go Undetected At IDFC First Bank?

How Did a 590 Crore Fraud Go Undetected At IDFC First Bank?

Rediff.com23 Feb 2026

The quantum of fraud detected by the bank is more than the 503 crore net profit it reported for the October-December quarter of 2025-2026.

DGCA Gets New Chief After Turbulent Year

DGCA Gets New Chief After Turbulent Year

Rediff.com1 Apr 2026

Events from mid-2025 to early 2026 exposed deeper systemic concerns for India's aviation safety architecture.

How IoT is going to change India's audit ecosystem

How IoT is going to change India's audit ecosystem

Rediff.com12 Sep 2025

The International Organisation of Supreme Audit Institutions (INTOSAI) has adopted the 2026-28 Work Plan, which prioritises cybersecurity audits and remote audits using Internet of Things technologies, CAG said in a release on Friday. The work plan was adopted at the 34th Annual Meeting of INTOSAI Working Group on IT Audit (WGITA), which was held along with the 17th Steering Committee Meeting of the INTOSAI Knowledge Sharing Committee (KSC) in Hyderabad.

CAG to conduct pan-India audit on ease of doing biz for MSMEs

CAG to conduct pan-India audit on ease of doing biz for MSMEs

Rediff.com20 Nov 2025

The Comptroller and Auditor General of India (CAG) has launched an integrated audit across 32 states and Union Territories to assess the ease of doing business for the micro, small and medium enterprise (MSME) sector.

Jharkhand Parties Demand Pay For Police Amid Treasury Scam

Jharkhand Parties Demand Pay For Police Amid Treasury Scam

Rediff.com28 Apr 2026

Opposition parties in Jharkhand are demanding the release of salaries for police personnel, which have been withheld following the discovery of irregularities in treasury funds across several districts. The police association claims that over 70,000 personnel have not been paid since March, prompting calls for a thorough investigation and prompt action from the state government.

Delhi Assembly Session Ends with Legislative Business, Speaker Voices Concerns Over Opposition Conduct

Delhi Assembly Session Ends with Legislative Business, Speaker Voices Concerns Over Opposition Conduct

Rediff.com30 Mar 2026

The budget session of the Delhi Assembly concluded with over 15 hours of legislative business. Speaker Vijender Gupta voiced concerns over the opposition's conduct during the session.

CAG Report Exposes Overcrowding and Poor Facilities in Punjab Prisons

CAG Report Exposes Overcrowding and Poor Facilities in Punjab Prisons

Rediff.com17 Mar 2026

A Comptroller and Auditor General of India (CAG) report has revealed significant issues within Punjab's jail system, including overcrowding, inadequate infrastructure, and poor medical facilities.

IPL 2026: Safety red flag puts Jaipur matches at risk

IPL 2026: Safety red flag puts Jaipur matches at risk

Rediff.com17 Feb 2026

Rajasthan Royals are seeking an indemnity waiver from the Rajasthan government to host IPL matches in Jaipur due to safety concerns raised about the Sawai Mansingh Stadium.

T20 WC: More drama as Bangladesh explore last option

T20 WC: More drama as Bangladesh explore last option

Rediff.com23 Jan 2026

Bangladesh's appeal to the ICC Dispute Resolution Committee against hosting T20 World Cup matches in India cannot be heard under ICC rules, with Scotland kept on standby as a possible replacement team.

Reliance on MNCs for strategic audits and consulting must be reduced: MCA

Reliance on MNCs for strategic audits and consulting must be reduced: MCA

Rediff.com25 Sep 2025

India needs to limit its reliance on multinational corporations (MNCs) for strategic audits and consulting in order to strengthen its economic sovereignty and achieve the goal of Atmanirbhar Bharat, the Ministry of Corporate Affairs (MCA) said in an office memorandum released on Wednesday.

Railways Criticised For Train Speeds, Fares

Railways Criticised For Train Speeds, Fares

Rediff.com6 Feb 2026

A parliamentary committee has criticized Indian Railways for slow train speeds, discrepancies in 'superfast' fares and inadequate punctuality standards.

Goa nightclub fire: Owners denied relief, MEA may revoke passports

Goa nightclub fire: Owners denied relief, MEA may revoke passports

Rediff.com11 Dec 2025

A Delhi court on Wednesday refused to give any interim protection from arrest to Saurabh and Gaurav Luthra, owners of the ill-fated Goa nightclub who fled to Thailand, as their partner was held in connection with the fire incident that killed 25 people last weekend.

Sharad Pawar's party sees red over audit of sugar funds

Sharad Pawar's party sees red over audit of sugar funds

Rediff.com28 Oct 2025

The Maharashtra government has requested information regarding the utilization of funds by the Vasantdada Sugar Institute (VSI), led by Sharad Pawar, prompting criticism from the NCP (SP). The government insists it's a routine process, while the opposition alleges political targeting.

Indore deaths possibly linked to water contamination, MP govt tells HC

Indore deaths possibly linked to water contamination, MP govt tells HC

Rediff.com28 Jan 2026

The Madhya Pradesh government informed the High Court that deaths in Indore's Bhagirathpura area may be linked to contaminated drinking water, prompting concerns and legal action.

Govt nods VIL package; freezes AGR dues at Rs 87,695 cr

Govt nods VIL package; freezes AGR dues at Rs 87,695 cr

Rediff.com31 Dec 2025

The Union Cabinet on Wednesday approved a relief package for debt-laden Vodafone Idea, freezing the AGR (Adjusted Gross Revenue) dues at Rs 87,695 crore and rescheduling the payment from FY32 to FY41, according to sources.

Highlights of Union Budget 2026-27

Highlights of Union Budget 2026-27

Rediff.com1 Feb 2026

Highlights of Union Budget 2026-27

UGC 2026: 'No One Is Being Criminalised'

UGC 2026: 'No One Is Being Criminalised'

Rediff.com2 Feb 2026

'Once the actual scope is understood, it becomes evident that the framework is about internal redress and course correction, and in no way criminalisation.'