News for 'Audit Committee'

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'.

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'.

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.

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.

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.

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.

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.

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.

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.

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 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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Sebi brings in stricter disclosure norms for IPO-bound companies

Sebi brings in stricter disclosure norms for IPO-bound companies

Rediff.com4 Mar 2025

The Securities and Exchange Board of India (Sebi) has introduced stricter Key Performance Indicator (KPI) disclosures for initial public offers (IPOs). These new standards, developed in collaboration with industry associations, aim to enhance transparency and provide investors with a clearer understanding of a company's valuation and business performance.

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.

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.

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.'

Tax forms for charitable institutions set for overhaul

Tax forms for charitable institutions set for overhaul

Rediff.com4 Dec 2025

As the new Income Tax (I-T) Act, 2025 moves towards implementation from April 1, 2026, the finance ministry is reviewing and simplifying the compliance forms used by charitable institutions. Debjyoti Das, principal chief commissioner of income tax (exemption), said the new Act has already reorganised exemption provisions into a clearer and more coherent structure, and the accompanying procedures and forms are now being examined.

Budget 2026: Time To Fix The Weak Link In R&D Ecosystem

Budget 2026: Time To Fix The Weak Link In R&D Ecosystem

Rediff.com31 Jan 2026

Restoring weighted tax deductions and adopting a petty patents regime can foster firm-level innovative activity critical for competitiveness, points out Nagesh Kumar.

Sabarimala gold row: Oppn seeks audit of temple assets, probe into thefts

Sabarimala gold row: Oppn seeks audit of temple assets, probe into thefts

Rediff.com3 Oct 2025

A controversy surrounding the gold-clad plates of the Dwarapalaka idols at Sabarimala temple has ignited a political row in Kerala, with opposition parties alleging theft and demanding a comprehensive investigation into temple inventories and the role of a sponsor in the replating process.

Only 17% of boards play active role in shaping company strategy: ISB survey

Only 17% of boards play active role in shaping company strategy: ISB survey

Rediff.com5 Jan 2026

Only 17 per cent of boards play an active role in shaping company strategy, said a survey by the Indian School of Business (ISB). According to the survey, 83 per cent of the boards remain passive, playing no active role in the company's management.

Indore water tragedy: Rahul meets patients, victims' families

Indore water tragedy: Rahul meets patients, victims' families

Rediff.com17 Jan 2026

'This is the urban model. This isn't just about Indore. This is happening in cities across the country'

Infosys takes whistleblower complaint to audit panel

Infosys takes whistleblower complaint to audit panel

Rediff.com21 Oct 2019

According to reports, an anonymous group that calls itself "ethical employees" have written to the Infosys Board as well as American regulator US Securities and Exchange Commission with the allegations. They have claimed that they have emails and voice recordings to substantiate the same.

Interpol issues Blue Notice for two Goa nightclub owners

Interpol issues Blue Notice for two Goa nightclub owners

Rediff.com9 Dec 2025

Interpol has issued a Blue Notice against the owners of a Goa nightclub who fled after a fire claimed 25 lives. Police are investigating violations and illegalities related to the nightclub's operation.

Feud in Godfrey Phillips: Samir Modi files FIR against mother Bina

Feud in Godfrey Phillips: Samir Modi files FIR against mother Bina

Rediff.com4 Jun 2024

Godfrey Phillips executive director Samir Modi has lodged an FIR in New Delhi's Sarita Vihar police station, alleging that her mother Bina Modi and Lalit Bhasin, one of the company's board members, orchestrated an assault on him during the board meeting. It further exacerbated the ongoing feud among the late KK Modi's family members over the distribution of the Rs 12,000 crore inheritance. Bina is also the director of Godfrey Phillips.

GST 2.0: India's Answer To Trump's Tariffs

GST 2.0: India's Answer To Trump's Tariffs

Rediff.com4 Sep 2025

Simplifying GST rates, removing exemptions, easing disputes, and speeding up refunds can boost investment in India and offer the best reply to Trump's tariffs, observes V S Krishnan, former member, Central Board of Indirect Taxes and Customs.

After CEO exit, RBI okays IndusIndexecutives' panel to run the show

After CEO exit, RBI okays IndusIndexecutives' panel to run the show

Rediff.com1 May 2025

The Reserve Bank of India (RBI) has approved IndusInd Bank's request to form an executive committee to discharge the duties and responsibilities of the chief executive officer (CEO) for a period of maximum three months or till a new CEO takes charge, whichever is earlier.

India Activates Digital Privacy Law

India Activates Digital Privacy Law

Rediff.com15 Nov 2025

The new rules allow for a staggered implementation road map, giving companies, data fiduciaries, data principals, and other stakeholders up to 18 months to comply with the administrative guidelines under the DPDP Act.

25 killed as Goa club blaze turns weekend bash into horror

25 killed as Goa club blaze turns weekend bash into horror

Rediff.com7 Dec 2025

A jampacked nightclub in North Goa turned into a death trap around midnight as a massive fire tore through it, claiming 25 lives and bringing to the fore illegalities along with the laxity of government officials in enforcing rules.