News for 'Audit Committee'

CAG official says 2G scam loss only Rs 2,645 crore

CAG official says 2G scam loss only Rs 2,645 crore

Rediff.com14 Nov 2011

Former top CAG official R P Singh on Monday appeared before the Joint Parliamentary Committee looking into the 2G spectrum scam and is understood to have stuck to his stand that the presumptive loss in the radiowave allocation was only Rs 2,645 crore (Rs 26.45 billion).

Find out why the FIFA president is fuming...

Find out why the FIFA president is fuming...

Rediff.com5 Jun 2016

FIFA president blasts critics, says salary not decided.

RBI tells Yes Bank to appoint new chief by Feb 1

RBI tells Yes Bank to appoint new chief by Feb 1

Rediff.com17 Oct 2018

The bank's board has already established a search and selection committee comprising three members from the existing nomination and remuneration committee along with two external experts to identify Kapoor's successor.

Authorities take steps to decongest Vaishno Devi after stampede

Authorities take steps to decongest Vaishno Devi after stampede

Rediff.com3 Jan 2022

A high-powered probe committee set up by Lieutenant Governor Manoj Sinha visited the site and appealed to the general public to share videos, statements or any other evidence about the incident.

Trading halt: Why NSE did not switch to disaster recovery site

Trading halt: Why NSE did not switch to disaster recovery site

Rediff.com26 Feb 2021

The country's largest stock bourse NSE on Friday said it stuck to the primary site for carrying out trading on Wednesday and did not switch to the disaster recovery site after a considered view while dealing with telecom connectivity issues which led to the nearly four-hour halt in trading earlier this week. It can be noted that Sebi had asked the exchange, which also trades the highest derivative volumes in the world, as to why it did not switch to the Disaster Recovery (DR) site. "Post shut down of trading on NSE, we considered all the available alternatives on hand including invocation of DR to decide on the course of action that would bring up the market at the earliest with least disruption to market participants and post evaluation, a decision was taken to bring up the systems at the primary site," a statement from NSE said.

Comments by Windies players inappropriate, disrespectful: ICC

Comments by Windies players inappropriate, disrespectful: ICC

Rediff.com25 Apr 2016

The International Cricket Council said that certain comments and actions by some of the West Indies players after clinching the World T20 were "inappropriate, disrespectful and brought the event into disrepute". After clinching the World T20 on April 4 following a thrilling last-over win over England in the finals, West Indies skipper Darren Sammy had launched a scathing attack on West Indies Cricket Board (WICB) in an emotional speech at the Eden Gardens in Kolkata. The ICC, which held its second meeting this year at the ICC Headquarters in Dubai on Sunday, said: "The Board considered the behaviour of some of the West Indies players in the immediate aftermath of the final, and unanimously agreed that certain comments and actions were inappropriate, disrespectful and brought the event into disrepute. "The Board acknowledged an apology by the WICB but was disappointed to note that such behaviour had detracted from the success of what was otherwise a magnificent tournament and final," it added.

CWG: Auditors fear bonfire of papers

CWG: Auditors fear bonfire of papers

Rediff.com22 Nov 2010

The day after the closing ceremony, the Prime Minister's Office had asked the OC to make sure all documents were kept safe.

Gorakhpur tragedy: Inquiry blames oxygen supply firm, silent on cause of death

Gorakhpur tragedy: Inquiry blames oxygen supply firm, silent on cause of death

Rediff.com17 Aug 2017

However, chief medical officer Dr Ravindra Kumar, part of the panel, said that the deaths were not due to lack of oxygen.

'Government is selling people's trust in LIC'

'Government is selling people's trust in LIC'

Rediff.com17 Feb 2022

'The entire value of LIC is created by its shareholders because after the initial invest net of Rs 5 crores in 1956, the government has not given any additional capital to the LIC.' 'If the corporation has expanded and emerged as the biggest financial institution in the country, it is only because of the policyholders.'

Russian federation chief resigns amid new doping row

Russian federation chief resigns amid new doping row

Rediff.com13 Jul 2020

The federation's troubles have piled up in recent months, with some of its officials and senior coaches having found themselves embroiled in doping scandals.

'Mumbai is sitting on a firebomb'

'Mumbai is sitting on a firebomb'

Rediff.com14 Jun 2018

'In the last six years, there have been 29,140 fire incidents in Mumbai in which 300 people have died and 925 people have been injured.' 'So, at least 10 to 12 fire accidents take place in Mumbai every day.'

Deloitte Haskins to probe BoR's accounts

Deloitte Haskins to probe BoR's accounts

Rediff.com8 Mar 2010

The Reserve Bank of India has ordered a special audit of private sector lender Bank of Rajasthan's accounts, suspecting violation of operational norms by the lender, including transparency in lending.

When it comes to CSR spending, one in three BSE 100 firms is a laggard

When it comes to CSR spending, one in three BSE 100 firms is a laggard

Rediff.com9 Mar 2018

Corporate affairs ministry sending notices seeking details of fund disbursal

Brokerages face Sebi fire in NSEL scam

Brokerages face Sebi fire in NSEL scam

Rediff.com7 Jun 2016

Sebi on April 4 gave the brokerages 60 days to have their books vetted by third-party auditors.

Railways dismisses reports of data leak from IRCTC website

Railways dismisses reports of data leak from IRCTC website

Rediff.com5 May 2016

There is no hacking nor any leakage of IRCTC ticketing website and everything is safe, railway board member (Traffic) Mohd Jamshed told PTI.

Why Bihar under-reports Covid death toll

Why Bihar under-reports Covid death toll

Rediff.com12 Jun 2021

Covid deaths at home, on the way to hospital or in private centres are not being counted in Bihar's official list of dead.

YK Sinha appointed as chief info commissioner along with 3 ICs

YK Sinha appointed as chief info commissioner along with 3 ICs

Rediff.com7 Nov 2020

Yashvardhan Kumar Sinha was appointed as the chief information commissioner on Saturday, according to a Rashtrapati Bhavan statement.

Facebook faces heat of Oppn parties over hate content

Facebook faces heat of Oppn parties over hate content

Rediff.com18 Aug 2020

The Congress claimed that Facebook has different rules for different countries and "that is not acceptable".

FIFA mess: Official charged with fraud, money-laundering

FIFA mess: Official charged with fraud, money-laundering

Rediff.com21 Nov 2014

A member of the financial watchdog committee at soccer's ruling body FIFA has been charged with fraud, money-laundering and breach of trust by police in the Cayman Islands.

How the Muzaffarpur sex scandal was unearthed

How the Muzaffarpur sex scandal was unearthed

Rediff.com2 Aug 2018

'Nobody in our team had any idea that these things will come out.' 'We need to do a social audit of all the shelter homes across the country.'

NSE co-location case: Probe shifts towards money trail, illicit gains

NSE co-location case: Probe shifts towards money trail, illicit gains

Rediff.com21 Feb 2022

As a multi-agency probe into the NSE case gathers pace, the grant of preferential server and data access to select brokers and their suspected misuse are being investigated threadbare to unveil all quid pro quo arrangements in a highly-sophisticated scheme that worked like a cricket betting scandal, officials said on Monday. While the bourse has said it has taken several steps over the years to strengthen its technology infrastructure, including as per regulatory orders, the officials said certain fresh disclosures call for a detailed probe into whether a select group of individuals in high positions had banded together to make illicit gains by facilitating the preferential trading slots, beginning over a decade ago. Even a split-second faster access is said to result in huge gains for a trader.

Foreign auditors under lens

Foreign auditors under lens

Rediff.com4 Jun 2003

Vice chiefs get free hand to boost security at terror targets

Vice chiefs get free hand to boost security at terror targets

Rediff.com28 Jul 2017

"In an unprecedented move, the ministry of defence (MoD) has decided to delegate substantial financial powers to the Armed Forces for undertaking works for perimeter security of sensitive military installations," the ministry said in a statement.

Panel to examine fiscal, debt situation likely

Panel to examine fiscal, debt situation likely

Rediff.com7 Feb 2020

The panel may include or seek inputs from former RBI Governor Urjit Patel, former chief economic advisor Arvind Subramanian, Sajjid Chinoy of the PM-EAC, Rathin Roy, among others.

Nearly 100 tenders pending as BCCI top brass under fire

Nearly 100 tenders pending as BCCI top brass under fire

Rediff.com21 Nov 2016

With the Lodha Committee seeking direction from the Supreme Court on appointment of former Union Home Secretary GK Pillai as observer to "guide" BCCI, the top brass of the board are unaware as to how the process of awarding nearly 100 pending tenders will be carried out.

SC refuses to entertain PIL challenging CAG appointment

SC refuses to entertain PIL challenging CAG appointment

Rediff.com15 Jul 2013

The Supreme Court on Monday refused to entertain a Public Interest Litigation challenging the appointment of Shashi Kant Sharma as the Comptroller and Auditor General of India.

Mahabharat's 'Bheem' Sobti made Indian sports history

Mahabharat's 'Bheem' Sobti made Indian sports history

Rediff.com8 Feb 2022

Playing the character of Bheem in the blockbuster TV series Mahabharat made him a household name but much before that, Praveen Kumar Sobti was an athlete par excellence and remains India's first and only hammer throw medal winner at the Commonwealth Games.

Satyam: Guilty CAs could be barred for life

Satyam: Guilty CAs could be barred for life

Rediff.com8 Jan 2009

In fact, the ministry of corporate affairs announced that role of directors and auditors at Satyam will be scanned by ICAI and the apex body of company secretaries.

ICAI to showcause two PwC auditors

ICAI to showcause two PwC auditors

Rediff.com9 Feb 2011

The Institute of Chartered Accountants of India (ICAI) is likely to take disciplinary action against two Pricewaterhouse Coopers (PwC) auditors who were involved in auditing the account books of erstwhile Satyam Computers.

M M Joshi reappointed PAC chairperson

M M Joshi reappointed PAC chairperson

Rediff.com1 May 2011

Joshi was again nominated by his party following which Lok Sabha Speaker Meira Kumar has reappointed him as chairman of PAC which is responsible for conducting the financial audit of various departments and ministries.

BharatPe: 'Why should I resign?'

BharatPe: 'Why should I resign?'

Rediff.com12 Apr 2022

'At the first board meeting I chaired, I sensed that corporate governance is an issue in this company.' 'I started taking steps that may have aggrieved a few.' 'This has now become a mission I intend to accomplish before I step down.'

6 dead, 31 injured as foot overbridge collapses in Mumbai

6 dead, 31 injured as foot overbridge collapses in Mumbai

Rediff.com15 Mar 2019

Maharashtra CM said a high-level committee will probe the circumstances under which the 40-year-old overbridge collapsed.

FIFA's Blatter is still being paid his salary despite ban

FIFA's Blatter is still being paid his salary despite ban

Rediff.com19 Jan 2016

FIFA's Sepp Blatter may have been banned for eight years from the game but he is still receiving his president's salary from world soccer's governing body, a spokesman for FIFA's Audit and Compliance Committee told Reuters on Monday.

Why independent directors go for the escape hatch

Why independent directors go for the escape hatch

Rediff.com2 Dec 2018

'Today, according to the law, you can't even claim legal expenses when fighting a case as a non-executive director unless you are acquitted. Given how high legal expenses are, that alone is enough to scare anyone away.'

Mid-Day Meal is now PM POSHAN, to cover pre-primary students

Mid-Day Meal is now PM POSHAN, to cover pre-primary students

Rediff.com30 Sep 2021

The Union cabinet on Wednesday approved the roll-out of the 'PM POSHAN in Schools' scheme that will provide hot cooked meal to students of elementary classes in government and government-aided schools across the country.

IDBI Bank MD M K Jain appointed RBI Deputy Governor

IDBI Bank MD M K Jain appointed RBI Deputy Governor

Rediff.com4 Jun 2018

As per the RBI Act, the central bank should have four deputy governors - two from within the ranks and one commercial banker and the fourth one an economist to head the monetary policy department.

CBI told to use director identification number in notices to bankers

CBI told to use director identification number in notices to bankers

Rediff.com29 Dec 2019

This, said Sitharaman, would remove the possibility of unauthorised communication "and consequent harassment", which was a cause of concern for bankers.

Vinod Rai to be new CAG

Vinod Rai to be new CAG

Rediff.com17 Dec 2007

His appointment will be effective from the date he assumes charge of his office, an official statement said on Monday. An Indian Administrative Service officer of Kerala cadre, 1972 batch, Rai will take over from V N Kaul.