News for 'Audit Committee'

Cricket Buzz: England told to stay vigilant amid Lanka political crisis

Cricket Buzz: England told to stay vigilant amid Lanka political crisis

Rediff.com30 Oct 2018

England, who have won both the one-day and Twenty20 series against Sri Lanka, play a two-day practice match in Colombo before heading to Galle which hosts the first of the three Test matches from November 6.

Will Jet Airways manage to get enough airport slots?

Will Jet Airways manage to get enough airport slots?

Rediff.com8 Jul 2021

As and when Jet Airways applies for slots, these would be allocated among all airlines according to guidelines, without any claim of historicity in favour of any airline. Slots would be given to Jet only from the available remaining pool.

Ex-IOC official Carrard to head FIFA reform task force

Ex-IOC official Carrard to head FIFA reform task force

Rediff.com11 Aug 2015

Scandal-plagued FIFA have turned to the man who helped the International Olympic Committee (IOC) out of their corruption crisis, appointing Swiss Francois Carrard as chairman of their reform committee.

Should Mallya continue on the Sanofi board?

Should Mallya continue on the Sanofi board?

Rediff.com28 Apr 2015

Sanofi India is seeking approval of the shareholders for perpetuity.

Defence ministry may set up land regulator

Defence ministry may set up land regulator

Rediff.com7 Feb 2011

The ministry holds about 1.73 million acre of land.

'Young people won't tolerate abrasive behaviour'

'Young people won't tolerate abrasive behaviour'

Rediff.com19 Apr 2021

'Younger people have a very strong sense of what is wrong, and what is right, along with the opportunity to call out this kind of behaviour through mechanisms like social media.'

BCCI set for major changes at AGM, president may no longer approve team

BCCI set for major changes at AGM, president may no longer approve team

Rediff.com23 Oct 2015

As a follow-up to the views expressed by Shashank Manohar soon after being re-elected as BCCI president earlier this month, the Board of Control for Cricket in India is all set to appoint an Ombudsman at its Annual General Meeting which will be held at its headquarters in Mumbai on November 9.

The feud over Indian Readership Survey

The feud over Indian Readership Survey

Rediff.com3 Sep 2014

The return of Indian Readership Survey numbers has met with a silent response.

PMC shows it's time for relook at urban coop banks

PMC shows it's time for relook at urban coop banks

Rediff.com10 Oct 2019

In the aftermath of the PMC Bank mess which was in the RBI's highest rating of 'A' category, trustworthiness of these ratings may be up for a review.

12 state bodies won't use funds till further orders: BCCI tells SC

12 state bodies won't use funds till further orders: BCCI tells SC

Rediff.com26 Oct 2016

The Board of Control for Cricket in India informed the Supreme Court on Tuesday that 12 of its member associations have kept the funds received by the cricket body in term deposit and they will not utilise them until further orders of the apex court.

Who says EVMs can be hacked?

Who says EVMs can be hacked?

Rediff.com13 Mar 2019

'Although the Election Commission remains convinced about the EVM's integrity, as a fair umpire of the game it was necessary to travel the last mile to convince political players that the entire process was not only fair but transparently so.' A fascinating excerpt from former Chief Election Commissioner Navin Chawla's new book, Excerpted from Every Vote Counts: The Story Of India's Elections.

Sebi cracks whip on Gillette India promoters, directors

Sebi cracks whip on Gillette India promoters, directors

Rediff.com5 Jul 2013

Taking action against promoters of Gillette India for non-compliance to minimum public holding norms, Sebi on Friday ordered freezing all corporate benefits arising out of their stake in the company.

Little business in House amid slogans of 'Pradhan Mantri maafi maango'

Little business in House amid slogans of 'Pradhan Mantri maafi maango'

Rediff.com2 Dec 2016

Opposition members trooped into the Well, resorting to high-decibel sloganeering.

Former USTR Susan Schwab joins Boeing's board

Former USTR Susan Schwab joins Boeing's board

Rediff.com11 Feb 2010

Schwab, 54, will serve on the audit and finance committees.

BCCI should implement Lodha recommendations, Bedi and Azad tell Supreme Court

BCCI should implement Lodha recommendations, Bedi and Azad tell Supreme Court

Rediff.com5 May 2016

Former Indian team captain Bishan Singh Bedi and ex-cricketer Kirti Azad on Thursday batted in the Supreme Court for implementation of Justice Rajendra Mal Lodha committee's recommendation on structural reforms in the Board of Control for Cricket in India.

What was Pratip Chaudhuri's crime?

What was Pratip Chaudhuri's crime?

Rediff.com23 Nov 2021

The account turned bad before Chaudhari took over as SBI chairman and the asset was sold to AARC following an open bidding process, months after Chaudhari retired, explains Tamal Bandyopadhyay.

ICAI tightens noose around local auditors

ICAI tightens noose around local auditors

Rediff.com18 Apr 2010

The decision to seek tie-up details from CA firms, especially those associated with the Big 4 -- PWC, Ernst & Young, KPMG and Deloitte -- follows a report by an Institute of Chartered Accountants of India committee on the multi-crore Satyam scam.

Rs 3.03-lakh cr scheme to improve power discoms gets nod

Rs 3.03-lakh cr scheme to improve power discoms gets nod

Rediff.com30 Jun 2021

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved a five-year-long reform-based result-linked power distribution scheme worth Rs 3.03 lakh crore, for strengthening system of utilities to improve efficiency. Briefing after the CCEA meet here, Power and New & Renewable Energy Minister R K Singh said, "We have done a lot for power distribution reforms. It needs to be strengthened. Today, the Cabinet has approved the new scheme worth Rs 3.03 lakh crore, including Rs 97,000 crore central outlay." He said the funds would be given to power distribution companies (discoms) to strengthen their system.

RBI Governor seeks more teeth to effectively regulate PSBs

RBI Governor seeks more teeth to effectively regulate PSBs

Rediff.com12 Jun 2018

RBI has cited at least 10 areas where it has no control over PSBs.

Introduce Rs 10 coins: RBI panel

Introduce Rs 10 coins: RBI panel

Rediff.com29 May 2004

The Reserve Bank of India-constituted committee on procedures and performance audit on public services (CPPAPS) has recommended early introduction of coins of Rs 10 denomination.

WANTED! Independent oversight of reform process

WANTED! Independent oversight of reform process

Rediff.com2 Dec 2015

Leading sponsors of football's world governing body have demanded independent oversight of FIFA's reform process in an open letter published on Tuesday ahead of a key meeting to finalise proposed reforms at the scandal-plagued organisation.

MoD panel found Dassault was not lowest bidder: CAG

MoD panel found Dassault was not lowest bidder: CAG

Rediff.com13 Feb 2019

The MoD panel had submitted its report in March 2015, weeks before Prime Minister Narendra Modi announced that India would procure 36 jets.

NTPC, PowerGrid pull out of CWG sponsorship

NTPC, PowerGrid pull out of CWG sponsorship

Rediff.com19 Aug 2010

The crisis-riden CWG has received a further jolt with two power PSUs, NTPC and PowerGrid, deciding to hold back their Rs 40 crore sponsorship money out of a combined committed sum of Rs 60 crore for the event.

Money meant for poor going somewhere else, says SC

Money meant for poor going somewhere else, says SC

Rediff.com12 Apr 2017

It observed that there is no record of the money meant for the welfare of construction workers.

FIFA to elect Blatter's successor in December?

FIFA to elect Blatter's successor in December?

Rediff.com10 Jun 2015

Last week, Domenico Scala, head of FIFA's audit and compliance committee and the man responsible for overseeing the election, said it could take place any time between December and March.

Bankruptcy Code giving sleepless nights to many directors

Bankruptcy Code giving sleepless nights to many directors

Rediff.com30 Oct 2017

Even though the powers of the board of directors stand suspended once a company's insolvency process begins, it does not absolve the directors from actions taken up to two years earlier.

Chandra suggestions to be implemented in FY04

Chandra suggestions to be implemented in FY04

Rediff.com1 Apr 2003

The government hinted on Tuesday at introducing a more stringent auditing system in line with the Naresh Chandra committee recommendations, within the next one year.

WhatsApp leaks force Sebi to scale up war on insider trading

WhatsApp leaks force Sebi to scale up war on insider trading

Rediff.com7 Apr 2018

Strengthening of rules governing insider trading is among the key proposals in the agenda set by Sebi for 2018-19, along with making improvement to the Prohibition of Insider Trading Regulations (PIT) and Prohibition of Fraudulent and Unfair Trade Practices regulations.

IL&FS case reveals what India's resolution mechanism is lacking

IL&FS case reveals what India's resolution mechanism is lacking

Rediff.com1 May 2021

The infra-major going belly up cracked open some major flaws in the system - the most evident being weak corporate governance and how layers of corporate structures could be formed adding to the opaqueness of the group.

L N Mittal joins Goldman Sachs board

L N Mittal joins Goldman Sachs board

Rediff.com30 Jun 2008

Indian-origin steel magnate Lakshmi Mittal has joined the board of the investment bank major Goldman Sachs as an independent director.

Who will regulate the regulators?

Who will regulate the regulators?

Rediff.com16 Mar 2018

It would be a good idea to create independent oversight committees for each regulatory institution and indeed, even for their appellate bodies, says A K Bhattacharya.

Fifa election: Reforms passed to prevent corruption

Fifa election: Reforms passed to prevent corruption

Rediff.com26 Feb 2016

FIFA approved major reforms at a congress on Friday, part of world football's effort to end the culture of corruption that has plagued its governing body for years. The measures were adopted by 179 members, while 22 voted against and six abstained at a congress in Zurich that will also elect a replacement to FIFA's disgraced president Sepp Blatter. The reforms were developed since June by a committee led by Francois Carrard, a Swiss lawyer tasked with a similar cleanup effort at the International Olympic Committee more than a decade ago. Among the most crucial measures are changes in the role of FIFA's president and its executive committee. The president's job has been altered to function like a corporate chairman of the board, providing strategic guidance but with less management authority. FIFA's executive committee, which had become an epicenter of graft, has been re-branded as a FIFA council, and will operate similar to a corporate board of directions. FIFA's secretary general, previously number two to the president, will serve as world football's CEO.

PAC meet sees slugfest between BJP, Cong over AgustaWestland deal

PAC meet sees slugfest between BJP, Cong over AgustaWestland deal

Rediff.com18 May 2016

PAC Chairman K V Thomas, however, remained non-committal over these demands.

Sweeping changes soon on boards of listed companies

Sweeping changes soon on boards of listed companies

Rediff.com10 May 2018

Sebi splits CMD post and has directed listed companies to have at least six directors and at least one of them needs to be a woman.

ICAI to serve showcause notice on PwC soon

ICAI to serve showcause notice on PwC soon

Rediff.com9 Jan 2009

Meanwhile, company secretaries' body ICSI is also writing to the company secretary of Satyam Computer today to submit a report on corporate governance in a week. ICSI president Keyoor Bakshi said the government had earlier asked the institute to look into the revelations made by Satyam Computer's founder President Ramalinga Raju.

Defiant BCCI to elect secretary, new selection panel at Wednesday's AGM

Defiant BCCI to elect secretary, new selection panel at Wednesday's AGM

Rediff.com20 Sep 2016

With the shadow of the Supreme Court-appointed Justice Lodha panel recommendations hanging over its head, the BCCI will be conducting its 87th Annual General Meeting in Mumbai on Wednesday, with election of its honorary secretary being one of the priorities on the agenda.

What's at stake if Olympics fall victim to coronavirus

What's at stake if Olympics fall victim to coronavirus

Rediff.com3 Mar 2020

Concerns are swirling that Japan's dream of hosting the Tokyo 2020 Olympics could be a fatality of the spread of the new coronavirus, jolting organisers, sponsors, and media firms who have spent billions of dollars in the run-up to the event. Global insurers face a hefty bill if the coronavirus forces the cancellation of the Games, with estimates of the cost of insuring the showpiece running into billions of dollars.

Urjit Patel: The 'known unknown'

Urjit Patel: The 'known unknown'

Rediff.com22 Aug 2016

The RBI governor-designate may be economical with spoken words, but is known for his sharp and critical writings

2018 Olympics: Figure skating 'Queen' Yuna named honorary ambassador

2018 Olympics: Figure skating 'Queen' Yuna named honorary ambassador

Rediff.com4 Nov 2014

Former Olympic figure skating champion Kim Yuna will play the role of honorary ambassador for the 2018 Winter Olympics in South Korea's Pyeongchang.