The Reserve Bank of India (RBI) brass, including its Governor Sanjay Malhotra, on Tuesday told a Parliamentary panel that it was "optimistic" about the impact of the US tariffs on the Indian economy and, in long-run, it could benefit the country due to dipping trade relations between the US and China.
The current process for selecting auditors could compromise their "independence".
Audit firm Deloitte has resigned as auditors of Byju's citing a delay in submission of financial statements while almost simultaneously three of the edtech firm's board members have quit in what is being seen as a deepening crisis at the decacorn. Deloitte Haskins & Sells, which was slated to audit Byju's until 2025, stepped down with "immediate effect" mid-term stating that "the financial statements of the company are long delayed. In a letter sent to the board of Think & Learn Pvt Ltd (known as Byju's), Deloitte said it has not been able to start an audit due to the delays and that will have a "significant impact" on its ability to "plan, design perform and complete" the audit as per standards.
Of these, as many as seven are Level-1 violations, which are considered critical safety risks and require immediate corrective action by the air operator, they said.
A historian, a retired auditor and a financial executive were among four people named by India's highest court on Monday to run the country's cricket board (BCCI).
Experts say the state's economy is grappling with hidden debt, rising welfare costs, and lack of transparency.
Raut was responding to a reporter's question about opposition parties' claim that Gadkari was targeted through the Comptroller and Auditor General (CAG) report on alleged irregularities in the work done by the National Highway Authority of India (NHAI).
'Such stocks may be useful for aggressive portfolios, but should not be part of the core holdings.'
The Supreme Court has agreed to examine a PIL alleging that Arunachal Pradesh Chief Minister Pema Khandu awarded government contracts to his family members. The court has asked the state government to provide details of the beneficiaries and inform if due process was followed. The bench also sought responses from union ministries of home affairs, finance and the Comptroller and Auditor General of India on the issue within five weeks.
As the election nears, political positions on prohibition are shifting.
'The quality of justice is directly linked to the quality of judges -- if that suffers, justice delivery suffers.'
In mid-September, the auditors had raised questions on Kingfisher Airlines' viability to run operations, based on the 2010-11 profit & loss statement.
Head coach Thomas Dennerby was a witness to the 'incident' and it was he, who immediately informed the AIFF.
In FY24, the net income generated from Waqf properties fell to about Rs 1.26 crore from Rs 150 crore in FY20.
The government is considering initiating a probe by the Serious Fraud Investigation Office (SFIO) against Gensol Engineering and its promoters, according to sources familiar with the matter. "It is under consideration at this stage. A final decision will be taken soon," a government official said.
AAP projects its affordable 'health model' as a success story. The BJP calls it a hoax.
Three ED officers were injured and several of their vehicles vandalised, as hundreds of supporters of TMC leader Shajahan Sheikh attacked them on January 5, when the team went to conduct a raid at his house in Sandeshkhali in connection with alleged irregularities in the state's ration system.
Battered by various Comptroller and Auditor General reports on alleged scams, government says it is "actively" considering a proposal to make the official auditor a multi-member body.
Murmu made and subscribed to the oath of office before President Ram Nath Kovind, according to a Rashtrapati Bhavan statement.
The apex auditor is busy preparing a report on the Air India-Indian Airlines merger and modernisation of airports through public-private-partnerships, both carried out during the previous term of the United Progressive Alliance government.
The civil aviation ministry initiated and then made a mess of the merger of the erstwhile Indian Airlines with Air India, according to a Comptroller and Auditor General report.
While the scam highlights the need for an overhaul of the oversight mechanism of banks and of their internal controls, questions are being raised on why multiple audits failed to raise an alarm
India has been elected to the newly established Independent Audit Advisory Committee, a five-member body which is expected to contribute to improving the accountability of the UN Secretariat to the member states.
Earlier in the day, President Ram Nath Kovind accepted Murmu's resignation as the Lt Governor of Jammu and Kashmir.
Prime Minister Narendra Modi on Tuesday said data is information and it will dictate history in the future as he exhorted for strong and scientific audits to make systems strong and transparent. Speaking at the Audit Diwas event of the Comptroller and Auditor General of India (CAG), he said in the past information was transmitted in form of stories.
On July 25 and 26, the regulator's team carried out the surveillance of Air India in the areas of internal audit, accident prevention work and availability of required technical manpower.
The Comptroller and Auditor General (CAG) is understood to have questioned the government's reasoning to order 111 planes for Air India for almost Rs 50,000 crore (Rs 500 billion) in 2006.
The CAG's 2008 audit report points out several irregularities in defence deals, ranging from procurement of arms to cost incurred for wasteful research and development.
The ministry of home affairs has suspended the Foreign Contribution Regulation Act (FCRA) licence of prominent public think-tank Centre for Policy Research (CPR) over violation of laws, officials said on Thursday.
Comptroller and Auditor General Vinod Rai on Monday appeared before the Joint Parliamentary Committee, which is probing the 2G spectrum scam, to explain how the government auditor quantified the losses in the spectrum allocation at Rs 1.76 lakh crore. Rai was asked to brief the Committee, chaired by Congress leader P C Chacko, on the allocation and pricing of telecom licences and spectrum during 1998 to 2009.
India national team and Bengaluru FC footballer, CK Vineeth was given the pink slip by Kerala Accountant General for lack of attendance
In popular perception, the villain of the piece is former civil aviation minister Praful Patel.
Demanding an inquiry into the purchase of 111 new aircraft by national carrier Air India, the Bharatiya Janata Party (BJP) has said the proposal was the root cause of the airline's financial woes.
'Maharashtra is virtually in a debt trap.'
The case was registered against the veteran Bharatiya Janata Party leader by Lokayukta police in 2015 based on the report of the Comptroller and Auditor General of India.
The problem here is that internal auditors are good at accounts, but they are not trained to track foreign exchange transactions
It said Air India "accepted" that though the number of flights from Delhi "increased substantially.
Congress leader Digvijaya Singh on Tuesday claimed a senior railway official had flagged a fault in the signal interlocking system in February and warned of the train accident risk but the problem was not rectified which led to the Balasore train crash.
The defence ministry's new procurement policy is causing delays.
In a serious data breach, personally identifiable information of 815 million Indians has been up on the dark web for sale, according to a report by US-based cybersecurity firm Resecurity. Details such as Aadhaar and passport information along with names, phone numbers and addresses are available for sale online, it has said.
