News for 'Internal Audit State'

Prayagraj Bank Hit by Loan Fraud Involving Counterfeit Gold

Prayagraj Bank Hit by Loan Fraud Involving Counterfeit Gold

Rediff.com11 Apr 2026

Sixteen people, including two gold appraisers, have been booked for allegedly securing loans worth lakhs of rupees against counterfeit gold from a bank in Prayagraj.

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.

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.

WADA To Evaluate India's Dope Testing Lab

WADA To Evaluate India's Dope Testing Lab

Rediff.com16 Apr 2026

The World Anti-Doping Agency (WADA) will assess the performance of India's National Dope Testing Laboratory (NDTL) in the coming months, a process described as routine by the National Anti-Doping Agency (NADA). WADA President Witold Banka expressed satisfaction with the facility after a recent visit, while India is also in the running to host the next WADA Global Education Conference.

How Hyderabad Police Is Tackling Cyber Fraud

How Hyderabad Police Is Tackling Cyber Fraud

Rediff.com23 Apr 2026

Hyderabad Police Commissioner V C Sajjanar convened a meeting with bankers to address the misuse of bank accounts in cyber frauds and implement preventative measures, following 'Operation Octopus' which dismantled cyber fraud networks and led to arrests of complicit bank officials.

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.

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.

War Reveals Brutal Math Of Cheap Drones Vs Missiles

War Reveals Brutal Math Of Cheap Drones Vs Missiles

Rediff.com19 Mar 2026

The modern war is about quality over quantity, points out Mihir S Sharma.

Centre Cracks Down on GLP-1 Drug Misuse

Centre Cracks Down on GLP-1 Drug Misuse

Rediff.com25 Mar 2026

Inspections conducted across 49 entities including pharmacies, wholesalers, and clinics to detect violations and misleading marketing practices.

Trump Won't Decide What Happens Next In The War

Trump Won't Decide What Happens Next In The War

Rediff.com2 Apr 2026

'The next two to three weeks will not be decided in Washington.' 'They will be decided in Tehran, in whatever calculation Iran makes about the costs of continued resistance against the costs of appearing to have yielded.'

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.

18 killed, 24 injured in Nagpur explosives factory blast

18 killed, 24 injured in Nagpur explosives factory blast

Rediff.com1 Mar 2026

A blast at an explosives manufacturing factory in Nagpur, Maharashtra, resulted in the death of 17 people and injuries to 18 others. Rescue operations are underway.

Kailash Satyarthi Foundation Office Burglarized in Delhi

Kailash Satyarthi Foundation Office Burglarized in Delhi

Rediff.com28 Feb 2026

The Kailash Satyarthi Children's Foundation office in Kalkaji, Delhi, was burglarized, prompting a police investigation and forensic probe.

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.

No toll plaza queues anywhere in India by yearend, says Gadkari

No toll plaza queues anywhere in India by yearend, says Gadkari

Rediff.com25 Feb 2026

'Within six months I expect petrol, diesel, and electric vehicles (EVs) to reach cost parity,' says Union Minister for Road Transport and Highways Nitin Gadkari.

Pvt-funded highway construction model highest priority: Gadkari

Pvt-funded highway construction model highest priority: Gadkari

Rediff.com25 Feb 2026

On the back of an aggressive asset monetisation push, the government will press the throttle on the build-operate-transfer (BOT) model - under which private developers fund highway construction - for future highway development, Union Minister for Road Transport and Highways Nitin Gadkari said.

Will Budget 2026 Fix The Customs-FTA Disconnect?

Will Budget 2026 Fix The Customs-FTA Disconnect?

Rediff.com31 Jan 2026

Customs regimes can lead to labyrinthine legal disputes. Budget 2026 must recognise that an excessively defensive Customs posture can itself become a trade barrier, point out Mukesh Butani and Shankey Agrawal.

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.'

GST Made Easy From Nov 1

GST Made Easy From Nov 1

Rediff.com25 Oct 2025

Nearly 96 per cent of new applicants will benefit from this simplified approval route.

Lessons To Learn From The Tatas

Lessons To Learn From The Tatas

Rediff.com30 Jan 2026

Usually, in the western view, corporate success is attributed to efficiency, organisational structure, and scale. R Gopalakrishnan and Harish Bhat argue that philosophy, culture, and the transmission of values are more important for sustaining growth and profitability of an enterprise over a period of time.

IndiGo ropes in external expert for flight disruption probe

IndiGo ropes in external expert for flight disruption probe

Rediff.com13 Dec 2025

The board of InterGlobe Aviation, the parent of IndiGo, has already set up a crisis management group in the wake of the significant operational disruptions that started on December 2.

IndiGo Crisis: 'Well-Orchestrated To Pressure Government, DGCA'

IndiGo Crisis: 'Well-Orchestrated To Pressure Government, DGCA'

Rediff.com6 Dec 2025

'Where rostering systems are automated and duty time software interfaces directly with DGCA, the assertion that they suddenly discovered crew shortages is simply implausible.' 'If adequate crew planning hasn't materialised within 12 to 24 months from inception, how will 45 days -- from December 5 to February 12 -- suddenly resolve matters?'

SMAT: Shami stars for Bengal; Kerala stun holders Mumbai

SMAT: Shami stars for Bengal; Kerala stun holders Mumbai

Rediff.com4 Dec 2025

Shami puts Bengal on top of points table with easy win vs Services

'This Reshuffle Is Classic Modi-Shah Showmanship'

'This Reshuffle Is Classic Modi-Shah Showmanship'

Rediff.com20 Oct 2025

'If the BJP seriously addresses employment, examination integrity and systemic corruption, they might salvage their position. Otherwise, they are heading toward serious trouble in 2027.'

Why The Americans Were Opposed To Agni

Why The Americans Were Opposed To Agni

Rediff.com6 Nov 2025

'The heat shield technology for re-entry vehicles was first mastered in DRDO for the Agni missile.' 'This is why the Americans were so opposed to Agni in the 1980s, unlike other missiles -- it was a re-entry vehicle.'

Bihar polls: EC launches ECINet app among 17 new initiatives

Bihar polls: EC launches ECINet app among 17 new initiatives

Rediff.com6 Oct 2025

The Election Commission (EC) has announced 17 new initiatives for the Bihar Assembly polls, including compulsory webcasting, mobile phone-deposit facilities, and measures to improve voter turnout and accessibility.

Why A Chess Master Has Complained Against AICF

Why A Chess Master Has Complained Against AICF

Rediff.com15 Aug 2025

International Master Atanu Lahiri, a former joint secretary, AICF, in a complaint to the Registrar of Societies, Tamil Nadu has urged the initiation of a probe on alleged mismanagement or misuse of AICF funds and even dissolve the chess body if gross violation of its objectives and obligations were found.

Back Into Good Books! IOC Restores Funding To India

Back Into Good Books! IOC Restores Funding To India

Rediff.com3 Sep 2025

IOC resumes funding to IOA after "corrective measures" to resolve disputes and governance issues

BCCI To Stay Outside The Ambit Of RTI ACT!

BCCI To Stay Outside The Ambit Of RTI ACT!

Rediff.com6 Aug 2025

In what can be construed as a relief to the BCCI, the Sports Ministry has amended the RTI-related provision of the National Sports Governance Bill, placing only those bodies under its ambit which rely on government grants and assistance.

Will New Sports Bill Be A Game Changer?

Will New Sports Bill Be A Game Changer?

Rediff.com12 Aug 2025

Salient features of the National Sports Governance Bill that promise to overhaul several aspects of sports governance and the grievance redressal system for athletes and administrators alike in the country.

'Biggest reform in sports since independence': LS passes Sports Bill

'Biggest reform in sports since independence': LS passes Sports Bill

Rediff.com11 Aug 2025

Sports Minister Mansukh Mandaviya said the Sports Bill is a key reform aimed at building a "transparent, accountable and world-class sports ecosystem" in India.

'PCB's earning from Champions Trophy exceeds target'

'PCB's earning from Champions Trophy exceeds target'

Rediff.com8 Apr 2025

The Pakistan Cricket Board (PCB) has claimed to have earned three billion rupees by hosting the ICC Champions Trophy, exceeding its target of two billion rupees.

Health check for healers: The big audit firms are under the NFRA lens

Health check for healers: The big audit firms are under the NFRA lens

Rediff.com17 Jan 2024

In recent times, more and more audit firms have challenged company managements, some going to the extent of resigning on the ground of incompatibility with what the management wanted or was doing. This, said Ajay Bhushan Pandey, chairman of the National Financial Regulatory Authority (NFRA), in a media interview, was a good sign. Now, the national accounting watchdog has turned the spotlight on audit firms themselves.

5,000 social media accounts from Islamic countries back Assam Cong: CM

5,000 social media accounts from Islamic countries back Assam Cong: CM

Rediff.com20 Jun 2025

Assam Chief Minister Himanta Biswa Sarma on Friday alleged that over 5,000 social media accounts, mostly operated from Islamic countries, have become active in favour of the Assam Congress.

Ceasefire, But Pakistan's Cyber War Continues

Ceasefire, But Pakistan's Cyber War Continues

Rediff.com26 May 2025

More than one million cybersecurity incidents were flagged within 10 days.

Mumbai Airport's T1 To Be Demolished In October

Mumbai Airport's T1 To Be Demolished In October

Rediff.com18 Mar 2025

Reconstruction of the terminal is expected to be completed by September 2028.

'Guru Dutt Was Very Down To Earth'

'Guru Dutt Was Very Down To Earth'

Rediff.com9 Jul 2025

'I always considered him as a director, never an actor. Do you know he always considered other actors for his films first?' 'For Pyaasa, he wanted to cast Dilip saab; only when Dilip saab refused did Guru Duttji decide to do the role himself.'

Applying For US Visa? Clean Your Social Media First

Applying For US Visa? Clean Your Social Media First

Rediff.com4 Jun 2025

Delete posts that are offensive, political, divisive, or just plain immature, counsels Dr Karan Gupta.

It's Deja Vu for Kozhikode, Mangaluru plane crash survivors

It's Deja Vu for Kozhikode, Mangaluru plane crash survivors

Rediff.com14 Jun 2025

Air India Boeing 787-8 crash in Ahmedabad has brought back all traumatic memories.