News for 'audit'

LS passes Waqf bill by 288-232 votes; Oppn's amendments rejected

LS passes Waqf bill by 288-232 votes; Oppn's amendments rejected

Rediff.com3 Apr 2025

The Lok Sabha passed the Waqf (Amendment) Bill, 2025, with the ruling NDA defending it as beneficial for minorities while the opposition called it "anti-Muslim". All amendments moved by the opposition were rejected and the bill was passed with 288 votes in favor and 232 against. Union Minorities Affairs Minister Kiren Rijiju asserted that India is the safest place in the world for minorities, refuting claims of their insecurity.

Varun Dhawan's Body Double Becomes A Star

Varun Dhawan's Body Double Becomes A Star

Rediff.com5 Feb 2025

'I've had a 10-and-a-half year journey behind the camera and people don't know who I am.'

Waqf panel releases draft report, rules out retrospective scrutiny

Waqf panel releases draft report, rules out retrospective scrutiny

Rediff.com29 Jan 2025

Seeking to allay fears that existing Waqf properties will be subject to scrutiny after the amended Waqf law comes into force, a parliamentary panel on Tuesday recommended that no cases will be reopened against such properties on a retrospective basis, provided the asset is not in dispute or belongs to the government.

Some equity research firms shutting shops after Sebi's guidelines

Some equity research firms shutting shops after Sebi's guidelines

Rediff.com22 Jan 2025

Markets regulator Sebi's new guidelines on research analysts (RAs) are forcing several equity research firms publicly announcing plans to shut down their shops due to heightened compliance and operational requirements. The Securities and Exchange Board of India (Sebi), on January 8, came out with guidelines for Research Analysts in a bid to curb fraudulent stock recommendations and illegal practices in the securities market.

Trailer Review: Superboys Of Malegaon Is All Heart

Trailer Review: Superboys Of Malegaon Is All Heart

Rediff.com19 Feb 2025

The story of Superboys Of Malegaon is so heartening that the film -- in the hands of an accomplished director like Reema Kagti -- is bound to be a worthy watch, feels Deepa Gahlot.

MP: 'Disabled' govt employee 'seen dancing', probe sought

MP: 'Disabled' govt employee 'seen dancing', probe sought

Rediff.com14 Feb 2025

A students' organization in Madhya Pradesh has demanded an inquiry after a woman, recently selected in the government service in the disabled quota, was seen dancing in a viral social media video. The woman, however, denied any irregularity in her appointment, claiming that she suffers from 45 percent disability due to bone-related problems. She stated that she is able to walk and even dance for short periods due to implants from surgery following a serious hip injury.

'I Was Thinking Of Quitting Acting'

'I Was Thinking Of Quitting Acting'

Rediff.com25 Mar 2025

'I hadn't worked for three-and-a-half years.' 'I felt industry was based on who you knew.' 'I didn't belong to a network.'

Goyal's Comment Sparks Startup Uproar

Goyal's Comment Sparks Startup Uproar

Rediff.com5 Apr 2025

'The startup ecosystem, the government, and the owners of large pools of Indian capital need to actively support the creation of these local champions, not pull down the teams that are trying hard to get there.'

Guidelines to improve quality control at audit firms in place

Guidelines to improve quality control at audit firms in place

Rediff.com21 Nov 2022

The National Financial Reporting Authority (NFRA) has issued guidelines to inspect select audit firms to identify areas and opportunities for improvement in the audit firm's system of quality control, a statement said. "Inspections will consist firm-wide review of audit quality and individual file reviews on test-check basis to evaluate the level of compliance with applicable auditing standards and quality control policy and processes," NFRA said. The selection of the audit firm or the auditor for such inspection by NFRA would be based on assessment of risks in the audit environment.

'Aamir Chased Me With A Snake And Made Me Cry'

'Aamir Chased Me With A Snake And Made Me Cry'

Rediff.com11 Mar 2025

'We've had our fights, and our laughs too.'

US Firms Back Trump's India Tariffs

US Firms Back Trump's India Tariffs

Rediff.com31 Mar 2025

Industry associations and companies in the United States, including the US Chamber of Commerce, Coalition of Services Industries and the iconic bike company Harley Davidson have called on the Donald Trump dispensation to push India to reduce tariffs, non-tariffs, and regulatory barriers to boost American exports.

Crypto: Assess Risks Before Investing

Crypto: Assess Risks Before Investing

Rediff.com19 Mar 2025

Market downturns or regulatory shifts can reduce liquidity, making it harder to buy or sell assets when needed.

Law ministry allocated Rs 1,400 cr for 2024 LS polls, new EVMs

Law ministry allocated Rs 1,400 cr for 2024 LS polls, new EVMs

Rediff.com1 Feb 2025

The Union Budget 2025-26 has allocated over Rs 1,400 crore to the law ministry to meet carry forward expenditure for holding the 2024 Lok Sabha elections and purchase of new electronic voting machines for the Election Commission. The allocation includes Rs 500 crore for the elections, Rs 300 crore for voter identity cards, Rs 597.80 crore for "other election expenses", and Rs 18.72 crore for new EVMs. The law ministry is the nodal agency for the Election Commission, polls, electoral laws, and appointment of members to the poll panel.

BJP reports highest income of Rs 4,340.47 cr in 2023-24

BJP reports highest income of Rs 4,340.47 cr in 2023-24

Rediff.com17 Feb 2025

While the BJP received the highest amount, securing Rs 1,685.63 crore, the Congress received Rs 828.36 crore, and the Aam Aadmi Party (AAP) Rs 10.15 crore.

Maharashtra ministers get 2.5-year performance deadline

Maharashtra ministers get 2.5-year performance deadline

Rediff.com16 Dec 2024

Maharashtra Chief Minister Devendra Fadnavis has said the Mahayuti allies have agreed to conduct a 'performance audit' of ministers during their tenure.

SC rejects plea for audit of EVMs, says won't enter into policy issue

SC rejects plea for audit of EVMs, says won't enter into policy issue

Rediff.com22 Sep 2023

Observing that it will not venture into the "policy issue", the top court dismissed the PIL which had also sought a direction to the poll panel to put in the public domain the audit report, if any, of EVM's source code.

Hindenburg row: Adani appoints Grant Thornton for audit

Hindenburg row: Adani appoints Grant Thornton for audit

Rediff.com14 Feb 2023

Embattled Adani group has appointed accountancy firm Grant Thornton for an independent audit of some of its companies in a bid to come clean of the damning allegations levelled by the US short-seller Hindenburg Research and to assure investors and regulators. Sources said the audit is primarily to show to regulators like the Reserve Bank of India (RBI) that the group has nothing to hide and it is in compliance with relevant laws. The audit will specifically look into if there was any misappropriation or repatriation of funds and if loans were used for any purpose other than the one they were intended for.

ITR filing deadline for corporates extended by 15 days to Nov 15

ITR filing deadline for corporates extended by 15 days to Nov 15

Rediff.com26 Oct 2024

The income tax department on Saturday extended the deadline for filing income tax returns by corporates by 15 days till November 15 for assessment year 2024-25. In a circular, the Central Board of Direct Taxes (CBDT) said the deadline will be extended from the earlier target date of October 31. The new deadline for Assessment Year 2024-25 (for furnishing tax returns for fiscal 2023-24) is November 15.

Updated ITR: What You Must Know

Updated ITR: What You Must Know

Rediff.com5 Feb 2025

'Once filed, it cannot be revised or rectified.'

Courts should not hesitate to deny liberty for corruption-free society: SC

Courts should not hesitate to deny liberty for corruption-free society: SC

Rediff.com7 Mar 2025

The Supreme Court of India has ruled that courts should not hesitate to deny liberty to accused individuals in order to ensure a corruption-free society. The court's statement came while upholding the dismissal of an anticipatory bail plea in a corruption case against a public official. The court highlighted the dangers of corruption and emphasized that the presumption of innocence alone cannot be the sole consideration for granting bail in such cases.

Ola Electric: Can It Spark EV Adoption?

Ola Electric: Can It Spark EV Adoption?

Rediff.com26 Mar 2025

Why has the shift from ICE to electric slowed down despite initial enthusiasm?

Sony likely to seek forensic audit of Zee Entertainment, say lawyers

Sony likely to seek forensic audit of Zee Entertainment, say lawyers

Rediff.com14 Jun 2023

Japan's Sony Corporation, which is merging its Indian television content company with Zee Entertainment Enterprises, is likely to seek a fresh forensic audit of the company after market regulator Sebi levelled fund diversion charges against Zee promoters, top lawyers said. The Sebi also barred Zee founder Subhash Chandra and its Chief Executive Officer (CEO) Puneet Goenka from holding any position as director. "As the Sebi has made fund diversion charges, which may change the nature of audited reports already filed, the acquirer (Sony) can seek a fresh forensic audit," said H P Ranina, a corporate lawyer.

15 Scenes When Salman Ditched The Formula

15 Scenes When Salman Ditched The Formula

Rediff.com25 Mar 2025

Sukanya Verma lists 15 scenes that reveal facets of Salman outside the formula.

'How Will I Survive Without My Monthly Withdrawals?'

'How Will I Survive Without My Monthly Withdrawals?'

Rediff.com24 Feb 2025

'I don't know when I will be able to access those funds.'

Maha cabinet expanded with 39 ministers; BJP gets 19 berths, Sena 11

Maha cabinet expanded with 39 ministers; BJP gets 19 berths, Sena 11

Rediff.com16 Dec 2024

The 10-day-old BJP-led Mahayuti alliance ministry in Maharashtra was expanded on Sunday, with 39 ministers being sworn in, taking its strength to 42. The BJP secured 19 ministerial berths, followed by 11 for the Eknath Shinde-led Shiv Sena and 9 for Ajit Pawar's Nationalist Congress Party. Governor P C Radhakrishnan administered the oath to the new ministers at the ceremony held in Nagpur. Chief Minister Devendra Fadnavis and deputy CMs Eknath Shinde and Ajit Pawar were present.

'Female Leads Have Always Been Made To Fit Into A Box'

'Female Leads Have Always Been Made To Fit Into A Box'

Rediff.com29 Jan 2025

'They have to be good looking, they have to smile pretty, look pretty, sit pretty...' 'Being other characters allows for a greater mining and excavation of the human condition rather than just trying to play a prototype really well.'

Mullaperiyar dam: Centre yet to wake from slumber, says SC

Mullaperiyar dam: Centre yet to wake from slumber, says SC

Rediff.com8 Jan 2025

The Supreme Court of India expressed shock and disappointment at the Indian government's failure to implement the Dam Safety Act, enacted in 2021. The court highlighted the lack of progress in constituting a national committee for dam safety and formulating regulations despite the law's provisions. The case pertains to the safety of the Mullaperiyar Dam, a 130-year-old structure in Kerala, which is controlled by Tamil Nadu. The court has ordered the government to take immediate action and seek assistance from the Attorney General in this matter.

Adulterated Drugs On Decline Amid Crackdown

Adulterated Drugs On Decline Amid Crackdown

Rediff.com10 Oct 2024

Rise in raids on illicit drug manufacturing units, alongside arrests for the production, sale, or distribution of spurious or adulterated drugs.

BFI to take IOA to court over 'illegal' ad hoc panel

BFI to take IOA to court over 'illegal' ad hoc panel

Rediff.com25 Feb 2025

'The IOA has no jurisdiction over the conduct of elections for NSFs, yet this order has been issued in a manner that clearly questions its intent.'

DGCA to conduct audit of Go First's flight preparedness

DGCA to conduct audit of Go First's flight preparedness

Rediff.com24 May 2023

Aviation regulator DGCA will conduct an audit of Go First's preparedness before approving resumption of flights by the crisis-hit carrier, according to a communication. Cash-strapped Go First stopped flying from May 3 and is undergoing voluntary insolvency resolution proceedings. On Tuesday, a senior official at the Directorate General of Civil Aviation (DGCA) said the airline has submitted its response to the regulator's show cause notice indicating that it is working on the details of a plan to resume flights at the earliest.

FAQ: IT Dept Can Check E-mail, WhatsApp

FAQ: IT Dept Can Check E-mail, WhatsApp

Rediff.com6 Mar 2025

Here's what you must know about the new rule, its implications, and whether it affects taxpayers' rights and privacy.

Pune bus rape accused sent to police custody till Mar 12

Pune bus rape accused sent to police custody till Mar 12

Rediff.com28 Feb 2025

A 37-year-old man accused of raping a woman inside a bus at Swargate bus station in Pune was arrested after a days-long manhunt. The accused, Dattaray Ramdas Gade, was hiding in a paddy field in his native Shirur tehsil. Police used drones and sniffer dogs to track him down.

'Why Can't Women Be Crazy In Love?'

'Why Can't Women Be Crazy In Love?'

Rediff.com18 Mar 2025

'It's always the men who are going crazy, barbaad. They never show a woman going crazy like that.' 'A woman has to be very proper, sitting on a swing, crying.'

'When Children See I Am Alive, They Hug Me'

'When Children See I Am Alive, They Hug Me'

Rediff.com24 Feb 2025

'At the airport, some people held me like a mother holds her child's cheeks. I have never experienced these kinds of things.'

Big development coming in from ICC ahead of Champions Trophy...

Big development coming in from ICC ahead of Champions Trophy...

Rediff.com28 Jan 2025

The ICC Board will now begin the process to identify Allardice's successor.

Financial regulators back ISA 600 for auditors of listed companies

Financial regulators back ISA 600 for auditors of listed companies

Rediff.com3 Sep 2024

The National Financial Reporting Authority (NFRA) will invite public comments on the revised International Standard on Auditing 600 (ISA 600) proposed to be adopted by publicly listed companies and non-public-sector banks, sources close to the development told Business Standard. The decision to take this "graded approach" for the adoption of the ISA, which is meant to rein in auditors often found hiding behind the audit reports signed off by subsidiary companies, was taken at a meeting of various financial sector regulators at NFRA's board meeting on Monday (August 26). The idea behind upgrading the Standards of Audit 600 currently followed by Indian auditors to ISA 600 is to plug current gaps, which have led to major audit lapses in the recent past.

Delhi govt suffered Rs 2,000 cr losses due to liquor policy: CAG report

Delhi govt suffered Rs 2,000 cr losses due to liquor policy: CAG report

Rediff.com25 Feb 2025

The report on the alleged liquor scam, a hot button issue in the run-up to the elections, claimed a loss of revenue to the tune of Rs 941.53 crore, saying timely permissions were not taken for opening the liquor vends in non-conforming municipal wards.

'Can't Imagine Pather Panchali Without Durga'

'Can't Imagine Pather Panchali Without Durga'

Rediff.com19 Nov 2024

'After Pather Panchali, she became a housewife. She hated the spotlight. That was so strange and yet so admirable.'

'I've Struggled With Weight Issues Since I Was 13'

'I've Struggled With Weight Issues Since I Was 13'

Rediff.com19 Feb 2025

'I'm slowly trying to separate my body, the shape and size of it, from my self-worth.'

'If You Are Not Somebody, Nobody Would Give You Time'

'If You Are Not Somebody, Nobody Would Give You Time'

Rediff.com21 Aug 2024

'It was a very disorganised industry back then and people were very disrespectful towards actors.'