Artificial scarcity and lack of clarity on available bandwidth blamed for scam.
Here comes the first Hindi film to hold online auditions.
One97 Communications Ltd (OCL), the parent firm of fintech major Paytm, has denied reports about any investigation by the Enforcement Directorate (ED) into the company, its associates, and its founder and chief executive officer (CEO), Vijay Shekhar Sharma. The company, in an exchange filing on Sunday, said it had cooperated with the authorities when users or merchants on its platform were subject to enquiries in the past. "We would like to set the record straight and deny any involvement in anti-money laundering activities.
Finance Minister Jaswant Singh on Friday indicated radical changes in auditing norms including disqualification of auditors if they are found to have 'financial relationship' with companies as suggested by the Naresh Chandra panel.
'When something like this happens, it's just like all the weight and all the time that there was no work and the auditions were not cracking, you feel it's just worth it.'
Pronouncing the judgement, Justice Khanna said the court has rejected all the petitions, including those seeking resorting back to ballot papers in elections.
Dubious and personal expenses of Rs 1,000 crore were made from bank-loan funds for Jet Airways founder Naresh Goyal and his family members even as the airline "diverted" money to some tax havens, the Enforcement Directorate (ED) alleged on Saturday, after arresting the businessman in a money-laundering case. Goyal (74) was taken into custody late on Friday night after the central probe agency took him to its Mumbai office from Delhi. A special court set up to deal with cases lodged under the Prevention of Money Laundering Act (PMLA) on Saturday sent him to the ED's custody for 10 days, till September 11.
FSSAI is looking to tap the Airport Health Organisation to ensure that such incidents aren't reported in the future.
"The fact of the matter is we need policies in place. There are no policies in place to ensure that spectrum is adequately and effectively used. There are no policies in place for audit for companies that actually buy spectrum. We must put in place (policies) to ensure that there is spectrum sharing, spectrum trading," Telecom minister Kapil Sibal said at the FICCI Annual General Meeting.
Given the gap between budgetary allocation and use, a parliamentary standing committee has asked the Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy (Ayush) to take steps to prevent underutilisation of funds under the National Ayush Mission (NAM) scheme. According to the data, the ministry was allocated Rs 1,200 crore for the mission in the Budgetary Estimate (BE) for FY24. The Revised Estimate (RE) for the year fell to Rs 815 crore, of which Rs 589 crore, or 74 per cent, has been spent till January.
In the first such initiative, the Bharatiya Janata Party has invited the ruling and Opposition parties from around the world to witness the Lok Sabha elections in India first-hand.
Senior bankers point out that while they will eventually attract qualified professionals, onboarding them takes time.
FAA, in audits in September and December, downgraded India to Category-II in safety rankings, clubbing it with Zimbabwe and Indonesia.
LIC, ICICI Bank, PNB to have nominees on board; firm asked to sell non-core assets.
The big four global accountancy firms -- PricewaterhouseCoopers, KPMG, Ernst & Young and Deloitte -- are circumventing laws to provide auditing services in the country, says a report of an Institute of Chartered Accountants of India's committee.
Former chief election commissioner S Y Quraishi on Wednesday suggested an annual compulsory audit of funds and donations received by political parties. "We want that all political funding should be transparent and checked. There should be annual compulsory audits by an independent auditor to be picked up from a panel suggested by the Election Commission," Quraishi said.
The Enforcement Directorate late on Friday arrested Jet Airways founder Naresh Goyal in a money laundering case linked to an alleged bank fraud of Rs 538 crore at the Canara Bank, official sources said.
WhatsApp, last month, sued Israeli surveillance firm NSO Group, accusing it of helping those buying its spyware Pegasus break into the phones of roughly 1,400 users across four continents.
Ministry of Corporate Affairs suggests overhaul of rules for independent directors.
RIL stated on Saturday that it had never contested the government's right to get spendings on the flagging KG-D6 gas fields audited by the Comptroller and Auditor General of India but added that the consent must not lead to a performance audit of a private firm.
'Find a name that changes the words honor killing and hopefully it includes the word murder.' 'If you use the words, you are trying to justify the murders.'
Reliance Industries on Saturday said it had never contested the government's right to get the company's spending on KG-D6 gas fields audited by the Comptroller and Auditor General but hoped it will not be subjected to a performance audit."RIL has at no time contested the government's right to conduct an audit by any agency, including the CAG, as provided in Section 1.9 of the Accounting Procedure of the PSC," the company said in a statement on Saturday evening.
The filing of audit reports was made mandatory in ITR Form 5, 6 and 7 after the tax department noticed discrepancies in filing of some returns along with audit reports.
Taxpayers with old, outstanding taxes will benefit from the CBDT's new scheme.
The company had initially objected to audit by CAG for time barred years as per Production Sharing Contract and had not accepted the 'exceptional circumstances' advanced by the ministry
They have gathered up courage, dabbed on some make-up and are all set to impress the jury at the Lakme fashion Week auditions happening in Mumbai.
Photographer Hitesh Harisinghani/Rediff.com was a fly on the wall at the model auditions for Lakme Fashion Week's Winter-Festive season. Here's what he saw!
Deloitee is also the statutory auditor for Tech Mahindra, which acquired Satyam Computer through an open bid in April this year.
Tata Steel is to form a committee to undertake a social audit of its Kalinganagar project in Orissa, in a bid to counter allegations on the negative impact of industrialisation.
All political parties put together received more than Rs 12,000 crore till last fiscal since the introduction of the now-annulled electoral bond scheme in 2018, of which the ruling BJP got nearly 55 per cent or Rs 6,565 crore, according to the data available with Election Commission and Association for Democratic Reforms (ADR).
Grounded Go First's CEO Kaushik Khona has put in his papers, nearly seven months after the no-frills airline filed for insolvency proceedings. In an e mail to the airline's employees on Thursday, Khona said that November 30 is his last day at the company. Khona had returned to Go First in August 2020 as its CEO.
There are three Price Waterhouse firms and four Price Waterhouse & Co firms in PriceWaterhousCoopers' network of firms in India. Each firm is a separate partnership firm, with a maximum of 20 partners each, with head offices in the cities in which they are registered. Each of these is registered with ICAI. The Pricewater House registered in Bangalore had audited Satyam.
A special audit of Anil Ambani group firm Reliance Communications will be delayed, as the auditor Parakh & Co. has sought an extension for three months from mid-July.
'Today, it doesn't and shouldn't matter if you marry late, marry and divorce, marry for the second time, marry younger or older or not marry at all.'
The Naresh Chandra Committee has laid down stringent guidelines defining the relationship between an auditor and its client.
The books of these companies had come under a cloud after it was alleged that many of them had not been paying the goverment's share of revenue by showing the revenue earned under other categories. Under a suggestion of the Telecom Regulatory Authority of India, a special audit of all the integrated telecom companies will be undertaken once in 3-5 years.
Even as India Inc talks of increasing corporate governance norms after the Satyam scam, a study by global consultancy firm Ernst & Young has said that more than half of the companies surveyed do not take into account risk of frauds in their annual audit plans.
The Department of Telecom (DoT) has decided to do a special audit of Reliance Communications' (RCom) telecom licence companies.
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