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MNREGA: States asked to employ social audits
the governement told the Rajya Sabha today that the state governments should roll out Business Correspondent Model to make wage payment through banks with bio-metric authentication at village levels.
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Power Min proposes independent audits of transmission grids
The decision was taken at a meeting chaired by Power Secretary P Uma Shankar and attended by members of various sectoral bodies and Power Grid besides officials from eight Northern states and...
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Canara Bank conducts forensic audit of Deccan Chronicle accounts
The government said Canara Bank is conducting forensic audit of the accounts of troubled Deccan Chronicle Holdings Ltd (DCH), which runs a media group and owns an IPL cricket team.
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CAG to begin KG D6 audit by month-end
CAG will begin second audit of Reliance Industries’ spending on KG-D6 gas fields by this month end after the Oil Ministry gave the company a written assurance that the audit will be strictly in...
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PVR begins audit of Cinemax properties, no decision yet on branding
Consolidated EBITDA up 34% in Q3; Bijli says no interest in Fun Cinemas
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Not obliged to provide past year documents to CAG: RIL
As differences simmer over scope of CAG audit of its flagging KG-D6 fields, Reliance Industries has said it is not obliged to provide full access to documents relating to years that are not under audit.
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Have never felt any pressure formulating audits, says Vinod Rai
Comptroller and Auditor General (CAG) Vinod Rai has said that Constitution has adequately empowered the public auditor to exercise its functions and ensure "unfettered" audits.
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Conduct external audits of key spending depts: Govt tells CAG
Key departments where massive spending is involved should be also subjected to external audit in addition to a CAG scrutiny, the government has suggested
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China uncovers embezzlement worth USD 815 million
China's national auditing agency has found irregularities to the tune of USD 815 million in projects funded by foreign aid and loans
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China to turn over audit report to US amid accounting scandals
China's securities watchdog said it is poised to turn over audit documents of a Chinese company listed in the United States to U.S. regulators, signaling a possible breakthrough in an international...
View ArticlePrice Waterhouse Coopers to conduct special audit of MCX
In the wake of Rs 5,600 crore payment crisis at NSEL, the FMC had in September ordered special audit of the MCX for auditing related party deals especially by IBMA and NBHC.
View ArticleAAP should help discoms with costs, just CAG audit won’t help
Instead of only stressing on an audit of discoms' accounts, the AAP Government in Delhi must look for other ways to make power distribution profitable for the discoms while consumers are also not...
View ArticleCAG can audit private telecom operators, rules Delhi High Court
A bench of justices Pradeep Nandrajog and V Kameswar Rao permitted the top accounting body to conduct audit of private telecom companies under the Telecom Regulatory Authority of India (TRAI) Act.
View ArticleCourt allows CAG to audit telcos: Why is big biz scared?
India Inc fears that if CAG is allowed to audit telecom companies and - as has already been made amply clear to the three power distribution companies in Delhi - discoms in Delhi, no business is safe...
View ArticleAkhilesh orders internal audit of UP govt departments
Uttar Pradesh Chief Minister Akhilesh Yadav has ordered internal auditing of all the government departments. The post Akhilesh orders internal audit of UP govt departments appeared first on Firstpost.
View ArticleDelhi HC adjourns discoms’ plea against CAG audit to 19 Sept
The discoms have moved the larger bench of the court against its single judge's order of January 24 refusing to stall their CAG audit The post Delhi HC adjourns discoms’ plea against CAG audit to 19...
View ArticleNeed new funding to turn around airline, says SpiceJet’s Sanjiv Kapoor
Controlled by billionaire Kalanithi Maran's Sun Group, SpiceJet has slashed costs, overhauled its management team and is pursuing a strategy of heavily discounting advance sales to fill up seats. The...
View ArticleTurbulence ahead? 40 pilots quit SpiceJet in 6 months as losses mount
The airline has reported 5th straight quarter of net losses for the July-September period. The post Turbulence ahead? 40 pilots quit SpiceJet in 6 months as losses mount appeared first on Firstpost.
View ArticleSpiceJet delays salaries due to ‘technical reasons’, but promises it’s the...
Budget airline SpiceJet has said that payment of salaries to employees was delayed but promised it wouldn't happen again. The post SpiceJet delays salaries due to ‘technical reasons’, but promises it’s...
View ArticleSpiceJet’s woes mount: AAI tells airline to put cash upfront for using airports
For SpiceJet , it couldn't have come at a worse time as it has been forced to cancel flights due to a shortage of aircraft and is in urgent need of a capital infusion to stay afloat. The post...
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