Police laxity is a term that most would be familiar with. But ‘deficiency in service’ on part of the police when it comes to maintaining law and order may also enter the common lexicon soon. When Dadumajra Colony ..
The Centre on Tuesday decided to shed much of its belligerence in the Supreme Court in the RIL-RNRL legal battle over sharing of KG basin gas and instead focus only on the core issue of the production sharing contract between it and RIL and the prici ..
As it stands today, India will adopt International Financial Reporting Standards (IFRS) from the year 2011. Companies whose accounting year ends on March 31 will issue the first IFRS financial statements for the year 2011-12. Companies which use the ..
Accounting regulator Institute of Chartered Accountants of India (ICAI) is contemplating prohibiting chartered accountant firms from using identical names, a decision which may have implications for accountancy firms like PwC and Deloitte. "We a ..
Individuals aspiring to become insurance agents will have to write the qualifying exam on-line. The insurance regulator IRDA is set to scrap the present system of manual exams for prospective insurance agents to curb malpractices, said a senior offic ..
Mukesh Ambani's Reliance Industries Ltd has agreed to a special audit by the comptroller and auditor general (CAG) of its Andhra offshore (KG-D6) contract, but said it hopes this will be a one-off case. In a letter conveying its `no objection' to suc ..
The investigations in the multi-crore Satyam accounting scam has indicated the role of a prominent stock broker prompting the Central Bureau of Investigation to seek filing of another charge sheet in the case, which may be done soo ..
The Union ministry of corporate affairs is putting in place an ‘early warning system’ to prevent recurrence of frauds like that of Satyam Computer Services, according to minister Salman Khurshid."Experts are working on it," he s ..
Banks may be allowed to tie up with more than one insurer in the life and general insurance sector with a set of stringent checks and balances. At least, this is what the committee on bancassurance set up by Insurance Regulatory & Development Aut ..
Interim pension regulator PFRDA is working on a separate fund management guidelines for corporates—a move that will allow them to enter into an agreement with fund managers for managing the pension fund of their employees. “The road map o ..
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