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THE government is on track to implement International Financial Reporting Standards (IFRS) from April 1 next year, corporate affairs minister Salman Khurshid said. “The committee of secretaries (CoS) have met and all issues have been addressed,” Mr
Comptroller and auditor general (CAG) Vinod Rai has, for the first time, gone on record saying his Commonwealth Games audit will be an independent exercise and that there will be no coordination with any other agency, including the prime minister-appointed Shunglu committee.
The government has rejected Institute of Chartered Accountants of India (ICAI) move to insulate its members from non-compliance and corporate frauds. Ministry of corporate affairs (MCA) has decided to empower National Advisory Committee on Accounting
Irked by delay in response to queries raised by it, the Central Vigilance Commissioner may summon officials of Union and State governments in connection with alleged financial irregularities in different Commonwealth Games related projects.
Ministry of Corporate Affairs, after wide consultations with all stakeholders and regulators, has drawn up a clear roadmap for implementation of Indian Accounting Standards converged with IFRS. Converged Standards will have to be followed by Phase-I
About 2.5 lakh employees of State Bank of India have threatened to go on two-day nation-wide strike beginning November 25 to press for wage related issues. “We are demanding early disbursal of undistributed amount in respect of SBI employees pending
Its efforts to handpick projects for CAG audit may have landed Delhi government in a bigger soup. Delhi government sources say they have now been asked by CAG to furnish details of all projects undertaken between 2005-06 to 2009-10 a far cry from jus
The spotlight may shift from the Suresh Kalmadi-led Organizing Committee (OC) to the Sheila Dikshit government, with a tax probe into Commonwealth Games (CWG) sleaze finding indications of payoffs to its officials from contractors handling the Games
Three premises of Emaar-MGF and the offices of Raheja Mindspace in the city were raided on Monday by sleuths of the state Vigilance and Enforcement (V&E) department who seized discs containing details of land allotment. The raids were on till late on
The involvement of as many as 30 judges in the multi-crore provident fund scam has shaken the confidence of people in the judiciary, attorney general G E Vahanvati told the Supreme Court on Thursday while arguing for CBI’s application seeking transfe
