-The Hindu Chennai: In a move to usher in more transparency in Mahatma Gandhi National Rural Employment Guarantee Act, the Institute of Chartered Accountants of India (ICAI) will evolve standards to audit the scheme in 2.5 lakh villages, said ICAI president, Subodh Kumar Agarwal on Friday. Briefing reporters, he said ICAI would evolve a standardised procedure as the auditing of the MGNREGA scheme was unstructured one. He also urged the Centre...
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It is only KYC norm violation, says RBI
-The Hindu Mumbai: Reserve Bank of India (RBI) Deputy Governor K.C. Chakrabarty, on Monday, refuted money laundering charges levelled against various banks, and said that all exposures by Cobrapost.com were connected to know-your-customer (KYC) norms. "We are seeing how the banks are following up on the KYC norms. There are certain differences in the manner of Reporting of KYC norms in each bank...Need to strengthen KYC guidelines," he said. In March this year,...
More »42 “paid news” cases found: EC
-The Hindu The Election Commission (EC) has detected 42 cases of "paid news" during the Karnataka Assembly poll. Briefing journalists, a spokesman of the Commission said during the run up to the poll 71 suspected cases of paid news were found, of which notices were issued in 61 cases. Finally, the Commission was able to confirm 42 such cases, with Dakshina Kannada district Reporting as many as 11 cases. A total of Rs. 21...
More »Make the CBI accountable also to the court, a Parliament committee and NHRC
-The Economic Times The Supreme Court has pulled up the CBI for misleading it on whether the agency had shared its status report with the government. Indeed, there can be no excuse for misrepresenting facts to the apex court. The Additional Solicitor General who told the court something that he knew to his personal knowledge to be false and the Attorney General who did not make amends must both go. The...
More »Vetting of coal report: Top govt law officers indulge in blame game ahead of SC hearing -Dhananjay Mahapatra
-The Times of India Less than 24 hours before the Supreme Court takes up the coal scam hearing on Tuesday, a blame game broke out within the government over who was responsible for incorrectly telling the court that the CBI had not shared the contents of its status report on " Coalgate" with the political executive. In a four-page letter to attorney general Goolam Vahanvati, additional solicitor general Harin Raval said he...
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