Five audit firms of Price Waterhouse India have admitted to the US markets regulator, the Securities and Exchange Commission (SEC), that deficiencies in their auditing process were not restricted to Satyam Computer , but extended to other companies audited by them in India as well. This disclosure by PW India is in two documents released by the SEC on April 5 while concluding its findings on the Satyam accounting fraud case....
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Make Sure The Cure Isn’t Worse Than The Disease by Aruna Roy and Nikhil Dey
Itself the outcome of a bottom-up movement, the Jan Lokpal bill ironically proposes a centralised framework against graft. Without checks and balances. There was never any doubt that India needs a strong Lokpal Act. The protest has paved the way for its enactment. With the exultation over the anti-corruption campaign’s ‘victory’ quieting down, it’s time to take stock. Nuanced arguments—and indeed substance—have to recover lost ground to take the discourse...
More »India's population to surpass China's by 2025
India will overtake China in terms of population by 2025, an analysis of the provisional Census, 2011 data suggests. With more than 1.2 billion people, India has about 17.5 per cent (every sixth person in the world is an Indian) of humanity. China is the only country with a larger population, with 144 million more people. The United Nations has estimated that the Indian population grew at an annual rate of...
More »Hasan net widens to Puducherry LG, Maya secy by Pradeep Thakur
Investigation in the Hasan Ali case has reached a crucial stage with the Enforcement Directorate (ED) deciding to question Puducherry lieutenant governor Iqbal Singh and UP chief minister Mayawati's principal secretary Vijay Shankar Pandey in the $8 billion money-laundering probe. While summons were issued to Iqbal Singh on Friday, ED is likely to issue notice to Pandey in the next few days asking him to appear for questioning, sources said. Faced with...
More »A Table for Nine Billion by Aprille Muscara
As the World Bank and International Monetary Fund convene for their annual Spring Meetings here, soaring food prices are high on the agenda, prompting some analysts to fast-forward to 2050 and the question of how to nourish the mid-century's estimated world population of 8.9 billion people – the majority of whom will live in developing countries. "More poor people are suffering and more people could become poor because of high and...
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