Lapses News

Companies

Inside the audit lapses that led to IL&FS crisis

How did auditors fail to notice a crisis that had been brewing on IL&FS’ balance sheets for several years?

10 min read21 May 2019
Politics

The autopsy report

Forensic investigations in India are done by doctors who are neither trained nor qualified, leading to endless legal stalemates

34 min read7 Sep 2018
Market

Sebi proposes tighter rules for auditors, valuers

The Kotak Committee on corporate governance last year recommended that the Sebi should have clear powers to act against auditors, valuers with statutory duties under the securities law

1 min read14 Jul 2018
Industry

Finance ministry seeks RBI’s view on lapses in banking system

The Department of Financial Services has written a letter to the RBI to explain the shortcomings in the system which let the fraud at PNB to go undetected for 7 years

1 min read19 Feb 2018
Politics

Amarnath Yatra attack puts focus on Pakistan-sponsored terror

Amarnath Yatra attack seems to be a sign that terrorists in the valley, out of a sense of desperation, are training guns on softer, defenceless targets, says senior official

3 min read12 Jul 2017
Politics

Amarnath Yatra attack: India will never be bogged down by cowards, says PM Modi

Narendra Modi strongly condemns the terror attack on Amarnath pilgrims in Kashmir

1 min read11 Jul 2017
Politics

Amarnath yatra attack: Rajnath Singh calls high-level meeting to review security situation

A high-level central team led by MoS for home Hansraj Ahir will visit Jammu and Kashmir to assess the security of the pilgrimage following the Amarnath yatra attack

1 min read11 Jul 2017
Politics

Amarnath Yatra attack a crime against humanity, says Sonia Gandhi

Sonia Gandhi condemns attack on Amarnath Yatra, calls for decisive action against its perpetrators

1 min read11 Jul 2017
Politics

Govt may be lenient with traders on procedural lapses in GST’s first year

Although the GST council is confident that small and medium businesses are prepared for GST, given the enormity of the reform, central and state authorities are likely to be lenient

2 min read10 Jun 2017
Market

NSE accepts vice chairman Ravi Narain’s resignation, may settle probe with Sebi

Ravi Narain had resigned last week as Sebi intensified its probe into alleged lapses in high-frequency trading offered via the National Stock Exchange's co-location facility

1 min read8 Jun 2017
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

25 Articles