audit reports

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    Kerala HC Orders Corrective Steps for TDB Accounting System

    Kochi, April 8 The Kerala High Court on Wednesday said that there were "systemic irregularities" and "deep-rooted deficiencies" in the existing accounting and administrative framework of the TDB and ordered a slew of corrective measures, including implementing a fully centralised computerised...
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    RBI Procedure Sufficient for Fraud Account Classification, SC Says

    New Delhi, April 7 The Supreme Court on Tuesday said that borrowers are not entitled to a mandatory personal hearing before their accounts are classified as fraudulent by banks under the rules laid down by the Reserve Bank of India (RBI).A bench of Justices J B Pardiwala and K V Viswanathan...
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    State Audit Deficiencies: CAG Highlights Over a Decade of Unaddressed Queries

    Mumbai, March 31 The Comptroller and Auditor General (CAG) of India has highlighted "systemic deficiencies" in the governance of Maharashtra, identifying potential financial irregularities amounting to ₹891 crore across more than 10,000 audit queries that various departments had ignored despite...
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    Delhi Assembly Session Concludes After 15 Hours

    New Delhi, March 30 The Delhi Assembly's budget session concluded after over 15 hours of legislative business, said Speaker Vijender Gupta on Monday, describing it as a "productive engagement" during the proceedings."The second part of the fourth session of the eighth legislative assembly was...
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    Jammu & Kashmir Finances: Reports Submitted to Legislative Assembly

    Relevance: UrgentSubject: CM AssemblyCategory: FinanceCM Omar presents Finance and Audit Reports to Legislative AssemblyChief Minister Omar Abdullah presented copies of key financial and audit documents related to the finances of Jammu and Kashmir to the House today.Srinagar, March 28...
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    Updated Sebi Rules for Research Analyst Compliance

    New Delhi, March 25 The market regulator, Sebi, on Wednesday allowed members of the Institute of Cost Accountants of India to conduct the annual audits of research analysts and investment advisors, a move that will expand the pool of eligible professionals.Previously, only members of the...
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    Strengthening Electoral Transparency: Key Recommendations from ADR

    New Delhi, March 12 India's electoral democracy faces profound challenges from the pervasive influence of money, a new report by the Association for Democratic Reforms has said, calling for a comprehensive law to regulate political parties, stricter disclosure norms for donations, and stronger...
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    Probe Launched: Maha Govt to Investigate College Fee Irregularities

    Mumbai, March 11 – Taking the complaints regarding discrepancies in the college fee fixation process seriously, Higher and Technical Education Minister Chandrakant Patil announced in the Legislative Assembly on Wednesday that a high-level inquiry committee, headed by a retired High Court judge...
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    Punjab Congress MLAs Seek Governor's Intervention on CAG Audit Reports

    Chandigarh, March 9 A delegation of the Punjab Congress Legislature Party met Governor Gulab Chand Kataria here and raised the issue of pending CAG audit reports that have not yet been presented to the state Assembly, Leader of Opposition Partap Singh Bajwa said on Monday.The delegation...
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    Punjab Budget Session to Commence with Grant Approvals

    Chandigarh, March 6 The Punjab Cabinet on Friday approved the presentation of supplementary demands for grants for the fiscal year 2025-26 and budget estimates for the fiscal year 2026-27.This decision was taken by the council of ministers in a meeting held under the chairmanship of Chief...
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    Utilization Certificate Pendency Raises Accountability Concerns in Bihar

    Patna, February 26 The CAG has raised concerns about the non-submission of Utilization Certificates (UCs) amounting to ₹92,132.75 crore for various projects and schemes implemented by state bodies and authorities in Bihar up to March 31, 2025.The findings were highlighted in the CAG's Finance...
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