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CONTROLLER AND AUDITOR GENERAL
The accounting trick used by companies to make a weak balance sheet look strongIn one recent case, a large investment sat comfortably under equity until the auditor read the shareholders' agreement, found a buyback cla...- Inside Zepto’s IPO filing — the key takeawaysQuick commerce platform Zepto has filed its updated draft papers for public listing, revealing detailed financials and operational metrics....
- Congress questions LIC's 10.8% stake in SEBI-probed Rajesh ExportsSEBI has barred Rajesh Exports promoter and CEO Rajesh Mehta from trading securities. The regulator alleges a gigantic scam involving misre...
- Asset which sits in the balance sheet for years without moving, then suddenly wipes out all profit in a single quarterThe most dangerous number on a balance sheet is not always the one that looks wrong. It is often the one that depends heavily on management...
- CCI keeping pace with market trends, taking firm stance against cartelisation: CAGThe Competition Commission of India is aligning with evolving market dynamics, taking a bold approach against cartel activities. This vigil...
- Profit on paper, loss in reality: How a routine accounting tool is used to deceive and take investors for a rideAmortisation is a number most investors skip, but it can shape reported profit. On the surface, it looks routine: A company spreads the cos...
- Six companies, six tricks in Indian balance sheets, and how investors get taken for a rideWhenever an Indian company imports goods, borrows in foreign currency, earns overseas revenue, or runs a foreign subsidiary, forex accounti...
- Delhi to add 13 more air quality monitoring stations this yearDelhi is set to receive 13 new air quality monitoring stations this year. The Delhi Pollution Control Committee is developing 10 of these, ...
- How managements hide debt, losses, and disputes without breaking a single accounting rule – and take investors for a rideA listed company rarely operates alone. Behind it can sit a web of subsidiaries, step-down entities, associates, overseas arms, and special...
- When the acquisition looks great but the footnote doesn't: How Indian managements turn deals into balance-sheet fictionAcquisitions are among corporate finance’s most celebrated events. But the harder story usually emerges later, when the accounting begins t...
- The off-balance sheet trick didn’t die in 2019: How Indian managements still hide obligations from investorsThis is one of the most judgement-heavy corners of an Indian balance sheet and one of the easiest to stretch. This part of the series is ab...
- DoT extends AGR dues reassessment timeline for Vodafone Idea till JuneVodafone Idea's Adjusted Gross Revenue dues reassessment is now expected by June. This follows an earlier March 31 target. The telecom depa...
- Odisha to cancel allotments under discretionary quotaAfter the report was placed in the assembly in August, faulting even some leaders of the ruling BJD, opposition had challenged the governme...
- Government clears air on CAG audit provision in new Companies ActThe Act also says that the first auditor for such companies would need to be appointed by the C&AG within 60 days from the date of registra...
- Comptroller and Auditor General of India raps Meghalaya government for not controlling acid mine drainageThe acid mine drainage is the outflow of acidic water from coal mines, coal stocks and coal handling facilities which resulted in acidifica...
- CWG scam: PMO refuses information on Shunglu recommendations on CAGTo an RTI query, the Prime Minister's Office said it was being examined by a Group of Ministers (GoM) and hence exempted under the Right to...
- Illegal mining in 2006-11 resulted in lose of Rs 3414.45 croreThe illegal mining committed during 2006-11 in three districts of Karnataka has resulted in the state losing a revenue of Rs 3414.45 crore ...
- Need to overhaul government accounting norms, says CR Sundaramurti Committee reportA government-appointed committee has recommended a complete overhaul of government accounting norms with a view to enforcing transparency a...
- CAG finds serious lapses in Orissa implementing centre-funded welfare schemesCAG Report of India has found serious lapses and irregularities in implementation of various Central-funded socio-welfare measures.
- CAG finds deterioration in Bihar's fiscal positionThere was deterioration in Bihar's fiscal position in terms of trends in 2009-2010 compared to the last two years, Controller and Auditor G...
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