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Explained: Why Deloitte Faced Rs 2 Crore Penalty Over Zee Audit
The National Financial Reporting Authority (NFRA) has slapped a penalty of Rs 2 crore on Deloitte Haskins & Sells LLP, along with a fine on two chartered accountants for lapses in the audit of Zee Entertainment Enterprises Ltd (ZEEL).
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Financial Watchdog NFRA Fines Deloitte Rs 2 Crore Over Zee Audit
The National Financial Reporting Authority (NFRA) has imposed a fine of Rs 2 crore on Deloitte Haskins & Sells LLP as well as penalties on two chartered accountants for lapses in the auditing of Zee Entertainment Enterprises Ltd
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UNODC Proposes Penalties for Unlicensed Crypto Firms in Southeast Asia to Combat Growing Cyber Fraud
In response to the surge in cyber fraud across Southeast Asia, the UNODC has recommended penalizing unlicensed crypto firms, which are being exploited by money launderers to enable illegal transactions. The report emphasizes the need for authorities to "identify and prevent" unregulated and unlicensed Virtual Asset Service Providers (VASPs), partic...
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Reliance Capital's Joint Auditor Guilty Of Overlooking Fraud: Regulator
The National Financial Reporting Authority (NFRA) has held the joint auditor of Reliance Capital guilty of professional misconduct for deliberately overlooking the Price Waterhouse (PW) report of suspected fraud regarding loans and investments.
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India Being Urged to Restore UPI Access for Users of Crypto Exchanges: Report
The financial authorities of India have received multiple proposals, urging them to allow the integration of UPI with crypto transactions. The initiative is being spearheaded by India’s crypto advocacy group, the Bharat Web3 Association (BWA).
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Regulators Should Be A Step Ahead To Deal With Digitisation: Nirmala Sitharaman
Nirmala Sitharaman on Tuesday said regulators and other entities should be well advanced and ahead of the curve in understanding digitisation
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‘Nothing Grows as Fast as Cryptocurrency’: Kyrgyzstan Deputy of Parliament Bats for Crypto
Karim Xanzheza, Deputy of the Parliament of Kyrgyzstan, has called for a sincere consideration of legalising cryptocurrency in the central Asian nation. The politician has urged financial authorities to consider research and development on a national digital currency as well.
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India's Main Cities Record Sharp Fall In Covid Infections
The national capital Delhi and financial hub Mumbai have reported a big fall in COVID-19 infections in the past two days and most of those who contracted the virus have recovered at home, authorities said on Monday.
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Regulator Finds Serious Flaws In IL&FS Transportation's Audit Review
National Financial Reporting Authority noted that initial appointment and continuation of the company's audit firm was "prima facie illegal and void".
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A Health Check Of Shadow Banks Points To Prolonged Crisis: Report
Authorities have taken more steps recently to help the shadow bank sector, which plays a vital role in getting money to everyone from small merchants to property tycoons. Some observers see an extended battle, as the nation's slowing economy complicates those efforts.
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Crisis-Hit IL&FS Needs 100 Crore Rupees Monthly To Stay Afloat: Report
IL&FS will also be the test case for National Financial Reporting Authority(NFRA), the source said.
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Rs 5 Billion Cheque-Bounce Hits China-Pak Corridor Contractors: Report
A number of road projects in the $52 billion China-Pakistan Economic Corridor are facing hurdles as Pakistan's National Highway Authority faces a financial crisis, the Pakistani media reported today. Pakistan-based newspaper Dawncited sources as saying that contractors stopped work on several CPEC projects after their cheques worth over Rs 5 billio...
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Canara Bank Shares Tumble After CBI Charges Ex-Chairman In Loan Fraud Case
The case is the latest in a string of bank frauds reported to authorities in the aftermath of a sprawling $2 billion fraud that was unearthed weeks ago at Punjab National Bank (PNB).
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PNB Case Fallout: Government Constitutes NFRA To Keep A Watch Over Auditors
Section 132 of the Companies Act provides for the constitution of National Financial Reporting Authority. The cabinet approved its constitution on Thursday
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Axis Bank Denies Local Media Report Of Threat To Its Banking Licence
Axis, India's third-biggest private sector bank, said last week it had suspended some 19 employees over alleged breaches.
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Explained: Why Deloitte Faced Rs 2 Crore Penalty Over Zee Audit
The National Financial Reporting Authority (NFRA) has slapped a penalty of Rs 2 crore on Deloitte Haskins & Sells LLP, along with a fine on two chartered accountants for lapses in the audit of Zee Entertainment Enterprises Ltd (ZEEL).
-
Financial Watchdog NFRA Fines Deloitte Rs 2 Crore Over Zee Audit
The National Financial Reporting Authority (NFRA) has imposed a fine of Rs 2 crore on Deloitte Haskins & Sells LLP as well as penalties on two chartered accountants for lapses in the auditing of Zee Entertainment Enterprises Ltd
-
UNODC Proposes Penalties for Unlicensed Crypto Firms in Southeast Asia to Combat Growing Cyber Fraud
In response to the surge in cyber fraud across Southeast Asia, the UNODC has recommended penalizing unlicensed crypto firms, which are being exploited by money launderers to enable illegal transactions. The report emphasizes the need for authorities to "identify and prevent" unregulated and unlicensed Virtual Asset Service Providers (VASPs), partic...
-
Reliance Capital's Joint Auditor Guilty Of Overlooking Fraud: Regulator
The National Financial Reporting Authority (NFRA) has held the joint auditor of Reliance Capital guilty of professional misconduct for deliberately overlooking the Price Waterhouse (PW) report of suspected fraud regarding loans and investments.
-
India Being Urged to Restore UPI Access for Users of Crypto Exchanges: Report
The financial authorities of India have received multiple proposals, urging them to allow the integration of UPI with crypto transactions. The initiative is being spearheaded by India’s crypto advocacy group, the Bharat Web3 Association (BWA).
-
Regulators Should Be A Step Ahead To Deal With Digitisation: Nirmala Sitharaman
Nirmala Sitharaman on Tuesday said regulators and other entities should be well advanced and ahead of the curve in understanding digitisation
-
‘Nothing Grows as Fast as Cryptocurrency’: Kyrgyzstan Deputy of Parliament Bats for Crypto
Karim Xanzheza, Deputy of the Parliament of Kyrgyzstan, has called for a sincere consideration of legalising cryptocurrency in the central Asian nation. The politician has urged financial authorities to consider research and development on a national digital currency as well.
-
India's Main Cities Record Sharp Fall In Covid Infections
The national capital Delhi and financial hub Mumbai have reported a big fall in COVID-19 infections in the past two days and most of those who contracted the virus have recovered at home, authorities said on Monday.
-
Regulator Finds Serious Flaws In IL&FS Transportation's Audit Review
National Financial Reporting Authority noted that initial appointment and continuation of the company's audit firm was "prima facie illegal and void".
-
A Health Check Of Shadow Banks Points To Prolonged Crisis: Report
Authorities have taken more steps recently to help the shadow bank sector, which plays a vital role in getting money to everyone from small merchants to property tycoons. Some observers see an extended battle, as the nation's slowing economy complicates those efforts.
-
Crisis-Hit IL&FS Needs 100 Crore Rupees Monthly To Stay Afloat: Report
IL&FS will also be the test case for National Financial Reporting Authority(NFRA), the source said.
-
Rs 5 Billion Cheque-Bounce Hits China-Pak Corridor Contractors: Report
A number of road projects in the $52 billion China-Pakistan Economic Corridor are facing hurdles as Pakistan's National Highway Authority faces a financial crisis, the Pakistani media reported today. Pakistan-based newspaper Dawncited sources as saying that contractors stopped work on several CPEC projects after their cheques worth over Rs 5 billio...
-
Canara Bank Shares Tumble After CBI Charges Ex-Chairman In Loan Fraud Case
The case is the latest in a string of bank frauds reported to authorities in the aftermath of a sprawling $2 billion fraud that was unearthed weeks ago at Punjab National Bank (PNB).
-
PNB Case Fallout: Government Constitutes NFRA To Keep A Watch Over Auditors
Section 132 of the Companies Act provides for the constitution of National Financial Reporting Authority. The cabinet approved its constitution on Thursday
-
Axis Bank Denies Local Media Report Of Threat To Its Banking Licence
Axis, India's third-biggest private sector bank, said last week it had suspended some 19 employees over alleged breaches.
