By turning a blind eye to the snakes in his own backyard, Trudeau is setting the stage for a disaster of epic proportions for his country, his people, and the world at large.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
When push comes to shove, neither independent directors nor statutory auditors seem able to prevent the most egregious failures of corporate governance, even outright fraud. Consider the cases where promoters have diverted funds – mainly borrowed from banks – to private entities controlled by them. Over invoicing of imports on an industrial scale. These violations of the law are not to be confused with poor commercial judgment that can lead firms into losses. It is almost as if the auditor’s report has no value or sanctity. It would almost be intellectually more honest for the top management to self certify its accounts. Tell the world and all important stakeholders, We are people of substance, take a long term view of our role in this company, please take us at face value. 2. A small vignette from my articleship days. We were auditing the books of the Central Bank of India, Janpath Branch. One of the ledgers I checked was a personal loan taken by one Ms Kiran Bedi to buy a TV set. She was repaying it in monthly instalments of Rs 200 …
When push comes to shove, neither independent directors nor statutory auditors seem able to prevent the most egregious failures of corporate governance, even outright fraud. Consider the cases where promoters have diverted funds – mainly borrowed from banks – to private entities controlled by them. Over invoicing of imports on an industrial scale. These violations of the law are not to be confused with poor commercial judgment that can lead firms into losses. It is almost as if the auditor’s report has no value or sanctity. It would almost be intellectually more honest for the top management to self certify its accounts. Tell the world and all important stakeholders, We are people of substance, take a long term view of our role in this company, please take us at face value. 2. A small vignette from my articleship days. We were auditing the books of the Central Bank of India, Janpath Branch. One of the ledgers I checked was a personal loan taken by one Ms Kiran Bedi to buy a TV set. She was repaying it in monthly instalments of Rs 200 …