Sebi has also relaxed time-gap required between two board meetings & companies have been given time till 15 May for filing quarterly governance reports.
Bank’s lending growth was substantially over the average credit growth of the banking industry, with experts saying the board should have been more proactive in flagging it.
Now that SEBI has started the clean-up, it must take its broom to the dark crevices. Even the conduct of bigger intermediaries needs closer supervision.
Under fire in the wake of whistleblower complaints on alleged accounting lapses at Infosys, Nandan Nilekani had said company processes were so strong that even God couldn't change the numbers.
The narrations linked to ‘Ghazwa-e-Hind’ sit far outside authenticated Hadith literature, yet modern amplification has turned a weak report into a slogan with political afterlife.
Once acquired by IAF, the medium transport aircraft (MTA) will replace both AN-32s and IL-76s, it is learnt. The idea behind the revamp is to meet modern operational needs.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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