Category: Misc

President signs Coal and Insurance Ordinances

President Pranab Mukherjee has signed two key ordinances on Coal & Insurance The Coal Mines (Special Provisions) Bill, 2014, was passed by the Lok Sabha, but could not be taken up for discussion in the Rajya Sabha due to which the government…

FDI Policy introduced for Construction Sector

The government on Wednesday notified the foreign direct investment (FDI) policy in the construction sector to stimulate overseas investment in real estate. While the policy removes some of the anomalies with regard to the minimum lock-in period and floor area…

RISK BASED AUDIT OF BANKS

Historically, the audit system in banks has been concentrating on transaction testing, testing of accuracy and reliability of accounting records and financial reports and adherence to legal and regulatory requirements. However, in the changing scenario such testing by itself would…