Truly Smart Cities
A lot is being talked about "Smart Cities" these days without really knowing what is a Smart City . Everyone seems to be just talking about the better amenities and robust infrastructure that is to be created . But these are mere physical parameters. To be called smart needs some other additional characteristics like the quick decision making process, effective redressals of any complaints or defficulties etc as well ,which alongwith these physical parameters and robust infrastructures should ...
Category: Uncategorized |
Tags: Truly Smart Cities
RBI V/S NPA
This is a constant struggle that one is viewing almost ever since the lending started."The major risk that the borrower takes the risk of losing his capital " is something that we all understand. Similarly, the Lender also takes a risk of losing its principal and interest thereon, if and when the things go bad.That's the way a balance is struck and the business of lending goes on and prospers.
The issue that RBI Governor Mr Rajan has raised is that there are many borrowers who either willful...
Category: Finances |
Petrol Prices.. A relief , more to GOI Exchequer !!
The recent nose dive of the petroleum prices have surprised ( happily ) almost all of us . The experts have now come to a stable view that it is not just the lower demand due to slump in the world economy but there is also an over supply position from the producing nations leading to this steep and steady fall in petrol prices
Lower petrol prices would help in reducing the costs and inflationary pressure in the importing countries like India ..but the Indian government has preferred to s...
Audit is not the Solution
Currently , after a long time, we are witnessing some debates and discussions on "Audits".. thanks to some startling revelations by ex CAG, Mr . Vinod Rai. Reading his book, indeed was a pleasure for a professional auditor like me . The book set my thoughts rolling
There are broadly two types of "Wrong Doings" which are revealed
1... That the Revenues have been under recovered , which can lead to huge Undue Enrichment of Private sector entities, and
2... That there are Excessive, un...
Category: General, Uncategorized |
PERFORMANCE AUDIT …. WHY NOT FOR LISTED COMPANIES ?
I was reading the recent book " not just an Accountant " by Vinod Rai .
An excellent book, worth a read for all auditors, in particular . It narrates the plight and complexities of the task of an auditor very lucidly.
one thing which I clearly noticed was that the real complex findings of the CAG emerged out of the Performance Audit that the CAG is called upon to perform as an auditor . The reason is simple. He is supposed to audit the Revenue and expenses for and on behalf of the people ...
