Author: BharatSpeaks
A Member of Parliament from the Communist Party of India (Marxist) has written to President Droupadi Murmu, urging her to intervene in what he describes as a “disturbing and unconstitutional” move by the Comptroller and Auditor General (CAG) of India to engage private audit firms in public sector audits. Su Venkatesan, the MP from Madurai, raised concerns over a recent tender floated by the CAG inviting private Chartered Accountant firms to assist in audits of government-owned companies and local bodies under the provisions of the Companies Act. In his letter dated June 3, Venkatesan warned that such outsourcing could seriously…
The Governor of the Reserve Bank of India, Sanjay Malhotra, has reiterated deep concerns over the unregulated growth of cryptocurrencies, warning that digital assets could undermine the country’s financial stability and interfere with the effectiveness of monetary policy. Speaking at a press briefing following the RBI’s monetary policy review, Governor Malhotra emphasized the central bank’s persistent unease with the speculative and decentralized nature of cryptocurrencies, which he said continue to pose macroeconomic risks. “We are concerned about crypto because that can hamper financial stability and monetary policy,” Malhotra stated, signaling that while there are no immediate regulatory changes, the issue…
As financial crimes grow in complexity and sophistication, forensic audits have emerged as a cornerstone in the battle against corporate fraud. At the heart of this investigative process are Chartered Accountants (CAs), whose evolving role now extends far beyond conventional audits and compliance checks. What was once a specialized domain is now mainstream, with regulators, courts, and law enforcement agencies increasingly relying on CAs to identify, document, and explain financial irregularities. Their work is helping shape both legal outcomes and internal reform within some of India’s largest institutions. From Auditors to Investigators Forensic audits, unlike routine statutory audits, are designed…
India has officially become home to the world’s third-largest metro rail network, following a decade-long infrastructure push that has transformed urban mobility across the country. With more than 1,000 kilometers of operational tracks now spanning 23 cities, India joins China and the United States at the top of the global metro league. The announcement was made by President Droupadi Murmu during her address to a joint session of Parliament, where she hailed the country’s rapid expansion of urban transit infrastructure as a cornerstone of India’s commitment to sustainable development and economic inclusivity. “In 2014, metro services were limited to just…
In a landmark moment for Indian engineering and regional connectivity, Prime Minister Narendra Modi on Thursday inaugurated the Chenab Rail Bridge in Jammu and Kashmir — a monumental structure now officially recognized as the highest railway bridge in the world. Towering 359 meters (1,178 feet) above the riverbed of the Chenab in the Reasi district, the steel arch bridge surpasses the height of the Eiffel Tower, setting a new global record in rail infrastructure. With a span of 1,315 meters, the bridge is a pivotal element of the Udhampur–Srinagar–Baramulla Rail Link (USBRL) project, designed to seamlessly connect the Kashmir Valley…
In a public feud that has rapidly spiraled into a political spectacle, Elon Musk and former U.S. President Donald J. Trump have traded sharp words, personal allegations, and economic threats—further exposing fault lines between the country’s most powerful business magnate and one of its most divisive political figures. The confrontation, which began with Musk’s vocal opposition to Trump’s proposed “One Big Beautiful Bill”—a sweeping economic package aimed at tax reform and infrastructure—has grown into something far more incendiary, dragging in issues of federal contracts, the Jeffrey Epstein case, and past presidential elections. A Legislative Dispute Becomes a Personal Grudge Musk,…