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    • Budget proposals to create strong base for growth, says ICSI

      The ICSI (Institute of Company Secretaries of India) chief also said providing enabling environment and reduction of tax rates for startups, reduction of tax litigation and development of infrastructure, among others, are commendable.

    • ICAI says banks selecting own auditors behind NPA mess

      The chartered accountants' apex body president M Devaraja Reddy, who assumed office on Friday, said the system, in which the management of a bank is authorised to select and appoint the auditor from a list provided by Reserve Bank, could have indirectly caused the NPA crisis.

    • Auditor selection system a reason for rising NPAs: ICAI Prez

      Currently, an auditor for a public sector bank is practically selected by the chairman of the respective lender unlike the earlier practice of auditor being appointed by RBI, ICAI's new President M Devaraja Reddy.

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