India Audit, Trade, Space & Corporate Affairs: Key Updates

Blitz India Business

Capital markets and audit : NFRA Forms An Audit-Quality Committee
The National Financial Reporting Authority has constituted an Advisory Committee on Audit Quality, Assurance and Technology. For listed-company boards the signal is in the third word of the title: the regulator expects the next decade’s audit quality to be decided by the tooling as much as by the standard..

Trade : The EU Pact, And Who Gains
The Union Minister of Commerce and Industry, Piyush Goyal, has said the India–European Union Free Trade Agreement opens opportunities for farmers, micro, small and medium enterprises, innovators, start-ups and businesses in both India and Europe. Only the Bureau’s own headline and summary are printed: the release body did not open on two attempts and no figure from it is reproduced.

Corporate affairs : Corporate Mitra Opens With 2,879 Learners
The first batch of the Corporate Mitra course has commenced with 2,879 learners registered. The registration count is the Ministry’s own.

Public sector audit : SECI’s ERP Apart From Its Business
In its audit of the SAP-ERP system at Solar Energy Corporation of India Limited, the Comptroller and Auditor General records that several critical modules remained unimplemented or only partly operational and that core business processes continued to be handled outside the system, with the steering committee not monitoring implementation effectively. The finding is the auditor’s; the company’s reply is not on the record this desk read.

Space economy : GSLV-F17 Completes Its Mission
The Indian Space Research Organisation records that GSLV-F17, the nineteenth flight of the vehicle, has successfully accomplished its mission and placed EOS-05 into the intended orbit — India’s first imaging satellite to work from geosynchronous orbit. For the earth-observation services market, a fixed vantage point changes what can be sold: continuity rather than revisit.

Research and industry : Seven CSIR Technologies Go To Industry
Seven technologies were licensed to named companies at a single function at CSIR Headquarters, three from the National Physical Laboratory and four from the Central Road Research Institute, alongside the release of ten Indian reference materials. Four of the seven licensees are outside the National Capital Region.

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