With reference to Anup Roy’s report, “Reserve Bank extends ‘rest’ period for auditors to 6 years” (July 28), the grounds on which this decision was taken are justified. They are also suggestive of the unethical practices being followed by professionals and banks alike.
Regulatory oversight alone cannot ensure best practices of governance in organisations that manage huge resources, including public funds. Diminishing public trust in professionals is a matter of worry not only for the government or regulators, but also for the citizen and taxpayer. Even the possibility of lateral movement of individuals from one chartered accounting(CA) firm to another can reduce the impact of forced “rest” periods.
The only option is self-regulationby professional bodies. The institute of CAs, the Reserve Bank of India and banks should expose unethical approaches by individual firms and their employees. If proven guilty, the firms/individuals in question should be punished. If there are legal hurdles, the government needs to step in.
NAVAGRAHA STOTRAM* According to astrology, the positions of the nine planets in the twelve constellations of the zodiac and their movements are considered to be quite significant. The nine planets ‘Navagraha’ affect every aspect of human life. They play an important role in the activities, physical and mental health and life of any individual. The unfavorable positioning of any of these planets can be the cause of problems, bad health, and stagnation for many people. However, there is a solution to avoid the ill effects of the position and movement of the ‘Navagraha’ in our lives. Navagraha mantras (or stotram) are simple mantras which work as powerful healing tools to reduce the negative effects of any of the nine planets. These mantras are Hindu holy hymn addressing the nine planets. Benefits Of Navagraha Stotram And The Way to Practice The Navagraha Stotram is written b y Rishi Vyasa and is considered to be the peace mantra for the nine planets. They are powerful m
'His Masters Voice' (HMV) had once published a pamphlet giving the history of gramophone record. Gramophone was invented by Thomas Alva Edison in the 19th century. Edison, who had invented many other gadgets like electric light and the motion picture camera, had become a legend even in his own time. When he invented the gramophone record, which could record human voice for posterity, he wanted to record the voice of an eminent scholar on his first piece. For that he chose Prof. Max Muller of England (a German by ethnicity), another great personality of the 19th century. He wrote to Max Muller saying, “I want to meet you and record your voice. When should I come?” Max Muller who had great respect for Edison asked him to come on a suitable time when most of the scholars of the Europe would be gathering in England. Accordingly, Edison took a ship and went to England. He was introduced to the audience. All cheered Edison’s presence. Later
Welcome to Warrier's COLLAGE On Thursday November 11, 2021 Agre Pashyami... https://youtu.be/KUffn-CXm98 (P Leela : Narayaneeyam) Good Morning Nice Day M G Warrier A Current Affairs 1) Media Response To The Editor The Hindu Letters November 10, 2021 Consensus on legislative proceedings The legislative bodies in India, top to bottom, from parliament to panchayats have become notorious for mismanagement of working hours. On several occasions, there is continuous disruption of official proceedings, sometimes affecting scheduled business for weeks. A solution to this malady will be dependent on an all party consensus on regulated and disciplined functioning of legislatures. In both houses of parliament and several state assemblies, pre-lunch walkouts by opposition members have become a regular affair. Arguments for, include attracting media attention and creating public awareness about social and economic issues, where immediate legislative/government action is co