/
•
•
Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
Two years after its creation to deal with an alarming number of potential audit lapses in India, the NFRA continues to be sidelined.
Editor's note: The story goes something like this. The chairman of a newly minted regulator is called as the chief guest for an inaugural address to its industry event. He accepts. But wait, the chairman says he needs one clean hour. Anything less and his time will be spent only in congratulating the industry on doing a good job during the pandemic. The organizers aren’t sure. “But the minister will speak in that session and we can’t time him. One hour for you is too long in the inaugural session, please cut it down to 15-20 minutes,” the organizers say. The chairman is adamant. “Not possible,” he says. As it always happens, a compromise is reached and the chairman gets his one hour on the second day of the three-day conference. All parties breathe a sigh of relief. Too early though. Two days before the commencement of the conference on 24 December, the chairman receives an email from the organizers. It says, sir, you are out. Miffed, the chairman uploads his entire speech on the regulator’s website, along with a note giving …
Two years after its creation to deal with an alarming number of potential audit lapses in India, the NFRA continues to be sidelined.
Editor's note: The story goes something like this. The chairman of a newly minted regulator is called as the chief guest for an inaugural address to its industry event. He accepts. But wait, the chairman says he needs one clean hour. Anything less and his time will be spent only in congratulating the industry on doing a good job during the pandemic. The organizers aren’t sure. “But the minister will speak in that session and we can’t time him. One hour for you is too long in the inaugural session, please cut it down to 15-20 minutes,” the organizers say. The chairman is adamant. “Not possible,” he says. As it always happens, a compromise is reached and the chairman gets his one hour on the second day of the three-day conference. All parties breathe a sigh of relief. Too early though. Two days before the commencement of the conference on 24 December, the chairman receives an email from the organizers. It says, sir, you are out. Miffed, the chairman uploads his entire speech on the regulator’s website, along with a note giving …
While the regulator’s interim order alleges massive irregularities, the long arc of unfinished probes, hearings and appeals makes closure distant.
With the test-prep company struggling, Munjal wants Rs 200 crore each for co-founders to leave, exposing India’s broken founder-investor power dynamic.
Info Edge’s consistent efforts to figure out what went wrong at its investee company 4B Networks are a welcome change in the Indian startup ecosystem.
While the regulator’s interim order alleges massive irregularities, the long arc of unfinished probes, hearings and appeals makes closure distant.
With the test-prep company struggling, Munjal wants Rs 200 crore each for co-founders to leave, exposing India’s broken founder-investor power dynamic.
Info Edge’s consistent efforts to figure out what went wrong at its investee company 4B Networks are a welcome change in the Indian startup ecosystem.
