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Union Cabinet approves establishment of NFRA to oversee auditors

The Union Cabinet has approved the establishment of National Financial Reporting Authority (NFRA). The NFRA will act as an independent regulator for the auditing profession which was one of the key changes brought in by the Companies Act 2013. The jurisdiction of NFRA for investigation of Chartered Accountants and their firms will be extended to ..

Sankara Rao appointed as new MD & CEO of India Infrastructure Finance Company Limited (IIFCL)

Sankara Rao has been appointed as the new Managing Director & Chief Executive Officer (CEO) of the India Infrastructure Finance Company Limited (IIFCL). According to an order issued by the Department of Personnel and Training (DoPT), the Appointments Committee of the Cabinet (ACC) has approved his appointment to the post for a period of 3 ..