New Delhi: The Ministry of Corporate Affairs has constituted a Committee under the Chairmanship of Shri. Adi Godrej for framing a ‘National Corporate Governance Policy’ to suggest a comprehensive policy frame work to enable corporate governance of highest quality in all classes of companies without impinging on their internal autonomy to order their affairs in their best judgment.

New Delhi: As part of the Government’s commitment to good governance and elimination of corruption, the Ministry of Finance has amended the rules to enable all the Ministries and Departments to facilitate payments by direct credit to the bank accounts of the payees. Orders have also been issued by the Controller General of Accounts (CGA) that, with effect from 1st April 2012, all payments above Rs.25,000 to suppliers, contractors, grantee and loanee institutions shall be directly credited to their bank accounts.

Mumbai: India has the highest concentration of banking entities globally and these form the backbone of the economy, contributing nearly 65 percent of the GDP in 2011. The banking sector has been witnessing dynamic growth over the last few years; and along with nationalized banks, many private and foreign banks have setup operations in India. Banks now are critically dependent on information technology (IT) to support core functions. The rising competition in this sector has led to further adoption of IT systems to streamline and automate banking processes.

New Delhi: Secretary General, Interpol, Mr. Ronald K. Noble delivered the 13th D.P.Kohli Memorial Lecture on "Multi-Jurisdictional Investigation: Operation Unmask" at the Plenary Hall, Vigyan Bhavan today. Hon'ble Union Minister of State for Personnel, Public Grievances & Pensions, Shri V. Narayanasamy presided over the function and also gave away awards to CBI officials.

Pune : Nihilent, a leading global consulting and solutions Integration Company today announced a strategic partnership with Equip Governance, Risk and Compliance (GRC), an advisory firm that provides governance, risk management and internal audit transformation solutions. Nihilent and Equip will combine their expertise to address the business challenges faced by organizations in the Financial Services, Government and State–run enterprises and Supply Chain and Logistics.