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Presidential Election 2017: Nomination Process Begins - 10 Points

Presidential Election 2017: Nomination Process Begins – 10 Points

Presidential Election 2017: Nomination Process Begins – 10 Points

All India | Edited by Shylaja Varma | Updated: 14 June 2017 16:08 IST
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13 incredible women of the world’s richest men (Hooch)

Presidential Election 2017: the nomination process begins – 10 pointsLes elections fourteenth president of India will be held on July 17.

NEW DELHI: The Electoral Commission of India has opened the procedure for the submission of the application for the fourteenth president of India today. The nomination process will end in two weeks, June 28 President Pranab Mukherjee, who ended in July, the Center and opposition parties led by Congress have stepped up efforts to find a suitable candidate.

Opposition parties are meeting in the capital today to establish their joint strategy and propose a candidate unanimously. BJP leader Amit Shah formed a group of three Cabinet ministers on Monday to find common ground with NDA allies in the election of a candidate.

Here are the 10 best moments during the presidential elections of 2017:
An election will be held if the government and the opposition did not reach a consensus and decided to enter independent candidates.

House and Rajya Sabha lawmakers and state legislators who make up the electoral college vote in the July 17 elections. The strength of the polling station is 10,98,903.

Applicants or their representatives may submit nomination papers with Rs. 15, no later than June 28th The documents will be reviewed on June 29 Only candidates one candidate backed by 50 voters and supported by another 50 can submit an application.

Candidates may withdraw their application by July 1.
The vote will take place on July 17 from 10:00 a.m. to 5:00 p.m. At polling places determined by rules. The results will be reached on July 20.

Ministers Rajnath Singh, Arun Jaitley and M Venkaiah Naidu are part of the panel formed by Amit Shah who consult with their allies.
The sources said a candidate from the National Democratic Alliance (ADN) must send his application by June 23

Last month, Congressional President Sonia Gandhi hosted a luncheon for leaders of the 17 opposition parties in order to find a joint opposition candidate for the president.
The TMC chief and West Bengal’s chief minister, Mamata Baneree, suggested that the Center and the opposition supported a candidate by consensus.

Some likely candidates for opposition leader Janata Dal (States) Sharad Yadav, former governor of Bengal Gopalkrishna Gandhi and former president of Lok Sabha Meira Kumar.

Rodman’s gives Kim the gift of Trump

Rodman’s gives Kim the gift of Trump

Rodman’s gives Kim the gift of Trump

Dennis Rodman has sent a message from President Donald Trump in North Korea.

On Thursday, the former NBA player gave the country’s Sports Minister a copy of Trump’s book titled “The Art of Boxing”, a gift for North Korean leader Kim Jong Un.

It was not signed by Mr. Trump, who was the boss of M. Rodman for two seasons of the reality show “Celebrity Apprentice”. M. Rodman said his visit had nothing to do with the White House.

Some other highlights of what has so far been a small trip to Pyongyang often extravagant celebrity, who visited the North four times before,

While his previous visits in 2013 and 2014 have often sparked controversy, M. Rodman said this week that he is there just to meet old friends and have a good time.

M. Rodman also met with the North Korean Olympic athletes, including the judo gold medal Un Kum-ae.

“All of you should be proud of all of you, because, you know, a lot of people do not give him the confidence, because it’s a small country and not a lot of North Korea can not compete in the world,” Rodman has said.

“An old friend”

M. Rodman, one of the few Westerners to have personally met Kim Jong Un, was criticized for an earlier trip when he sang “Happy Birthday” to M. Kim and suggested that an American missionary was to blame for his imprisonment in North Korea , The comments for which he later apologized.

But the Sports Minister said that M. Rodman lives with affection in Pyongyang.

“In the past, our respected supreme leader met many times and used his valuable time to see the basketball game with players he brought here. In the past, we met you, so our people all know well,” Said M. Kim Il Guk M. Rodman. “And we think you’re an old friend.”

There is no role in the student’s release

The arrival of M. Rodman Tuesday came hours after the North has decided to release Otto Warmbier, a university student from the United States who had been imprisoned for 15 years with hard work trying to steal a propaganda banner.

M. Warmbier, who had been confined for 17 months, reportedly fell into a coma shortly after his training and Pyongyang issued a statement Thursday saying he had decided to let him go for “humanitarian reasons.”

Officials from Washington and Pyongyang stated that M. Rodman played no part in the liberation. Discussions on the subject of M. Warmbier were under way long before his visit.

Warmbier, a student at the University of Virginia for 25 years, was convicted in a one-hour trial in North Korea’s Supreme Court in March 2016. It took 15 years in prison with hard work for subversion after tears Of tears had attempted to steal the banner of propaganda.

The publication report of M. Warmbier the official official of the North Korean agency did not mention the health of M. Warmbier.

Although US citizens are not barred from visiting North Korea, the State Department strongly recommends it.

Somalia bombing: At least 18 dead in Mogadishu, 20 others held hostage by Al-Shabaab militants

Somalia bombing: At least 18 dead in Mogadishu, 20 others held hostage by Al-Shabaab militants

Somalia bombing: At least 18 dead in Mogadishu, 20 others held hostage by Al-Shabaab militants

A bomb attack by Al Shabaab militants at two neighboring restaurants in the Somali capital, Mogadishu killed 18 people. Further information revealed that gunmen were killed by security forces.

The attack began around 8 pm Wednesday night with a suicide bombing at the restaurant and club at Trata Post, after which gunmen stormed the nearby Pizza House restaurant. Both sites are popular with wealthy, young and diaspora Somalis and were busy Wednesday with clients who have broken their Ramadan fast.

“The operation is over and the armed men were killed by security forces,” said Mohamed Ahmed Arab, a spokesman for the Somali Security Ministry.

Armed security forces and rescue personnel are seen at the scene of an attack in front of a hotel in Mogadishu. Security forces and rescue personnel ReutersArmed at the scene of an attack in front of a hotel in Mogadishu. Reuters
“They attacked places of business and killed innocent civilians, 18 civilians were killed, including one Syrian citizen, and more than 10 were injured,” he said.
According to statements, gunmen spent the night traveling through the restaurant and killed those they found trapped before the security forces are being produced.

Gunmen had at least 20 people held hostage in a restaurant, police said.

“Fighter jets are still inside Pizza House and they welcome more than 20. We do not know how many are alive or dead,” Ibrahim Hussein, a police chief, told Reuters.

On Wednesday, police said nine people, mostly women who were members of the hotel, were killed in the attack. Security officials said a suicide bomber had driven a car laden with explosives into the hotel entrance before gunmen did not take the restaurant assault.

“A suspect Aboriginal car is parked in front of Pizza House. This and snipers makes it difficult for security forces to move inside,” said Hussein.

Other officials said the victims inside the hotel were safely evacuated, but there are likely to be lower casualties. Al-Shabaab claims the attack; The group carried out a campaign of suicide bombings, in order to overthrow the Somali government and impose a strict interpretation of Islam.

“A mujahid (wrestler) with his car bomb was martyred after entering the elegant hotel, a nightclub. The operation continues,” Abdiasis Abu Musab, a spokesman for the group told Reuters.

Since it lost large swathes of territory to maintain AU peacekeeping forces supporting the government, the group has frequently launched incursions and deadly attacks in Mogadishu and other areas controlled by the federal government.

The East African country has been affected by armed conflict since 1991, when clan-based clan war overthrew dictator Siad Barre and then turned to one another.

Market Live: Sensex jumps 250 pts; pharma & IT stocks rally, Divis Labs zooms

Market Live: Sensex jumps 250 pts; pharma & IT stocks rally, Divis Labs zooms

Market Live: Sensex jumps 250 pts; pharma & IT stocks rally, Divis Labs zooms

Moneycontrol News

12 h 17 h update of stock market benchmarks hold gains in the morning, Sensex increasing by 252.92 points or 0.81% and 31 613.55.

Approximately 1,479 advanced populations versus 885 participations decreased BSE.

Meanwhile, the pre-opening session in the NSE resumed, with the skillful increased 47.50 points or 0.49% to 9,713.30.
11:59 am Normal trade: The National Stock Exchange said it would start its normal trade at 12.30.

Operation of the pre-opening session will be held for seven hours from 12 a.m. to 3 p.m.-10 p.m., he added.

11:57 buzz: Divis Labs has risen more than 15 percent from the day as the US Food and Drug Administration will lift import alert 99-32 at the company’s II Unit in Visakhapatnam.

The FDA issued a warning to imports, at points 99-32 and 66-40 of March 2017 and in a warning letter in May 2017 for the installation of Visakhapatnam.

Divi Laboratories has submitted detailed responses and provided updates on Form 483 and timely warning letter.

11:45 The head of the Ministry of Finance said that the government is aware of the technical problem and informed interruption NSE PADOTZKE of NSE exchanges because of software problems.

11:43. Taking expert in the NSE technician: “It is unfortunate to see this show in a day in the market reaches new heights The key element is timely communication and timely action, what is missing in this case,” said CNBC-TV18 Sanjay Dutt Of Quantum Values.

We need more transparency and the exchange of communication, he added.

11:40 The show opens Gold Bond: The Sovereign Gold Bond 2017-18 – Series II chart opened today. The cut in this type of issue has been set at Rs 2780 per gram of gold.

“The nominal value of the bond based on the simple closing price (published by India and the Association of bullion jewelers) for the 999-purity gold of the week before the subscription period, ie 07/03/01 of 2017 rose At 2830 Rs per Government of India in consultation with the Reserve Bank of India, has decided to propose a reduction of Rs 50 per gram at the nominal value of Sovereign Gold Bond “the RBI said that the pricing of the issue .

The question of the obligation will be closed on 14 July. The Government of India can, with notice, terminate the plan before the stipulated period, said the RBI.

The bonds, to be issued on July 28, will be sold through banks, shares of the holding company of India (SHCIL), designated post offices and recognized exchanges, namely the National Stock Exchange of India Limited And the Mumbai Stock Exchange.

11:34 “Do not go through the ‘clean’ message, we are still working on the problem,” said NSE.

11:30 AM NSE is closed for today’s session.

11:29. The GMR Infrastructure said Goa’s international airport has reached its fund-raiser for the proposed Mopa airport.

The bank will provide a loan of Rs 1,330 crore for the development of the Mopa airport project.

11:18 The cash market and NSE futures and options are not open to trading, although the change has already announced that it would open at 11:15.

11:17 Market Update: BSE Sensex 30 shares rose 205.14 points or 0.65% and 31 565.77.

Approximately 1,513 advanced stocks versus 720 stocks decreased in BSE.

facbook twitter googlepluse LoC firing and Doklam: Chinese strategic expert says India unwise to engage in two conflicts

facbook twitter googlepluse LoC firing and Doklam: Chinese strategic expert says India unwise to engage in two conflicts

LoC firing and Doklam: Chinese strategic expert says India unwise to engage in two conflicts

In the continuous trigger on Doklam and Control Line drawn between India and Pakistan, a Chinese strategic expert said that India is now taken care of “two wars” simultaneously and questioned the ability of Delhi to manage both.

1 Chinese strategic expert: prudent for India to participate in three conflicts simultaneously.
2Y said that China has nothing to do with the situation in Kashmir.
India is involved in Pakistan in a shootout on the Kashmir border.
With renewed firing along the Line of Control (LOC) between India and Pakistan, a Chinese strategic expert said Monday that it would be “prudent for India to engage in two conflicts at the same time.”

As for the continuous disruption and shoot Doklam Control Line, Minwang Lin, a strategic expert of the Institute of International Studies of Fudan University, said Global Time Festival, a tabloid known for its hard-line views, that the India now faces “two wars” simultaneously and questioned Delhi’s ability to manage so much.

“China has nothing to do with the situation in Kashmir but it would not be prudent for India to engage in two conflicts at the same time,” Lin said in the newspaper.

A separate commentary Sunday in the same article also linked the Kashmir issue to India’s intervention in the Doklam conflict between China and Bhutan, saying it could set a precedent for “the third-country army” to intervene in Jammu and Kashmir .

“While India has been invited to defend the territory of Bhutan, it could be limited to its established territory and not to the disputed area. Otherwise, according to the logic of India, if the Pakistani government demand , The army of a third country may enter the disputed area between India and Pakistan, including India-controlled Kashmir, “said long-standing strategic expert Xingchun, using the term with which China refers to JK.

Fire exchange in Kashmir FRONTICE
On Monday, Lin said: “There are frequent conflicts and military struggles between Kashmir areas controlled by both sides.” The newspaper said that “off the border dispute with China, India is involved in Pakistan in a cross-border Kashmir shooting.”

It was the second reference to Kashmir in a day at the Global Times, a tabloid led by the party that carried the Chinese saber on the Doklam trigger.

Sunday Xingchun Long, director of the Center for Indian Studies in West China Normal University, said in a commentary that “Indian troops invaded the Doklam region in the name of helping Bhutan, but in fact, the invasion was Thought to help India for the use of Bhutan. ”

He said that “according to the logic of India, if the request of the government of Pakistan, the army of a third country can enter the disputed area between India and Pakistan, including Kashmir controlled by India,” referring to Jammu and Kashmir.

Larga wrote that “this incursion reflects that India fears that China could rapidly continental separated from India northeastern India by military means, which are divided into two parts of India.”

“North Indians are not closely identified with India, and several armed organizations are fighting for independence from the northeastern states of India,” he said.

“India has interpreted the construction of China’s infrastructure in Tibet as having geopolitical intent against India. India itself is not able to do the same for the Northeast, so it tries to stop road construction in China.”

Panama’s business chiefs Juan Carlos Varela hope for big return from new ties to Beijing

Panama’s business chiefs Juan Carlos Varela hope for big return from new ties to Beijing

Panama’s business chiefs Juan Carlos Varela hope for big return from new ties to Beijing

Today applauded the decision of the Central American countries to establish diplomatic relations with China and hopes for Taiwan, with the hope of deepening ties with a key client of the national naval chain.

Panama’s Panamanian President Juan Carlos Varela, Panama’s Business Leaders, Diplomatic Relations, Key Customers, Central American Countries, Taiwan Although the late cost of Taiwan, an ally of various Central American nations, Broad support for the decision of President Juan Carlos Varela will launch its destiny with China.

Today applauded the decision of the Central American countries to establish diplomatic relations with China and hopes for Taiwan, with the hope of deepening ties with a key client of the national naval chain.

Although there has been regret at the price of Taiwan, an ally of various Central American countries, President Juan Carlos Varela has decided to throw his lot with China, whose growing global ambition contrasts with isolationist rhetoric US President Donald Trump.

“I am sure it was not an easy decision, given the long-term relations we have had with Taiwan, but China is a world superpower, the second world economy, the second user of the chain – and we believe this Is a positive development that will lead to more business and investment in Panama, “said Inocencio Galindo, president of the Chamber of Commerce, Industry and Agriculture of Panama.

The diplomatic change comes as China is trying to position itself as a supporter of the free trade agreement with the “Trump of America” ​​policy, which was elected in November 2016.

The Chinese authorities have also celebrated the news. Wang Weihua, a representative of the China-China Trade Development Bureau and the country’s main representative in Beijing, said several attempts have been made in recent years without success to establish formal ties.

At the end of last year, the most advanced discussions began with Varela’s team, which concluded this week, Wang said, adding that he was involved in the discussions. China is interested in Panama because of its strategic location as a center of commerce and logistics, he added.

“China has made a big bet in Latin America, where it has strategic investments, and Panama, which has no diplomatic relations, the loss of these benefits,” said he was in an interview.

“Now, Panama can enjoy what our country can offer in different sectors.” Almost a fifth of the cargo that crosses the isthmus was last year and China, which seems increasingly to the Panama Canal.

In March, channel manager Jorge Quijano said that China’s state-owned enterprises are considering the development of land around the recently enlarged water channel. A spokesman for the chain said that Quijano would address the diplomatic implications of trade on Thursday.

Taiwan’s economic aid helped support Central America, a region in the United States, which relies heavily on agriculture and the fight against laws and orders. His remaining allies were still in the future through their ties to Taiwan, which China considers a renegade province.

Panama’s chancellor, Isabel de Saint Malo, said Varela had expressed interest for ten years in establishing ties with China. It is anticipated that the move will lead to opportunities for trade, investment and tourism, especially to “export more Panamanian products in China.”

According to Panama statistics, total trade between Panama and China was worth $ 1.1 billion in 2016, or about 12 times the value of domestic trade with Taiwan. China’s exports accounted for the vast majority of them.

Alvin Weeden, a former Panama pilot, said the decision to break ties with Taipei in favor of Beijing should spur business and should have been taken years ago, given Panama’s dependence on world trade and China’s expedition.

St. Stephen’s College sets the bar at 98.5%

St. Stephen’s College sets the bar at 98.5%

St. Stephen’s College sets the bar at 98.5%

The cuts saw a marginal decline compared to last year; Shortlisted candidates will provide an aptitude test and an interview

Colegio de San Esteban on Wednesday announced its selection list for admission to degree programs based on merit. Based on this cut-off list, students will be selected for the next stage of the admissions process, which includes an aptitude test and an interview.

The highest threshold for the general category of university students is 98.5% for admission to BA (Hons.) Economics and BA (Hons.) English for exchange students.

Marginal fall

This is a 99% drop required for BA English (Hons.) Last year and a 0.3% increase in the percentage required for the BA economy (Hons.).

In addition BA sánkte (Hons.), Which was a 10% of the necessary cuts, the threshold for other courses maintained the same or has had a marginal change.

The history of BA (Hons.), B.Sc (Hons.) Physics and B.Sc (Mathematics, Physics, Computer Science) has reduced by 0.25%, 0.67% and 0.67% cut percentages Required for their one increased by 0.33% for the B.Sc program (Maths, Physics, Chemistry).

The university has published different thresholds for business, humanities, and science students with specific “attachments” for certain courses. (See table)

Separate cuts

There are separate accounts for scheduled Christian tribes, CNI of the CNI Diocese of Delhi, other Christians, the disabled Christian person, person with disabilities for subjects and private Urdu students.

The university said it received 24,168 applications for 410 places in 11 courses offered.

The courses offered by the university are BA (Hons.) In economics, English, history, philosophy and Sanskrit; B.Sc (Hons.) In mathematics, chemistry, physics; BA program and B.Sc program in physics, computer science.

Impact on depleted uranium cuts?

Commenting on whether the cuts published by the College of St. Stephen could be an indicator of what can expect cuts that the University of Delhi will release June 23, Gurpreet Tuteja, a member of the university admission committee, said of San Esteban has a selection process in two stages and is a minority institution, so his cut list can not be considered as an indicator of the AU list.

The university has reported that based on these cut marks, the shortlisted candidates for the aptitude test and interview.

“A list of candidates and their talk shows will be presented on the website and messaging forums, on June 15,” he told the university.

The weighting of the points on the qualifying examination, a written aptitude test and an interview will be 85%, 5% and 10%.

The aptitude test will last 30 minutes and will be done the same day of the interview.

The program for the essay must be on the program as the candidate candidate.

The university has specified the type of questions posed in its prospectus.

Candidates who belong to a class of persons with disabilities (PWD) and those who apply through sports fees will be exempt from the written aptitude test.

Sports admissions based on academic merit will be made up of 30% [Class XII note (15%) + interview (15%)] and Sports Awards 70% [certificates (28%) + evidence Of field (42%)]

Half of the seats are reserved for Christian candidates. The university’s first aspirants had to complete the UA’s centralized admission form and fill out the San Esteban application form, as the university follows a different procedure for admission to other universities of depleted uranium.

Lawmaker Steve Scalise Injured In GOP Baseball Shooting; Suspect James T. Hodgkinson Dies In Custody

Lawmaker Steve Scalise Injured In GOP Baseball Shooting; Suspect James T. Hodgkinson Dies In Custody

Lawmaker Steve Scalise Injured In GOP Baseball Shooting; Suspect James T. Hodgkinson Dies In Custody

An angry man against President Donald Trump unleashed a Wednesday morning fire bout of Republican members of Congress while conducting baseball training in a park in Alexandria, Virginia, inflicting Major Whif House Steve Scalise and four Another in a frenzied scene that included a long battle with the armed police.

The attacker, James T. Hodgkinson, a 66-year-old southern Illinois labor inspector, died in the shootout. Two police officers assigned to Capitol Scalise security details were injured.

Hodgkinson, who lived in his van in Alexandria for a few months, had published an anti-Trump rhetoric on his Facebook page and wrote letters in his local newspaper that accuse Republicans of what he considered a program that favors the rich.

The massive shooting, coming in the midst of severe political grudges and a divided country, reverberated through Washington and beyond, while Trump and members of Congress began unity talking for the first time since the presidential election.

Specific legislators practiced Congress baseball game, a charity contest against a Democratic team. The game will be played Thursday night at Nationals Park as scheduled.

Several members of Congress at the Eugene Simpson Park stage in Alexandria welcomed the Capitol police who committed Hodgkinson, including two wounded. One lawmaker said that members of the baseball team were easy prey if the attacker could do so in the field.
. Rep. Jack Bergman, R-Mich, a retired army general, said: “If I could win entry to the ground, that would have been a very different story,” he said.

As of Wednesday night, Scalise, La., Is still in critical condition after undergoing surgery at MedStar Washington Hospital Center, a hospital spokesman said.

A lobbyist, a police aide and the Capitol Congress also died, while a second agent was hit by shrapnel. Rep. Roger Williams, R-Texas, injured his ankle while helping others cover.

In a televised statement from the White House, Trump has called people to meet and congratulate the wounded officers.

Steve Scalise
Returning Virginia: Most House Discipline Steve Scalise was shot in the hip.
“Many lives could have been lost were it not for the heroic actions of the two Capitol agents who fired on the armed man despite the gunshot wounds in a very brutal assault,” he said.

Trump said he talked to Scalise’s wife and offered his full support to the family of Congressman, calling Scalise a friend, a patriot and a fighter. He also thanked the first responders.

“We can have our differences, but do well at times like these to remember that all those who serve in the capital of our country are here because, above all, they love our country,” Trump said.

Lawmakers and spectators described a horrible attack that began shortly after 7 am when the gunman began firing more than 50 rounds of a military-style rifle and a firearm, leading through the fence .

Scalise was shot with a bullet in his hip as he set the bases at second base, witnesses said. Then, using the pressure group and were affected, while the armed man moved methodically around the fence and the top of the plate. While Scalise was dragging the ground, leaving a trail of blood, the armed man entered a canoe, where several people were hiding.

Members of Congress stated that police officers emerged from the Capitol to the canoe, firing shots. A woman who was walking her dog heard an official shout, “Drop the weapon,” before the gunman shot himself and fell to the ground.

“House Majority Leader Kevin McCarthy, R-Calif., Has said that officers” came out in the heat to get the fire. The shooter went to the booth where the members were, and were able to shoot him.

Bank Audit Sundries and Suspense Accounts

  • In case of stationery and stamps the auditor should check the control on custody and issue of stationery items, stamps The auditor should review the process and registers for the same. Stationery items will also include Term deposit receipts drafts, pay orders, cheque books, traveler cheques, Gift Cheques etc.
  • The auditor should offer the suggestions for better control in maintenance and use of stationery.
  • The instances of lost or missing stationery should also be mentioned in the report.
  • In case of Sundries and Suspense Accounts, the auditor should obtain the details of agewise analysis of pending entries in the account, inquire about reason for entry being pending for unreasonable period and assess the position of recoverability of the amount. The auditor should exercise his judgment about making necessary provision against such amounts.
  • In case any unusual items are notices while perusing the account, the auditor should report the same.
  • The auditor should not restrict his checking only to the pending entries, but he should also look into the entries which are squared off during the audit period.

Liabilities – Deposits

  • A deposit accepted from the public is a liability for the bank. Inoperative deposit accounts could be viewed as one of the fraud prone areas. Therefore, there are certain guidelines for operations in inoperative accounts. The auditor should see whether operations in inoperative accounts are carried out as per the guidelines issued. In case the guidelines are not followed, the details of deposits should be given name of the party, the amount due, the due date, the nature of the deposits etc.
  • The auditor should also review the deposit accounts both operative and inoperative to find out whether there are any unusual large movements (whether increase or decrease) in the aggregate deposits held at the year end. In such situation, the explanation from the branch management should be obtained. The movements without proper explanation should be reported in LFAR.
  • The auditor should obtain a list of overdue/ matured deposits at the end of the year. The amount of overdue/matured deposits should be mentioned in LFAR.

Other Liabilities – Bills payable, Sundry Deposits etc.

  • The auditors should obtain age wise details of pending entries in bills payable, sundry Deposits Accounts from the branch management.
  • The details obtained should be scrutinised to find out whether there exists any unusual items or material withdrawal/debits; The auditor should take appropriate view on such items.

Contingent Liabilities

  • The auditor should see that there exists a system which gives a reasonable assurance that all contingent liabilities are identified and properly disclosed.
  • The auditor should mention the list of major items of contingent liabilities (Other than constituent’s liabilities such as guarantees, Letters of Credit, acceptances, endorsements, ) not acknowledged by the branch.
  • The auditor should also obtain representation from branch management that all contingent liabilities have been disclosed and that the disclosed contingent liabilities do not include any contingencies which are likely to result in a loss and which therefore, require consequent adjustments of assets and liabilities.

Profit and Loss Account

  • The auditor should review the system at the branch to compute the discrepancy in interest, discounts or commission and for timely adjustment thereof. The Auditor should see the guidelines of controlling office in this regard.
  • The interest and commission should be checked on test check basis to find out whether there exists proper system to compute them correctly.
  • The income recognition Norms issued by the RBI should be followed at the branch. The auditor should report any deviation in that regard.
  • The report should also mention whether there is a system to estimate and provide interest accrued on the overdue/matured deposits.
  • The auditor should carry out the analytical procedure to find out whether there are any divergent trends in major items of income or expenditure. A suitable explanation should be asked for any divergent trend from the branch management. In case the auditor is not satisfied with the explanation he should mention the same in his report with proper details for the said divergent trend.


Books and Records

  • In most of the situations, nowadays, the books are maintained in the computerised environment.
  • If the books are maintained manually, the auditor should peruse them to find out whether they are maintained properly. The balancing is done and it is properly inked out. The books are to be authenticated by proper signatory at the branch.
  • In respect of computerised environment, the hard copies of certain accounts should be printed regularly.
  • The auditor should also mention the extent of computerisation and adequacy of the access and data security measures and other internal controls.
  • The auditor may review the process of creation of new logins, change of password the administrative control to access different files or reports through computerised system. There should be maker checker system.
  • Updating of the master data should be under supervisory control. The modification in the master data should be registered to Branch Manager only.
  • The auditor should also review the contingency
    and disaster recovery plan for the computer system. Timely backups, offsite backups, should be reviewed to understand the backup procedure.
  • The auditor should also mention any suggestion for efficient operation of the computer system.

Reconciliation of control and subsidiary Records

  • The auditor should see whether the subsidiary records are tallied with the control accounts. In case there are differences the same should be reported. He should also mention the date upto which the control and subsidiary records are balanced.

Inter branch Accounts

  • Normally, the inter branch transactions are passed through Head office account. The balance in Head Office Accounts as shown in the statement should be in agreement with the Head office Account in General Ledger. In case of any difference, the reconciliation statement should be obtained. The pending entries should be scrutinised to report whether there is a system of responding the entry promptly.
  • The outstanding debit entries in the Head office




rHAL Expression of Interest for Appointment of Internal Auditors For the period 01st April 2015 to 31st March 2017 for HAL Bangalore complex,

Helicopter Complex and Design Complex, Bangalore

Hindustan Aeronautics Limited (HAL) is a Public Sector Undertaking under the Administrative control of the Ministry of Defence. Bangalore Complex, Helicopter Complex and Design Complex are three of the five Complexes under HAL. These Complexes are engaged in the Design, Manufacture, Repair, Overhaul of Aircraft/Helicopters/Engines and Aircraft accessories. These Complexes have an annual turnover in excess of Rs. 6000 Crores for the year 2013-14.

These Complexes are in the process of appointing CA firms for carrying out the Internal Audit function for each Division / Office separately for the period from 1st April’ 2015 to 31st March’2017). Keeping with the requirements of transparency and equality of opportunity, the HAL Bangalore Complex is seeking to make these appointments on the basis of tenders benchmarked against a minimum viable offer. Interested CA firms may please visit the HAL website at under tenders of Aircraft Division for more details and information on how to apply.

For Hindustan Aeronautics Ltd H.K.Prakash

DGM(P&S)-Aircraft, Bangalore