Thursday, Jun 21 2018 | Time 14:00 Hrs(IST)
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  • Life comes to grinding halt due to strike in Kashmir
  • Omar mocks PDP, BJP; says they took cue from Bollywood movies to craft 'divorce'
  • Thousands participate in International Yoga Day fete in Telangana
  • New Zealand PM gives birth to girl
  • Trump backs down on migrant family separations policy
  • Twelve killed as tractor-trolley hits jeep in Morena
  • Ten godowns destroyed in fire at Mumbra
  • Thousands perform Aasanas to mark the 4th International Yoga Day in Karnataka
  • Yoga 'biggest mass movement' that has shown world path from illness to wellness: PM
  • Yoga has taught entire world to remain healthy
  • Yoga has become “Health Hamper for World’s Wellness”: Naqvi
  • EPS urges PM to take steps to repatriate 21 TN fishermen stranded in Iran
  • Geelani, Mirwaiz put under house arrest in Srinagar
  • US identifies N Korea missile test site it says Kim committed to destroy
  • High action in offing at National Racing Championship this weekend
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South Africa's central bank denies directing banks on KPMG ties

JOHANNESBURG, Oct 6 (Reuters) South Africa's central bank said on Friday it had not given banks any instructions on their relationships with KPMG as a result of a scandal involving the auditing firm.
Sources told Reuters last week that the central bank had told top South African lenders they cannot fire KPMG, because this might undermine financial stability.
"The South African Reserve Bank would like to state categorically that it has not instructed banks on what steps they should, or should not take, with regards to their contracts with KPMG," the central bank said in a statement.
KPMG sacked its South African leadership last month after it said it had found work done for companies owned by the Gupta family, who are close friends of President Jacob Zuma, "fell considerably short" of its standards.
The Guptas and Zuma have denied any wrongdoing.
Several companies have fired KPMG as a result of its alleged involvement in the scandal, with South Africa's branded consumer products firm AVI Limited the latest firm to drop the global auditor.
Governor Lesetja Kganyago said on Sept. 21 the central bank was concerned about "regrettable" practices at KPMG and would engage banks and audit firms so that the regulator was better placed to manage any financial stability risk.
"These engagements have taken place but at no point did the SARB instruct banks on how they should deal with KPMG," it said.
KPMG South Africa's chief executive on Thursday told lawmakers the company would implement reforms to ensure the firm did not repeat "greatly disappointing" work it did for the Gupta family.
REUTERS AKC1549
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New Zealand PM gives birth to girl

21 Jun 2018 | 1:52 PM

Wellington, June 21 (UNI) New Zealand's Prime Minister Jacinda Ardern has given birth to her first child, a girl weighing 3.

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Trump backs down on migrant family separations policy

21 Jun 2018 | 1:49 PM

Washington, June 21 (UNI) US President Donald Trump has bowed to public pressure and signed an executive order promising to "keep families together" in migrant detentions, a BBC News report said on Thursday.

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UN celebrates first Int'l Day of Yoga

UN celebrates first Int'l Day of Yoga

21 Jun 2018 | 12:16 PM

United Nations, Jun 21 (UNI) Over 100 people, including diplomats and UN staff, performed yoga at UN headquarters to celebrate the first ever International Day of Yoga.

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Pokhrel to officiate PM's duties during Oli's China visit

21 Jun 2018 | 9:54 AM

Kathmandu, Jun 21 (UNI) Nepal Deputy Prime Minister and Defence Minister Ishwar Pokhrel will look after the administrative duties of Prime Minister KP Sharma Oli, as the acting PM, during the latter’s visit to China.

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Renowned humourist Mushtaq Ahmad Yousufi to be laid to rest in Karachi

21 Jun 2018 | 8:39 AM

Islamabad, June 21 (UNI) Renowned writer and humourist Mushtaq Ahmad Yousufi, who passed away after a protracted illness, will be laid to rest in Karachi Thursday afternoon.

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