Friday, Oct 20 2017 | Time 23:35 Hrs(IST)
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  • 9-member gang held in preparation of fake land documents in Telangana
  • Gesture towards deceased police family in AP
  • US says 24 people harmed from recent "attacks" in Cuba
  • North Korea says to continue nuclear tests - RIA
  • Car bomb explodes on outskirts of Somali capital, killing driver -police
  • Pair of mosque attacks kill at least 50 in Afghanistan
  • 2 youths held with pistols in Hyderabad
  • Telangana Guv performs mother’s final rites; CM attended
  • 6 patients need eye operations: Lakshma Reddy
  • Rs 102.80 cr subsidy loans to BCs: Telangana CM
  • Transit facility for soldiers in Secunderabad soon
  • Kadapa Collector directs HMs to speedup biometric installations in schools
  • Kerala CM inaugurates State athletic meet
  • 103 nominations for HP Assy Election, 73 nominations on Friday
  • ....
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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
Top News
PM blames 'nervous' Congress for refusing his help for 2013 U'khand flash floods

PM blames 'nervous' Congress for refusing his help for 2013 U'khand flash floods

Kedarnath, Oct 20 (UNI) Blaming a 'nervous' Congress for blocking his efforts, Prime Minister Narendra Modi on Friday recalled that the UPA II Government, then in power in Uttarakhand, had refused his offer as Gujarat Chief Minister to rebuild the hill shrine of Kedarnath after the devastating 2013 flash floods in the hill state.

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20 Oct 2017 | 6:18 PM
Solicitor-General Ranjit Kumar steps down

Solicitor-General Ranjit Kumar steps down

New Delhi, Oct 20 (UNI) Citing family issues, Solicitor-General Ranjit Kumar, today resigned from his post, a source in the Law Ministry said.

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20 Oct 2017 | 5:29 PM
Virbhadra Singh files nomination papers in Arki

Virbhadra Singh files nomination papers in Arki

Solan, Oct 20 (UNI) Himachal Pradesh Chief Minister Virbhadra Singh and Social Justice and Empowerment Minister D R Shandil filed their nominations papers from Arki and Solan assembly segments of the district, on Friday.

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20 Oct 2017 | 9:16 PM
Sukh Ram says money recovered from his Mandi house belonged to Congress

Sukh Ram says money recovered from his Mandi house belonged to Congress

Mandi, Oct 20 (UNI) In a frontal attack on chief minister Virbhadra Singh on Friday, former Union Minister Sukh Ram, who recently joined BJP along with his son Anil Sharma, disclosed that the money recovered from his Mandi residence during a CBI raid, had been handed over to him by the then AICC treasurer Sitaram Kesari under a conspiracy hatched by Virbhadra Singh.

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20 Oct 2017 | 9:41 PM
Indo-Russian tri-service exercise INDRA 2017 begins

Indo-Russian tri-service exercise INDRA 2017 begins

New Delhi, Oct 20 (UNI) Aiming to boost their operational coordination, India and Russia on Friday started their first tr-service exercise INDRA 2017.

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20 Oct 2017 | 8:19 PM
All eyes on Tillerson's visit as US-India convergence over China and Pakistan grows

All eyes on Tillerson's visit as US-India convergence over China and Pakistan grows

New Delhi, Oct 20 (UNI) The US Secretary of State Rex Tillerson will be making his maiden visit to India next week with Washington indicating greater convergence with New Delhi vis-a-vis Pakistan's intent on fighting terror and China's challenges to a rule-based international order.

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20 Oct 2017 | 8:21 PM
RS issues notices to Sharad Yadav, Ali Anwar Ansari

RS issues notices to Sharad Yadav, Ali Anwar Ansari

New Delhi, Oct 20 (UNI) The Rajya Sabha secretariat has issued notices to rebel Janata Dal (United) leaders Sharad Yadav and Ali Anwar Ansari , asking them to appear before Chairman M Venkaiah Naidu on October 30 to present their case in the petition from leader of the party in the House Ram Chandra Prasad Singh seeking their disqualification.

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20 Oct 2017 | 8:50 PM
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