Management Commentary: CA Institute invites stakeholders comments on IASB’s exposure draft

Proposed revision aims to better meet the information needs of investors and creditors

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MUDA scam: Karnataka Lokayukta seeks more time to submit final report

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Bengaluru : The Karnataka Lokayukta, which is probing the Mysuru Urban Development Authority (MUDA) land scam matter in which Chief Minister Siddaramaiah was named as one of the accused, has sought more time from the court to submit the final report. Considering the plea, Judge Santhosh Gajanan Bhat of the Special Court for MLAs/MPs in Bengaluru has posted the matter for hearing on February 24. The counsel representing the prosecution submitted that Lokayukta ADGP A. Subramanyeshwara Rao is reviewing the report and requested additional time for submission due to technical reasons. Mysuru Lokayukta SP T.J. Udesh had submitted the MUDA scam report to Lokayukta ADGP Subramanyeshwara Rao on February 13, following the directions of the High Court bench headed by Justice M. Nagaprasanna. According to sources, the final report on the MUDA scam consists of 550 pages across five volumes. The legal cell of the Lokayukta will examine the report and decide whether to file a charge sheet or su...
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Kannada actor held for smuggling gold worth Rs 12 cr from Dubai

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Bengaluru : The arrest of Kannada film actor Ranya Rao, daughter of a senior IPS officer in Karnataka , has exposed a major gold smuggling operation in India. Investigations by the Directorate of Revenue Intelligence (DRI) revealed that the 31-year-old actress used an unusual method to evade security checks — she attached 14 gold bars to her thighs using adhesive, wrapped them with tape, and concealed them under a crepe bandage. Officials described her arrest as one of the biggest breakthroughs in recent gold smuggling cases. So far, authorities have seized 17.29 kg of gold and cash in the case. This includes 14.8 kg of gold worth Rs 12.56 crore recovered at the airport, Rs 2.06 crore worth of gold from her Bengaluru residence, and apart from that Rs 2.67 crore in cash. Ranya Rao was apprehended on Monday night upon her arrival at Kempegowda International Airport in Bengaluru on an Emirates flight from Dubai. The DRI, acting on prior intelligence, deployed a four-member team at t...
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Rahul Dravid’s car hit by goods-laden auto in Bengaluru, video goes viral

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Bengaluru: An incident of a goods-laden auto colliding with the former Indian cricketer Rahul Dravid’s SUV was reported from Bengaluru on Tuesday. A viral 11-second video shows Dravid arguing with the auto driver after the collision. The accident took place on Tuesday evening on Cunningham Road, a busy area in Bengaluru. Sources state that Dravid was travelling from Indian Express Junction towards High Grounds when the incident occurred. The auto driver allegedly rammed into his car from behind while it was stuck in traffic. The video shows Dravid stepping out of his car, inspecting the damage, and questioning the auto driver. The driver is seen explaining that the accident happened due to the sudden movement of a Fortuner car ahead of him. Indian cricketer Rahul Dravid's car & a commercial goods vehicle were involved in a minor accident on Cunningham road in #Bengaluru . And unlike the #cred ad, #RahulDravid & the goods vehicle driver engaged in a civilized argum...
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