Tag: Financial Governance
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Top Football Clubs Reluctant to Share Financial Burden in ISL Talks
AIFF Sets 24-Hour Deadline as ISL Talks Stall on Shared Costs The All India Football Federation (AIFF) has given ISL clubs a tight 24-hour window to confirm their participation and the preferred competition format for the coming season. The move underscores ongoing tensions between the federation and the league’s top teams, who have expressed reservations…
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Wellington City Council apologises after ratepayers undercharged in accounting error
Overview of the issue Wellington City Council has admitted that a miscalculation in its accounting process led to ratepayers being undercharged. The council said the error affected a portion of the recent rates bills, and officials have moved quickly to address the issue and prevent a repeat. Statement from the council “We want to sincerely…
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Jean-Frédéric Thomas Appointed FIA Chief Financial Officer: A New Era for Global Motorsport Governance
New Leadership for FIA’s Financial Strategy The Fédération Internationale de l’Automobile (FIA) has announced the appointment of Jean-Frédéric Thomas as its Chief Financial Officer (CFO). This strategic hire marks a significant step in strengthening the FIA’s financial governance and long-term sustainability as the organization continues to oversee global motorsport and mobility initiatives. Thomas is tasked…
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Tax Office Responds: DJP Addresses 2016–2020 Graft Probe as Prosecutions Expand
Background: What sparked the investigation? The government’s tax administration has been thrust into the spotlight following a broad graft probe that targets alleged corruption in tax processing during the 2016–2020 period. The Directorate General of Taxes (DJP) confirmed it is part of a larger investigation being pursued by the Attorney General’s Office (AGO). The series…
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India’s Vision for Top PSBs by 2047
Introduction In a bold move to strengthen its banking sector, India has set an ambitious goal to have two Public Sector Banks (PSBs) among the world’s top 20 by the year 2047. This vision reflects the country’s broader aspirations as it looks to modernize its banking infrastructure, enhance corporate governance, and improve customer service. The…