New Delhi, Aug 23 | More trouble is brewing for GVK Infrastructure and Power, including Mumbai International Airports Limited (MIAL) after the action by enforcement agencies as the lenders are in the process of appointing a forensic auditor. Top banking sources revealed that this is imminent after the PWC walk out.
GVK Infrastructure and Power including Mumbai International Airports Limited (MIAL) have been facing action by the enforcement agencies, CBI and ED. The CBI filed a chargesheet on June 27 while ED filed its chargesheet on July 7.
Based on RBI Master Directions on Frauds, dated July 1, 2016 (updated on July 3, 2017), State Bank of India is believed to be appointing Deloitte as the forensic auditor to check the accounts of MIAL for the past 10 years. MIAL is operating the Mumbai Airport in a joint venture with the Airports Authority of India.
PriceWaterhouse Coopers has recently submitted its resignation as auditors from GVK Infrastructure and Power and GVK Airport Developers.
PWC resigned as statutory auditors following the CBI and ED raids in MIAL. PWC in a letter has cited the recent events at MIAL to ascertain the appropriateness of continuing as statutory auditors in the company.
PWC said in the letter to the audit committee of the companies that it is waiting for explanations and information from the company to finalise the audit for financial statement of the year ended March 31, 2020. The auditors said the company had still not provided the details which is reiterated in their resignation letter.
While the crisis regarding GVK and MIAL is unfolding, there are reports that the Adani Group is looking to acquire control of MIAL with a 51 per cent stake.
Adani and GVK have been locked in a legal tussle as Adani has been eyeing the Mumbai airport company. In the MIAL shareholding structure, GVK holds 50.5 per cent, while 26 per cent holding is with Airports Authority of India and 23.5 per cent is with South African companies, Bidvest at 13.5 per cent and Airports Company South Africa at 10 per cent.
Gone are the days when one had to finish school, college and subsequent years in getting trained to be able to sustain oneself with decent income. Today, what you earn eventually depends upon your skillset and how early you got started to build an expertise in your domain.
Manthan Dudeja, who currently lives in California and is still in his graduation years, understood the perks of starting early and is now a CEO who has worked across a plethora of jobs, from IoS programming to website development and blogging to trying his hand at Amazon Associates.
In conversation with this dynamic entrepreneur, let’s decode the various options for freshers to make a side income while they are still in school/college –
Manthan explains how he started off by writing for blogs with whatever knowledge he had and with the help of internet, this could be by either writing for your own online blog, for instance Manthan was interested in Tech, so he was writing for his blog ‘TechCrack‘ or for someone else in the capacity of a content writer.
It’s not difficult to get started if you have the basic understanding to develop a ‘flow’ while writing a piece and the skill to write what suits your target audience.
- Software developers/ Programmers/ Coders – Today, software/app developers are earning more than the average of $60 an hour by working remotely. There are a host of online paid/free platforms providing trainings to acquire such skills, Manthan has been an app/website developer for the longest time and by far, this skill has given him the best results for his work.
- Digital Marketer/ E-Marketer-
Your journey to become a digital marketer starts the day you take the step of self-educating yourself and learning the tricks to attract potential customers either by way of Google, Facebook, or any other digital platform by a host of scalable ways on the internet, undoubtedly, digital marketing is the hottest online work from home concept of this decade.
Manthan is today a successful digital marketer who has equipped himself with the advanced knowledge of online ads on various mediums and has effectively used these skills to generate incredible revenue over time.
These are some of the best ways to get started, according to Manthan, all
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