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Technology

CAG to deploy AI, machine learning for faster, accurate audits

The Comptroller and Auditor General (CAG) will use these tools for voucher verification and risk detection and will expand remote and hybrid audits in complex revenue areas such as goods and services tax, stamp duty and public works, deputy CAGs A.M. Bajaj and K.S. Subramanian said in an interview.

These technologies are expected to significantly reduce manual workload, enhance anomaly detection, and enable predictive identification of high-risk areas, making audits more focused and data-driven, they said.

Also read: GDP’s dirty little secret: Why we should be tracking GVA instead

CAG is reshaping audit practices to match the complexity of India’s growing economy and sprawling governance structure. With over 700 central public sector units, 1,600 state enterprises, 485 central autonomous bodies and thousands of panchayats and urban local bodies now under its jurisdiction, the federal auditor is adapting to not just the size, but also the changing nature of public service delivery, they said.

The CAG is conducting multi-state audits on key welfare and infrastructure areas, including solid-waste management in urban bodies, welfare of construction workers, management of District Mineral Funds, implementation of rural jobs guarantee programme, functioning of regional transport offices and the Jal Jeevan Mission.

All-India audits covering the Green India Mission, Smart Cities, MSME support and skill development are also underway and are expected to be completed by mid-2025. These audits aim to assess how effectively these national initiatives are delivering measurable benefits to citizens and improving their lives.

For the first time, the CAG has institutionalized stakeholder consultations at all stages of the audit cycle from planning to reporting, said Bajaj. 

“We’ve made it mandatory to consult the Secretary, senior officials, academia, and civil society while finalising the Annual Audit Plan and audit reports. This inclusive process helps ensure our audits are grounded in real issues and deliver meaningful value to both institutions and citizens,” Subramanian added.

Also read: You’re absolutely right, as the AI chatbot says

Dattesh Parulekar, assistant professor of International Relations at Goa University, said, “The CAG’s digital-first and stakeholder-led approach signals a decisive shift from traditional compliance checks to dynamic, technology-enabled, performance-linked audits. If sustained, this could mark a new era in public accountability—where audit reports not only flag inefficiencies but help shape more responsive governance.” 

Focus on training 

Training remains central to this revamp. The CAG has signed eight memoranda of understanding with institutions such as the Indian Institute of Technology Madras, the Indian Institution of Management Ahmedabad, Bhaskaracharya National Institute for Space Applications and Geo-informatics and the National Institute of Urban Affairs to co-develop specialised curricula.

“For capacity building, we are training audit staff in AI, data analytics, cybersecurity, and public policy at top institutes, including a nationwide boot camp on AI and machine learning for audit at IIT Delhi,” said Bajaj.

A nine-month AI and cybersecurity diploma programme is already underway at IIT-Madras for CAG officers, with modules on environmental audit, ESG reporting, procurement, and non-cognitive skills running in parallel across various centres, said Subramanian.

Also read: ₹1.5 crore, spends on family and donates at temples”>Bengaluru shocker: Driver runs away with employer’s ₹1.5 crore, spends on family and donates at temples

The CAG submits audit reports to the President or governors, which are then tabled in Parliament or state legislatures. These reports have historically played a key role in ensuring financial accountability and transparency in governance, uncovering issues from expenditure irregularities and poor scheme implementation to systemic inefficiencies. These audits have led to policy reforms, public debates, and accountability at the highest levels.

Categories
Arts Entertainments

Ryan Coogler praises Christopher Nolan, calls him ‘mentor’

LOS ANGELES: Ryan Coogler, best known for helming “Sinners” and “Black Panther” film series, says acclaimed filmmaker Christopher Nolan is like his “mentor”, and credits him for making the world richer with his movies.

Coogler said both Nolan and his wife and producer Emma Thomas are “amazing people”, but before that they are “lovers of cinema”.

“This is my guy (Nolan). I’ve come to know him. I’ve come to know his wife…Amazing people,” he said, according to the entertainment news outlet ‘IndieWire’.

“First and foremost, they’re just lovers of cinema, and lovers of family. The world is richer because they’re making movies. He is a mentor of mine.”

Coogler’s latest work is “Sinners”, which he directed and wrote. It released in April. He is also working on the third installment of the “Black Panther” franchise. The film will star Denzel Washington.

Categories
Cryptocurrency

Broker’s call: Jubilant Ingrevia (Hold)

Target: ₹713

CMP: ₹793.15

Jubilant Ingrevia is one of the leading players in India supplying chemical intermediates to agrochemical innovators for almost 3 decades. The company is now transitioning to become a CDMO player and has already signed 2 contracts for agro CDMO, one of which is worth $300 million and will start contributing to revenue from Q4FY26. As highlighted in our previous report, 7 more molecules with pyridine chemistry are expected to go off-patent by 2028, thus making Jubilant a good fit to manufacture them.

However, unlike early stage patented molecules, these off-patent molecules face competition from generic manufacturers, leading to price erosion post patent expiry. Jubilant’s entry into CDMO will boost revenue. However, we remain apprehensive about the profitability and RoCE from the CDMO contracts.

The company has invested around ₹1,750 crore in the last 3 years with maximum focus on value added products. We expect revenue to increase here on, but RoCE may remain under pressure if a large part of growth comes from contract manufacturing of off patent products. The stock is trading at 34x FY27E EPS and 17x FY27 EV/EBITDA. Retain Hold rating with revised target price of ₹713.

Published on June 13, 2025

Categories
Digital Marketing

Bonjour, Cannes!

What’s cooking at the ‘Olympics of creativity’

Categories
Home Kitchen

Cherries Jubilee Recipe – Los Angeles Times

This effortless dessert brings the good vibes. Any dessert you set on fire is impressive. And its components remind me of my Black life — not a monolith. The origins of cherries jubilee go back to Queen Victoria’s Golden Jubilee in the late 1800s, for which Auguste Escoffier, a famous French chef, prepared this dessert. If you are fortunate enough to shop in a place with an abundance of cherry varieties, do find Bing, sour or Rainier cherries; they all work for this dessert. Hands down, they have the most distinctive and complex flavors.

Categories
Real Estate

Homes for Sale in New York and New Jersey

This week’s properties are a five-bedroom house in Ardsley, N.Y., and a four-bedroom in Upper Saddle River, N.J.

Categories
Tours Travel

Abandoned house in Syria reveals ancient Christian tomb complex below the surface

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A contractor recently stumbled across an ancient Christian tomb complex while clearing rubble in Syria.

The discovery was made in the city of Maarat al-Numan in Syria’s Idlib province in May. (See the video at the top of this article.) 

The complex dates back over 1,500 years.

ARCHAEOLOGISTS UNCOVER NEVER-BEFORE-SEEN TOMBS OF ANCIENT EGYPTIAN OFFICIALS

The site was found beneath an abandoned house that had been destroyed years earlier.

Pictures show the Christian tomb complex with crosses, ancient graves and a variety of bones and fragments.

A contractor stumbled upon a Byzantine-era burial site while clearing rubble from destroyed houses in Maarat al-Numan, Syria. (Associated Press)

Hassan al-Ismail, director of antiquities in Idlib, said that the province is one of the most historic in Syria.

“Based on the presence of the cross and the pottery and glass pieces that were found, this tomb dates back to the Byzantine era,” he said.

ARCHAEOLOGISTS UNCOVER 4,500-YEAR-OLD BABY RATTLES THAT REVEAL ANCIENT PARENTING TECHNIQUES 

The official added that Idlib “has a third of the monuments of Syria, containing 800 archaeological sites in addition to an ancient city.”

“In the old days, a lot of foreign tourists used to come to Maarat just to see the ruins.”

Unfortunately, archaeologists only uncovered the tombs under tragic circumstances, as the houses were destroyed during the 14-year-long Syrian civil war. 

In 2020, former Syrian President Bashar Assad seized the area from opposition control, destroying and looting houses in the process.

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Despite the dark circumstances, the situation led to a discovery that sheds more light on Byzantine-era Syria.

Ghiath Sheikh Diab, a resident of Maarat al-Numan, told the Associated Press he hopes that President Ahmed al-Sharaa’s government plans to fairly compensate the property owners of the site.

Man uncovering Byzantine tomb

The Byzantine Empire emerged as a successor of the Roman Empire, with Christianity being its established religion. (Associated Press)

Another local named Abed said he believes the discovery is an opportunity to boost tourism in the city, which is around 50 miles south of Aleppo.

“In the old days, a lot of foreign tourists used to come to Maarat just to see the ruins,” Jaafar, who came to see the tombs with his son, told the Associated Press.

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He added, “We need to take care of the antiquities and restore them and return them to the way they were before … and this will help to bring back the tourism and the economy.”

In the 4th century AD, the Byzantine Empire emerged as a successor to the Roman Empire, establishing its capital in Constantinople.

Man observing rubble in Syria

Local residents hope the archaeological discovery in Idlib province will boost tourism and revitalize the war-torn economy. (Associated Press)

Many finds from the era are still turning up across Europe and the Middle East.

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A 1,600-year-old Byzantine-era mosaic from a Christian monastery was recently put on public display in Israel for the first time.

Bones and artifacts on display

The Byzantine-era tomb yielded various bones and ancient artifacts. (Associated Press)

A mysterious 1,500-year-old bucket found at one of England’s most historic sites was recently found to be of Byzantine origin, having been manufactured in Antioch.

The Associated Press contributed reporting.

Categories
Education

After edtech crash, study-abroad was the bright spot. Now, it faces testing times

“The situation is dicey here,” said Samarth, who is studying for a masters degree. With only a brief window between the end of his internship and the start of the next academic term, he’s worried that even a slight delay in returning could put his visa at risk. “Even if I come back a day late, they might use it as an excuse to cancel my visa,” he said, referring to US President’s Donald Trump regime.

Even when they are travelling within the US, universities are advising international students to carry their passports at all times.

Since Trump returned to power, the US’ immigration policies have become draconian. On 27 May, the administration ordered US embassies around the world to stop scheduling appointments for student visas. It even halted Harvard University’s ability to enrol foreign students. Amid all this, several international students have faced deportation for minor infractions.

While much of the attention around US visa restrictions has focused on students, the Big Brother approach in the US has made another group, India’s study-abroad startups, anxious. Companies such as Leap Scholar, Leverage Edu, AdmitKard and upGrad, which promise smooth overseas admissions and counselling services, are now facing business uncertainty. Because it is not just the US, but key markets such as Canada, the UK, and Australia as well that have tightened rules for international student admissions, according to industry insiders.

After the crash of mainstream edtech in India, the study-abroad industry had emerged as a bright spot. But populist politics across the globe threaten to shake the foundations of the business model. Can these startups weather the storm?

The business

Before 2016, most Indian students seeking to study abroad relied on a highly unorganized network of small, local consultants operating out of single-office setups in Tier I and Tier II cities. About 10 years ago, edtech platforms focused on helping students get admissions abroad started emerging. They include AdmitKard (2016), Leverage Edu (2017), Leap Scholar (2019). Upskilling platform and edtech unicorn upGrad also launched study-abroad services in 2021.

View Full Image

A screen grab from the website of Leap Scholar.

These startups offered a range of services, helping students with university applications and counselling to scholarships, visa applications, accommodation and even loans to finance their education. Each operates with a slightly different proposition—while Leap Finance and Leverage Edu are full-service platforms offering end-to-end guidance and admission support to students, AdmitKard is mostly about counselling. upGrad’s study-abroad programme focuses on hybrid or online-to-offline programmes in which students study online the first year and travel to the university campus the second year.

Over the last few years, India’s study-abroad market has been taking big strides, fuelled by a growing appetite for global education and rising disposable incomes. While the market saw a slump during the covid-19 pandemic years, it has bounced back since. According to Bengaluru-based consulting firm Redseer, about 2 million Indian students are projected to opt for overseas education by 2027. This number, according to the firm, stood at 0.7 million in 2019 and 0.9 million in 2022.

The sector has also seen significant venture capital infusion during and after the pandemic years, 2023 being the year it attracted the highest funding ever, at about $562 million, according to data sourced from Tracxn.

A temporary dip?

Even other top markets, such as the UK, Canada and Australia, have tightened their immigrant rules of late. In May, the UK government released a whitepaper that proposed reducing the standard length of the graduate visa for international students to stay on and work in the UK from two years to 18 months, among other changes.

Last week, Australia-based IDP Education, one of the world’s largest international student placement firms, warned that its full-year revenue and earnings would take a hit due to visa crackdowns in key markets such as Australia and Canada, estimating student placement volumes to drop 28-30% during this financial year. The announcement led to its stock plummeting 50%, it’s worst single-day drop ever,

Canadian study-abroad startup ApplyBoard laid off about 150 employees last week due to policy changes at major study destinations. Last November, Canada ended its Student Direct Stream (SDS) programme, which expedited the processing of study permit applications for international students.

India’s edtech exporters, most of whom rely heavily on the US and UK, are now bracing for the impact of ongoing uncertainty. Industry experts acknowledge that a dip is likely if the situation persists, though they are cautiously optimistic that the downturn will be temporary.

“In our study-abroad business, about 70% of visa appointments were already taken care of. So, those haven’t been affected. But 30% is halted because the visa appointments are on hold,” Praneet Singh, associate vice president of university partnerships at upGrad Abroad, told Mint.

A million students enter the US to study every year, so it impacts the country’s economy as well, Singh noted. “That gives me conviction that it’s not going to last. It’s going to be a couple of weeks or maybe a month or two. But it will eventually get lifted.”

Piyush Bhartiya, co-founder of study-abroad counselling startup AdmitKard, said there is a lot of uncertainty among students planning to go to the US. If their September intake is blocked and interviews don’t open, then US sentiment will go from unsure to negative, he said.

With all the key markets correcting at the same time, there will be some downturn, Bhartiya noted. “The US issued about 80,000 visas last year from India. Now, if that 80,000 falls to 40,000, we don’t know how many markets or how many countries it will take to absorb that other 40,000,” said Bhartiya.

Leap Finance, one of the larger startups in India’s study abroad ecosystem, has refrained from commenting on the subject altogether.

With all the key markets correcting at the same time, there will be some downturn.

— Piyush Bhartiya

With market conditions in flux, investors are closely watching the sector, particularly how these businesses respond and pivot to sustain growth. While recent policy uncertainties in traditional destinations such as the US and UK have sparked some investor caution, the demand for overseas education remains structurally strong, according to Surabhi Sanyukta, vice president–Investments, BlackSoil, an investor in study-abroad platform Leverage Edu.

“The sector has seen consistent double-digit year-on-year growth over the past few years, and this demand is not diminishing; it is simply becoming more geographically distributed,” she said.

“One of the key challenges the sector faces is its historical reliance on a few dominant geographies. Policy shifts, changing visa regimes, and economic volatility in these markets can significantly impact student flows. Startups that scaled primarily on the back of US or UK-bound student demand are now having to recalibrate their strategies,” Sanyukta added.

Expanding horizons

The uncertainty around immigrant laws in various geographies has had a clear impact. Enrolments have gone down by 27% in top destination markets such as the US, the UK and Canada. This decline has affected study-abroad platforms as well, but sparked interest in other destinations.

“If we were getting about 6,000 closed leads in February for Germany, we’re now getting about 9,500 leads a month for that country, which makes for 35% of our business. France has gone from 3% of our business to 8% of our total business at the moment. Finland has also gone from 3% to 6% of our business,” said upGrad’s Singh.

The two really big winners have been Germany and Ireland, which have traditionally seen a smaller intake from India, said AdmitKard’s Bhartiya. “On our platform, we have seen almost five times more inquiries for Germany in the last two years. France and some of the Nordic countries are also gaining interest very rapidly,” he said.

AdmitKard is now focusing on getting accreditations in other countries as the non-US market sees a spike in interest. “We are a very strong recruiter for the US market so we had focused on US accreditation. Now, we are focusing on other countries as well, and onboarding partners in countries like Japan, Finland, and Sweden,” Bhartiya said.

Many prominent schools in the US and UK are setting up offshore campuses in locations such as Dubai and Singapore. Study abroad platforms are now turning to these newer markets, capturing already existing demand and creating new demand.

In the last six months, upGrad has focused on finding partners in Dubai. “We’ve got Middlesex University, University of Birmingham, among others. We’ve just signed up with four schools in the UAE. The company is also trying to double down on Finland and expand to Singapore,” Singh said, noting that India will also see a lot of campuses being set up.

Many prominent schools in the US and UK are setting up offshore campuses in locations such as Dubai and Singapore. Study abroad platforms are now turning to these newer markets.

New Delhi-based Leverage Edu has also seen a sea-change in its student composition over the past 12 months. The company, which relied on India for 100% of its customers, is now seeing 40-45% of students coming from non-India regions—of that, 25% is from Africa, 15% is the rest of South Asia (Nepal, Bangladesh), with the rest from the Middle East and Southeast Asia, Akshay Chaturvedi, founder and CEO of the edtech startup, told Mint.

Chaturvedi added that the UK used to be a dominant study location for the company till about two years back. The country still accounts for 50-60% of the business today, but the remaining 40-50% is mostly from the rest of Europe, particularly Germany, he said.

The way forward

Aside from admissions, most study-abroad platforms make money from test-prep, counselling, documentation, and application fees. These services have stable demand despite the shifts in study markets.

For instance, 25% of Leverage Edu’s business comes from services such as forex and loans, among other ancillaries. Last quarter, the company also launched a job portal, Leverage Careers.com, which the CEO believes will push the income from these non-core services up further.

Value-added services contribute about 10% to Leap’s revenue, with the majority coming from counseling and financing. upGrad’s study-abroad vertical also offers International English Language Testing System (IELTS) prep programmes aside from online-to-offline learning, its core business.

Ashish Bhatia, founder and chief executive officer at India Accelerator, which has invested in edtech companies such as Imarticus Learning, Ingenium and Dhurina, noted that offering various services gives these startups the flexibility to adapt to the changing circumstances. “Startups that proactively expand their offerings and limit their reliance on the US markets are most likely to come out of this situation unaffected,” Bhatia said.

As things stand, however, nobody knows when the situation will improve. Startups that pivot to accommodate the changing reality will be better placed to weather the storm.

Categories
Gaming

Nolah Evolution Hybrid Mattress Review: A Jack of All Trades

These holes allow the hips and shoulders to get a generally softer feel, while a firmer one is upheld right under where your spine curves. A 2-inch layer of comfort foam follows for—you guessed it—more pressure relief, along with a transition layer protecting the foam from the coil core. The coils are pocketed, allowing each one to react to your body instead of making it a group project like traditional innerspring beds of old. They’re also reinforced in the center and along the edges, which is just an extra-firm feel to keep these particular areas extra-supported. Lastly, everything is set up on a foam base, which lets the coils really do their thing without being compressed by contact with your bed frame.

Ultimate Sleep Experience

OK, enough shop talk. Here’s what I like from testing this mattress. I remember when Nolah first launched the Evolution back in 2020, and it was touted as a good option for side sleepers with all the pressure relief and lumbar support features. When I eventually tried it (and various iterations afterward), it consistently delivered on these marks. Something that has always stood out to me as a major value add was the three firmness options available: plush, luxury firm, and firm. Having a variety of firmnesses is an easy way to make a mattress more accessible to all kinds of sleepers, especially with different body types and sleeping positions.

I landed on “luxury firm” for a couple of reasons, chief among them being that I’m part of a dynamic sleeping duo. In other words, my husband is a back sleeper, and I’m a stomach sleeper (who is desperately trying to be a side sleeper, mind you). All to say, these sleeping positions can require different firmness levels for adequate support, preferences not even being factored in. Luxury firm is the middle ground, and we’ve found it to be a welcoming amount of softness that doesn’t cancel out the feeling of support.

While I’m on my side, my hips and shoulders get hugged, and if I’m on my stomach, my lower back stays lifted. Everything remains relatively on the same level—hips, lower back, and shoulders—which is what you want for even spine alignment. When on your back, your spine curves away from the bed, but the pillow top takes up that space nicely. That way your back doesn’t feel like it’s being left out support-wise, and this eliminates a potential cause of back pain.

Categories
Health Fitness

Studija otkriva da svakodnevna konzumacija ove namirnice poboljšava zdravlje srca

NOVA istraživanja pokazuju da jednostavna promjena u prehrani može pomoći u zaštiti od kroničnih bolesti, osobito onih koje pogađaju srce. Posebno se ističe jedna svakodnevna namirnica koja je lako dostupna, povoljna i već dobro poznata u mnogim kućanstvima. Istraživači su tijekom 12 tjedana pratili zdravstvene pokazatelje kod odraslih s predijabetesom i otkrili zapanjujuće učinke na razinu kolesterola i upale.

Riječ je o slanutku – sudionici su svakodnevno konzumirali oko 150 grama kuhanog slanutka. Oni koji su jeli slanutak zabilježili su pad kolesterola s prosječnih 200,4 mg/dL na 185,8 mg/dL te znatno smanjene razine interleukina-6, markera kronične upale.

“Naše istraživanje pokazalo je prednosti konzumiranja slanutka kod osoba s predijabetesom, ali to je odlična namirnica za svakoga”, izjavila je voditeljica studije Morganne Smith, prenosi Daily Express.

“Konzumacija slanutka je jednostavan i pristupačan način da se podrži zdravlje srca i smanji rizik od kroničnih bolesti”

Uzorci krvi uzimani su na početku, nakon šest i dvanaest tjedana, a analizirani su šećer u krvi, kolesterol, upalni markeri i tolerancija na glukozu. Smith ističe da su sve vrste slanutka – bilo iz konzerve, smrznuti ili suhi – korisne, ali treba pripaziti na dodatne sastojke poput soli ili šećera.

“Konzumacija slanutka jednostavan je i pristupačan način da se podrži zdravlje srca i smanji rizik od kroničnih bolesti”, dodala je.

Za svakodnevnu upotrebu preporučuje se kombiniranje s drugim zdravim namirnicama: može se dodavati u juhe, posluživati u salatama ili kombinirati s cjelovitim žitaricama poput riže ili kvinoje. “Slanutak se lako uklapa u obroke, a njegov pozitivan učinak na organizam može biti dugoročan”, kaže Smith.

Rezultati studije predstavljeni su na znanstvenom skupu Nutrition 2025, a mogli bi utjecati i na buduće prehrambene smjernice u prevenciji bolesti poput dijabetesa i srčanih tegoba.

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