Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 150
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::index() - APP/Controller/ArtileDetailController.php, line 151
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 97
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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        LATEST NEWS UPDATES | Private companies won’t be in anti-graft law net -Siddharta    </title>
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NEW DELHI: The government has virtually ruled out amending the Prevention of Corruption Act (PCA) to extend it to the private sector, a move that was recommended by the Special Investigation Team (SIT) on black money to..."/>
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>The government has virtually ruled out amending the Prevention of Corruption Act (PCA) to extend it to the private sector, a move that was recommended by the Special Investigation Team (SIT) on black money to check the circulation of unaccounted wealth in the education and religious institutions.<br /><br />Sources in the government indicated that extending the scope of the anti-corruption law to companies and private individuals could be detrimental to the interests of business and the overall economy at a time when the government is looking to accelerate growth. <br /><br />Although Indian industry is yet to comment on the issue formally, the fear is that including private entities within the purview of &quot;public servants&quot; could result in misuse of the provisions. Currently, in case of corruption cases, officials and ministers are charged under PCA along with provisions of other laws, while private sector executives are charged for conspiracy and for other offences.<br /><br />In fact, the government has already introduced a bill in Parliament to amend PCA as top government officials repeatedly cited some of the draconian provisions to argue that decision-making was hampered. Top sources in the government have in fact acknowledged that the law has been a major hurdle in pushing through decisions such as sale of residual stake in Hindustan Zinc, where the government currently holds nearly 30% stake.<br /><br />The clarification on amending PCA comes a day after the government sought to calm jittery investors over the concerns expressed by the SIT on use of participatory notes (PNs), a derivative instrument used by overseas investors. &quot;It is too early to say what view the government would take. But, it will certainly not make any knee-jerk reaction, particularly one that can have any adverse impact on investment environment,&quot; finance minister Arun Jaitley said, adding that the policy response would be a well-considered one.<br /><br />On Monday, TOI had reported that the India Inc and foreign institutional investors may not be comfortable with the two recommendations made by the panel. Apart from the government, even Sebi is said to against blanket sharing of information related to beneficial ownership, fearing that there could be misuse by other agencies. &quot;Sebi has indicated that it can share the information if there are specific issues raised by the tax department,&quot; said a source. Similarly, the other recommendation regarding restricting transfer of ownership of PNs has also been rejected on the grounds that it is not feasible. <br /></div>                                                           
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>The government has virtually ruled out amending the Prevention of Corruption Act (PCA) to extend it to the private sector, a move that was recommended by the Special Investigation Team (SIT) on black money to check the circulation of unaccounted wealth in the education and religious institutions.<br /><br />Sources in the government indicated that extending the scope of the anti-corruption law to companies and private individuals could be detrimental to the interests of business and the overall economy at a time when the government is looking to accelerate growth. <br /><br />Although Indian industry is yet to comment on the issue formally, the fear is that including private entities within the purview of &quot;public servants&quot; could result in misuse of the provisions. Currently, in case of corruption cases, officials and ministers are charged under PCA along with provisions of other laws, while private sector executives are charged for conspiracy and for other offences.<br /><br />In fact, the government has already introduced a bill in Parliament to amend PCA as top government officials repeatedly cited some of the draconian provisions to argue that decision-making was hampered. Top sources in the government have in fact acknowledged that the law has been a major hurdle in pushing through decisions such as sale of residual stake in Hindustan Zinc, where the government currently holds nearly 30% stake.<br /><br />The clarification on amending PCA comes a day after the government sought to calm jittery investors over the concerns expressed by the SIT on use of participatory notes (PNs), a derivative instrument used by overseas investors. &quot;It is too early to say what view the government would take. But, it will certainly not make any knee-jerk reaction, particularly one that can have any adverse impact on investment environment,&quot; finance minister Arun Jaitley said, adding that the policy response would be a well-considered one.<br /><br />On Monday, TOI had reported that the India Inc and foreign institutional investors may not be comfortable with the two recommendations made by the panel. Apart from the government, even Sebi is said to against blanket sharing of information related to beneficial ownership, fearing that there could be misuse by other agencies. &quot;Sebi has indicated that it can share the information if there are specific issues raised by the tax department,&quot; said a source. Similarly, the other recommendation regarding restricting transfer of ownership of PNs has also been rejected on the grounds that it is not feasible. <br /></div>                                                           
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                            <div align="justify">-The Times of India<br /><br /><em>NEW DELHI: </em>The government has virtually ruled out amending the Prevention of Corruption Act (PCA) to extend it to the private sector, a move that was recommended by the Special Investigation Team (SIT) on black money to check the circulation of unaccounted wealth in the education and religious institutions.<br /><br />Sources in the government indicated that extending the scope of the anti-corruption law to companies and private individuals could be detrimental to the interests of business and the overall economy at a time when the government is looking to accelerate growth. <br /><br />Although Indian industry is yet to comment on the issue formally, the fear is that including private entities within the purview of &quot;public servants&quot; could result in misuse of the provisions. Currently, in case of corruption cases, officials and ministers are charged under PCA along with provisions of other laws, while private sector executives are charged for conspiracy and for other offences.<br /><br />In fact, the government has already introduced a bill in Parliament to amend PCA as top government officials repeatedly cited some of the draconian provisions to argue that decision-making was hampered. Top sources in the government have in fact acknowledged that the law has been a major hurdle in pushing through decisions such as sale of residual stake in Hindustan Zinc, where the government currently holds nearly 30% stake.<br /><br />The clarification on amending PCA comes a day after the government sought to calm jittery investors over the concerns expressed by the SIT on use of participatory notes (PNs), a derivative instrument used by overseas investors. &quot;It is too early to say what view the government would take. But, it will certainly not make any knee-jerk reaction, particularly one that can have any adverse impact on investment environment,&quot; finance minister Arun Jaitley said, adding that the policy response would be a well-considered one.<br /><br />On Monday, TOI had reported that the India Inc and foreign institutional investors may not be comfortable with the two recommendations made by the panel. Apart from the government, even Sebi is said to against blanket sharing of information related to beneficial ownership, fearing that there could be misuse by other agencies. &quot;Sebi has indicated that it can share the information if there are specific issues raised by the tax department,&quot; said a source. Similarly, the other recommendation regarding restricting transfer of ownership of PNs has also been rejected on the grounds that it is not feasible. <br /></div>                                                           
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Home हिन्दी

Private companies won’t be in anti-graft law net -Siddharta

Published on Jul 29, 2015   Modified on Jul 29, 2015

-The Times of India NEW DELHI: The government has virtually ruled out amending the Prevention of Corruption Act (PCA) to extend it to the private sector, a move that was recommended by the Special Investigation Team (SIT) on black money to check the circulation of unaccounted wealth in the education and religious institutions. Sources in the government indicated that extending the scope of the anti-corruption law to companies and private individuals could be detrimental to the interests of business and the overall economy at a time when the government is looking to accelerate growth. Although Indian industry is yet to comment on the issue formally, the fear is that including private entities within the purview of "public servants" could result in misuse of the provisions. Currently, in case of corruption cases, officials and ministers are charged under PCA along with provisions of other laws, while private sector executives are charged for conspiracy and for other offences. In fact, the government has already introduced a bill in Parliament to amend PCA as top government officials repeatedly cited some of the draconian provisions to argue that decision-making was hampered. Top sources in the government have in fact acknowledged that the law has been a major hurdle in pushing through decisions such as sale of residual stake in Hindustan Zinc, where the government currently holds nearly 30% stake. The clarification on amending PCA comes a day after the government sought to calm jittery investors over the concerns expressed by the SIT on use of participatory notes (PNs), a derivative instrument used by overseas investors. "It is too early to say what view the government would take. But, it will certainly not make any knee-jerk reaction, particularly one that can have any adverse impact on investment environment," finance minister Arun Jaitley said, adding that the policy response would be a well-considered one. On Monday, TOI had reported that the India Inc and foreign institutional investors may not be comfortable with the two recommendations made by the panel. Apart from the government, even Sebi is said to against blanket sharing of information related to beneficial ownership, fearing that there could be misuse by other agencies. "Sebi has indicated that it can share the information if there are specific issues raised by the tax department," said a source. Similarly, the other recommendation regarding restricting transfer of ownership of PNs has also been rejected on the grounds that it is not feasible.

The Times of India, 29 July, 2015, http://timesofindia.indiatimes.com/business/india-business/Private-companies-wont-be-in-anti-graft-law-net/articleshow/48259910.cms

Tagged with: Prevention of Corruption Act Graft Corruption

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