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\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

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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-The Indian Express





The Rajat Gupta case provokes a question: Could the Indian system handle such a situation as well?





Rajat Gupta has got two years in prison for insider trading, a fraction of the term sought by the prosecution. It is..."/>
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-The Indian Express





The Rajat Gupta case provokes a question: Could the Indian system handle such a situation as well?





Rajat Gupta has got two years in prison for insider trading, a fraction of the term sought by the prosecution. It is..." />
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                            <div style="text-align: justify">-The Indian Express</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>The Rajat Gupta case provokes a question: Could the Indian system handle such a situation as well?</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Rajat Gupta has got two years in prison for insider trading, a fraction of the term sought by the prosecution. It is a fair sentence, delivered without regard for the multiple pressures that had been brought to bear on this much-publicised case. The handling of the case &mdash; among about 60 others in the biggest crackdown ever on insider trading &mdash; has established that the US judicial system can be depended upon to straighten out the irregularities of the financial system. Of which there must be many, or could the financial crisis of 2008 have arisen at all?</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Could the Indian system handle such a situation as well? If the country aims to become an open, capitalist system organised chiefly by markets, distorting practices like insider trading and manipulation will assume serious implications. In the very near future, India could face difficult questions like the ones the US is now grappling with in the courts of New York. But India could fare worse for several reasons. Its culture of transparency and propriety in finance is poorly developed. For instance, market advice comes unaccompanied by complete disclosure of the advisor&rsquo;s interests. If a scrip is recommended or dismissed, how deeply the advisor is invested in his choice or its competition is usually unknown. The culture of trading tips is perhaps worse than in the US, with popular SMS services spreading market whispers. At the same time, the investigative apparatus is seen to be biased and the judicial system is too slow to deal effectively with such threats.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In market manipulation, size matters. The greatest threats would be posed by market leaders who are closely networked with their peers in business and with influential people in government, academia, international agencies and charities. Could the Indian system have brought to book an accused of the stature of Rajat Gupta? Currently, it does not seem credible. But its agencies must develop the nerve to do so, or Indian markets cannot come of age.</div>                                                           
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    <br><a href="http://www.indianexpress.com/news/story-in-a-sentence/1022028/" class="re" target="_blank">The Indian Express, 26 October, 2012, http://www.indianexpress.com/news/story-in-a-sentence/1022028/</a><div class="clear"></div>
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                            <div style="text-align: justify">-The Indian Express</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>The Rajat Gupta case provokes a question: Could the Indian system handle such a situation as well?</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Rajat Gupta has got two years in prison for insider trading, a fraction of the term sought by the prosecution. It is a fair sentence, delivered without regard for the multiple pressures that had been brought to bear on this much-publicised case. The handling of the case &mdash; among about 60 others in the biggest crackdown ever on insider trading &mdash; has established that the US judicial system can be depended upon to straighten out the irregularities of the financial system. Of which there must be many, or could the financial crisis of 2008 have arisen at all?</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Could the Indian system handle such a situation as well? If the country aims to become an open, capitalist system organised chiefly by markets, distorting practices like insider trading and manipulation will assume serious implications. In the very near future, India could face difficult questions like the ones the US is now grappling with in the courts of New York. But India could fare worse for several reasons. Its culture of transparency and propriety in finance is poorly developed. For instance, market advice comes unaccompanied by complete disclosure of the advisor&rsquo;s interests. If a scrip is recommended or dismissed, how deeply the advisor is invested in his choice or its competition is usually unknown. The culture of trading tips is perhaps worse than in the US, with popular SMS services spreading market whispers. At the same time, the investigative apparatus is seen to be biased and the judicial system is too slow to deal effectively with such threats.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In market manipulation, size matters. The greatest threats would be posed by market leaders who are closely networked with their peers in business and with influential people in government, academia, international agencies and charities. Could the Indian system have brought to book an accused of the stature of Rajat Gupta? Currently, it does not seem credible. But its agencies must develop the nerve to do so, or Indian markets cannot come of age.</div>                                                           
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    <br><a href="http://www.indianexpress.com/news/story-in-a-sentence/1022028/" class="re" target="_blank">The Indian Express, 26 October, 2012, http://www.indianexpress.com/news/story-in-a-sentence/1022028/</a><div class="clear"></div>
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                            <div style="text-align: justify">-The Indian Express</div><div style="text-align: justify"><br /></div><div style="text-align: justify"><em>The Rajat Gupta case provokes a question: Could the Indian system handle such a situation as well?</em></div><div style="text-align: justify"><br /></div><div style="text-align: justify">Rajat Gupta has got two years in prison for insider trading, a fraction of the term sought by the prosecution. It is a fair sentence, delivered without regard for the multiple pressures that had been brought to bear on this much-publicised case. The handling of the case &mdash; among about 60 others in the biggest crackdown ever on insider trading &mdash; has established that the US judicial system can be depended upon to straighten out the irregularities of the financial system. Of which there must be many, or could the financial crisis of 2008 have arisen at all?</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Could the Indian system handle such a situation as well? If the country aims to become an open, capitalist system organised chiefly by markets, distorting practices like insider trading and manipulation will assume serious implications. In the very near future, India could face difficult questions like the ones the US is now grappling with in the courts of New York. But India could fare worse for several reasons. Its culture of transparency and propriety in finance is poorly developed. For instance, market advice comes unaccompanied by complete disclosure of the advisor&rsquo;s interests. If a scrip is recommended or dismissed, how deeply the advisor is invested in his choice or its competition is usually unknown. The culture of trading tips is perhaps worse than in the US, with popular SMS services spreading market whispers. At the same time, the investigative apparatus is seen to be biased and the judicial system is too slow to deal effectively with such threats.&nbsp;</div><div style="text-align: justify"><br /></div><div style="text-align: justify">In market manipulation, size matters. The greatest threats would be posed by market leaders who are closely networked with their peers in business and with influential people in government, academia, international agencies and charities. Could the Indian system have brought to book an accused of the stature of Rajat Gupta? Currently, it does not seem credible. But its agencies must develop the nerve to do so, or Indian markets cannot come of age.</div>                                                           
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    <br><a href="http://www.indianexpress.com/news/story-in-a-sentence/1022028/" class="re" target="_blank">The Indian Express, 26 October, 2012, http://www.indianexpress.com/news/story-in-a-sentence/1022028/</a><div class="clear"></div>
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Home हिन्दी

Story in a sentence

Published on Oct 26, 2012   Modified on Oct 26, 2012

-The Indian Express The Rajat Gupta case provokes a question: Could the Indian system handle such a situation as well? Rajat Gupta has got two years in prison for insider trading, a fraction of the term sought by the prosecution. It is a fair sentence, delivered without regard for the multiple pressures that had been brought to bear on this much-publicised case. The handling of the case — among about 60 others in the biggest crackdown ever on insider trading — has established that the US judicial system can be depended upon to straighten out the irregularities of the financial system. Of which there must be many, or could the financial crisis of 2008 have arisen at all? Could the Indian system handle such a situation as well? If the country aims to become an open, capitalist system organised chiefly by markets, distorting practices like insider trading and manipulation will assume serious implications. In the very near future, India could face difficult questions like the ones the US is now grappling with in the courts of New York. But India could fare worse for several reasons. Its culture of transparency and propriety in finance is poorly developed. For instance, market advice comes unaccompanied by complete disclosure of the advisor’s interests. If a scrip is recommended or dismissed, how deeply the advisor is invested in his choice or its competition is usually unknown. The culture of trading tips is perhaps worse than in the US, with popular SMS services spreading market whispers. At the same time, the investigative apparatus is seen to be biased and the judicial system is too slow to deal effectively with such threats.  In market manipulation, size matters. The greatest threats would be posed by market leaders who are closely networked with their peers in business and with influential people in government, academia, international agencies and charities. Could the Indian system have brought to book an accused of the stature of Rajat Gupta? Currently, it does not seem credible. But its agencies must develop the nerve to do so, or Indian markets cannot come of age.

The Indian Express, 26 October, 2012, http://www.indianexpress.com/news/story-in-a-sentence/1022028/

Tagged with: Corporate Governance

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