The Serious Fraud Investigation Office (SFIO) will have powers to investigate and prosecute corporate entities under the Companies Bill, 2011, expected to be cleared by the Union Cabinet before Diwali. The bill also envisages rotation of company auditors for higher accountability, corporate social responsibility, a more effective regulation of related party transactions and stricter provisions to prevent siphoning of funds through subsidiary and associate companies. The government expects the bill to modernise,...
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PM Manmohan Singh calls for review of RTI Act
-The Economic Times Prime Minister Manmohan Singh has called for a review of the Right to Information (RTI) Act, one of the UPA's trophy legislations, potentially exposing the government to a fresh stand-off with civil society. Addressing a two-day annual convention of the Central Information Commission here, Singh said the transparency law should not adversely affect deliberative processes in the government and discourage honest, well-meaning public servants from voicing their views. He...
More »Singh articulates concern over RTI
-The Telegraph Prime Minister Manmohan Singh today called for a re-look at the Right to Information Act to ensure it is used only in the public interest. At the same time, he ruled out any dilution of the law and said “empowering our citizens” with RTI was a “huge step forward” towards “curbing corruption and improving the process of governance”. Singh promised to build on “these achievements” by bringing legislation to protect...
More »RTI should not affect govt work, says PM
-The Times of India Prime Minister Manmohan Singh on Friday endorsed the concerns of his ministerial colleagues over Right To Information (RTI), saying the transparency enabler should not adversely affect deliberations in the government and deter honest officials from expressing their views on file. While hailing RTI's extensive use and underlining his government's intent to strengthen the law, the PM said there was a need to strike a fine balance between the...
More »Is the Planning Commission out of touch with reality, or are we not listening? by Arun Maira
What has changed since the economic reforms began? Many things. No waiting for years for a telephone connection, now cell phones with everyone. From three makes of cars with wind-down windows to dozens of makes, all air-conditioned. From one domestic airline, government owned and for the rich, to many private carriers for the middle class too. What has also changed is the knocking on the window. There are many more rich people...
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