A widening corruption scandal that has touched India’s prime minister sent the country’s stock markets down sharply on Friday and threatened to tarnish the country’s image as a rising economic power. Setting off the turmoil was a report from the country’s auditor earlier this week that about $40 billion in wireless spectrum license fees had been squandered by the government’s telecommunications and information technology minister. On Thursday, India’s Supreme Court criticized...

Central Vigilance Commissioner PJ Thomas will send in his resignation to the President on Wednesday. With the Supreme Court and the Opposition piling up pressure on the Centre for the removal of the ‘tainted’ CVC, the government leadership has advised Thomas to vacate the post. Thomas continuance became untenable on Tuesday after the Supreme Court questioned his suitability to supervise CBI’s investigations into the 2G spectrum scandal. “He had justified the...

The Central Vigilance Commission (CVC), probing alleged financial bungling in the Commonwealth Games-related projects, has referred certain cases to the Enforcement Directorate (ED) to check whether there was violation of foreign exchange laws. Official sources said that projects like construction of Commonwealth Games Village near Akshardham temple and flyovers, hiring and procurement of medical and fitness equipment and conduct of outdoor publicity campaign by the Organising Committee may come under the...

The institution of Auditor General, established in 1860, became Comptroller and Auditor General of India (CAG) with the commencement of the Constitution. On the occasion of the initiation of year-long celebrations to mark 150 years of the institution, may one, as a former member of the Indian Audit and Accounts Service, put forward a few suggestions (numbered for convenience) aimed at enhancing the effectiveness of the institution? 1. It is a...

Former chief justice of India KG Balakrishnan on Friday said the Right To Information (RTI) Act "was grossly misused" and needed amending to prevent the misuse. "It is time for introspection on the five-year-old RTI Act. It is grossly misused. Most of the applicants are applying the RTI not for public good, but for misuse," Balakrishnan said at a seminar on "RTI-Key to good governance", organised by the Institute of Secretariat...