Denmark (Rank 1) Denmark along with two other countries have been ranked as the world's least corrupt countries. With a score of 9.3, Denmark has consistently topped the Transparency International's Corruption Perceptions Index. The country has a strong tradition of openness to global trade and investment, and transparent and efficient Regulations are applied evenly in most cases. Denmark also boasts an efficient, independent judiciary that protects property rights, and the level of corruption is...

The Orissa government on Friday moved the Supreme Court challenging the Orissa High Court order that quashed its decision to permit South Korean steel major Posco to mine iron ore in Sundergarh district of the state. The matter is likely to come up for hearing in November end. The state government had recommended the grant of prospecting licence (PL) to Posco India for the Khandadhar mines for its 12-million-tonne steel plant...

In a significant step towards foolproof monitoring of micro finance institutions (MFIs) and gaining first-hand information on multiple lending, excessive rural indebtedness and irregularities in the sector, the state government has constituted four working committees that would integrate various databases of SHG bank linkage, ration cards & borrowers' data being submitted by MFIs on a priority. These committees would create and maintain the website on MFIs and also help in responding...

The Rs 51,000-crore Posco steel project in Orissa, that has been delayed for five years, faces the prospect of getting delayed further. The ministry of tribal affairs is now looking at the possibility of whether the South Korean steel project, which also represents the largest foreign direct investment (FDI) in India so far, has actually encroached into the land owned by tribals. The Union ministry of environment and forest (MoEF) has...

The Food and Civil Supplies Department has ordered an inquiry into the alleged black marketing of fortified atta (wheat flour) meant for distribution through the Public Distribution System (PDS) in Ahmedabad. PDS store managers in Danilimda, Juhapura, Piplag, Santoshnagar, Meghaninagar, Shah Alam, Gomtipur and Vasna-Sorainagar have reportedly sold off ration items, especially fortified flour meant for the poor, to eateries, hotels and grocery stores in the city. F L Ghalchar, Deputy Controller,...