Five audit firms of Price Waterhouse India have admitted to the US markets regulator, the Securities and Exchange Commission (SEC), that deficiencies in their auditing process were not restricted to Satyam Computer , but extended to other companies audited by them in India as well. This disclosure by PW India is in two documents released by the SEC on April 5 while concluding its findings on the Satyam accounting fraud case....

There can be little question that the news media, print as well as television, have contributed significantly to bringing the issue of corruption to political India's centre stage. The focus on the corruption of elections through ‘cash for votes' comes in tandem with the proactive intervention by the Election Commission of India during the April-May elections to State Assemblies. There can also be little doubt that the U.S. Embassy Cables,...

It is not often that a social security programme the size of Mahatma Gandhi NREGS - New Delhi has spent Rs 40,000 crore on it in 2010/11 alone - faces an existential moment. But, April 2011 will present one such crossroad: the end of the term of a bureaucrat widely acknowledged as the prime mover behind the five-year old scheme. Brought in six years ago to the Centre from her parent...

Investigation in the Hasan Ali case has reached a crucial stage with the Enforcement Directorate (ED) deciding to question Puducherry lieutenant governor Iqbal Singh and UP chief minister Mayawati's principal secretary Vijay Shankar Pandey in the $8 billion money-laundering probe. While summons were issued to Iqbal Singh on Friday, ED is likely to issue notice to Pandey in the next few days asking him to appear for questioning, sources said. Faced with...

Anna Hazare succeeded because he tapped into a deeply felt anger against corruption and systemic gang-up. But the campaign must define itself ideologically or risk appropriation by right-wing usurpers. A future historian attempting to document the Anna Hazare fast at the Capital's Jantar Mantar will likely confront contrasting images: of multitudes enthused and galvanised by one elder citizen's crusading zeal, of Mr. Hazare's almost single-handed ability, within days, to bring the...