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....
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Blind Men Of Hindostan by Sheela Reddy
Do we, the Indian middle class, see the corruption within us? I was too busy being corrupt to join Anna Hazare’s camp last week. For four days, I heard nothing but stories of our Tahrir Square-like revolution against the corrupt unfurling right under our noses in Delhi’s Jantar Mantar. But it was school admission time and I had some serious palm-greasing, document-fudging, string-pulling, weight-throwing and tout-chasing to do. I had...
More »Media support crusade against corruption
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,...
More »Anna Hazare, others declare assets
Social activist Anna Hazare has Cash assets worth Rs.68,688.36. He owns 0.07 hectares of family land in Ralegan Siddhi which is being used by his family. Two other pieces of land donated to him by the Army and by a villager have been donated by him for village use. This is all that Mr. Hazare, who lives in a temple in Ralegan Siddhi, a model village, owns. Sent to chairman The assets of...
More »Everybody loves to fight poverty by Puja Mehra
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...
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