Global business abhors uncertainty. The ministerial-level corruption in UPA-II has slowed FDI and FII inflows. The stock market, despite double-digit corporate profit and 8.6% GDP growth, reflects the anxiety of Indian and foreign investors. To take India's growth story forward in the 20th year of economic reforms, political reforms must catch up. Misgovernance won't do in a globalised, interconnected world. Two kinds of political corruption blight India: episodical and ongoing. Episodical...
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Appoint best prosecutor in 2G case: court by J Venkatesan
The Supreme Court, hearing the 2G spectrum scam case, on Wednesday asked the CBI to appoint the best person as public prosecutor to conduct the trial in the special court, to be appointed before March 29. Senior counsel K.K. Venugopal, appearing for the CBI, said he would take instructions and a suitable person would be appointed. Earlier, the CBI told a Bench of Justices G.S. Singhvi and A.K. Ganguly that it would...
More »Public administration has fallen prey to corruption: former bureaucrats by J Venkatesan
They move Supreme Court for implementation of reforms Lack of good governance violative of Article 21 (right to life and liberty) Form independent Civil Service Board both at Centre and in States In a rare instance, 83 former bureaucrats including retired Chief Election Commissioners, retired police officers, a former Governor, retired diplomats and retired Chief Secretaries have come together and moved the Supreme Court seeking implementation of the recommendations on administrative reforms. A Bench...
More »63 people under scanner in 2G spectrum case, CBI tells SC
Sixty-three persons, including promoters and CEOs of 10 telecom firms have come under its scanner in the 2G spectrum case, the CBI on Tuesday told the Supreme Court which expressed satisfaction over the ongoing probe. The central government, which is also party to the case, informed a bench of justices G S Singhvi and A K Ganguly that it is in favour of setting up a special court to try...
More »Mrs Boss caught with gold bricks
The wife of a top PSU boss has been caught collecting bribe in gold bricks, the CBI said today, the charge suggesting that the corrupt remain as audacious as ever in spite of the shakedown in high places. Abhay Kumar Srivastava, the chairman and managing director of Navratna PSU Nalco, and his wife Chandni have been arrested. The CBI said Chandni took three 24-carat gold bricks weighing a kg each in...
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