Satyam Computer Services and its former auditor PricewaterCoopers (PwC) have agreed to pay a combined $17.5m (£10.7m) in fines in the US after one of India's biggest corporate scandals. Satyam, an outsourcing company, will pay $10m for falsely reporting more than $1bn in profits over five years. The company's chairman Ramalinga Raju admitted to the fraud in 2009. Satyam's shares were indirectly traded on the New York Stock Exchange (NYSE) as well as...
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Lokpal Bill: Government vs Anna Hazare
Veteran activist Anna Hazare's fast-unto-death gathered steam on its second day as he pressed for a stronger anti-graft Lok Pal Bill through greater involvement of civil society - a protest he has dubbed as the second Satyagraha. Hazare wants equal representation from civil society in drafting the Lok Pal Bill. The debate on some of the proposals put forward by both Hazare and the government on the contentious bill that has been...
More »Lokayukta police not to file FIR
Yeddyurappa gets a breather The Lokayuka police have decided not to file a First Information Report (FIR) in the investigation of corruption charges against Chief Minister B.S. Yeddyurappa, his sons B.Y. Raghavendra, MP, and B.Y. Vijayendra, his son-in-law R.N. Sohan Kumar, the former BJP Minister S.N. Krishnaiah Setty and Davalagiri Property Developers Ltd., partly owned by Mr. Yeddyurappa's kin. The Lokayukta police were given six weeks to conduct an inquiry into...
More »Oppressor's case by TK Rajalakshmi
Women's organisations rise up against a petition that seeks an amendment to Section 498A of the Indian Penal Code. A PETITION that alleges the misuse of Section 498A of the Indian Penal Code, which has been admitted by the Rajya Sabha Committee on Petitions, has become an object of concern among leading women's organisations in the country. The petition claims that the law, dealing with dowry-related torture and acute domestic...
More »MGNREGA Misuse
If reports as appearing in a section of the local media are to be believed, several crores of funds under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) have been siphoned off “under the DAN government”. Detailed charges have been put up by the Nagaland Pradesh Congress Committee (NPCC) against the large scale misuse of public fund under the MGNREGA by the present ‘DAN government”. The charges have been...
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