Eleven months after B. Ramalinga Raju, the former chairman of Hyderabad-based Satyam Computer Services, confessed to masterminding a $1.2 billion fraud at Indias fourth largest I.T. outsourcing company, the dirt is still tumbling out. On Nov. 24, the country's Central Bureau of Investigation (CBI) released findings that show the alleged fraudulent accounting and embezzlement was far larger than originally thought. Raju and nine accomplices skimmed some $2.5 billion from the...
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Civil Society Questions Anti-Naxal Operations
A fact finding team of many civil society organizations has reported widespread occurrences of murders, tortures and cases of police atrocities in Chhattisgarh in the name of combating Naxalism. It is also being alleged that in the name of their own security, journalists are being stopped from going to so called “combat zones” where security forces have launched an Operation Greenhunt to flush out armed Maoists. Fifteen members of the...
More »Blowing The Whistle by Prashant Bhushan, VK Shunglu, Arvind Kejriwal, Madhu Bhaduri
The CVC has failed to be an institutional bulwark against corruption. The reason? Wrong appointments. It's time to fix the methodology of these appointments and make them transparent. The Central Vigilance Commission (CVC) was set up as a department of the government of India in the 1960s. It was functioning as an organization to advise government on all matters relating to corruption in public services and lack of integrity vis-à-vis public...
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Output and Growth According to the [inside]Economic Survey 2017-18, Volume-2[/inside] (please click here to access): • The growth rates of agriculture & allied sectors have been fluctuating at 1.5 per cent in 2012-13, 5.6 per cent in 2013-14, (-) 0.2 per cent in 2014-15, 0.7 per cent in 2015-16 and 4.9 per cent in 2016-17. • The Gross Capital Formation (GCF) in Agriculture and Allied Sectors relative to Gross Value Added (GVA) in...
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KEY TRENDS • In 2017-18, 24.8 percent of rural working-age men and 74.5 percent of rural working-age (viz. 15-59 years) women were not employed. In urban areas, 25.8 percent of working-age men and 80.2 percent of working-age women were not employed AB • Both the Periodic Labour Force Survey (PLFS) and the Consumer Pyramids Survey of the Centre for Monitoring the Indian Economy (CMIE-CPDX) report the overall unemployment rate to be around 6 per cent in 2018,...
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