In a new twist to the alleged Rs 5,600-crore scam in giving away contracts for ambulance and emergency healthcare services to a private party in 10 states, the Centre told the SC that though the funds for the services were from National Rural Health Mission (NRHM), the onus rested with the state governments to ensure transparent bidding process. A PIL had alleged that it smelled a gigantic scam in former...

The declaration of assets by Supreme Court judges recently is a belated step in the right direction. By challenging the direction of the Central Information Commission in the high court, and then appealing against its decision, the Chief Justice of India (CJI) gave an impression that instead of being a paladin of impartiality and transparency, he was more interested in protecting his peers. This voluntary move appears to have been...

There is substantial capacity in the cooperative sugar sector. Reform of the sector needs transparency, enforcement of prudential norms and effective governance. Multi State Cooperatives can now become Producer Companies under the Companies Act by the Second Amendment in 2002 based on a Draft Act prepared by a Committee I chaired. As far as possible conflict of interest, reporting norms and so on need enforcement for Cooperatives as in Company...

India continues to be one of the most corrupt nations in the world with many of its public institutions given to rampant misdeeds. Corruption is India's bane and threatens to derail its rapidly growing economy. The country ranks a dismal 84th in a list of 180 countries, according to Transparency International's 2009 Corruption Perceptions Index, a measure of domestic and public sector corruption. The corruption watchdog says that many African,...

One of the standout features of the monetary stimulus in India has been the wide divergence between the RBI’s policy rates and the actual lending rates of banks — the latter haven’t fallen nearly as much as the RBI would have liked. On Wednesday, Governor Subbarao ticked Indian banks off for the stickiness and non-transparency in lending rates and urged them to get out of the mindset which has led...