Preview

Scam's in India

Good Essays
Open Document
Open Document
872 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Scam's in India
Scam-a-day India or more accountable India by Anant Rangaswami Aug 27, 2012
#Coalgate #Corruption in India #JustSayingPrint
Share on emailEmail Share on facebook_likeShare inShare1 Comments Corruption in India
Read more from The Economist. Uncompromising global perspective. www.economist.com | | Distance Courses
Enhance Your Skills, Get Better Job Register for LPU Distance Program! www.lpude.in
Ads by Google |
Everything seems to be dank and dark today. Every political party is being exposed in corruption issues, some small, some large, some beyond comprehension. Inflation is rampant, IIP is down, GDP growth is shrinking, reforms seem to be in cold storage, the sovereign ratings of the country head south, the rupee is struggling, FDI inflows come down to a trickle.
There is nothing to cheer about, it seems.
Yes, there is, if you look hard enough.
Take the case of former BMC chief Subodh Kumar and his attempt to take a post-retirement job with Essel group. Hindustan Times, in a news report, linked Kumar to an approval that was sought by the Essel group, using his discretionary powers. That was the end of that.
The Subodh Kumar episode demonstrates that, in today’s environment, there is little that will escape scrutiny by media. It might be a small, insignificant episode, but it is a pointer of the state of the nation and the nation’s attitude towards corruption.

There is no more ‘respect’ for the ‘sanctity’ of the office of the prime minister, as has been proven by the attempts to gherao his residence as if he were no different from the manager of a factory in West Bengal in the Left agitations in the 1970s.
As far as media is concerned, there is no holy cow any more. News media, in all forms, does not hesitate to name wrongdoers and alleged wrongdoers, starting with the lowliest of government servants and rising to the office of the Prime Minister and the Prime Minister himself.
“It is only a CAG who can fearlessly interrogate the

You May Also Find These Documents Helpful

  • Good Essays

    Media has the power to sway the opinion of the people according to what the politicians desire.…

    • 417 Words
    • 2 Pages
    Good Essays
  • Best Essays

    15. Corrie, Priyasha,Instilling Public Confidence in Administration: The Need for an Ombudsman-like Institution in India(May 11, 2008). Available at SSRN: http://ssrn.com/abstract=1131678…

    • 3050 Words
    • 13 Pages
    Best Essays
  • Good Essays

    The scam that lead to 176-point Sensex crash on day March 1st 2001 gave a major shock to the Indian Government, Indian stock markets and all the investors in the same way. Also since the Union budget was tabled only a day earlier and had been claiming for the growth initiatives in the future and also had prompted a further increase of 177 point on the Sensex. This dramatic crash in Indian stock markets had prompted Securities Exchange Board of India (SEBI) to take actions and investigate the volatility of Indian stock markets. SEBI further also had decided to investigate the books of various brokers who were earlier suspected of initiating this crash.…

    • 840 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Indian society

    • 4112 Words
    • 17 Pages

    Jump up ^ Ayyadurai, VA Shiva; Sardana, Deepak (19 October 2009). "CSIR-TECH Path Forward". Retrieved 15 April 2013.…

    • 4112 Words
    • 17 Pages
    Powerful Essays
  • Good Essays

    He was known as the 'Big Bull'. However, his bull run did not last too long.…

    • 1562 Words
    • 7 Pages
    Good Essays
  • Good Essays

    India is growing well, growing well in all terms, like strong economy, great infrastructure, top businessmen, more number of Indians in forbes richest people list, technology, education, strong media, politics on the positive side and when we looking into the worrying part comes big scams, curruption, etc.…

    • 983 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Satyam Scam

    • 3742 Words
    • 15 Pages

    Ethics is a branch of philosophy which seeks to address questions about morality, such as how a moral outcome can be achieved in a specific situation (applied ethics), how moral values should be determined (normative ethics), what moral values people actually abide by (descriptive ethics), what the fundamental semantic, ontological, and epistemic nature of ethics or morality is (meta-ethics), and how moral capacity or moral agency develops and what its nature is (moral psychology).…

    • 3742 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    Satyam Scam

    • 2134 Words
    • 8 Pages

    Ramalinga Raju had founded SATYAM Computers in 1987 and was its chairman till 7th January 2009. The SATYAM fraud came to light on 7th January 2009 when Chairman Ramalinga Raju confessed that SATYAM’s accounts were falsified. He resigned from the SATYAM board after admitting that he had cheated six million share holders. He was charged with cheating, embezzlement and insider trading. Raju had appointed a task force to address the MAYTAS situation in the last few days before revealing the news of the accounting fraud. MAYTAS ("SATYAM" read backwards) refers to a group of companies founded by B. Ramalinga Raju. It includes MAYTAS Properties and MAYTAS Infra Limited. After the scandal broke, the then-board members elected Ram Mynampati to be SATYAM's interim CEO.…

    • 2134 Words
    • 8 Pages
    Good Essays
  • Satisfactory Essays

    Top Scams in India

    • 829 Words
    • 4 Pages

    | Comptroller and Auditor General of India, the coal ministry, many electricity boards and private companies…

    • 829 Words
    • 4 Pages
    Satisfactory Essays
  • Powerful Essays

    satyam scam

    • 1577 Words
    • 7 Pages

    It is with deep regret, and tremendous burden that I am carrying on my conscience, that I would like to bring the following facts to your notice;…

    • 1577 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    Sting Operations

    • 269 Words
    • 2 Pages

    Ans. From ‘Watergate’ (USA) to Tehelka, to ‘Cash for Questions’ the invisible camera has cut short the political career of many a big-wig politicians and made their real faces visible to the people. No doubt, sting operations carried out by the media (both print and electronic) and others in public interest merit to be legalised so that their findings command due respect and recongnition in the courts as well as in the perception of the people at large. The exposure of corrupt politicians and bureaucrats is the primary responsibility of not only the investigating agencies like the CBI and VB but also of the ever vigilant media, provided the operations are done not to settle personal scores but in the national interest.…

    • 269 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Harshad Mehta

    • 1974 Words
    • 8 Pages

    Contents [hide] * 1 Early life * 2 Career * 2.1 The 1992 security scam * 2.2 Exposure, trial and conviction * 2.2.1 Allegations of payment of bribe to India 's prime minister * 2.3 Death * 2.4 In popular culture * 2.5 See also * 2.6 References * 2.7 External links…

    • 1974 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    The Lokpal Bill has been pending for the last 42 years. Though it was passed in the Lok Sabha in 1969, the Rajya Sabha rejected it.…

    • 1250 Words
    • 5 Pages
    Good Essays
  • Good Essays

    If two or more persons meet together and start talking about the present society of India, they soon come to the conclusion that every system, every institution of India is infested with corruption. Corruption has become so common in public life that people are now averse to thinking of public life without this phenomenon.…

    • 423 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The adage is quite old but its relevance is ageless. The past week has clearly reflected how the politicians have become absolutely corrupt by virtue of the absolute power bestowed on them through constitution. Every effort to remove this absolutism has been thwarted with complete disdain. Lokpal has not been allowed for so many decades and all the political group has covertly disliked it and colluded to not allow it happen in spite of a free nation together asking for it. Every word is silenced and khemkas and Durgas of this world get their wings clipped if they try to play with the absolute power. The reason is our political system has become close to monarchy in feigned way. The only difference from monarchy is that this system has group of monarchs. If one looks at the demography of politicians, all the new clans are the younger faces of the older generation. There are hardly a new family or individual joining the politics, rather new breeds are not allowed to prosper. Kejriwals are made to meet their own death by the use of this absolute power. The same media which was doing everything to highlight them and earn TRPs is now blocking every bit of news , why? they also have to survive in this absolutism. After all , this is also run by the people who have to survive and feed their family, so bonhomie has to be there with power. All the new generation of politician have the same genes, so how can one expect them to be different? be it congress or RJD or Shiv Sena or DMK or SAD or SP or any one , the replacements are not coming from any where other than the family? how this can be different from monarchy? Even those kins who had taken profession in films and sports, are coming back to politics. Just to keep the absolute power remaining absolute.…

    • 630 Words
    • 3 Pages
    Good Essays