Controversy around electoral bonds

Monday, November 18, 2019
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Political funding is still a grey area in India.

Electoral bond is an instrument to donate money to political parties  and can be purchased from State Bank of India and identities of donor and receiver are kept secret. NDA government rejected objections of RBI before passing the law. The government claims that electoral bonds will weed out black money from political funding but opposition parties and Election Commission feel the bond scheme promotes anonymous funding and favours the BJP. ...

Corruption in Judiciary: How judges favour govt for post-retirement jobs

Saturday, June 29, 2019
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Some judges who retire long before retirement tend to favour govt. Source: Pixabay

The probability of the government winning a case more than doubles when decided by a bench with both judges retiring at least 16 months before the election, enough time for the government to reward them. The case, however, has to be of special importance to the government. Judges also strengthened their prospects by writing the judgement instead of just passing the favourable order. ...

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Politics of electoral bonds

Monday, April 15, 2019
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Political funding is still a grey area in India.

Electoral bond is an instrument to donate money to political parties  and can be purchased from State Bank of India and identities of donor and receiver are kept secret. NDA government rejected objections of RBI before passing the law. The government claims that electoral bonds will weed out black money from political funding but opposition parties and Election Commission feel the bond scheme promotes anonymous funding and favours the BJP. ...

Bleeding banks need more than a bandage

Wednesday, June 21, 2017
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NPAs affect circulation of funds. Source: Pixabay

The banking industry is in shambles thanks to high level of NPAs, especially in public banks. According to a report by the Public Finance Public Accountability Collective (PFPAC), the NPAs rose from a mere Rs 50,517 crores in 2007 to Rs 5,41,763 crores in 2016. In a period of six months between September 2015 and March 2016 the amount of NPAs shot up by a staggering 46 percent. That they now stand at Rs 10 lakh crore underscores the economic...

Rise of Fraud Inc

Wednesday, November 27, 2013
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Devil wears the suit.

The CBI FIR against Hindalco group chairman Kumar Mangalam Birla in the coalgate scam riled businessmen and politicians alike. Many voices said that such a move can affect the morale of our industrialists, who may leave the country along with their investments. That such cases are increasingly being reported seemed to have been lost on them. Earlier, Anil Ambani and Videocon's promoter Venugopal Dhoot were grilled in the 2G Spectrum scam. The...

Scam of a canal

Wednesday, July 18, 2012
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Something fishy about it: Last year Rs 31 crore was spent on the maintenance of canal in Jaisalmer district alone. Source: GOI Monitor

Chattar Singh of Ramgarh village had never heard of a mosquito till the time he went to Jaipur to appear in a school examination. When the village elders asked him how he plans to tackle the blood thirsty insects, he said, “Let them come, I will have my stick ready.”

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