Major Scams in India Since 1947: a Brief Sketch
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Role of Corporate Goverance and Sebi : a Critical Analysis
Journal of Xi'an University of Architecture & Technology Issn No : 1006-7930 ROLE OF CORPORATE GOVERANCE AND SEBI : A CRITICAL ANALYSIS Dr. Neetu Prakash Assistant Professor, Guru Nanak Khalsa College for Women, Model Town, Ludhiana ABSTRACT Corporate frauds or financial crimes or financial frauds can be classified as white-collar crimes, which represent the illegal acts that are characterized by deceit, concealment or violation of trust. The fraudulent exercises practiced by Enron, WorldCom and Martha Steward shook the world. Of these scandals, the Enron accounting scandal was the most infamous one. There were similar allegations against the WorldCom Company, whose CEO Bernard Ebbers hid an expenditure of $11 bn; later this led the company to bankruptcy. Frauds have occurred in almost every country in the world, in almost every sector, including banking, insurance, telecom, automobile industry, health, and the list is endless. The growing focus on cross-border expansion, high levels of growth with internal processes not keeping pace and large number of new employees joining the organization are making most companies vulnerable to greater fraud risk in recent times. The IT hackers and fraudsters can pose a significant threat of a financial crime. Cyber-crimes, economic crimes, ethical crimes, falsification of accounts by showing inflated profits, breach of fiduciary duty, breach of confidential information, non- disclosure of material facts etc. are causing enormous harm to the rights and interests or the society. Every such corporate fraud is a heinous crime against humanity, as it adversely affects and ruins the fortunes of large segments of innocent people. There are several adverse consequences of financial crimes. -
Indian Military Procurements: a Scandalous Affair
Indian military procurements: a scandalous affair Dr Zia Ul Haque Shamsi India, the world’s largest democracy and a non-NPT nuclear weapons’ state, is plagued with scandals for military procurements. Despite stringent and painstaking bureaucratic processes for the approvals of defence procurements, India has perhaps the most numbers of scandals of corruptions when it comes to buying arms and equipment. The most famous corruption scandal in Indian military procurements remains that of Swedish Bofors guns during the 1980s. As the narrative goes, Indian military acquired some 410 field howitzer guns of 155 mm calibre from a Swedish firm Bofors AB for USD 1.4 billion. While the selection of the equipment was not questioned, nor the contract package, but it was revealed much later that millions of dollars were paid by the Swedish company to Indian politicians to secure the contract. This bombshell news was actually broken by the Swedish radio on April 16, 1987. The news was immediately reported in Indian media and had an extremely adverse impact on Prime Minister Rajiv Gandhi, who in fact lost the general elections held in November 1989. Interestingly, Janta Dal leader VP Singh who was Gandhi’s Defence Minister when the Bofors scandal broke the ground and had resigned, became India’s Prime Minister in the aftermath of disastrous results for Indian National Congress (INC). Another Indian military acquisition deal which came to light due to allegations of bribery by the international vendor relates to Thales’ Scorpene-class submarines. The alleged amount was USD 175 million in a total contract deal of USD 3.0 billion, which was made through a middleman. -
261 Advocate (Amdt.) [ 18 NOV. 1980 ] Bill, 1980 262
261 Advocate (Amdt.) [ 18 NOV. 1980 ] Bill, 1980 262 THE ADVOCATE (AMENDMENT) i found to be only in these two cities in India BILL, 1980 occasioned a certain amount of controversy. Parliament finally considered it desirable to do THE MINISTER OF LAW, JUSTICE away with the institution of attorneys so that AND COMPANY AFFAIRS (SHRI SHIV there could be a unified bar and only one class SHANKAR): Mr. Deputy Chairman, Sir, I of legal practitioners, namely, advocates. In move: order to give effect to this object, the Advocates (Amendment) Act, 1976 was "That the Bill further to amend the passed which abolished the class of legal prac- Advocates Act, 1961, as passed by the Lok titioners known as attorneys and the pre- Sabha, be taken into consideration." existing attorneys became advocates. However, for the purpose of determining their Sir, this Bill is a very short one which seniority as advocates, their earlier experience seeks to make two small amendments to the and standing as attorney was not taken into account. This resulted in the anomaly of very Advocates Act, 1961. The other House found many senior attorneys, who had been it to be non-controversial and I hope that the practising as such for several years and were as position would not be different in this House. well qualified becoming junior to those advo- cates who joined the legal profession very The first of these amendments is designed much later and whose standing in the to do away with an anomaly which has come profession was less. The views of the Bar to light recently. -
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Scanned by CamScanner Scanned by CamScanner Scanned by CamScanner Page 1 School-wise pending status of Registration of Class 9th and 11th 2017-18 (upto 10-10-2017) Sl. Dist Sch SchoolName Total09 Entry09 pending_9th Total11 Entry11 1 01 1019 D A V INT COLL DHIMISHRI AGRA 75 74 1 90 82 2 01 1031 ROHTA INT COLL ROHTA AGRA 100 92 8 100 90 3 01 1038 NAV JYOTI GIRLS H S S BALKESHWAR AGRA 50 41 9 0 4 01 1039 ST JOHNS GIRLS INTER COLLEGE 266 244 22 260 239 5 01 1053 HUBLAL INT COLL AGRA 100 21 79 110 86 6 01 1054 KEWALRAM GURMUKHDAS INTER COLLEGE AGRA 200 125 75 200 67 7 01 1057 L B S INT COLL MADHUNAGAR AGRA 71 63 8 48 37 8 01 1064 SHRI RATAN MUNI JAIN INTER COLLEGE AGRA 392 372 20 362 346 9 01 1065 SAKET VIDYAPEETH INTERMEDIATE COLLEGE SAKET COLONY AGRA 150 64 86 200 32 10 01 1068 ST JOHNS INTER COLLEGE HOSPITAL ROAD AGRA 150 129 21 200 160 11 01 1074 SMT V D INT COLL GARHI RAMI AGRA 193 189 4 152 150 12 01 1085 JANTA INT COLL FATEHABAD AGRA 114 108 6 182 161 13 01 1088 JANTA INT COLL MIDHAKUR AGRA 111 110 1 75 45 14 01 1091 M K D INT COLL ARHERA AGRA 98 97 1 106 106 15 01 1092 SRI MOTILAL INT COLL SAIYAN AGRA 165 161 4 210 106 16 01 1095 RASHTRIYA INT COLL BARHAN AGRA 325 318 7 312 310 17 01 1101 ANGLO BENGALI GIRLS INT COLL AGRA 150 89 61 150 82 18 01 1111 ANWARI NELOFER GIRLS I C AGRA 60 55 5 65 40 19 01 1116 SMT SINGARI BAI GIRLS I C BALUGANJ AGRA 70 60 10 100 64 20 01 1120 GOVT GIRLS INT COLL ANWAL KHERA AGRA 112 107 5 95 80 21 01 1121 S B D GIRLS INT COLL FATEHABAD AGRA 105 104 1 47 47 22 01 1122 SHRI RAM SAHAY VERMA INT COLL BASAUNI -
~D/Jfw Incorporating the 'Free E~Nomlc Rel'iew'
1/ Xr:, :;. ) lJ :;· Vol. :VI No. 3 April 15, 1958 ~d/Jfw Incorporating the 'Free E~nomlc ReL'iew' INDEPE.'WE!'.'T JoURNAL OF Eco:so~nc AND Puuuc AFFAIRS ~n · WE STAND FOR FREE ECONOMY IN THIS ISSUE Letters to the Editor 2 EDITORIAL 3 India and Islam by 111. A. Venkata Rao 5 Untimely Cloud Over India .....• 7 Khrushchev Reaches the Pinnacle by T. L. Kantam 9 India and the Middle-East by Sumant Bankeshwar 11 Abolish Caste By Legislation by S. Ramanathan 13 What Is Libertarianism? 17 "The Personality Cult In India by Lal 18 Nehru Is Crying For The Moon by Kis1wre Valicha 20 Where Does Mri~ulla Get Money for Anti-Indian Propaganda? 21 On the News Front •11 22 Book Reviews 25 • ltlake English the Official Language ·of India Unleso specified publication or matter does .. not neoessarllJ mean editorial endorsement Priee 25 Naye Paise • by twenty years involved ·the fre ezing of two hundred sixty billion Letters r roubles loaned to the State by the To. public. This is one of the exam The Indian Libertarian The Editor ples of communist disregard for the right of the people who, in good Indt,..ndm ]oumDI of Economic faith, subscribed to the state loans. tmd Public Alfairs WHY THIS IN.-U::TION ON THE Bombay Sumant S. Bankeshwar PART OF NEW DELHI? Ecllted by Dear 1\ladam: Speaking at New STOOPING TO CONQUER THE MISS Kusmr LonvALA Delhi Bakshi Ghulam Mahomed SHEIKH Pnhli<hed on the 1st ond 15th of asse~ that the Jammu and Kash Eoch \llonth mir Government .,..,ould not hesitate Dear Madam: It is surprising ' in takin~ strong action a~ainst that the present Chief Minister of Sheikh Abdullah: But the trouble Jammu and Kashmir State should SiDrle Copy 25 Naye Paise was that New Delhi was the centre have offered, on a silver platter so from which subversive activities to say, the premiership of the State Subscription Rat~.r: were directed in the State. -
South Asia Multidisciplinary Academic Journal, 22 | 2019, “Student Politics in South Asia” [Online], Online Since 15 December 2019, Connection on 24 March 2021
South Asia Multidisciplinary Academic Journal 22 | 2019 Student Politics in South Asia Jean-Thomas Martelli and Kristina Garalyté (dir.) Electronic version URL: http://journals.openedition.org/samaj/5852 DOI: 10.4000/samaj.5852 ISSN: 1960-6060 Publisher Association pour la recherche sur l'Asie du Sud (ARAS) Electronic reference Jean-Thomas Martelli and Kristina Garalyté (dir.), South Asia Multidisciplinary Academic Journal, 22 | 2019, “Student Politics in South Asia” [Online], Online since 15 December 2019, connection on 24 March 2021. URL: http://journals.openedition.org/samaj/5852; DOI: https://doi.org/10.4000/samaj. 5852 This text was automatically generated on 24 March 2021. This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License. 1 TABLE OF CONTENTS Generational Communities: Student Activism and the Politics of Becoming in South Asia Jean-Thomas Martelli and Kristina Garalytė Student Politics in British India and Beyond: The Rise and Fragmentation of the All India Student Federation (AISF), 1936–1950 Tom Wilkinson A Campus in Context: East Pakistan’s “Mass Upsurge” at Local, Regional, and International Scales Samantha Christiansen Crisis of the “Nehruvian Consensus” or Pluralization of Indian Politics? Aligarh Muslim University and the Demand for Minority Status Laurence Gautier Patronage, Populism, and Protest: Student Politics in Pakistani Punjab Hassan Javid The Spillovers of Competition: Value-based Activism and Political Cross-fertilization in an Indian Campus Jean-Thomas Martelli Regional Charisma: The Making of a Student Leader in a Himalayan Hill Town Leah Koskimaki Performing the Party. National Holiday Events and Politics at a Public University Campus in Bangladesh Mascha Schulz Symbolic Boundaries and Moral Demands of Dalit Student Activism Kristina Garalytė How Campuses Mediate a Nationwide Upsurge against India’s Communalization. -
Managing Agencies and the Dalmia Jain Case
Munich Personal RePEc Archive Of Traders, Usurers and British Capital: Managing Agencies and the Dalmia Jain Case Tyabji, Nasir 2009 Online at https://mpra.ub.uni-muenchen.de/79136/ MPRA Paper No. 79136, posted 15 May 2017 07:21 UTC 88 Of Traders, Usurers and British Capital Managing Agencies and the Dalmia Jain Case Nasir Tyabji The Problem Posed The years between 1947 and 1966, covering the period from Independence to the end of the Third Five Year Plan, provided the arena for the most acute debates over the content of industrial development. In essence, these controversies centred on the form of ownership and control of the industrial undertakings which were already in operation and those which were to be established. Primarily at issue, thus, were the roles of the public sector and of the private sector on the one hand, and of Indian and foreign capital within the private sector, on the other. Equally debated at the time was the form of industrial organisation that was appropriate for the private sector under a system of socially regulated industrialisation. In particular, the Managing Agency System, linking a closely held decision making organisation allied to joint stock companies came under extensive scrutiny. This system, originated as an organisational form during the East India Company’s retreat from monopoly in India’s external trade, and subsequently served as the vehicle for British and Indian enterprise in trade and industry.1 Though this system had supporters right upto the time it was abolished in 1969, the myriad methods available for financial manipulation it provided had made it the basis for criticism since at least the time from which Indian industry’s performance came under scrutiny with the establishment of the Indian Industrial Commission over 50 years earlier. -
India's Agendas on Women's Education
University of St. Thomas, Minnesota UST Research Online Education Doctoral Dissertations in Leadership School of Education 8-2016 The olitP icized Indian Woman: India’s Agendas on Women’s Education Sabeena Mathayas University of St. Thomas, Minnesota, [email protected] Follow this and additional works at: https://ir.stthomas.edu/caps_ed_lead_docdiss Part of the Education Commons Recommended Citation Mathayas, Sabeena, "The oP liticized Indian Woman: India’s Agendas on Women’s Education" (2016). Education Doctoral Dissertations in Leadership. 81. https://ir.stthomas.edu/caps_ed_lead_docdiss/81 This Dissertation is brought to you for free and open access by the School of Education at UST Research Online. It has been accepted for inclusion in Education Doctoral Dissertations in Leadership by an authorized administrator of UST Research Online. For more information, please contact [email protected]. The Politicized Indian Woman: India’s Agendas on Women’s Education A DISSERTATION SUBMITTED TO THE FACULTY OF THE COLLEGE OF EDUCATION, LEADERSHIP, AND COUNSELING OF THE UNIVERSITY OF ST. THOMAS by Sabeena Mathayas IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF DOCTOR OF EDUCATION Minneapolis, Minnesota August 2016 UNIVERSITY OF ST. THOMAS The Politicized Indian Woman: India’s Agendas on Women’s Education We certify that we have read this dissertation and approved it as adequate in scope and quality. We have found that it is complete and satisfactory in all respects, and that any and all revisions required by the final examining committee have been made. Dissertation Committee i The word ‘invasion’ worries the nation. The 106-year-old freedom fighter Gopikrishna-babu says, Eh, is the English coming to take India again by invading it, eh? – Now from the entire country, Indian intellectuals not knowing a single Indian language meet in a closed seminar in the capital city and make the following wise decision known. -
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Scanned by CamScanner Scanned by CamScanner Scanned by CamScanner Scanned by CamScanner Scanned by CamScanner Scanned by CamScanner Scanned by CamScanner IRONING OUT THE CREASES: RE-EXAMINING THE CONTOURS OF INVOKING ARTICLE 142(1) OF THE CONSTITUTION Rajat Pradhan* ABSTRACT In the light of the extraordinary and rather frequent invocation of Article 142(1) of the Constitution of India, this note expounds a constructive theory of perusing Article 142(1) by the Supreme Court. The central inquiry seeks to answer the contemporaneous question of whether Article 142 can be invoked to make an order or pass a decree which is inconsistent or in express conflict with the substantive provisions of a statute. To aid this inquiry, cases where the apex court has granted a decree of divorce by mutual consent in exercise of Article 142(1) have been examined extensively. Thus the note also examines the efficacy and indispensible nature of this power in nebulous cases where the provisions of a statute are insufficient for solving contemporary problems or doing complete justice. INTRODUCTION An exemplary provision, Article 142(1) of the Constitution of India envisages that the Supreme Court in the exercise of its jurisdiction may pass such enforceable decree or order as is necessary for doing ‘complete justice’ in any cause or matter pending before it. While the jurisprudence surrounding other provisions of the Constitution has developed manifold, rendering them more concrete and stable interpretations, Article 142(1) is far from tracing this trend. The nature and scope of power contemplated in Article 142(1) has continued to be mooted imaginatively. -
Idss Commentaries
RSIS COMMENTARIES RSIS Commentaries are intended to provide timely and, where appropriate, policy relevant background and analysis of contemporary developments. The views of the authors are their own and do not represent the official position of the S.Rajaratnam School of International Studies, NTU. These commentaries may be reproduced electronically or in print with prior permission from RSIS. Due recognition must be given to the author or authors and RSIS. Please email: [email protected] or call (+65) 6790 6982 to speak to the Editor RSIS Commentaries, Yang Razali Kassim. __________________________________________________________________________________________________ No. 039/2013 dated 5 March 2013 Defence Procurement in India: Implications of Finmeccanica Scandal By Manaswini Ramkumar Synopsis India’s latest procurement scandal with Italian defence firm Finmeccanica carries serious political and economic ramifications for New Delhi. Apart from stalling Indian defence modernisation, the scandal could also spell electoral defeat for the Congress-led coalition government. Commentary THE RULING Congress government has been hit with yet another corruption scandal, this time in defence procurement. Last month, bribery allegations in a €556 million/US$743 million deal with a subsidiary of Italian defence firm, Finmeccanica, have surfaced at the most inopportune moment, politically as well as economically, for both India and Italy. The Indian government issued a show cause notice on 15 February 2013 to Finmeccanica and its UK-based subsidiary, AgustaWestland. It demanded a probe into the alleged kickbacks involved in the sales contract of 12 AW101s – AgustaWestland’s Medium/Heavy multi-role helicopter – that were meant to be used as civilian transport aircraft for VVIPs. The Defence Ministry suspended the payment for the remaining delivery of nine choppers, threatened to suspend the contract and blacklist Finmeccanica if the firm did not respond to the notice within a week. -
293 Conservation of Foreign [RAJYA SABHA] Prevention of Smuggling 294 Exchange and Activities (Amdt.) Bill, 1987
293 Conservation of Foreign [RAJYA SABHA] Prevention of Smuggling 294 Exchange and Activities (Amdt.) Bill, 1987 THE VICE-CHAIRMAN (SHRI JAGESH DESAI): If it is on he record, it is to be expunged. But I have not heard it. (Interruptions) If it is on the record, it will be expunged. Now the House stands adjourned for lunch and will meet at 2.30 P.M. The 'House then adjourned for lunoh at thirty minutes past one of the clock. The House reassembled after lunch at thirtytwo minutes past two of the clock, The Vide-Chairman Shri Jagesh Desai, in the Chir. I. Statutory Resolution seeking dis approval or the conservation of Fo reign Exchange and Prevention of Smuggling Activities (Amendment) Ordinance, 1987. II. The Conservation of Foreign Ex change and Prevention of Smuggl ing Activities (Amendment) Bill, 1987—Contd. 295Conservation of Foreign [RAJYA SABHA] Prevention of Smuggling 2 96 Exchange and Activities (Amdt.) Bill, 1987 "The Directorate also identified the telex number in Switzerland as that of the Handlesbank. Moreover, it was able to establish that a Mr. A. K. Jain had indeed stayed in Room No. 1504 of the London Hilton on September 20, 1983 and sent the message. Among the many Finance Ministry officials involved in the investigation were Mr. V. C. Pande, the then Secretary (Revenue), Mr. M. L. Wadhawan, Director-General of Economic Intelligence Bureau Mr. B. V. Kumar, Director, Revenue Intelligence, and others.... 297 Conservation of Foreign [19 AUG. 1987] Prevention of Smuggling 298 Exchange and Activities (Amdt.) bill, 1987 SHRI GHULAM RASOOL MATTO (Jammu and Kashmir): Mr. -
The Lockdown to Contain the Coronavirus Outbreak Has Disrupted Supply Chains
JOURNALISM OF COURAGE SINCE 1932 The lockdown to contain the coronavirus outbreak has disrupted supply chains. One crucial chain is delivery of information and insight — news and analysis that is fair and accurate and reliably reported from across a nation in quarantine. A voice you can trust amid the clanging of alarm bells. Vajiram & Ravi and The Indian Express are proud to deliver the electronic version of this morning’s edition of The Indian Express to your Inbox. You may follow The Indian Express’s news and analysis through the day on indianexpress.com eye THE SUNDAY EXPRESSMAGAZINE ServesAll,With a NEWDELHI,LATECITY Side of Chutney NOVEMBER1,2020 Idli is one of India’smost 18PAGES,`6.00 consumed breakfast. What (`8BIHAR&RAIPUR,`12SRINAGAR) accounts forits popularity? DAILY FROM: AHMEDABAD, CHANDIGARH, DELHI,JAIPUR, KOLKATA, LUCKNOW, MUMBAI,NAGPUR,PUNE, VADODARA WWW.INDIANEXPRESS.COM PAGES 14, 15, 16 THE WORLD EXPRESSINVESTIGATION PART ONE RASHTRIYAEKTA DIWAS ADDRESS Direct Benefit Transfer is direct PakadmitstoPulwama… siphoning of school scholarship timeworldunitestostamp SEAN CONNERY, THE In severaldistrictsofJharkhand,minority studentsare being dupedofa FIRSTJAMES BOND, outterror,itsbackers:PM DIES AT 90 Centrallyfundedscholarship by anexus of bank staff, middlemen, school PAGE 12 and govt employees, an investigation by The IndianExpress has found ‘Admission of attacktruth in PakistanHouse exposes real face of Oppositionhere, their distasteful statements’ Yogiwarning: Tribal boy is EXPRESSNEWSSERVICE Endlove jihad, shown as VADODARA,OCTOBER31 Parsi, woman PRIME MINISTER Narendra or get ready Modi said SaturdaythatPakistan told money had admitted to the “truth” that for Ram naam it wasbehind the Pulwama ter- rorattackin2019. satya hai from Saudi He said this admissioninthe Pakistanparliament —“wahan ki sansad meisatyasweekaragaya EXPRESSNEWSSERVICE ABHISHEKANGAD hai”—also exposed“the real LUCKNOW,OCTOBER31 RANCHI,DHANBAD,LATEHAR, face” of the Opposition parties at RAMGARH,LOHARDAGA, home.