Top 10 Corruption Scams in India

February 3, 2012

1) 2G Spectrum Scam

We have had a number of scams in India; but none bigger than the scam involving the process of allocating unified access service licenses. At the heart of this Rs.1.76-lakh crore worth of scam is the former Telecom minister A Raja – who according to the CAG, has evaded norms at every level as he carried out the dubious 2G license awards in 2008 at a throw-away price which were pegged at 2001 prices.

2) Commonwealth Games Scam

Another feather in the cap of Indian scandal list is Commonwealth Games loot. Yes, literally a loot! Even before the long awaited sporting bonanza could see the day of light, the grand event was soaked in the allegations of corruption. It is estimated that out of Rs. 70000 crore spent on the Games, only half the said amount was spent on Indian sportspersons.

The Central Vigilance Commission, involved in probing the alleged corruption in various Commonwealth Games-related projects, has found discrepancies in tenders – like payment to non-existent parties, will-ful delays in execution of contracts, over-inflated price and bungling in purchase of equipment through tendering – and misappropriation of funds.

3) Telgi Scam

As they say, every scam must have something unique in it to make money out of it in an unscrupulous manner- and Telgi scam had all the suspense and drama that the scandal needed to thrive and be busted.

Abdul Karim Telgi had mastered the art of forgery in printing duplicate stamp papers and sold them to banks and other institutions. The tentacles of the fake stamp and stamp paper case had penetrated 12 states and was estimated at a whooping Rs. 20000 crore plus. The Telgi clearly had a lot of support from government departments that were responsible for the production and sale of high security stamps.

4) Satyam Scam

The scam at Satyam Computer Services is something that will shatter the peace and tranquillity of Indian investors and shareholder community beyond repair. Satyam is the biggest fraud in the corporate history to the tune of Rs. 14000 crore.

The company’s disgraced former chairman Ramalinga Raju kept everyone in the dark for a decade by fudging the books of accounts for several years and inflating revenues and profit figures of Satyam. Finally, the company was taken over by the Tech Mahindra which has done wonderfully well to revive the brand Satyam.

5) Bofors Scam

The Bofors scandal is known as the hallmark of Indian corruption. The Bofors scam was a major corruption scandal in India in the 1980s; when the then PM Rajiv Gandhi and several others including a powerful NRI family named the Hindujas, were accused of receiving kickbacks from Bofors AB for winning a bid to supply India’s 155 mm field howitzer.

6) The Fodder Scam

If you haven’t heard of Bihar’s fodder scam of 1996, you might still be able to recognize it by the name of “Chara Ghotala ,” as it is popularly known in the vernacular language.

In this corruption scandal worth Rs.900 crore, an unholy nexus was traced involved in fabrication of “vast herds of fictitious livestock” for which fodder, medicine and animal husbandry equipment was supposedly procured.

7) The Hawala Scandal

The Hawala case to the tune of $18 million bribery scandal, which came in the open in 1996, involved payments allegedly received by country’s leading politicians through hawala brokers. From the list of those accused also included Lal Krishna Advani who was then the Leader of Opposition.

Thus, for the first time in Indian politics, it gave a feeling of open loot all around the public, involving all the major political players being accused of having accepted bribes and also alleged connections about payments being channelled to Hizbul Mujahideen militants in Kashmir.

8) IPL Scam

Well, I am running out of time and space over here. The list of scandals in India is just not ending and becoming grave by every decade. Most of us are aware about the recent scam in IPL and embezzlement with respect to bidding for various franchisees. The scandal already claimed the portfolios of two big-wigs in the form of Shashi Tharoor and former IPL chief Lalit Modi.

9,10) Harshad Mehta & Ketan Parekh Stock Market Scam

Although not corruption scams, these have affected many people. There is no way that the investor community could forget the unfortunate Rs. 4000 crore Harshad Mehta scam and over Rs. 1000 crore Ketan Parekh scam which eroded the shareholders wealth in form of big market jolt.

 

Source: http://trak.in/tags/business/2010/11/25/top-10-corruption-scams-scandals-india/


What is the Jan Lokpal Bill?

April 7, 2011

The Jan Lokpal Bill (Citizen’s ombudsman Bill) is a draft anti-corruption bill drawn up by prominent civil society activists seeking the appointment of a Jan Lokpal, an independent body  that would investigate corruption cases, complete the investigation within a year and envisages trial in the case getting over in the next one year.

A look at the salient features of Jan Lokpal Bill:

1. An institution called LOKPAL at the centre and LOKAYUKTA in each state will be set up

2. Like Supreme Court and Election Commission, they will be completely independent of the governments. No minister or bureaucrat will be able to influence their investigations.

3. Cases against corrupt people will not linger on for years anymore: Investigations in any case will have to be completed in one year. Trial should be completed in next one year so that the corrupt politician, officer or judge is sent to jail within two years.

4. The loss that a corrupt person caused to the government will be recovered at the time of conviction.

5. How will it help a common citizen: If any work of any citizen is not done in prescribed time in any government office, Lokpal will impose financial penalty on guilty officers, which will be given as compensation to the complainant.

6. So, you could approach Lokpal if your ration card or passport or voter card is not being made or if police is not registering your case or any other work is not being done in prescribed time. Lokpal will have to get it done in a month’s time. You could also report any case of corruption to Lokpal like ration being siphoned off, poor quality roads been constructed or panchayat funds being siphoned off. Lokpal will have to complete its investigations in a year, trial will be over in next one year and the guilty will go to jail within two years.

7. But won’t the government appoint corrupt and weak people as Lokpal members? That won’t be possible because its members will be selected by judges, citizens and constitutional authorities and not by politicians, through a completely transparent and participatory process.

8. What if some officer in Lokpal becomes corrupt? The entire functioning of Lokpal/ Lokayukta will be completely transparent. Any complaint against any officer of Lokpal shall be investigated and the officer dismissed within two months.

9. What will happen to existing anti-corruption agencies? CVC, departmental vigilance and anti-corruption branch of CBI will be merged into Lokpal. Lokpal will have complete powers and machinery to independently investigate and prosecute any officer, judge or politician.

10. It will be the duty of the Lokpal to provide protection to those who are being victimized for raising their voice against corruption.

Source: http://indiaagainstcorruption.org/


Apple iPad 2@ INDIA , Specs & Features

January 30, 2011

1. Camera
Currently, Apple iPad controls more than 70 percent of the total tablet market. Earlier it was about 80 percent, but the emerge of Google Android tablets affected its sale. The main reason for this was the Camera feature. Most of the new tablets boast camera and many of them have dual camera that support video calling. So, surely we can expect dual cameras on Apple iPad 2.

2. USB port
Another major change on iPad 2 will be the availability of a USB port. Currently, iPad has a 30-pin dock connector for externel connectivity. New iPad 2 will boast mini USB port that helps users to upload movies and files more easily and fastly.

3. Retina Display
Apple introduced the high-resolution Retina Display on iPhone 4 that made it an unique smartphone. It is expected that iPad 2 will also get the high resolution Retina Display.

4. 7-inch Display
Apple is in confusion about the size of screen. Most of the rumors suggest that iPad 2 will have a 7-inch screen, that will make iPad to compete with Samsung Galxy Tab which offers the same size. Some others advocate that iPad 2 will have 10-inch screen to compete with Motorola Xoom which offers 10.1-inch screen.

5. Performance
Apple iPad 2 may get dual core graphics that means SGX543 graphics or A5, which makes this new tablet as the most powerful one in the market.

6. Flash support
Some rumors suggest that Apple may co-operate with Adobe to offer Flash support in iPad 2. Most of the tablets running on Andoid OS have Flash support, which is an essential component for web surfing.

Rumors and speculations have made the Apple iPad 2 as the much awaited gadget of 2011. Like all other gadgets launch, Apple has not announced any specifications about the iPad 2. So, we have to wait to see the new changes made by Steve Jobs on iPad. Stay tuned for more updates.

Source: http://news.oneindia.in/2011/01/30/apple-ipad2-specs-features-launch-review-aid0102.html


Install Windows 7 from USB Drive?

October 9, 2010

To do away with extra weight and to make netbooks/notebooks thinner, manufacturers are coming up with models that do not contain an optical drive. So, what to do if you have one of these and want to reinstall or upgrade your OS? Well how about creating a bootable USB drive! There are two perquisites for this process.

First, you need a 1 GB or more USB drive, and second, you need OS installation files (CD/DVD or .iso image). Start by plugging in the USB drive and then open command prompt (run command prompt as an administrator). Write ‘diskpart’ and hit Enter. This will open a new command prompt window. In this window, type ‘list disk’ and then note down disk number of your USB drive (disk 1). Next, run the following commands in sequence:

select disk 1
clean
create partition primary
select partition 1
active
format fs=ntfs
assign
exit

Once you have assigned a drive letter for your USB drive (i: in this case), open a new window for command prompt. Insert Windows DVD in an optical drive or mount an image of the same in a virtual drive (f:), and run the following commands:

f:
cd boot
bootsect.exe /nt60 i:
exit

Copy all files from Windows installation media (DVD) or image on the USB drive (i:). Now you can use this drive to install Windows on any machine. Simply change the boot sequence of the machine you plan to install Windows 7 on to USB and off you go.

Source: www.ciol.com


The Ayodhya dispute at a glance

September 30, 2010

* The verdict to be delivered in Lucknow today considers a dispute over 2.7 acres of land in Ayodhya.
* The dispute was first taken to court 60 years ago

There are four title suits that ask the court to decide on:

* ownership of the land
* whether there was a temple at the site before 1538
* did the idols of Lord Ram, Sita and Lakshman exist inside the mosque, or were the idols placed inside on 22 December, 1949?


There was communal tension when an idol of Lord Ram was found inside in December 1949, and the government confiscated the site. That is when the lawsuits began.

* The Ramjanmabhoomi Trust holds that this land is the birthplace of Lord Ram
* The Waqf Board holds that the land was site of the 16th century Babri mosque
* In December 1992, thousands of kar sevaks, led by BJP and RSS leaders, demolished the Babri Masjid.

Source- : http://www.ndtv.com/article/india/ayodhya-dispute-key-issues-55994


Ram Janm Bhumi Babri Masjid – Ayodhya Bench

September 30, 2010

Check out the this link for Ram Janm Bhumi Babri Masjid – Ayodhya Bench decision http://www.allahabadhighcourt.in/ayodhyabench.html

Another link: http://rjbm.nic.in/


Aero India 2011

September 9, 2010

  • Online registration for exhibitors starts from 10 June 2010.  Last date of exhibitors registration is 31 Dec.  2010.
  • Click here to register online for your participation in Aero India 2011. After registration you will receive an Email specifying Login details to access Exhibitor Zone.
  • Registered Exhibitors please Click here to Log into Exhibitor zone for booking space.

Source: http://www.aeroindia.in/Default.aspx#


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