All about Digital India Week

July 1, 2015

What is Digital India?

  • With the launch of Digital India programme, the government is taking a big step forward to transform the country into a digitally empowered knowledge economy.
  • PM is expected to unveil various schemes worth over Rs 1 lakh crore like Digital Locker, e-eduction, e-health, e-sign and national scholarship portal.
  • BharatNet in 11 states and Next Generation Network (NGN), are also a part of Digital India campaign.
  • The programme includes projects that aim to ensure that government services are available to citizens electronically and people get benefit of the latest information and communication technology.
  • The Ministry of Communications and IT is the nodal agency to implement the programme.

Apps for Digital India

  • Digital India Portal, MyGov Mobile App, Swachh Bharat Mission App and Aadhaar Mobile Update App.

Vision Of Digital India

  • Digital Infrastructure as a Utility to Every Citizen
  • Governance & Services on Demand
  • Digital Empowerment of Citizens

Pillars Of Digital India

  • Broadband Highways
  • Universal Access to Phones
  • Public Internet Access Programme
  • e-Governance – Reforming government through Technology
  • e-Kranti – Electronic delivery of services
  • Information for All
  • Electronics Manufacturing – Target NET ZERO Imports
  • IT for Jobs
  • Early Harvest Programmes

Impact of Digital India by 2019

  • Broadband in 2.5 lakh villages, universal phone connectivity
  • Net Zero Imports by 2020
  • 400,000 Public Internet Access Points
  • Wi-fi in 2.5 lakh schools, all universities; Public wi-fi hotspots for citizens
  • Digital Inclusion: 1.7 Cr trained for IT, Telecom and Electronics Jobs
  • Job creation: Direct 1.7 Cr. and Indirect at least 8.5 Cr.
  • e-Governance & eServices: Across government
  • India to be leader in IT use in services – health, education, banking
  • Digitally empowered citizens – public cloud, internet access

Benefits of Digital Locker

  • Digital Locker facility will help citizens to digitally store their important documents like PAN card, passport, mark sheets and degree certificates.
  • Digital Locker will provide secure access to Government issued documents. It uses authenticity services provided by Aadhaar.
  • It is aimed at eliminating the use of physical documents and enables sharing of verified electronic documents across government agencies.
  • Digital Locker provides a dedicated personal storage space in the cloud to citizens, linked to citizens Aadhaar number.
  • Digital Locker will reduce the administrative overhead of government departments and agencies created due to paper work.
  • It will also make it easy for the residents to receive services by saving time and effort as their documents will now be available anytime, anywhere and can be shared electronically.
  • To sign-up for your Digital Locker, one need your Aadhaar number and a Mobile number that is linked to that Aadhaar Number.

What is National Optical Fibre Network (NOFN)?

  • NOFN proposes seven lakh kilometers of optical fibre to be laid to connect 250 gram panchayats in three years.
  • Public Wi-fi spots will be provided around the clusters after that and all villages will be provided with internet connectivity.

Source: http://www.oneindia.com/feature/what-is-digital-india-programme-explained-1792279.html

According to Communications and Information Technology Minister Ravi Shankar Prasad, “ten states including Maharashtra, Madhya Prasad, Rajasthan, West Bengal, Haryana and Chhattisgarh, are ready to roll out the NOFN to facilitate Digital India.

Read more at: http://www.oneindia.com/feature/what-is-digital-india-programme-explained-1792279.html


Top five things which should never be shared on Facebook

September 3, 2013

The social media has become an integral part of everyday life but users need to be aware of what and how much they share on sites like Facebook which might be used by malicious hackers.

Those users who use the name of their pets as password for their social media account should try and avoid revealing it online and a recent research by Google indicated that 1 in 6 people use their pet’s name as password.

Another of such social media shares which make a strict no-no is one’s mother’s maiden name, which is a security question asked by a bank and users who have their family added in their social media account should keep their privacy settings high in order to avoid any hacking, metro.co.uk reports.

Apart from mother’s maiden name, security question related to first school attended can also be used as a potential tool for hacking into one’s account.

The report said that revealing one’s birth date is equally sensitive to be put online and if someone wants to reveal, they shouldn’t mention the year.

Source: DNAIndia


Top 10 stocks to buy in uncertain times

September 3, 2013

Top 10 stocks to buy in uncertain times

  1. L&T: The stock is trading at decade low valuation.
  2. HDFC Bank: Consistency will lead to premium valuation.
  3. Reliance Industries: Myopic market is ignoring long-term value.
  4. Coal India: High risk reward with low risk.
  5. M&M: Rural consumption will lead to re-rating.
  6. Ranbaxy: Top Pharma pick with target of Rs. 675.
  7. BPCL: Upstream investment value equals its entire stock price.
  8. Prestige Estates: Rental income to lead to 100 per cent upside in 3-year.
  9. Eicher Motors: Company well positioned for strong growth. Royal Enfield will cruise along for high growth.
  10. Gujarat Pipavav Port: Recovery in container volume will lead to growth.

 

Source : NDTV Profit


Business Tips

April 2, 2013

1. Here’s a sales mantra. Find out whom your would-be clients hate. That knowledge can help you push them towards your deal, particularly if they are sitting on the fence ready to teeter off to one side or the other.

2. One of the best sales techniques is to ask when can you meet the client and how soon – and then show up.

3. Suggest the same idea to two different key executives in the same company. If you can get them to agree separately that the idea is sound then, when you put them together, a sale is probably going to be the result.

4. Sales presentation made to a large group of people is a different ball game. If you try to sell to more than one person at the same time, you are introducing into the sale the dynamics of their inter-relationships, which can do nothing but detract from your purpose.

5. People in business want to do business with winners. It helps to make your present customers aware of either your own or your company’s big wins in the past. Out-and-out bragging is not a very good idea, but it can be done subtly in a million other ways.

6. Here’s a negotiation tip. The point of negotiation is to reach an agreement that is mutually advantageous to both parties. To make it a contest of egos can only work against you.

7. Acknowledge the other party’s feelings. This is the oldest psychological technique in the world and works just as well in negotiations as it does in any other form of human relations.

8. The pressure to get a deal done can make you say and do things that aren’t in your best interest. If the other party knows you have a deadline, they really don’t need to know anything else.

9. Time itself – or the passing of it – can also be one of your most valuable negotiating allies. Anxiety and desire to get a deal done breed hyper-kinetic behaviour. There is a natural tendency to speed up the negotiation process rather than to slow it down.  Force yourself to resist this urge, and take advantage of it in others.

10. Positioning is the key to a successful product. Always associate your product with positive values – positive home values, positive environment values, or positive values of excellence. Inevitably, these produce positive results.

11. Learn to master what is a conducive sales atmosphere. Just as there is a right time to make a sale there is usually a right place for it as well.

12. A chance encounter at a non-business locale can also present an opportunity. For example, running into a business associate at a beach or tennis club. You can bring up business topics, and follow them up later at office.

13. Never forget this sales mantra: It is so much easier to sell someone what they want to buy than it is to convince them to buy what you are selling.

14. If you are keen on a sales pitch, find out who does the buying. Every company has its system, procedures, and pecking order for making decisions. You should know these, if you want to win a bid.

15. If Edison had gone to business school, we would all be reading by larger candles. So, often business demands innovation, unconventional thinking.

16. Listen aggressively. Keep pausing. A slightly uncomfortable silence will make people say even more. Try it.

17. Talk less. That way you will learn more, hear more, see more and make fewer blunders.

18. Observe aggressively and learn to use it to advantage. You don’t need to read a book on body language to interpret certain gestures.

19. Business situations always come down to people situations. And the sooner you know about the person you are dealing with, the more effective you are going to be.

20. Observation can yield rich results. Remember that people communicate with their eyes in business situations when they can’t use words.

21. Mull over this, and master the principle. Business is a constant process of keeping your own guard up, while encouraging others to lower theirs.

22. Go with first impressions, but only after carefully scrutinizing them.

23. If you are about to make a presentation/phone call, take a moment to think about what, what reaction you want. It may yield good results.

24. Be detached. If you force yourself to step back from any biz situation, particularly one that is heating up, your powers of observation will increase.

Source: Business Today


All about settling your final salary before leaving a job

March 13, 2013

The procedure for ‘full and final settlement‘ is often fairly simple and as per the appointment contract. Usually, the following components are used to decide the final settlement sum:

  1. Unpaid Salary (including annual benefits such as leave travel allowance) and arrears, which is calculated as the number of days for which salary is to be paid multiplied by the gross salary divided by 26 (paid days in a month)
  2. Unpaid bonus
  3. Payment for non-availed leaves (earned or privilege leave), which is calculated as the number of days of non-availed leave multiplied by basic salary divided by 26

 Apart from the usual components the following might be applicable:

  1. Gratuity, if four years and 240 days have been completed
  2. Pension, as long as the employee has completed at least 6 months of service with the existing employer and 10 years of ‘pensionable service’ on providing a Scheme Certificate after retirement (58 years) age

Deductions include profession tax (if applicable), provident fund, income tax and compensation for notice period not served. Gratuity and cashed earned leave are exempt from tax deducted at source (TDS). All other payments attract TDS under Section 192 of the Income Tax Act.

As far as the period for settlement is concerned, going strictly by the rules, the final settlement needs to happen on an employee’s last working day at the organisation. However, as clearances take time, it is prevalent policy to do so within 30-45 days after the employee has left. For gratuity, the stipulation is 30 days after leaving the company, while bonuses must be paid within the specified accounting year.

A common point of contention is the notice period. Even so, it is clear according to the law. Whichever party does not live up to the commitments in the contract will have to compensate the other.

In case of a mass termination, permission has to be sought from the government or the appropriate authority (as specified in the Industrial Disputes Act) specifying the reason for termination. There are also clauses that require employees be given sufficient notice or compensation as per designation and nature of industry.

There are also a few things that an employee must do to ensure there are no complications in the process or later on. Make sure to settle any advances taken or get it adjusted in the final settlement.

Further, get a copy of all the various clearances required from the different departments of the organisation that the employee was attached to by virtue of his responsibilities. This will also ensure that there will be no complications when you join another organisation.

Source: Business Today


Tips to build a good mutual fund portfolio

March 13, 2013

Investing requires discipline, even if you regularly put money in mutual funds. Since mutual funds are run by professionals, these are considered good for those who do not have the time and knowledge to invest in shares and bonds. However, building a good mutual fund portfolio requires planning.

Though the ideal portfolio depends upon the person’s risk-taking ability and age, investors must keep some broad points in mind while deciding which funds they should invest in.

A mutual fund portfolio should ideally be divided into two parts – core, for stability and predictability; and satellite, for investments that have a lot of potential but are risky.

IN THE CORE

The core, as the name suggests, is at the backbone and must comprise 70-90 per cent of the portfolio. Its aim is giving stability and decent returns.

Globally, index funds or passively-managed funds are the first choice for the core. An index fund replicates a benchmark index both in portfolio composition and returns. The fund manager does not have any say in stock selection, which eliminates the risk of wrong judgement. The fund management costs, too, are low. Because they invest in multiple stocks, index funds are well-diversified.

“Considering that in India actively-managed funds have outperformed passive funds, which is contrary to global trends, the core should ideally be built around a combination of index and large-cap funds that have a good track record and stable fund management teams,” says Vishal Dhawan, founder and chief financial planner, Plan Ahead Wealth Advisors.

“Ideally, the core portfolio should have a combination of accrual-based funds which follow the hold-to-maturity strategy. These could range from FMPs (fixed maturity plans) of different maturities to short- and medium-term funds with hold-to-maturity strategy,” says Vishal Dhawan.

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SATELLITE PORTFOLIO

The core gives stability while the satellite part of the portfolio is for earning above-market returns. The latter’s objective is to generate high returns through aggressive products such as mid- and small-cap funds, sector funds, thematic funds and international funds.

Duration-based debt funds, which take active interest-rate bets, can also be a part of the satellite portfolio. These do not follow the hold-to-maturity strategy and instead try to profit from capital appreciation. Such funds invest in gilt funds, income funds and floating rate funds.

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REBALANCING PORTFOLIO

Periodic rebalancing (between equity and debt) of the portfolio is as important as creating a good portfolio. This helps investors keep up with the changing market conditions. We discuss different approaches for doing so.

Fixed ratio approach:
In this, you keep exposure to equity and debt at a certain ratio based on your age and risk-taking ability. If this changes significantly due to conditions in equity and debt markets, you shuffle the investments to the pre-determined ratio.

As an example, imagine a portfolio of Rs 10 lakh with 70:30 equitydebt ratio, that is, the equity portfolio is valued at Rs 7 lakh and the debt at Rs 3 lakh. After a year, suppose the equity portfolio rises by 12 per cent to Rs 7.84 lakh while the value of debt goes up by 7 per cent to Rs 3.21 lakh. Clearly, the ideal ratio (70:30) has been altered. It can be balanced by selling stocks worth Rs 10,500 and investing the money in debt.

Variable ratio approach:
Under this, if the value of the stock portfolio changes significantly, the equitydebt ratio shifts to a new predetermined ratio. If the equity-debt ratio was 1:1 at the beginning, and the equity portfolio rises by more than 10 per cent, you can sell a part of your equity holdings and invest it in debt to bring the ratio to, say, 4:6.

Suppose your portfolio of Rs 20 lakh is perfectly balanced between equity and debt. Now, after some time, the equity portfolio rises to Rs 11 lakh and the debt portfolio to Rs 10.6 lakh. If you now want to bring the equity-debt ratio to 4:6, you can sell stocks worth Rs 2.36 lakh and invest the proceeds in debt.

Constant rupee value approach:
Under this, you keep the value of the stock portfolio constant, investing any appreciation in value in debt, or vice versa.

For example, if your equity portfolio is valued at Rs 10 lakh and it rises 10 per cent to Rs 11 lakh, you sell shares worth Rs 1 lakh and invest the money in debt. Similarly, if the portfolio value falls to Rs 9 lakh, you sell Rs 1 lakh worth of debt and invest in equities to keep the value of the stock portfolio at Rs 10 lakh.

Source: Business Today


INS Chakra: Top 10 must-know facts

April 5, 2012

1) INS Chakra is a Russia-made, nuclear-propelled, hunter-killer submarine. Unlike conventional submarines that India operates which need to surface to charge its battery’s often – sometimes as frequently as 24 hours – INS Chakra can stay under as long as it wants. Its ability to stay underwater is restrained only by human endurance to stay underwater. Also, another problem that the submarine could face is acidity. This is because of a lack of exercise inside due to prolonged deployments.

2) The Akula Class submarine will carry conventional weapons. The vessel is armed with four 533mm torpedo tubes and four 650mm torpedo tubes. It will be used to hunt and kill enemy ships.

3) The INS Chakra displaces about 10,000 tons. It can do over 30 knots – more than twice the speed of conventional submarines. It can go upto a depth of 600 metres.

4) INS Chakra is one of the quietest nuclear submarines around, with noise levels next to zero.

5) It has about 80 crew members on board. The entire crew of INS Chakra has been trained in Russia for over a year. Facilities for the crew on board INS Chakra include a large recreation area, a gymnasium and a sauna as well.

6) INS Chakra has been taken on lease from Russia for 10 years and would provide the Navy the opportunity to train personnel and operate such nuclear-powered vessels. In 2004, India had signed a deal with Russia worth over $900 million for leasing the submarine. INS Chakra was expected to be inducted into Indian Navy a couple of years ago, but after an on-board accident in 2008, in which several Russian sailors died, the delivery schedule was changed.

7) INS Chakra formally joined the Indian Navy on Wednesday.  It was commissioned by Defence Minister AK Antony at the Ship Building Complex in Visakhapatnam in Andhra Pradesh. “INS Chakra will ensure security and sovereignty of the country,” the minister has said. When asked if INS Chakra’s induction will lead to arms race in the region, Defence Minister AK Antony told reporters, “India does not believe in arms race. We are not a confrontationist nation. We are a peaceloving nation….but, at the same time, the armed forces will be strengthened to meet any challenge.”

8) The induction of the nuclear-powered submarine clearly indicates India’s intentions in the Indian Ocean Region and South East Asia which has recently seen increasing assertive Chinese presence in the last few months. It will also a send a strong reassuring message to south east Asian nations like Indonesia, Vietnam and Malaysia who want India to play a more active role in the region to counter the assertiveness of China in the area.

9) The induction of the INS Chakra is likely to be followed by the induction of the indigenous INS Arihant, which will be capable of launching nuclear weapons and therefore complete the nuclear triad. INS Arihant, it is understood, is now undergoing sea trails at Vizag.

10) The only other nations possessing nuclear-powered submarines are – US, Russia, UK, France and China. India is back in this elite club after over a decade. In 1988, the Indian Navy had leased a Charlie Class nuclear-powered submarine for three years till 1991. However, the expertise gathered then was lost as most officers who had trained to operate nuclear submarines have retired.

Source: http://www.ndtv.com/article/india/ins-chakra-top-10-must-know-facts-194179?pfrom=home-otherstories


Google’s new privacy policy

March 1, 2012

Q: How will Google’s privacy changes affect users?

A: Google Inc. is combining more than 60 different privacy policies so it will be able to throw all the data it gathers about each of its logged-in users into personal dossiers. The information Google learns about you while you enter requests into its search engine can be culled to suggest videos to watch when you visit the company’s YouTube site.

Users who write a memo on Google’s online word processing program, Docs, might be alerted to the misspelling of the name of a friend or co-worker a user has communicated with on Google’s Gmail. The new policy pools information from all Google-operated services, empowering the company to connect the dots from one service to the next.

Q: Why is Google making these changes?

A: The company, based in Mountain View, Calif., says it is striving for a “beautifully simple, intuitive user experience across Google.” What Google hasn’t spent much time talking about is how being able to draw more revealing profiles about its users will help sell advertising — the main source of its $38 billion in annual revenue.

One reason Google has become such a big advertising network: Its search engine analyzes requests to figure out which people are more likely to be interested in marketing pitches about specific products and services. Targeting the ads to the right audience is crucial because in many cases, Google only gets paid when someone clicks on an ad link. And, of course, advertisers tend to spend more money if Google is bringing them more customers.

Q: Is there a way to prevent Google from combining the personal data it collects from all its services?

A: No, not if you’re a registered user of Gmail, Google Plus, YouTube, or other Google products. But you can minimize the data Google gathers. For starters, make sure you aren’t logged into one of Google’s services when you’re using Google’s search engine, watching a YouTube video or perusing pictures on Picasa. You can get a broad overview of what Google knows about you at http://www.google.com/dashboard , where a Google account login is required. Google also offers the option to delete users’ history of search activity.

It’s important to keep in mind that Google can still track you even when you’re not logged in to one of its services. But the information isn’t quite as revealing because Google doesn’t track you by name, only through a numeric Internet address attached to your computer or an alphanumeric string attached to your Web browser.

Q: Are all Google services covered by the privacy policy?

A: No, a few products, such as Google’s Chrome Web browser and mobile payment processor Wallet, will still be governed by separate privacy policies.

Q: Is Google’s new privacy policy legal?

A: The company has no doubt about it. That’s why it’s repeatedly rebuffed pleas to delay the changes since announcing the planned revisions five weeks ago. But privacy activists and even some legal authorities have several concerns.

The Electronic Privacy Information Center, a privacy rights group, sued the FTC in a federal court in an effort to force the FTC to exercise its powers and block Google’s privacy changes. A federal judge ruled the courts didn’t have the authority to tell the FTC how to regulate Google. The FTC says it is always looking for evidence that one of its consent orders has been violated.

Earlier this week, the French regulatory agency CNIL warned Google CEO Larry Page that the new policy appears to violate the European Union’s strict data-protection rules. Last week, 36 attorneys general in the U.S. and its territories derided the new policy as an “invasion of privacy” in a letter to Page.

One of the major gripes is that registered Google users aren’t being given an option to consent to, or reject, the changes, given that they developed their dependence on the services under different rules. In particular, people who bought smartphones running on Google’s Android software, and signed two-year contracts to use the devices, may have a tough time avoiding the new privacy policy. They could switch to non-Google services, but those typically don’t work as well on Android software. Or they could buy a different smartphone and pay an early-termination penalty.

Q: What regulatory power do government agencies have to change or amend the privacy changes?

A: The U.S. Federal Trade Commission gained greater oversight over Google’s handling of personal information as part of a settlement reached last year. Google submitted to the agreement after exposing its users email contacts when it launched a now-defunct social networking service called Buzz in 2010. The consent order requires Google’s handling of personal information to be audited every other year and forbids misleading or deceptive privacy changes.

Google met with the FTC before announcing the privacy changes. Neither the company nor the FTC has disclosed whether Google satisfied regulators that the revisions comply with the consent order.

 Reference: http://profit.ndtv.com/News/Article/faqs-all-you-should-know-about-google-s-new-privacy-policy-298822?pfrom=home-topstories

 


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/