Industry chamber observes UN anti-graft day
December 13th, 2010 - 8:33 pm ICT by IANSNew Delhi, Dec 13 (IANS) American Chamber of Commerce in India (Amcham) observed the UN global anti-corruption day Monday to create awareness on business ethics and integrity issues.”Radical changes without accompanying enforcement mechanisms will do little to change the situation. In addition, it is critical that private industry comes together and adheres to a strict code of conduct and insists on ethical corporate behaviour by its members,” a statement said.
India’s rank on Transparency International’s Corruption Perception Index (CPI) is 87 out of 178 countries surveyed this year, indicating a serious corruption problem. It is an indication that the country continues to be perceived as corrupt, like in the past.
The corporate sector needs to create awareness of the economic cost of corruption and the steep price paid by the country as a whole, US embassy representative Andrea Susana M. Donnally said.
India has been rocked by a series of scandals with allegations against state and central ministers.
The 23-day-long winter session of parliament could not function on any day other than the inaugural day Nov 9 due to opposition protests over the demand for a joint parliamentary committee probe into the 2G spectrum scandal, which according to the report by the Comptroller and Auditor General (CAG), caused huge notional losses to the public exchequer.
- CPI-ML attacks Nitish government on corruption - Apr 08, 2011
- CAG dismisses coal scam report, says no loss to exchequer (Roundup) - Mar 22, 2012
- Congress to take Chhattisgarh's coal mining expose to public - Apr 16, 2012
- Government committed to strengthening CAG, asserts PM (Lead) - Nov 16, 2010
- Wide-ranging inquiry by PAC not required: JPC chief - Mar 15, 2011
- CAG's performance not up to the mark: Moily - Sep 13, 2010
- CAG not exceeding its limitations, says Pranab - Oct 19, 2011
- CAG disowns coal blocks report, says no loss to exchequer - Mar 22, 2012
- Timeline of 2G spectrum case - May 20, 2011
- Book the guilty in 2G spectrum scam: Ratan Tata - Nov 27, 2010
- Opposition unites to corner government on alleged coal scam (Lead) - Mar 22, 2012
- CAG briefs JPC on 2G loss figures, but questions remain (Second Lead) - May 30, 2011
- Anti-graft crusade is like bursting of pressure cooker: CEC - Apr 09, 2011
- Left attacks UPA coal scam - Mar 22, 2012
- CBI arrests A. Raja (Timeline) - Feb 02, 2011
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