Krittivas's Feed
Dec 1, 2010

India ratifies key spending bill amid corruption row

NEW DELHI (Reuters) – India’s ruling coalition forced a key spending bill through parliament, which remained deadlocked Wednesday over demands by the opposition for a probe into one of several graft scandals to hit the government.

The bill was passed by a voice vote, a procedure that allowed the government to get around a three-week stalemate between the ruling Congress party-led coalition and opposition parties.

Nov 30, 2010

Key political risks to watch in India

NEW DELHI (Reuters) – The government is bogged down trying to defend itself in a slew of corruption scandals that has deadlocked parliament, as political firefighting saps the coalition government’s ability to enact financial reforms.

Here is a summary of political risks to watch in India:

FALLOUT OF CORRUPTION SCANDALS

The opposition has forced parliament to shut for around two weeks, demanding a joint probe into an alleged telecoms scandal that may have cost India $39 billion in potential revenue loss. A separate bribes-for-loans scandal which has the potential to disturb India’s banking sector is also unfolding.

Nov 29, 2010

India probes 21 cos in bribes-for-loans scandal

NEW DELHI, Nov 26 (Reuters) – India’s federal investigator
is probing 21 sizeable companies for links to a
bribes-for-loans scandal that has hit lending and
infrastructure shares and rocked the country’s image as an
investment destination.

Eight financial executives from the public and private
sectors have been arrested in the scandal, one of several to
dog the government of Prime Minister Manmohan Singh and test
India’s ability to crack down on corruption.

Nov 26, 2010

21 companies probed in bribes-for-loans scandal

NEW DELHI (Reuters) – India’s federal investigator said on Friday it was probing 21 companies for possible links to a bribes-for-loans scandal that has hit bank shares and hurt the country’s image as an investment destination.

The scandal, in which eight financial executives have so far been arrested, is one of several to dog the government of Prime Minister Manmohan Singh, putting to the test the ability of one of the world’s fastest growing emerging economies to crack down on corruption.

Nov 26, 2010

India probes 21 companies in bribes-for-loans scandal

NEW DELHI (Reuters) – India’s federal investigator said on Friday it was probing 21 companies for possible links to a bribes-for-loans scandal that has hit bank shares and hurt the country’s image as an investment destination.

The scandal, in which eight financial executives have so far been arrested, is one of several to dog the government of Prime Minister Manmohan Singh, putting to the test the ability of one of the world’s fastest growing emerging economies to crack down on corruption.

Nov 23, 2010

Graft row threatens PM legacy, exposes weakness

NEW DELHI (Reuters) – A widening corruption scandal has exposed Prime Minister Manmohan Singh as an honest but ineffectual leader whose failure to dominate has underlined India’s weak political system, hampering strong policymaking.

In the rough and tumble of Indian politics, Singh has struggled to find his way, his office undermined by a complex leadership structure with his Congress party boss Sonia Gandhi at the top, and the compulsions of coalition politics.

Nov 23, 2010

Analysis – Graft row threatens India PM legacy, exposes weakness

NEW DELHI (Reuters) – A widening corruption scandal has exposed Prime Minister Manmohan Singh as an honest but ineffectual leader whose failure to dominate has underlined India’s weak political system, hampering strong policymaking.

In the rough and tumble of Indian politics, Singh has struggled to find his way, his office undermined by a complex leadership structure with his Congress party boss Sonia Gandhi at the top, and the compulsions of coalition politics.

Nov 22, 2010

Fallout from parliament deadlock

NEW DELHI (Reuters) – The government and opposition parties failed on Monday to break a deadlock in parliament over a widening corruption scandal that has prevented economic reforms from being approved.

The opposition has halted parliament sessions since Nov. 9 over demands for a joint parliamentary investigation into the sale of telecoms licences and spectrums in 2007-2008 in the world’s fastest growing mobile phone market.

Nov 22, 2010

Possible ramifications of parliament deadlock

NEW DELHI (Reuters) – The government and the opposition parties failed on Monday to break a deadlock in parliament over a widening corruption scandal that has prevented economic reforms from being approved.

The opposition has halted parliament sessions since Nov. 9 over demands for a joint parliamentary investigation into the sale of telecoms licences and spectrums in 2007-2008 in the world’s fastest growing mobile phone market.

Nov 22, 2010

Snap analysis – Fallout from India parliament deadlock

NEW DELHI (Reuters) – India’s government and opposition parties failed on Monday to break a deadlock in parliament over a widening corruption scandal that has prevented economic reforms from being approved.

The opposition has halted parliament sessions since November 9 over demands for a joint parliamentary investigation into the sale of telecoms licences and spectrums in 2007-2008 in the world’s fastest growing mobile phone market.