This has been happening since independence, common people didn't knew much. But with Radia tape leaks, many became aware of such crony capitalism for the first time. Its common to use influence and money to manipulate govt policy to benefit one's company. It happens from local level to highest level. Its issue of 'culture', that encourages wealth accumulation which is considered 'real success'. At local level, just see example of local businesses who influence municipal authorities to national level, big industrialists influencing central govt. It dominates whole corporate landscape. No one doing business in India can escape this. Politicians need money for their elections,parties,families, Bureaucrats want promotion, extension, favorite postings, and business people want to maximize profits. So this nexus flourishes.
By
Abhijit Anand Prabhudan, Admin/Facilities Manager, Ca*****
| 12 26 2010 14:30:33 +0000
when i was in my child hood my grand father said india is developing country, In my 15 years of age my teacher said india is developing country and now the 21st century now also india is developing country. in the recent days the corporate scams are day by day increasing in india, if we face these type of corporate scams how can the india will develop. when we will reach developed india???
By
vasudevarao , Shipping Executive, M/s.kaanha shipping Pvt. Ltd.,
| 12 14 2010 13:28:17 +0000
An ineffective government helps breed corruption. It can be compared to Drainage. The more foul smell it emanates, the more it becomes the breeding ground for all diseases. In this case, more it is ineffective, the more is corruption, misappropriation and mishandling of sensitive issues. We are being run by a government that is lying with a paralytic stroke. It can't move or do anything.
By
Suryanarayan Murthy, Asst Vice President (Corporate Finance), A Hydro Power Project
| 12 13 2010 02:03:41 +0000
Anyone is free to do whatever he or she wants to. The Problem is that people who should be Uncovered through the Legal System are Covered or Protected by the System, for their Personal Gains. In a Society in which the Education System does not give Importance to Morals and Ethics, and produces people who feel that whatever they have Studied or have got Degrees by Hook or By Crook have the Permit to exploit the Society. With such kind of Mindset, people like Tata cannot do Justice to their Organisation, as they have to Survive or Compete with the Reliances who have No Ethics, and feel whatever their Predessor has done is the correct way and is to be followed. The System also supports this kind of Working. The government has implimented the two Operator Norm for Mobile Telephony, which was OverRidden by Reliance for the CDMA backdoor entry to Telecom Business. Today, the Reliacne name is not figuring in the Scam, and Tata, who I feel is a Honest Industrialist, has been dragged into Controversy, just to make Confuse the Public Mind, who would beleive that a Person of Tata Stature is also involved in Scam and the Real Culprits, would not be coming in Focus as the Debate on Tata's Involvement would go on and on.
By
Dinesh J Mangal, Franchisee, Vodafone
| 12 12 2010 05:52:04 +0000
We are throttled by beurocrats and politicians. Both are busy in amassing money by hook or crook and least bother about the public who virtually empower them. Both are busy developing and engaging 'Mastans' as zamindars in the past used to engage 'lathials' to protect their own interest and beat and murder those who raise their voice against them.--Dr.S.N.Ghosal
By
souren , DIRECTOR NICCO FINANCIAL SERVICES LTD.,, Microfinance Focus Magazine
| 12 11 2010 12:18:51 +0000
Forget India Nisha this tradition prevails in the whole world whether it’s a democratic nation, communist or any other. This is going to happen and each and every region of this world is driven like this. People just say democracy but no-one enjoys complete freedom. What happened to Jullian Assange until now no-one bothered what he did and what were the ways he did, but now he got stuck by such a silly case of not having safe sex. What does that shows…….They are going to use laws for their convenience and they will in future……..and future never ends.
By
Neerav Galathia, Sales Engineer, Aerzen Machines (India) Pvt. Ltd.
| 12 11 2010 05:47:40 +0000
disha you are very correct nexus of these corrupt people are dangerous for our society as you know the conversation between corporate lobbyist told us that all of them have nexus between them.
By
sushanttomar , Relationship manager at india bulss
| 12 10 2010 17:41:01 +0000
|
No. corruption is bound to be there as long as we tolerate such politicians,bureaucrats and immoral people weild power. nevertheless we have travelled this far because there are and will always be, creative people who dare to defy the nexus and do things on their own.
By
Biplov Kumar Ghosh, Senior Manager-Region, State Bank Of India
| 12 12 2010 14:32:05 +0000
The nexus is every where. Be it between politicians, bureaucrats or corporates. It only matters when some one is caught and things get exposed. Even though media understands it, it works only when it achieves something out of it. How many times the cartel formed by big corporates are bandished by our law? How many times media exposes a story that does not affect big corporates and really relates to common man? So the culprit is not the corporate world, but our believe in the system.
By
Sambit , Project Manager, Azurepower India
| 12 11 2010 10:36:50 +0000
|