Corporation Bank Ltd announced dated 14 june 2018 capital infusion of rupees 20000 crore (rupees twenty thousand crore) by the government RBI for year 2017-18.
expect to get a puppet President, a puppet VP, a puppet CEC, a puppet CJI, puppet Governors..... !
Narendra Modi, who has been the most corrupt politician in India for quite some time now, relied merely on the gullibility of most north Indian commoners to build up his cloak of being an anti corruption crusader.
What he actually did when he thought no one was looking :
1. Sat on the Lok Pal bill (passed by Parliament in 2013) and prevented it from being implemented
2. Oversaw the murders of 64 persons who became whistleblowers on big corruption with none of the accused being prosecuted under the Whistleblowers Protection Act passed by Parliament in 2014 May
3. Shepherded the systematic dilution of the provisions of the RTI act with tactics such as refusal to reply to an ever larger number of queries and huge understaffing of the RTI department of the Central govt
4. Spent a world record amount of Rs. 12000 crores plus in campaign expenses for a political party (BJP) in a single election (2014 LS election)
5. Transferred the 3 ED officers who dared to file an FIR and a case against Gautam Adani for laundering Rs. 5468 crores by round-tripping his corporate profits from Mauritius using the P note FDI investment route. The officers had still more than a year each left in their tenure in the ED office in Ahmedabad and no cabinet note accompanied their pre-term transfer (as mandated by the CAT). The case filed against Adani has so far seen 24 adjournments !
Re: When a big time thief becomes PM,
by piri on May 20, 2018 12:40 PM
6. Resolutely opposed the appointment of a Lok Ayukta in Gujarat for 12 years during his tenure as CM
7. Gave away hundreds of hectares of revenue land to Gautam Adani in Mundra at a price of Rs. 16/- per sq metre when the neighbouring plots of land were given to war widows at the subsidized price of Rs. 260/- per sq metre ! (And in turn, Gautam Adani sub-let these very plots of land to PSUs such as Indian Oil Corp for lease amounts as high as Rs. 700/- per sq metre) !
8. Oversaw the emaciation and laying to waste of the previously profitable GSPC (Gujarat State Petroleum Corporation) with its debt mounting to Rs. 19000 crores (more than double the amount stolen by Vijay Mallya, the fugitive).
The GSPC became a sacrificial public resource in the hands of the BJP govt of Gujarat in order to fatten up the rapacious Mukesh Ambani led Reliance group
9. Oversaw the ascent of Gujarat from rank 10th in 2001 to rank 2nd in 2014 in terms of pollution !
(Thousands of industrial units were given consent by the Gujarat pollution control board under the air and water acts without even the basic wherewithal to prevent soil, water and air pollution, so much so that the CAG was forced to observe in its 2011 report that even the sea around Mundra and Jamnagar had become black)!
10. Under his watch the BJP continues to break record after record in election campaign and media expenditure for state assembly as well as even local body elections
Re: Re: When a big time thief becomes PM,
by piri on May 20, 2018 12:41 PM
11. And the one that takes the cake !
Withdrew from the deal Dassault was in the final stages of making with the Public sector HAL to manufacture the Rafale fighter aircraft in India with Transfer of Technology for Rs. 84000 crores (for 126 aircraft) and by his own governments admission, agreed to pay Rs 54000 crores for a mere 36 Rafales without transfer of technology for hiring his crony capitalist friend - Anil Ambanis RDL instead of HAL !
The defence ministry, in the aftermath of the Modis deal with Dassault for outright purchase of 36 Rafales, had announced that the deal was for Rs. 54000 crores. But when the details of the deal (such as the dropping of the TOT element) began to tumble out, journalists as well as legislators queried the defence ministry for the complete details of the deal. In response, Nirmala Sitharaman announced that the details would be soon be made public.
However, she reneged on that promise and made an U turn in parliament to state that details of the price for the Rafale fighter cannot be made public due to reasons of security !
Perhaps she realized that such security matters are vitally important as an after thought !
Re: When a big time thief becomes PM,
by Raja Krsnan on May 22, 2018 08:49 AM | Hide message
cry cry cry... as much as you want. people will deliver their verdict in 2019. have patience till then.
people prefer to deal with one than a bunch of 100 corrupts who join hands to cheat people.
No doubt, its an in depth study. Yet think beyond internal controls or inadequacy of it. Bank's Annual Report to shareholders invariably dwells upon series corporate Governance issues. Further its not a release of funds on its own, but Authorising another to fund someone.
What happens to inter bank reconciliation or confirmation of Debts/Credits at periodic intervals ? Its actually an erroneous accumulation over few years. As such its a collective failure involving number of Banks.
Strengthening control mechanisms is certainly a continuous process. Only by close monitoring thru Reporting and Audit failure and lapses can be unearthed and seriously addressed.
Controlling interest with Govt per se is not the fault. Yet the work culture of PSUs is ! Laissezfaire Management, Poor accountability across the staff levels, Totally discourteous attitude and more do contribute substantially on results and failures.
No doubt, its an in depth study. Yet think beyond internal controls or inadequacy of it. Bank's Annual Report to shareholders invariably dwells upon series corporate Governance issues. Further its not a release of funds on its own, but Authorising another to fund someone.
What happens to inter bank reconciliation or confirmation of Debts/Credits at periodic intervals ? Its actually an erroneous accumulation over few years. As such its a collective failure involving number of Banks.
Strengthening control mechanisms is certainly a continuous process. Only by close monitoring thru Reporting and Audit failure and lapses can be unearthed and seriously addressed.
Controlling interest with Govt per se is not the fault. Yet the work culture of PSUs is ! Laissezfaire Management, Poor accountability across the staff levels, Totally discourteous attitude and more do contribute substantially on results and failures.
No doubt, its an in depth study. Yet think beyond internal controls or inadequacy of it. Bank's Annual Report to shareholders invariably dwells upon series corporate Governance issues. Further its not a release of funds on its own, but Authorising another to fund someone.
What happens to inter bank reconciliation or confirmation of Debts/Credits at periodic intervals ? Its actually an erroneous accumulation over few years. As such its a collective failure involving number of Banks.
Strengthening control mechanisms is certainly a continuous process. Only by close monitoring thru Reporting and Audit failure and lapses can be unearthed and seriously addressed.
Controlling interest with Govt per se is not the fault. Yet the work culture of PSUs is ! Laissezfaire Management, Poor accountability across the staff levels, Totally discourteous attitude and more do contribute substantially on results and failures.
No doubt, its an in depth study. Yet think beyond internal controls or inadequacy of it. Bank's Annual Report to shareholders invariably dwells upon series corporate Governance issues. Further its not a release of funds on its own, but Authorising another to fund someone.
What happens to inter bank reconciliation or confirmation of Debts/Credits at periodic intervals ? Its actually an erroneous accumulation over few years. As such its a collective failure involving number of Banks.
Strengthening control mechanisms is certainly a continuous process. Only by close monitoring thru Reporting and Audit failure and lapses can be unearthed and seriously addressed.
Controlling interest with Govt per se is not the fault. Yet the work culture of PSUs is ! Laissezfaire Management, Poor accountability across the staff levels, Totally discourteous attitude and more do contribute substantially on results and failures.
No doubt, its an in depth study. Yet think beyond internal controls or inadequacy of it. Bank's Annual Report to shareholders invariably dwells upon series corporate Governance issues. Further its not a release of funds on its own, but Authorising another to fund someone.
What happens to inter bank reconciliation or confirmation of Debts/Credits at periodic intervals ? Its actually an erroneous accumulation over few years. As such its a collective failure involving number of Banks.
Strengthening control mechanisms is certainly a continuous process. Only by close monitoring thru Reporting and Audit failure and lapses can be unearthed and seriously addressed.
Controlling interest with Govt per se is not the fault. Yet the work culture of PSUs is ! Laissezfaire Management, Poor accountability across the staff levels, Totally discourteous attitude and more do contribute substantially on results and failures.
No doubt, its an in depth study. Yet think beyond internal controls or inadequacy of it. Bank's Annual Report to shareholders invariably dwells upon series corporate Governance issues. Further its not a release of funds on its own, but Authorising another to fund someone.
What happens to inter bank reconciliation or confirmation of Debts/Credits at periodic intervals ? Its actually an erroneous accumulation over few years. As such its a collective failure involving number of Banks.
Strengthening control mechanisms is certainly a continuous process. Only by close monitoring thru Reporting and Audit failure and lapses can be unearthed and seriously addressed.
Controlling interest with Govt per se is not the fault. Yet the work culture of PSUs is ! Laissezfaire Management, Poor accountability across the staff levels, Totally discourteous attitude and more do contribute substantially on results and failures.
No doubt, its an in depth study. Yet think beyond internal controls or inadequacy of it. Bank's Annual Report to shareholders invariably dwells upon series corporate Governance issues. Further its not a release of funds on its own, but Authorising another to fund someone.
What happens to inter bank reconciliation or confirmation of Debts/Credits at periodic intervals ? Its actually an erroneous accumulation over few years. As such its a collective failure involving number of Banks.
Strengthening control mechanisms is certainly a continuous process. Only by close monitoring thru Reporting and Audit failure and lapses can be unearthed and seriously addressed.
Controlling interest with Govt per se is not the fault. Yet the work culture of PSUs is ! Laissezfaire Management, Poor accountability across the staff levels, Totally discourteous attitude and more do contribute substantially on results and failures.
