53579705 corruption-in-our-country
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This document summarizes three of the largest corruption scams in India: the 2G spectrum scam, Commonwealth Games scam, and Satyam scam. The 2G spectrum scam involved the former telecom minister illegally allocating mobile spectrum licenses worth $1.76 trillion without auctions. The Commonwealth Games scam in 2010 misused half of the $70 billion budget, defrauding $30 billion. The Satyam scam was India's largest corporate fraud of $1.4 billion conducted by the founder and chairman of Satyam, a major outsourcing company. The document states that corruption makes the rich richer while keeping the poor in poverty, hindering India's development and goal of becoming a superpower. It calls for citizens to
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Corruption in-india-presentation - slides v2
India has witnessed rampant corruption and national plunder, with an estimated $1.456 trillion stashed away in safe havens abroad. Several major scams have robbed India of billions of dollars, including the 2G spectrum scam of $40 billion and Commonwealth Games fraud of $13 billion. If the estimated $1.4 trillion stolen was recovered, it could be used to eliminate poverty, build infrastructure nationwide, and fund social programs to benefit millions of Indians. However, corruption has become entrenched in the political system, undermining democracy and rule of law.
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2) Infrastructure development and economic reforms have supported strong economic growth rates over 8% annually in recent years.
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Indian homeland security faces significant risks from terrorism and insurgencies. Despite spending 0.95% of its GDP on homeland security, India has the second largest homeland security personnel in the world. Key threats include Kashmir insurgency, northeast separatist movements, Maoist insurgencies, and threats to major cities from terrorism. In response, India focuses on border protection, law and order, intelligence gathering, and addressing the root causes of insurgencies. However, more investment is needed to modernize forces and secure critical infrastructure like railways, airports, ports, and urban transit systems. There are also opportunities for private companies in providing security personnel, equipment, and electronic monitoring solutions.
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Corruption ppt copy
Corruption exists at all levels of government and society in India. Politicians and public officials are afforded many perks on top of their salaries, and corruption in India often leads to promotion rather than legal punishment. Corruption flourishes from top to bottom and harms poor citizens the most. Examples of major corruption scandals in India include the 2G spectrum scam, IPL scandal, and Commonwealth Games scandal. The Prevention of Corruption Act of 1988 criminalized offering and accepting bribes for public officials, but more efforts are still needed to curb corruption in India. Youth are called upon to help fight corruption with the slogan "Jaago Re."
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Scams
1) The 2G spectrum scam involved the illegal undercharging of mobile phone companies for licenses. Former Telecom Minister A. Raja favored certain companies in exchange for benefits.
2) Raja resigned after investigations began. The CBI charged Raja and others with fraud and arrested several individuals.
3) The Satyam scandal occurred when its Chairman confessed to falsifying accounts, inflating cash balances and understating liabilities. Tech Mahindra acquired Satyam and the government took steps to support the company.
Satyam Scam
The document discusses the Satyam fraud scandal where the founder confessed to inflating profits and falsifying financial records over several years. It had a significant impact on India's reputation in the IT outsourcing industry and led to losses in the stock market. There are still many unanswered questions around how the fraud occurred, who was complicit, and what the implications will be for Satyam employees and customers.
Presentation1
The document discusses the Satyam fraud scandal where the founder Ramalinga Raju confessed to fraudulently inflating profits and falsifying financial records of Satyam Computers over several years. It had a major impact on India's reputation as an outsourcing destination and caused stock markets to tumble. There are still many unanswered questions around how such a large fraud was not detected, who enabled it and what the consequences will be.
188139 633778860000395000
Ramalinga Raju, founder and former chairman of Satyam Computers, admitted to inflating the IT company's accounts by over $1 billion. He resigned in January 2009 after the massive accounting fraud came to light, in what was considered India's biggest corporate scandal. The government launched an investigation and appointed a new board to stabilize the company and find a buyer, with Tech Mahindra eventually acquiring Satyam to save its over 50,000 jobs. While the scandal severely damaged India's reputation in the global IT industry, the company's takeover marked the end of the Satyam saga.
Corruption in India, public and private affairs
This document discusses various corruption scandals that have occurred in India. It begins with an introduction stating that corruption is a major issue in India according to Transparency International studies. It then summarizes several major corruption scandals in India, including the Indian coal allocation scam, 2G spectrum scam, Commonwealth Games scam, Uttar Pradesh NRHM scam, Satyam scam, Saradha Group financial scandal, IPL scam, the fodder scam, and the Bofors scam. It discusses the impact of corruption on the Indian economy and businesses, citing a KPMG India study. Real estate, telecommunications, and public works are perceived as the most corrupt industries.
Scams
This document summarizes some of the biggest corruption scandals in India, including the 2G spectrum scam, Commonwealth Games scam, Telgi scam, Satyam scam, Bofors scam, fodder scam, Hawala scandal, IPL scam, and stock market scams involving Harshad Mehta and Ketan Parekh that caused significant losses. It discusses how these scams involved high-level corruption and manipulation of funds, resulting in losses of thousands of crores of rupees in each case.
Corruption in india
The document discusses corruption in India. It notes that India ranks 79th on corruption indices and identifies some key causes as excessive regulations, complicated tax systems, and opaque bureaucracy. It also summarizes some major corruption scandals in Indian history, such as the 2G spectrum scam, Commonwealth Games scam, and Satyam scam. The impacts of corruption discussed include economic losses, lack of development, and brain drain. Some steps proposed to curb corruption include increasing transparency, accountability, and public campaigns.
corruption in india
This document discusses corruption in India. It defines corruption as the abuse of public office for private gain. Corruption is highest in India's infrastructure and real estate sectors. India ranks 94th out of 176 countries in Transparency International's Corruption Perception Index. Some of the largest corruption scandals in India include the 2G spectrum scam, 2010 Commonwealth Games scam, and Satyam scam, which cumulatively cost the country billions of dollars. The document argues that reducing government control and increasing transparency, accountability, and use of technology in governance can help curb corruption in India.
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The Indian economy has transitioned from being primarily agriculture-based to an economy with large industries and services sectors. While India has experienced significant growth in recent decades, issues remain such as poverty, unemployment, and economic inequality. The recession has brought new challenges for India's economy in spreading growth equitably, completing important projects, and dealing with financial uncertainty from global capital flows and exports.
Satyam scam - corporate governance
Satyam Computers was founded in 1987 and converted to a public company in 1992. It offered IT services across sectors and was India's 4th largest software company. However, in 2009, its chairman B. Ramalinga Raju resigned after admitting to a corporate accounting fraud. He had inflated cash and bank balances, understated liabilities, and overstated debtors to mislead investors and acquire his family's companies. This led to investigations for breach of trust, cheating, and falsification of records. Reforms are needed in auditing practices, corporate governance laws, and oversight by independent directors to prevent such frauds in the future.
Satyam scam...a shame in indian corporate it world
The document summarizes the Satyam accounting scandal that occurred in 2009 in India. Key points:
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- Raju resigned and admitted the accounting fraud was done to prevent a takeover and keep the company growing.
- The fraud involved inflating cash/bank balances, revenues, margins and understating liabilities in financial statements.
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All is well
This document discusses corruption in India over several decades. It summarizes various corruption scams that have come to light through the press and judiciary. These include the Bofors gun deal, 2G spectrum scam, Commonwealth Games scam, and more. It discusses how proposed anti-corruption laws like the Lokpal bill have failed to pass. The document also examines the loss of tax revenues and bank loans due to corruption. It estimates that illegal financial flows have cost India nearly $500 billion over the past decades.
Satyam Scam - Explanation of the events & Future
Hi,
Here's one more presentation I gave in the 3rd semester of MBA in year 2008. The presentation is all about Satyam Scam.
There's a .PDF file attached in slide number 17 describing what lies ahead for the Satyam. Please don't forget to open it in order to understand the risks associated if Satyam gets acquired.
Thanks,
Varun M.
Satyam case study
Group 1: Sudheer, Jinnu, Vinay, Vijay, Saikumar
Group 2: Yogitha, Ruchi, Jitesh, Santhosh, Chandra Sekher
The document provides details about Satyam Computers including its founding, growth, achievements, and the 2009 fraud scandal. It describes Ramalinga Raju's role as founder and details his confession to inflating financial reports through fake accounts. It outlines the impacts of the scandal on Satyam, employees, and the Indian economy. The document concludes with recommendations to strengthen internal controls and auditing to prevent future such incidents.
Top 7 most profitable businesses in india
The top 7 most profitable businesses in India are ecommerce, retail and wholesale trade, IT and IT services, textiles, real estate, agriculture, and tourism. Ecommerce is the fastest growing sector and is expected to reach $33 billion this year, while retail accounts for 14-15% of India's GDP. The IT sector has expanded twice as fast as the US IT industry and includes major firms like Tata, Infosys, and Wipro. Textiles have generated over 50 million jobs, and agriculture is the largest global producer of crops like pulses and spices. Real estate is forecast to be a $10 billion industry by 2020, while tourism could make India a top 5 travel market by 2030.
Corruption in india
This ia all about corruption in India , in our country many corrupt people in this i present number of ministry have number of corrupted people.
Satyam Computers Case Study 2022.pptx
The Satyam Computer Services fraud was one of India's biggest corporate scandals. The founder, Ramalinga Raju, admitted in 2009 that the company's accounts had been inflated for years. Liabilities of $1.23 billion were understated and profits were exaggerated to hide irregularities. Raju diverted funds to acquire his sons' firms in an attempt to cover the fictitious assets. The fraud put 50,000 jobs at risk and damaged India's IT sector reputation. A new board was appointed to sell the company. Tech Mahindra ultimately acquired Satyam for a third of its previous value. The Indian government and regulators implemented new measures to prevent future financial scams.
Satyam scam
Satyam Computers was founded in 1987 and offered IT services globally before a major fraud was uncovered in 2009. The chairman, Ramalinga Raju, inflated financial figures such as cash balances, profits, and interest income in reports to investors. It was later revealed that Raju had been diverting funds to family businesses and there were 13,000 fewer employees than claimed. When the fraud became public, Satyam shares fell nearly 78% in a single day, wiping out billions in market value. The company was acquired by Tech Mahindra to restore credibility but the scandal badly damaged India's reputation among global investors.
Indus Valley Annual Report 2023
The document provides an annual report on India's startup ecosystem, referred to as Indus Valley. It discusses key trends seen in Indus Valley over the past year, including the rise of entrepreneurs from smaller towns in India and increasing formalization of the economy. Data presented shows patterns around digital adoption, tax base expansion, and social security enrollment that indicate more sectors of the economy are formalizing. The report interprets these trends as signs of India's continued economic development.
Black economy
The document discusses the black economy in India. It defines the black economy as the hidden sector where cash transactions go unreported, including trades, goods and services not part of the official economy. A large portion of the black economy, estimated at 50% of GDP in 2012-13, is controlled by the top 3% of the population. This exacerbates inequality. The black economy undermines the macroeconomy, sectors like education and health, and weakens democracy. Tough steps are needed like getting details from Swiss banks, replacing high denomination notes, and increasing public awareness, to resolve its negative impacts on India's growth.
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Satyam scam...a shame in indian corporate it world
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This document provides an overview of the 2G spectrum scam that occurred in India in 2008. It describes what 2G spectrum is, the history of its allocation in India, and details how the scam unfolded. Key figures like A. Raja, the telecommunications minister at the time, undercharged mobile companies for licenses. This resulted in an estimated loss of $38 billion to the Indian exchequer. The document outlines the key players involved from both government and private companies, and the steps taken in response, including investigations and resignations.
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The document discusses corruption in India and its influence on society. It notes that corruption rates vary significantly across Indian states, from around 20% in Tamil Nadu and Kerala to over 80% in Bihar. Corruption arises from monopolies and discretion in government and is influenced by factors like poverty, greed, and a lack of accountability. The document argues that reducing corruption requires addressing its social and economic roots through policies like poverty alleviation, education, transparency reforms, and enforcing consequences for corrupt officials and politicians.
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This document summarizes Hasan Iqbal's presentation on fighting corruption in Pakistan. It defines corruption as the misuse of power for private gain. It notes that anti-corruption efforts have increased due to public demand for accountability and perception of widespread corruption. Surveys find the top causes of corruption are lack of accountability, low salaries, and abuse of power. Pakistan's anti-corruption framework includes organizations like the FIA, NAB, and accountability courts. The NAB focuses on prosecuting high-level politicians, bureaucrats, and businessmen using a top-down approach with the goal of eliminating corruption and recovering stolen wealth.
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Corruption takes many forms including bribery, nepotism, misappropriation, patronage, and favoritism. It is caused by factors like the emergence of self-interested political elites, unemployment, ineffective administration, and a changing value system. Solutions proposed include implementing whistleblower programs, mandatory imprisonment for corrupt workers, computerization, privatization, punishing higher levels, stricter laws and punishments, adding right to information as a fundamental right, and public awareness campaigns.
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53579705 corruption-in-our-country
- 1. CORRUPTION & SCAMS IN OUR COUNTRY Three among the five topmost corruption scams in India • • • 2G spectrum Common wealth games Satyam scam
- 2. 1. 2G SPECTRUM SCAM CAG (Controller and Auditor General) agency. Raja….the former telecom minister allocated 2g mobile spectrum licenses flouting rules. 1.76 lakh crores revenue loss for India. Spectrum allocated beyond contracted quantities to 9 firms including Airtel,Idea,Reliance,Vodafone,BSNL,Aircel.
- 3. No auctions, No bids….. Followed “first come-first serve” policy. Unitech and Swan telecom got licenses without any telecom experience. Swan telecom is not even having eligible criteria. Swan got license for 1,537cr. And sold for 4,200cr. Unitech got for 1,661cr. and sold for 6,200cr.
- 4. 2. COMMONWEALTH GAMES 2010 SCAM 71 countries from world, about 2,000 staff, 18,000 volunteers,12 days of events. Being a prestigious issue for India….. only half of the estimated finance was used for sports persons. Literally it is a loot of about 30,000cr. As the budget is of 70,000cr.
- 5. It is because of Mr. Suresh kalmadi…. the initiator this fraud was treated as “shame of India” instead of “scam of India”. Fraud deals like this.. “buy material, I’ll give you percentage”, “make policy in my favor”. Even IIT, Nit officers and AIR India's officers involved in this scam.
- 6. 3.SATYAM SCAM B. Ramalinga raju… the founder and former chairman… an IT professional. Fourth biggest outsourcing IT company in India. More than 50,000 employees from India. Offers services to more than 550 MNCs.
- 7. Became biggest fraud in corporate history to the tune of 14,000cr. More than 50,000 employees jobs were at risk. 7% of sensex has fallen down. Since Raju can’t compensate the fraud money, he announced to acquire satyam to maytas prop. & maytas infra with about 8,000cr. Ministry of corporate affairs enquired on this whether any violation of laws of strategy takes place.
- 8. ILL EFFECTS DUE TO CORRUPTION “Rich becomes richer & poor stay poor”. A developing nation will stay developing…… even for generations. Financial imbalance over the nation……. In peak stage…… it tends to economic inflation.
- 9. HOW TO COMPENSATE THE LOSS One should be sincere on their own profession. One should contribute their work for own country’s development (outsourcing reduced). Do not encourage corruption. Directing ones professional goals towards country’s vision. Our country vision is to became a super power in 2020.
- 10. Let us fight for better INDIA. THANK YOU SUMANTH SAI .CH