Sunday, March 23, 2014

Corruption Is Way Of Life

Corruption being blown out of proportion: Pitroda-The Hindu Business Line 24.03.2014

Chairman of National Innovation Council, Sam Pitroda feels that corruption has become a way of life in Indian society and it was being blown out of proportion.

“I think lot of this corruption is blown out of proportion. First of all, let me tell you — not that I like corruption, don’t get me wrong, corruption is a way of life in our society,” Pitroda said replying to a question on corruption being a big issue for UPA government today.

Speaking at “Meet the Press”, organised by the Bangalore Press Club and the Reporters Guild of Bangalore, he said that it was not that any party was corrupt or not, but everybody in the society was corrupt.

“Business is corrupt, teachers are corrupt, doctors are corrupt, politicians are corrupt, everybody is corrupt. Not just the Indian society is corrupt, there is corruption in US but it is sophisticated. As it is sophisticated, you and I don’t get affected directly. There is corruption in China, Japan, Russia — so it has become a way of life, not that I like it. But let’s not get hung-up on it,” he said.
Pitroda said that one can’t stop doing things just because there was corruption. “If somebody is corrupt, action should be taken... but you can’t take 20 year to decide it. Fix it soon, three years or whatever.”
He stressed on the need to improve the system slowly and said if somebody has done wrong then he should pay for it; each one of us has to take I think we will have to work with the system we have and slowly and slowly improve.”

Corruption, bribery and fraud biggest risks for India Inc: Survey

Corruption, bribery and corporate frauds’ has emerged as the biggest risk affecting corporate India, according to a new survey.
The India Risk Survey 2014 released here on Friday was carried out by FICCI and Pinkerton to assess the impact of risks across the industry and geography of the country.
‘Strikes, Closures and Unrest' has been rated as the second biggest risk.
In last year’s survey, it was ranked as the biggest risk, the survey added. Interestingly, ‘Corruption, Bribery and Corporate Frauds’ ranked fourth in the last year’s survey.
‘Political and Governance Instability' has been rated as the third biggest risk this year, an obvious pointer towards political uncertainty surrounding the upcoming general elections. ‘Crime’ and ‘Information and cyber insecurity’ have been rated as the No. 4 and No. 5 risks, respectively.
G.K. Pillai, Chair, FICCI Homeland Security Committee and former Union Home Secretary, said, “Political and governance instability will not lead to creation of employment which is the most important issue facing the nation and its youth. A policy environment that trusts businessmen and entrepreneurs is the need of the hour.”
The results of the survey are based on a collation from a set of 12 risks that have been identified after a series of brainstorming sessions.

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