Australian whistleblowers could get access to bounties worth millions

The Turnbull government is considering a bounty-style reward worth millions of dollars for those who blow the whistle on corruption or unethical behaviour at the hands of multibillion-dollar corporations.

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Bangladesh infrastructure is world’s costliest, says World Bank

World Bank economist Zahid Hussain speaks at a press conference in office in Dhaka’s Agargaon on Tuesday. Seated next to him is Qimiao Fan, World Bank’s country director in Bangladesh.

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Tackling Sports Corruption

Sports compliance agency I Trust Sport believes that sport can be a force for good. Sadly, corruption sometimes prevents sport from fulfilling its full potential to benefit individuals and societies.

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Entrepreneurs Care About Corruption – Here’s How to Help Them Fight It.

A friend of mine has been trying to start an artisanal liquor business in a small Latin American country. He learned to ferment fruit, crafted a logo, scrounged for and sanitized several hundred glass bottles, registered his corporation with all the various agencies, and paid all of his initial taxes. After producing his first batch and selling it to a number of small shops, he decided it was time to expand. Unfortunately, when he began to negotiate sales to larger restaurants and grocery stores he ran into a major complication: liquor taxes. The high level of liquor taxation made his business model completely unprofitable. Trying to understand how any other liquor business stayed afloat, he discovered that one liquor manufacturer and importer dominated the market, and didn’t pay any taxes. How? Corruption. In order to stay in business, my friend had a choice: (A) he could stay small, fly under the radar, and avoid paying taxes, or (B) he could navigate the perilous and uncertain process of bribing his way out of paying taxes. He ended up choosing a third option: he closed up shop and went back to his day job.

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Fighting Procurement Corruption: the Essential Role of Bid Challenge Systems

Ensuring firms that loose the competition for a government contract can challenge the result is a critical part of the fight against corruption in public procurement.  A losing bidder will have lost the chance to make a profit and will have invested time and money in preparing its bid.  It thus has not only a strong motive for contesting a decision it believes tainted by corruption but the expertise to do so.  Bid challenge systems complement procurement oversight by civil society.  Indeed, they may even be a more powerful tool.  Whereas civil society monitoring typically relies on public-spirited volunteers unfamiliar with the technical aspects of the procurement, bid challenge systems harness firms’ self-interest and technical knowledge in service of ferreting out procurement corruption.

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Six-month time to probe corruption cases against government employees

Many cases against government staffs are pending for quite a long time. New rule has made it mandatory to finish all such cases within six months.

NEW DELHI: Changing an over 50-year-old rule, the government has set a deadline of six months to complete probe in corruption cases+ involving its employees.  The decision has been taken to speed up the investigation in such cases, most of them pending for quite a long time.

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Business and the SDGs: Role, opportunity and responsibility

It is important that companies understand the implications of the Sustainable Development Goals (SDGs) across the spectrum of role, opportunity and responsibility.

The role of business

Although fundamentally it will be down to governments to tackle SDG implementation at a national level, the goals simply will not be achieved without meaningful action by business. Business has a key role to play as an engine of economic growth and employment and a source of finance, technology and innovation.

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Corruption in Asia only getting worse: EY survey

The poll of 1,698 employees at large companies in 14 territories in the Asia-Pacific region was taken between November and February. EY said 39% were aged between 25 and 34.

Despite anti-graft initiatives under way from China to India, the survey by EY found that ‘ethical standards are not improving’

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Survey: Companies Losing Business to Corruption Risk

More companies are choosing to cease business with certain partners, while others say they’ve lost business over the last year, because of corruption risk, finds a recent global anti-corruption survey.

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Starting with demonetisation, prime focus on corruption has now moved to issue of digitising India

The relentless fight against corruption was also reflected in the Union Budget through restrictions on funding of political parties and on cash transactions.

On April 14, the Prime Minister extolled the citizens of benefits of Digi money and urged the use of Digi Dhan as part of clean-up India campaign against the menace of corruption while emphasising the need for extensive use of BHIM app.

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